Hawthorn Banc Stock Price, News & Analysis

Hawthorn Bancshares Inc. (NASDAQ: HWBK) reported a net income of $5.8 million for Q3 2021, up 18% from the prior quarter. Earnings per diluted share rose to $0.88. Notably, net interest income increased to $15.4 million, bolstered by $1.6 million in PPP loan fees. However, loans decreased by 0.9% to $1.3 billion, while deposits rose by 2.2% to $1.4 billion. Despite an increase in non-performing loans year-over-year, the overall asset quality showed improvement.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced a quarterly cash dividend of $0.15 per share, to be paid on January 1, 2022, for shareholders on record by December 15, 2021. This dividend aligns with the previous quarterly rate, demonstrating the company's consistent financial management.

Hawthorn Bancshares is based in Jefferson City, Missouri, and operates multiple branches across the state, providing essential banking services to its communities.

Hawthorn Bancshares Inc. (HWBK) reported a net income of $4.9 million for Q2 2021, a decrease of $0.9 million from Q1 2021, but up $1.6 million from Q2 2020. Earnings per diluted share were $0.74, down from $0.88 in Q1 2021. The net interest margin was 3.40%, reduced from 3.61% in the prior quarter. Loans increased by $18 million (1.4%) compared to the linked quarter, while deposits decreased by $13 million (0.9%). Non-performing loans totaled $33.8 million, slightly down from the prior quarter. The company's capital ratios remained strong, indicating a well-capitalized position.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has declared a quarterly cash dividend of $0.15 per share, scheduled for payment on October 1, 2021. Shareholders of record as of September 15, 2021 will receive this dividend, which aligns with the previous quarterly rate. This decision underscores the company's commitment to returning value to its investors while maintaining a consistent dividend policy.

The Board of Directors of Hawthorn Bancshares, Inc. (NASDAQ: HWBK) confirmed the re-election of Frank E. Burkhead and Gus S. Wetzel, III as Class II directors for three-year terms at the June 8, 2021 Annual Meeting of Shareholders. Burkhead, a director since 2014, co-owns Burkhead & Associates, LLC, while Wetzel, in the board since 2018, owns Meadows Contracting, LLC. Shareholders also ratified the appointment of KPMG, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.

Hawthorn Bancshares Inc. (NASDAQ: HWBK) announced a new share repurchase authorization on April 28, 2021, increasing the total buyback amount to $5.0 million. This decision allows the company to repurchase shares at management's discretion, subject to market conditions and legal requirements. The repurchased shares will be held in treasury for general corporate purposes, including employee stock plans. As of the authorization date, there were 6,362,476 shares outstanding. The company plans to fund the purchases through cash generated from operations.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has announced a 15.4% increase in its quarterly cash dividend, raising it to $0.15 per share. This will be payable on July 1, 2021, to shareholders who are on record by the close of business on June 15, 2021. Additionally, a special stock dividend of 4% will also be distributed to eligible shareholders on the same date.

Hawthorn Bancshares (NASDAQ: HWBK) reported a robust net income of $5.8 million, or $0.92 per diluted share for Q1 2021, marking significant growth from $0.80 in Q4 2020 and $0.13 in Q1 2020. The company achieved a net interest margin of 3.62% and successfully closed over $40 million in PPP loans. While total loans decreased by 0.8% to $1.3 billion quarter-over-quarter, year-over-year figures showcased a healthy growth of 8.1%. The bank's asset quality remains strong, with a minimal decline in non-performing loans.

Hawthorn Bancshares (NASDAQ: HWBK) has announced a quarterly cash dividend of $0.13 per share, scheduled for payment on April 1, 2021. Shareholders on record as of the close of business on March 15, 2021 will be eligible for this dividend, maintaining consistency with previous quarterly distributions. The company is headquartered in Jefferson City, Missouri, and operates multiple branches across the state.