Hawthorn Banc Stock Price, News & Analysis

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.

Hawthorn Bancshares reported a net income of $14.3 million for 2020, or $2.20 per diluted share, down from $16.1 million in 2019. The fourth quarter net income was $5.2 million, representing an increase from the third quarter but a decrease in EPS from prior year. Key metrics include a net interest margin of 3.48% for 2020 and 3.40% for the fourth quarter. Total deposits rose by 4.3% quarter-over-quarter, amounting to $1.4 billion. Non-performing loans surged to $34.6 million, marking a significant increase. A quarterly dividend of $0.13 per share has been declared for Q1 2021.

Hawthorn Bancshares (NASDAQ: HWBK) has announced an increase in its quarterly cash dividend by $0.01 per share, marking an 8.3% rise to a total of $0.13 per share. This dividend will be payable on January 1, 2021, to shareholders of record as of December 15, 2020. Chairman David T. Turner highlighted that this increase reflects improved earnings since the last adjustment made on July 1, 2019.

Hawthorn Bancshares Inc. (NASDAQ: HWBK) reported a net income of $5.0 million for Q3 2020, marking an increase of $1.7 million from the previous quarter. Earnings per diluted share stood at $0.77, up from $0.51 and $0.59 in Q2 2020 and Q3 2019, respectively. Net interest income grew to $13.8 million, a 12% increase year-over-year. Loans held for investment increased by $130 million, or 11.3%, compared to the same period last year. Despite challenges from COVID-19, asset quality improved with non-performing loans decreasing to $5.8 million.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has reinstated its stock repurchase program as of August 20, 2020, following a temporary suspension due to COVID-19 market conditions. The reauthorization allows for the purchase of up to $4 million in shares, which will be executed at prevailing market prices. The repurchased shares will be held in treasury for general corporate purposes, including employee stock benefit plans. As of the date of the announcement, there were 6,485,648 common shares outstanding.

Hawthorn Bancshares has declared a quarterly cash dividend of $0.12 per share, payable on October 1, 2020, to shareholders on record as of September 15, 2020. This dividend is consistent with the previous quarterly rate, reflecting the company's ongoing commitment to returning value to its shareholders. Hawthorn Bancshares operates several bank locations across Missouri and is recognized for its stable financial management.

Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $3.3 million, or $0.51 per diluted share, for Q2 2020, reflecting a significant increase from $0.13 in Q1 2020 but a decrease from $0.54 in Q2 2019. Loans rose by $100 million (8.5%) to $1.3 billion, largely thanks to $87 million in SBA loans under the Paycheck Protection Program. Deposits grew by $148 million (12.6%) to $1.3 billion. Despite the challenges posed by the COVID-19 pandemic, the company maintained a strong capital position and provided substantial loan modifications to customers.