STOCK TITAN

Hills Bancorporation (HBIA) posts $21.9M profit and 13.15% CBLR

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hills Bancorporation reported unaudited net income of $21.9 million for the quarter ended March 31, 2026, giving shareholders an early look at its quarterly performance.

The company highlighted an unaudited capital ratio of 11.7%, calculated as total stockholders’ equity minus the maximum cash obligation related to ESOP shares, divided by total assets. This is a management-defined, non-regulatory measure.

Hills Bancorporation also noted that its primary regulatory capital metric is the Community Bank Leverage Ratio (CBLR), which was approximately 13.15% as of March 31, 2026, indicating a solid buffer above typical minimum regulatory capital levels.

Positive

  • None.

Negative

  • None.
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Net income $21.9 million Unaudited, quarter ended March 31, 2026
Capital ratio 11.7% Management-defined, non-regulatory measure for quarter ended March 31, 2026
Community Bank Leverage Ratio (CBLR) 13.15% Primary regulatory capital metric as of March 31, 2026
Community Bank Leverage Ratio financial
"The Company’s primary regulatory capital metric is the Community Bank Leverage Ratio (“CBLR”), which was approximately 13.15% as of March 31, 2026."
Community bank leverage ratio is a regulatory measure that compares a bank’s core capital (its safety cushion) to the size of its balance sheet, showing what share of assets is backed by tangible equity rather than borrowed money. Investors use it like a health check: a higher ratio means the bank has more buffer to absorb losses, support lending and dividends, and face fewer regulatory limits, while a lower ratio signals greater risk.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure On April 20, 2026, Hills Bancorporation announced to its shareholders unaudited net income..."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
ESOP shares financial
"total stockholders’ equity, less the maximum cash obligation related to ESOP shares, divided by total assets."
Shares issued under an Employee Stock Ownership Plan (ESOP) are company stock set aside for employees so they own a piece of the business, similar to giving workers a small stake instead of or in addition to bonuses. For investors, ESOP shares matter because they can change how many total shares are outstanding (dilution), align employee and shareholder interests which may boost performance, and affect future selling pressure when employees cash out.
non‑regulatory measure financial
"This ratio is a management-defined, non‑regulatory measure and is not a regulatory capital ratio."
Net income $21.9 million
Capital ratio (management-defined) 11.7%
Community Bank Leverage Ratio (CBLR) 13.15%
0000732417false00007324172025-04-212025-04-21

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

April 20, 2026
Date of Report (date of earliest event reported)

HILLS BANCORPORATION
(Exact name of registrant as specified in its charter)
Iowa
0-12668
42-1208067
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
131 E. Main Street, PO Box 160
Hills
Iowa
52235
(Address of Principal Executive Offices)
(Zip Code)
(319) 679-2291
Registrant's telephone number, including area code


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o





Item 2.02 Results of Operations and Financial Condition

On April 20, 2026, Hills Bancorporation announced to its shareholders unaudited net income of $21.9 million and an unaudited capital ratio of 11.7% for the quarter ended March 31, 2026. The capital ratio presented was calculated as total stockholders’ equity, less the maximum cash obligation related to ESOP shares, divided by total assets. This ratio is a management-defined, non‑regulatory measure and is not a regulatory capital ratio. The Company’s primary regulatory capital metric is the Community Bank Leverage Ratio (“CBLR”), which was approximately 13.15% as of March 31, 2026.

Item 7.01 Regulation FD Disclosure

On April 20, 2026, Hills Bancorporation announced to its shareholders unaudited net income of $21.9 million and an unaudited capital ratio of 11.7% for the quarter ended March 31, 2026. The capital ratio presented was calculated as total stockholders’ equity, less the maximum cash obligation related to ESOP shares, divided by total assets. This ratio is a management-defined, non‑regulatory measure and is not a regulatory capital ratio. The Company’s primary regulatory capital metric is the Community Bank Leverage Ratio (“CBLR”), which was approximately 13.15% as of March 31, 2026.


SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                        HILLS BANCORPORATION

Date: April 24, 2026                /s/ Lisa A. Shileny                        
                        Lisa A. Shileny, Director, President and Chief Executive Officer


FAQ

What net income did Hills Bancorporation (HBIA) report for the March 31, 2026 quarter?

Hills Bancorporation reported unaudited net income of $21.9 million for the quarter ended March 31, 2026. This figure reflects the company’s profitability for the period as communicated to shareholders under Items 2.02 and 7.01.

What capital ratio did Hills Bancorporation (HBIA) disclose for March 31, 2026?

The company disclosed an unaudited capital ratio of 11.7% for the quarter ended March 31, 2026. This measure is calculated using stockholders’ equity minus maximum ESOP cash obligations, divided by total assets, and is a management-defined, non-regulatory metric.

How does Hills Bancorporation (HBIA) calculate its 11.7% capital ratio?

The 11.7% capital ratio is calculated as total stockholders’ equity, less the maximum cash obligation related to ESOP shares, divided by total assets. Hills Bancorporation notes this is a management-defined measure and not a regulatory capital ratio.

What is Hills Bancorporation’s (HBIA) primary regulatory capital metric?

Hills Bancorporation’s primary regulatory capital metric is the Community Bank Leverage Ratio (CBLR). As of March 31, 2026, the CBLR was approximately 13.15%, providing a key regulatory view of the bank’s capitalization level.

Did Hills Bancorporation (HBIA) repeat the same financial disclosure under multiple 8-K items?

Yes. The company disclosed the same figures—$21.9 million unaudited net income and an 11.7% capital ratio—for the quarter ended March 31, 2026 under both Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).

Filing Exhibits & Attachments

3 documents