Every 8-K that HILLS BANCORP OF IOWA (HBIA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HBIA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HBIA filings page.
Hills Bancorporation is implementing a two-for-one split of its common stock by amending its Restated Articles of Incorporation. The amendment increases authorized common shares from 20,000,000 to 40,000,000, all with no par value.
Shareholders of record as of the close of business on June 1, 2026 will receive one additional share for each share held, with the new shares payable on June 8, 2026. Articles of Amendment were filed with the Iowa Secretary of State on May 15, 2026 to effect this change.
Hills Bancorporation updated its corporate bylaws to change how its shares are held and recorded. On May 12, 2026, the board approved an amendment adding a new section to Article VI that addresses issuance of paper stock certificates.
The change makes uncertificated book-entry registration the default form of share ownership, with paper certificates still governed by the new bylaw section. The board also authorized a restatement of the bylaws as amended, and the full amendment text is provided in Exhibit 3.1.
Hills Bancorporation, through its subsidiary Hills Bank and Trust Company, agreed to purchase approximately 19.2 acres at 200 and 500 ACT Drive in Iowa City for $20,700,000. The bank plans to use the property to consolidate operational teams and support long-term growth, while its headquarters will remain in Hills, Iowa.
The deal is documented in an Agreement of Purchase and Sale dated May 11, 2026 and is subject to standard real estate conditions, including any required regulatory approvals. Closing is scheduled for the first quarter of 2027, and the company highlights related forward-looking statement risks.
Hills Bancorporation approved a two-for-one stock split of its issued and outstanding common shares. Each shareholder of record as of the close of business on June 1, 2026 will receive one additional share for every share held, with distribution on June 8, 2026.
Following the split, authorized common shares will increase from 20,000,000 to 40,000,000, all with no par value. All new shares will be issued in book-entry form through Computershare, and outstanding stock options and restricted stock awards will be proportionally adjusted so share counts double and option exercise prices are halved.
Hills Bancorporation held its annual shareholder meeting on April 20, 2026, where investors voted on directors, executive pay, and the audit firm.
Shareholders elected four directors, each to serve until the 2029 annual meeting, approved the non-binding advisory vote on executive compensation, and supported the non-binding appointment of Crowe, LLP as the independent registered public accounting firm.
Hills Bancorporation reported changes to its Board of Directors under its existing director retirement policy. The policy calls for directors to retire as of the date of the annual meeting following their attainment of age 72. On April 20, 2026, three long-serving directors — Michael E. Hodge, Ann Marie Rhodes, and Thomas R. Wiele — retired from the Board in accordance with this policy. The filing formalizes these routine governance changes and confirms the company’s adherence to its established board succession framework.
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.
Hills Bancorporation reported that its Audit Committee approved the engagement of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The company states that, during the past two fiscal years and through April 2, 2026, it did not consult Crowe on accounting principles, audit opinions, or financial reporting decisions, and there were no matters involving disagreements or reportable events under Regulation S‑K.
Hills Bancorporation reported that its Audit Committee has decided to change independent auditors following completion of the 2025 audit. Forvis Mazars, LLP will be dismissed as the company’s independent registered public accounting firm after it finishes auditing the consolidated financial statements for the year ending December 31, 2025. On January 5, 2026, the Audit Committee approved the engagement of Crowe LLP to audit the company’s consolidated financial statements for the fiscal year ending December 31, 2026, subject to Crowe’s standard client acceptance procedures and an engagement letter.
The company noted that Forvis Mazars’ audit reports for the fiscal years ended December 31, 2024 and December 31, 2023 contained no adverse opinions, disclaimers, or qualifications. It also stated there were no disagreements with Forvis Mazars on accounting, disclosure, or audit scope matters during those periods or the subsequent interim period. Previously disclosed material weaknesses in internal control over financial reporting related to period-end review controls, manual journal entry processes, and related party transaction controls were identified as reportable events and discussed with Forvis Mazars, and the firm has been authorized to respond fully to Crowe about these matters.