Quarterly ResultApr 29, 2026, 05:06 PM
HWBK Q1 Net Income +25.9% to $6.8M; EPS $0.98; Dividend $0.21
AI Summary
Hawthorn Bancshares, Inc. reported strong first quarter 2026 results with net income increasing 25.9% to $6.8 million and diluted EPS improving 27% to $0.98 compared to the prior year quarter. The company also saw an improved efficiency ratio of 60.46% and a higher net interest margin of 4.07%. Despite a decrease in loans and deposits from the prior quarter, credit quality remained stable, and the company maintained a "well capitalized" regulatory position, declaring a quarterly cash dividend of $0.21 per share and repurchasing $0.4 million in common shares.
Key Highlights
- HWBK Q1 2026 net income increased 25.9% to $6.8 million from prior year quarter.
- Diluted EPS improved 27% to $0.98 from $0.77 in the prior year quarter.
- Efficiency ratio improved to 60.46% from 66.64% in the prior year quarter.
- Net interest margin (FTE) increased to 4.07% from 3.67% in the prior year quarter.
- Board approved a quarterly cash dividend of $0.21 per common share.
- Company repurchased 12,000 common shares for $0.4 million in Q1 2026.
- Loans decreased $32.6 million (2.2%) and deposits decreased $35.8 million (2.3%) from prior quarter.
- Book value per share increased 16.4% to $25.58 from $21.97 in the prior year quarter.