AcquisitionsAug 6, 2026, 03:04 PM
Hawthorn Bancshares to Acquire FSC Bancshares for $28.3M; Q2 EPS $1.06
AI Summary
Hawthorn Bancshares announced an agreement to acquire FSC Bancshares, Inc. in a cash-and-stock merger valued at approximately $28.3 million, expected to close in Q3 2026. For the second quarter of 2026, the company reported a 20.1% increase in net income to $7.3 million, with basic EPS rising to $1.06. Year-to-date net income grew 13.8% to $13.1 million, and basic EPS reached $1.89.
Key Highlights
- Agreement to acquire FSC Bancshares, Inc. in a cash-and-stock merger valued at approximately $28.3 million.
- Net income for Q2 2026 increased 20.1% to $7.3 million, up from $6.1 million in Q2 2025.
- Basic earnings per share for Q2 2026 rose 20.5% to $1.06, compared to $0.88 in Q2 2025.
- Year-to-date net income grew 13.8% to $13.1 million for the six months ended June 30, 2026.
- Year-to-date basic EPS increased 14.5% to $1.89 for the six months ended June 30, 2026.
- Total assets decreased 6.5% to $1.77 billion at June 30, 2026, from $1.89 billion at December 31, 2025.
- Cash dividends declared for common stock were $0.21 per share for Q2 2026.
Price Impact
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