Welcome to our dedicated page for BLACKHAWK BANCORP news (Ticker: BHWB), a resource for investors and traders seeking the latest updates and insights on BLACKHAWK BANCORP stock.
Blackhawk Bancorp, Inc., headquartered in Beloit, Wisconsin, is the parent company of Blackhawk Bank, offering comprehensive banking services. With ten full-service banking centers across Wisconsin and Illinois, the company focuses on providing value-added financial products and services to business customers and their employees. Recent financial highlights include a 10% increase in net income for the quarter ended June 30, 2023, compared to the preceding quarter. The company's net interest income, noninterest income, and operating expenses are also detailed, showcasing its financial performance and operational efficiency.
Blackhawk Bancorp (OTCQX:BHWB) reported a net income of $2.89 million for Q1 2023, marking a 29% decline from the previous quarter but a 10% increase from Q1 2022. Diluted earnings per share decreased by 29% to $1.00 compared to the last quarter. The company experienced a 3% decline in net interest income from the previous quarter, totaling $11.67 million, but a 21% year-over-year increase. Total deposits fell by $51.4 million to $1.15 billion, while loan growth remained robust at double digits year-over-year. The announced merger with First Mid Bancshares, expected to close in H2 2023, is poised to enhance the company’s market position. The tangible book value per share rose to $24.02 from $22.60 at the end of 2022.
Blackhawk Bancorp, Inc. (OTCQX:BHWB) announced a quarterly cash dividend of $0.12 per share, payable on March 17, 2023, to shareholders recorded by March 3, 2023. This dividend totals $0.48 annually, marking the 35th consecutive quarterly dividend the company has declared. Blackhawk Bancorp operates ten banking centers in Wisconsin and Illinois, offering consultative financial services to business customers. The company emphasizes a commitment to shareholder returns through consistent dividend payments.
On January 24, 2023, Blackhawk Bancorp (OTCQX:BHWB) announced record earnings for the year ending December 31, 2022, with a net income of $13.64 million, slightly surpassing $13.62 million in 2021. Diluted EPS rose by 6.26% to $4.75. The company saw a 12% increase in net interest income, totaling $43.91 million, despite a $4.11 million decline in noninterest income. Fourth quarter net income was $4.05 million, a 39% increase year-over-year. Key metrics included a ROAE of 22.31% and a ROAA of 1.19%. However, operating expenses increased by $2.32 million due to branch closures. The company also faced challenges from rising deposit costs, impacting future net interest margin growth.
Blackhawk Bancorp reported a net income of $3.49 million for Q3 2022, a slight increase from $3.48 million in Q2 and an 8% rise from $3.22 million in Q3 2021. Diluted EPS remained at $1.21, with a return on average equity at 16.73%. A 10% increase in net interest income was observed, totaling $11.64 million. However, noninterest income declined, largely due to a $1.17 million drop in mortgage servicing revenue. Total deposits rose to $1.26 billion, while the tangible book value per share decreased to $21.01.
Blackhawk Bancorp (OTCQX:BHWB) has declared a quarterly cash dividend of $0.12 per share, payable on September 23, 2022, to shareholders of record as of September 9, 2022. This marks the 33rd consecutive quarterly dividend, totaling $0.48 annually. Blackhawk Bancorp operates ten full-service banking centers in Wisconsin and Illinois, offering consultative services to business customers.
Blackhawk Bancorp (OTCQX:BHWB) reported net income of $3.48 million for Q2 2022, a 33% increase from Q1 2022 but a 14% decline year-over-year. Diluted EPS rose to $1.21, a 32% increase from Q1, while down 7% from Q2 2021. Key highlights include a 26% rise in loans held for investment and a net interest margin of 3.31%. Operating expenses rose 19% year-over-year, largely due to $1.27 million in branch closure charges. The bank remains cautiously optimistic about future loan growth amid rising interest rates.
Blackhawk Bancorp, Inc. (OTCQX:BHWB) has declared a cash dividend of $0.12 per share, payable on June 17, 2022, to shareholders of record by June 3, 2022. This dividend translates to an annual amount of $0.48 per share and marks the thirty-second consecutive quarterly dividend for the company. Blackhawk Bancorp, headquartered in Beloit, Wisconsin, operates twelve banking centers and offers a variety of financial services.
Blackhawk Bancorp (OTCQX:BHWB) announced the election of three incumbent directors and one new director during its Annual Meeting of Shareholders on May 18, 2022. The elected directors include Lucas R. Derry, April R. Glosser, Paul L. Palmby, and Benjamin D. Holmstrom, who brings valuable experience from his role as President of William Charles Construction. The Company also acknowledged the retirement of Thomas Barnes, who served on the Board since 2007. The leadership changes aim to enhance the Company’s strategic position in the financial sector.
FAQ
What is the market cap of BLACKHAWK BANCORP (BHWB)?
Where is Blackhawk Bancorp, Inc. headquartered?
What is the core business of Blackhawk Bancorp, Inc.?
How many full-service banking centers does Blackhawk Bancorp, Inc. operate?
What recent financial highlights has Blackhawk Bancorp, Inc. reported?
What services does Blackhawk Bancorp, Inc. provide to its business customers?
How does Blackhawk Bancorp, Inc. focus on operational efficiency?
What regions does Blackhawk Bancorp, Inc. serve with its banking services?
What is the recent growth percentage in net income for Blackhawk Bancorp, Inc.?
What percentage of change has been observed in net interest income for Blackhawk Bancorp, Inc.?
How does Blackhawk Bancorp, Inc. focus on providing financial products to its customers?
What is the current Return on Average Assets (ROAA) for Blackhawk Bancorp, Inc.?
