Welcome to our dedicated page for Hawthorn Bancshars news (Ticker: HWBK), a resource for investors and traders seeking the latest updates and insights on Hawthorn Bancshars stock.
Hawthorn Bancshares Inc. (symbol: HWBK), established in 1865, is a financial holding company dedicated to serving Missouri families and small businesses for over 150 years. As a longstanding supporter of local communities, Hawthorn Bancshares is an advocate for schools, charities, and civic groups, promoting economic development and fostering strong relationships within the areas it operates.
Through its subsidiary, Hawthorn Bank, the company offers a comprehensive range of financial services. This includes commercial banking tailored to small and mid-sized businesses, offering solutions such as equipment financing, operating loans, commercial real estate financing, and SBA loans. For personal banking needs, Hawthorn Bank provides a variety of services including checking and savings accounts, mortgages, home improvement loans, car loans, trust and investment services, alongside robust online and mobile banking options.
Hawthorn Bancshares consistently aims to deliver superior, genuine service to its clientele. The bank’s commitment to community involvement and customer satisfaction is reflected in every transaction, ensuring a positive experience for all customers. Their range of products and services is designed to meet the diverse financial needs of individuals and businesses alike.
Recent achievements of Hawthorn Bancshares include steady financial growth and the introduction of new financial products to better serve their customers. Their continuous effort in enhancing online and mobile banking capabilities ensures they remain at the forefront of technological advancement in the banking sector.
For more information about Hawthorn Bancshares Inc. and to stay updated with the latest news and developments, visit their website.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) declared a quarterly cash dividend of $0.17 per common share and a special stock dividend of 4% per common share, both payable on July 1, 2023. Shareholders on record by the close of business on June 15, 2023 will be eligible for these dividends. This decision reflects the company's confidence in its financial health and commitment to providing returns to its shareholders. As a financial-bank holding company based in Jefferson City, Missouri, Hawthorn Bancshares operates multiple branches across the state, contributing to local economies.
Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $3.3 million for Q1 2023, down 30.8% from the previous quarter and 50.5% year-over-year. Earnings per diluted share (EPS) fell to $0.48 from $0.70 and $0.97 respectively. The decline in net income was primarily due to lower net interest income and an increase in provision for credit losses. Despite a 1.4% increase in loans, which totaled $1.5 billion, total deposits decreased by 1.5% to $1.6 billion. The net interest margin declined to 3.16%. The company adopted the Current Expected Credit Loss model, resulting in a $5.6 million adjustment to retained earnings. Chairman David T. Turner expressed confidence in growth opportunities despite the results.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) reported a net income of $20.8 million for 2022, translating to $3.06 per diluted share, down from $22.5 million or $3.27 per share in 2021. The fourth-quarter net income was $4.7 million, with $0.70 per diluted share, showing a decrease from the previous quarter and last year. Loans saw a significant increase of 16.8% year-over-year, totaling $1.5 billion. Deposits grew by 7.6% to $1.6 billion. Although the net interest margin fell to 3.53%, the company maintained a
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced a quarterly cash dividend of $0.17 per common share, payable on April 1, 2023, to shareholders of record by the close of business on March 15, 2023. The company operates Hawthorn Bank with locations across various Missouri communities, including Jefferson City, St. Louis, and Springfield. The Board of Directors' approval of this dividend reflects the company's commitment to returning value to shareholders. However, investors should be mindful of potential risks associated with forward-looking statements that may impact actual results compared to projections.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) reported a net income of $4.9 million, or $0.73 per diluted share, for Q3 2022. This is a 9.8% increase from the linked quarter but a 15.0% decrease compared to Q3 2021. Loans rose by $64.2 million (4.5%) while deposits grew by $62.0 million (4.0%) from the linked quarter. Although net interest income increased to $15.1 million, the net interest margin fell to 3.56%. Non-performing loans decreased significantly to $17.3 million, benefiting from improved asset quality.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has declared a quarterly cash dividend of $0.17 per common share, set for payment on January 1, 2023, to shareholders on record by the close of business on December 15, 2022.
This announcement reflects the company's ongoing commitment to return value to its shareholders as it continues to operate through its various Missouri locations.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced the appointment of Shawna Hettinger and John States as independent non-executive directors, effective September 28, 2022. Shawna Hettinger, with over 15 years in the construction industry, is the president of Streetwise, Inc., while John States has over 30 years of experience and is a member of Little Dixie Construction. The appointments aim to enhance the board's insight amidst the company’s growth in Kansas City and Columbia, MO, as stated by Chairman David T. Turner.
Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $4.5 million for the second quarter of 2022, reflecting a 32.1% decrease from the previous quarter. Earnings per share (EPS) stood at $0.66, down from $0.97 in Q1 2022. Despite these declines, the bank achieved a 7.0% increase in loans, totaling $1.4 billion, and a 5.1% rise in deposits to $1.5 billion. The net interest margin improved to 3.64%, up from 3.50% in the previous quarter. However, non-performing loans increased slightly to $17.8 million.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has announced a quarterly cash dividend of $0.17 per common share. This dividend will be payable on October 1, 2022 to shareholders who are on record as of the close of business on September 15, 2022. Headquartered in Jefferson City, Missouri, Hawthorn Bancshares operates multiple branches across the state, providing various banking services.
FAQ
What is the current stock price of Hawthorn Bancshars (HWBK)?
What is the market cap of Hawthorn Bancshars (HWBK)?
What services does Hawthorn Bancshares Inc. offer?
When was Hawthorn Bancshares Inc. founded?
Where is Hawthorn Bancshares Inc. primarily located?
What types of loans does Hawthorn Bancshares provide?
Does Hawthorn Bancshares offer online banking services?
How does Hawthorn Bancshares support local communities?
Who is the CEO of Hawthorn Bancshares Inc.?
What personal banking services are available at Hawthorn Bank?
How does Hawthorn Bancshares ensure customer satisfaction?
What recent achievements has Hawthorn Bancshares made?
