Hawthorn Bancshares Reports Second Quarter 2026 Results

JEFFERSON CITY, Mo., July 29, 2026 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported second quarter 2026 net income of $7.3 million, or earnings per diluted share (“EPS”) of $1.06.

Second Quarter 2026 Results * Net income improved $1.2 million, or 20.1%, to $7.3 million from the second quarter 2025 (the "prior year quarter") and the efficiency ratio improved to 60.66% compared to 62.32% for the prior year quarter * EPS of $1.06, an improvement of $0.18 per share, or 20%, from the prior year quarter * Net interest margin, fully taxable equivalent ("FTE") improved in the second quarter 2026 to 4.16% compared to 4.07% for the first quarter 2026 (the "prior quarter”) and 3.89% for the prior year quarter * Provision for credit losses was $0.2 million higher than the prior quarter * Return on average assets and equity of 1.63% and 16.39%, respectively * Loans decreased $37.8 million, or 2.6%, and deposits decreased $30.1 million, or 2.0%, compared to the prior quarter * Investments increased $25.4 million, or 12.0%, compared to the prior quarter * Credit quality remained stable with non-performing assets to total loans of 0.53% compared to 0.35% in the prior year quarter * Remained "well capitalized" with total risk-based capital of 16.40% * Book value per share was $26.50, an increase of $1.07, or 4.2%, compared to the prior quarter and $3.97, or 17.6%, compared to the prior year quarter (unaudited) $000, except per share data