Hawthorn Bancshares Reports Third Quarter 2026 Results
Key Highlights
- ➤Hawthorn Bancshares (HWBK) Q3 net income $7.1 million, up 15.2% YoY
- ➤Adjusted diluted EPS $1.23, up 38.2% from the prior-year quarter
- ➤Net interest margin reached 4.41%, versus 3.97% in the prior-year quarter
- ➤FSC Bancshares acquisition completed for $17.0 million cash and 413,042 shares
- ➤Deposits reached $1.79 billion, up 20.3% from the prior quarter
JEFFERSON CITY, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported third quarter 2026 net income of $7.1 million, or earnings per diluted share (“EPS”) of $1.01.
Third Quarter 2026 Results * Net income improved $0.9 million, or 15.2%, to $7.1 million from the third quarter 2025 (the "prior year quarter"). Adjusted net income((a)) for the third quarter 2026 was $8.6 million. The efficiency ratio was 65.00% compared to 62.30% for the prior year quarter. The adjusted efficiency ratio((a)) for the third quarter 2026 was 55.64%. * EPS of $1.01, an improvement of $0.13 per share, or 15%, from the prior year quarter. Adjusted EPS((a)) for the third quarter 2026 was $1.23, an increase of 38.2% over the prior year quarter. * Net interest margin, fully taxable equivalent ("FTE") improved in the third quarter 2026 to 4.41% compared to 4.16% for the second quarter 2026 (the "prior quarter”) and 3.97% for the prior year quarter * Provision for credit losses was $0.1 million higher than the prior quarter * Return on average assets and equity of 1.48% and 14.91%, respectively. Adjusted return on average assets((a)) and equity((a)) of 1.80% and 18.17%, respectively. * Loans increased $273.8 million, or 19.3%, and deposits increased $302.8 million, or 20.3%, compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc. * Investments increased $41.7 million, or 17.7%, compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc. * Credit quality remained stable with non-performing assets to total loans of 0.59% compared to 0.48% in the prior year quarter * Remained "well capitalized" with total risk-based capital of 14.29% * Book value per share was $27.29, an increase of $0.79, or 3.0%, compared to the prior quarter and $3.53, or 14.9%, compared to the prior year quarter. Tangible book value per common share((a)) was $23.58 for the third quarter 2026.
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