Hawthorn Bancshares, Inc. (HWBK) 10-Year Financial Performance & Capital Metrics

HWBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutHawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides commercial and personal banking services. It accepts checking, savings, money market, individual retirement, and other time deposit accounts; and certificates of deposit. The company also offers commercial and industrial, single payment personal, installment, commercial and residential real estate, and consumer loans, as well as equipment, operating, and small business administration loans; and debit and credit cards. In addition, it provides trust services that include estate planning, investment, and asset management services; and cash management, safety deposit box, brokerage, and Internet banking services. The company operates through 23 banking offices in Missouri communities, Jefferson City, Columbia, Clinton, Warsaw, Springfield, St. Louis, and the greater Kansas City metropolitan area. Hawthorn Bancshares, Inc. was founded in 1865 and is headquartered in Jefferson City, Missouri.Show more

Net Interest Income $58M -1.1%
Total Revenue $110M +24.7%
Net Income $18M +1809.6%
Return on Equity 12.78% +1661.7%
Net Interest Margin 3.18% +1.6%
Efficiency Ratio 45.16% -24.1%
ROA 0.99% +1861.6%
Equity / Assets 8.19% +12.9%
Book Value per Share 21.36 +10.5%
Tangible BV/Share 21.36 +11.9%
Debt/Equity 0.89 -23.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 45.2% efficiency ratio
✓13 consecutive years of dividend growth
✓Healthy dividend yield of 2.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.49%

5Y8.5%

3Y10.45%

TTM-

Profit (Net Income) CAGR

10Y9.08%

5Y2.53%

3Y-6.75%

TTM257.35%

EPS CAGR

10Y9.33%

5Y3.57%

3Y-6.08%

TTM261.36%

ROCE

10Y Avg6.03%

5Y Avg6.37%

3Y Avg5.46%

Latest7.52%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	40.54M	40.26M	42.77M	44.38M	48.47M	52.92M	58.24M	58.49M	58.7M	58.03M
NII Growth %	0.03%	-0.01%	0.06%	0.04%	0.09%	0.09%	0.1%	0%	0%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	45.54M	45.92M	50.78M	57.56M	63.7M	62.64M	64.15M	68.99M	91.53M	94.79M
Interest Expense	5M	5.66M	8.01M	13.19M	15.23M	9.72M	5.91M	10.49M	32.83M	36.76M
Loan Loss Provision	250K	1.43M	1.76M	1.48M	1.15M	5.8M	-1.7M	-900K	2.34M	1.03M
Non-Interest Income+	9.38M	9.01M	9.11M	9.81M	9.24M	15.38M	17.24M	14.23M	-3.57M	14.88M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	54.92M	54.93M	59.89M	67.38M	72.94M	78.02M	81.39M	83.22M	87.96M	109.67M
Revenue Growth %	0.03%	0%	0.09%	0.12%	0.08%	0.07%	0.04%	0.02%	0.06%	0.25%
Non-Interest Expense	36.49M	36.81M	38.8M	40.33M	36.62M	45.02M	48.97M	48.54M	52.36M	49.52M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.18M	11.03M	11.32M	12.38M	19.94M	17.48M	28.21M	25.09M	432K	22.36M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.13%	-0.16%	0.03%	0.09%	0.61%	-0.12%	0.61%	-0.11%	-0.98%	50.75%
Pretax Income+	13.18M	11.03M	11.32M	12.38M	19.94M	17.48M	28.21M	25.09M	432K	22.36M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.58M	3.75M	7.9M	1.67M	3.82M	3.18M	5.7M	4.34M	-524K	4.1M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.6M	7.28M	3.41M	10.71M	16.11M	14.29M	22.52M	20.75M	956K	18.26M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.12%	-0.15%	-0.53%	2.14%	0.5%	-0.11%	0.58%	-0.08%	-0.95%	18.1%
Net Income (Continuing)	8.6M	7.28M	3.41M	10.71M	16.11M	14.29M	22.52M	20.75M	956K	18.26M
EPS (Diluted)+	1.15	0.98	0.46	1.46	2.19	1.96	3.15	2.94	0.14	2.61
EPS Growth %	0.07%	-0.15%	-0.53%	2.17%	0.5%	-0.11%	0.61%	-0.07%	-0.95%	17.64%
EPS (Basic)	1.15	0.98	0.46	1.46	2.19	1.96	3.15	2.94	0.14	2.61
Diluted Shares Outstanding	7.45M	7.42M	7.38M	7.34M	7.34M	7.29M	7.16M	7.06M	7.04M	7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.48M	26.59M	26.79M	35.93M	33.44M	28.61M	157.98M	86.63M	93.45M	51.99M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.1B	1.18B	1.29B	1.35B	1.33B	1.47B	1.6B	1.76B	1.71B	1.66B
Investments Growth %	0.04%	0.08%	0.09%	0.05%	-0.02%	0.11%	0.09%	0.1%	-0.03%	-0.03%
Long-Term Investments	861.11M	968.78M	1.06B	1.14B	1.16B	1.27B	1.29B	1.51B	1.52B	1.44B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.85M	2.58M	2.71M	2.93M	2.48M	2.44M	2.66M	2.9M	1.74M	0
PP&E (Net)	36.39M	35.52M	34.81M	34.89M	35.39M	34.56M	32.72M	32.86M	32.05M	31.17M
Other Assets	40.18M	33.88M	70.51M	48.42M	83.17M	189.31M	33.01M	36M	31.2M	79.03M
Total Current Assets	260.39M	246.28M	263.44M	260.3M	215.01M	233.28M	475.47M	345.33M	290.85M	270.65M
Total Non-Current Assets	940.53M	1.04B	1.17B	1.22B	1.28B	1.5B	1.36B	1.58B	1.58B	1.55B
Total Assets+	1.2B	1.29B	1.43B	1.48B	1.49B	1.73B	1.83B	1.92B	1.88B	1.83B
Asset Growth %	0.03%	0.07%	0.11%	0.04%	0.01%	0.16%	0.06%	0.05%	-0.03%	-0.03%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%
Accounts Payable	382K	498K	554K	1.03M	1.14M	837K	282K	902K	1.77M	0
Total Debt+	156.32M	173.89M	198.43M	169.29M	175.9M	203.45M	152.57M	154.21M	157.7M	132.69M
Net Debt	135.84M	147.3M	171.64M	133.35M	142.46M	174.84M	-5.41M	67.58M	64.25M	80.69M
Long-Term Debt	99.49M	142.88M	170.87M	144.64M	146.41M	156.16M	126.9M	147.49M	156.49M	131.01M
Short-Term Debt	56.83M	31.02M	27.56M	24.65M	27.27M	45.15M	23.83M	5.19M	0	0
Other Liabilities	9.74M	10.97M	13.05M	13.48M	14.37M	15.25M	12.92M	8.94M	8.95M	9.77M
Total Current Liabilities	1B	1.04B	1.15B	1.22B	1.21B	1.43B	1.54B	1.64B	1.57B	1.53B
Total Non-Current Liabilities	109.22M	153.85M	183.92M	158.12M	163M	173.54M	141.66M	157.96M	166.65M	142.46M
Total Liabilities	1.11B	1.2B	1.34B	1.38B	1.38B	1.6B	1.68B	1.8B	1.74B	1.68B
Total Equity+	87.29M	91.02M	91.37M	99.41M	115.04M	130.59M	148.96M	127.41M	136.09M	149.55M
Equity Growth %	0.08%	0.04%	0%	0.09%	0.16%	0.14%	0.14%	-0.14%	0.07%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.08%	0.04%	0.11%	0.15%	0.12%	0.16%	0.15%	0.01%	0.13%
Book Value per Share	11.72	12.27	12.39	13.55	15.67	17.93	20.81	18.04	19.33	21.36
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	5.61M	5.82M	6.05M	6.28M	6.52M	6.77M	7.02M	7.28M	7.55M	7.55M
Additional Paid-in Capital	38.55M	41.5M	45.44M	50.17M	55.73M	59.31M	64.44M	71.04M	76.82M	76.86M
Retained Earnings	48.7M	51.67M	50.59M	54.1M	61.59M	68.94M	82.3M	91.79M	76.46M	89.54M
Accumulated OCI	-2.02M	-3.8M	-5.66M	-6.1M	-3.75M	1.53M	3.29M	-31.71M	-13.76M	-12.44M
Treasury Stock	-3.55M	-4.17M	-5.05M	-5.04M	-5.04M	-5.95M	-8.1M	-10.99M	-10.99M	-11.96M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.34M	13.53M	12.48M	16.3M	19.38M	21.02M	30.21M	20.28M	17.61M	25.59M
Operating CF Growth %	-0.02%	0.01%	-0.08%	0.31%	0.19%	0.08%	0.44%	-0.33%	-0.13%	0.45%
Net Income	8.6M	7.28M	3.41M	10.71M	16.11M	14.29M	22.52M	20.75M	956K	18.26M
Depreciation & Amortization	1.81M	1.78M	1.74M	1.8M	2.06M	2.27M	2.28M	2.14M	2.11M	1.65M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	271K	4.02M	3.57M	2.38M	1.26M	3.14M	3.55M	1.4M	17.06M	6.77M
Working Capital Changes	2.65M	429K	3.76M	1.41M	-57K	1.32M	1.86M	-4.01M	-2.56M	-1.26M
Cash from Investing+	-50.23M	-94.23M	-112.92M	-78.57M	16.27M	-139.56M	-127.53M	-206.53M	54.19M	1.25M
Purchase of Investments	-102.37M	-113.36M	-64.61M	-103.08M	-31.11M	-100.21M	-178.58M	-21.28M	-29.51M	-57.25M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	-6.7M	0	0	0	0	0
Other Investing	-10.69M	-110.05M	-97.93M	-86.61M	-20.89M	-117.62M	-8.69M	-215.88M	-13.1M	38.7M
Cash from Financing+	22.46M	79.32M	137.33M	41.48M	389K	220.79M	76.87M	110.07M	-62.07M	-69.3M
Dividends Paid	-1.06M	-1.1M	-1.47M	-1.99M	-2.68M	-3.03M	-3.62M	-4.24M	-4.65M	-5.05M
Share Repurchases	-33K	-623K	-878K	-179K	0	-906K	-2.15M	-2.89M	0	-1.12M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	16.55M	38.14M	111.2M	69.88M	1.31M	214.97M	111.89M	96.62M	-66.42M	-37.66M
Net Change in Cash+	-14.43M	-1.38M	36.88M	-20.8M	36.04M	102.24M	-20.45M	-76.19M	9.73M	-42.46M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	41.81M	27.38M	26M	62.88M	42.08M	78.12M	180.36M	159.91M	83.72M	93.45M
Cash at End	27.38M	26M	62.88M	42.08M	78.12M	180.36M	159.91M	83.72M	93.45M	50.99M
Interest Paid	4.99M	5.55M	7.95M	12.72M	15.15M	10.02M	6.46M	9.92M	32.06M	36.89M
Income Taxes Paid	3.51M	3.76M	3.98M	241K	3.62M	2.31M	4.73M	4.31M	1.93M	2.6M
Free Cash Flow+	12.47M	12.27M	11.21M	13.98M	17.21M	19.19M	29.62M	17.71M	15.51M	22.59M
FCF Growth %	0.02%	-0.02%	-0.09%	0.25%	0.23%	0.11%	0.54%	-0.4%	-0.12%	0.46%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.25%	8.17%	3.74%	11.23%	15.03%	11.64%	16.11%	15.02%	0.73%	12.78%
Return on Assets (ROA)	0.73%	0.59%	0.25%	0.74%	1.08%	0.89%	1.26%	1.11%	0.05%	0.99%
Net Interest Margin	3.38%	3.13%	2.99%	2.99%	3.25%	3.05%	3.18%	3.04%	3.13%	3.18%
Efficiency Ratio	66.45%	67.01%	64.79%	59.86%	50.21%	57.71%	60.16%	58.32%	59.53%	45.16%
Equity / Assets	7.27%	7.07%	6.39%	6.71%	7.71%	7.53%	8.13%	6.62%	7.26%	8.19%
Book Value / Share	11.72	12.27	12.39	13.55	15.67	17.93	20.81	18.04	19.33	21.36
NII Growth	2.96%	-0.71%	6.25%	3.75%	9.22%	9.19%	10.06%	0.43%	0.36%	-1.14%
Dividend Payout	12.3%	15.06%	43.18%	18.6%	16.66%	21.2%	16.06%	20.43%	486.3%	27.65%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Banking	2.75M	3.06M	3.2M	3.96M	4.08M	4.03M	4.1M
Banking Growth	-	11.15%	4.57%	23.65%	3.16%	-1.35%	1.71%
Service	3.74M	3.61M	2.95M	3.09M	3M	2.94M	3.3M
Service Growth	-	-3.35%	-18.19%	4.74%	-2.97%	-2.00%	12.20%
Fiduciary and Trust	-	-	-	1.32M	1.18M	1.09M	1.73M
Fiduciary and Trust Growth	-	-	-	-	-10.57%	-7.94%	58.53%
Bank Servicing	794K	39K	-49K	580K	1M	-584K	33K
Bank Servicing Growth	-	-95.09%	-225.64%	1283.67%	73.10%	-158.17%	105.65%
Fiduciary And Trust	1.17M	1.24M	1.19M	-	-	-	-
Fiduciary And Trust Growth	-	6.09%	-4.20%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Hawthorn Bancshares, Inc. (HWBK) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hawthorn Bancshares, Inc. (HWBK) grew revenue by 24.7% over the past year. This is strong growth.

Yes, Hawthorn Bancshares, Inc. (HWBK) is profitable, generating $22.2M in net income for fiscal year 2024 (16.6% net margin).

Dividend & Returns

Yes, Hawthorn Bancshares, Inc. (HWBK) pays a dividend with a yield of 2.21%. This makes it attractive for income-focused investors.

Hawthorn Bancshares, Inc. (HWBK) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Industry Metrics

Hawthorn Bancshares, Inc. (HWBK) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

Hawthorn Bancshares, Inc. (HWBK) has an efficiency ratio of 45.2%. This is excellent, indicating strong cost control.

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