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HWBK

Hawthorn Bancshares, Inc.

HWBK

Hawthorn Bancshares, Inc. • NASDAQ
$34.00 ▲ 1.34% (+0.45)
Market Cap $234.52 M
52w High $35.95
52w Low $25.21
Dividend Yield 0.78%
P/E 10.66
Volume 4.92K
Outstanding Shares 6.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $28.824M ▲ $12.821M ▲ $6.132M ▲ 21.274% ▼ $0.88 ▲ $8.031M ▼
Q2-2025 $27.456M ▲ $12.269M ▼ $6.101M ▲ 22.221% ▲ $0.87 ▲ $8.073M ▲
Q1-2025 $26.919M ▼ $12.499M ▼ $5.383M ▲ 19.997% ▲ $0.77 ▲ $7.131M ▲
Q4-2024 $27.449M ▼ $12.921M ▲ $4.597M ▲ 16.747% ▲ $0.66 ▲ $5.887M ▼
Q3-2024 $27.61M $11.994M $4.574M 16.566% $0.65 $6.112M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $234.318M ▲ $1.932B ▲ $1.767B ▲ $164.938M ▲
Q2-2025 $233.294M ▼ $1.877B ▼ $1.721B ▼ $156.823M ▲
Q1-2025 $234.058M ▼ $1.883B ▲ $1.73B ▲ $153.411M ▲
Q4-2024 $270.646M ▲ $1.825B ▲ $1.676B ▲ $149.547M ▲
Q3-2024 $258.516M $1.81B $1.663B $146.474M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.132M ▲ $288K ▼ $-43.928M ▼ $43.221M ▲ $-419K ▲ $-734K ▼
Q2-2025 $6.101M ▲ $5.757M ▲ $5.291M ▲ $-13.012M ▼ $-1.964M ▼ $5.105M ▼
Q1-2025 $5.383M ▲ $5.734M ▲ $-5.983M ▲ $51.513M ▲ $51.264M ▲ $5.462M ▲
Q4-2024 $4.597M ▲ $1.936M ▼ $-18.504M ▼ $13.338M ▲ $-3.23M ▲ $1.004M ▼
Q3-2024 $4.574M $9.12M $20.012M $-50.75M $-21.618M $8.13M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Banking
Banking
 $0 ▲$0 ▲$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Bank Servicing
Bank Servicing
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Hawthorn Bancshares shows a classic community bank profile: revenue has grown gradually over the last few years, but profit margins have moved around more. After a softer year where earnings were close to flat, profitability has bounced back, suggesting management adjusted to a tougher interest-rate environment. Overall, the bank appears capable of generating steady, if not spectacular, earnings, but results remain sensitive to credit quality and funding costs, as is typical for regional banks.

Balance Sheet

Balance Sheet The balance sheet looks fairly steady, with total assets fluctuating within a relatively tight range over the last five years. Equity has inched upward, indicating gradual strengthening of the capital base, while debt levels have eased slightly from earlier peaks. Cash levels move up and down with funding and loan demand, but do not show signs of stress. In simple terms, Hawthorn appears conservatively structured: not overextended, but still reliant on careful risk management in its loan book and deposit base.

Cash Flow

Cash Flow Cash generation has been positive and reasonably consistent. Operating cash flow has covered the bank’s needs, and because this is a financial institution with modest physical investment requirements, there is little in the way of heavy capital spending. Free cash flow therefore tends to track operating cash flow closely. This pattern points to a business that throws off dependable cash, though that dependability still depends heavily on loan performance and the broader economic cycle.

Competitive Edge

Competitive Edge Hawthorn operates as a regional, relationship-focused bank in Missouri, leaning on long-standing community roots and local decision-making. Its edge comes from close ties to small and mid-sized businesses, personalized service, and knowledge of local markets—areas where large national banks can be less nimble. The bank also offers wealth management and treasury services, which deepen client relationships and add fee income. At the same time, it faces the usual pressures: intense competition from bigger banks and credit unions, rising expectations for digital convenience, and geographic concentration risk in its core markets.

Innovation and R&D

Innovation and R&D While not a tech disruptor, Hawthorn is actively modernizing. Its partnership with a fintech provider for digital loan origination is a meaningful step toward faster, more efficient lending, especially for business clients. The bank offers a solid suite of digital tools—mobile banking, online account opening, and cash management for businesses—that keep it broadly in line with industry norms. The key challenge is execution: integrating these tools smoothly into its relationship banking model, protecting against cyber risks, and continuing to upgrade digital capabilities without losing the human touch that defines a community bank.

Summary

Hawthorn Bancshares looks like a steady, relationship-driven regional bank that has navigated recent volatility with some bumps but no obvious structural damage. Earnings dipped in a tougher year and then recovered, the balance sheet is conservatively managed, and cash flow has remained consistently positive. Its long history in local markets, focus on small and mid-sized businesses, and added services like wealth and treasury management support a defensible niche. On the other hand, the bank remains exposed to interest-rate swings, local economic conditions, and ongoing investment needs in technology. Future performance will hinge on maintaining credit quality, managing funding costs, and successfully blending digital tools with its traditional community-banking strengths.

NEWS

October 29, 2025 · 5:38 PM UTC

Hawthorn Bancshares Reports Third Quarter 2025 Results

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October 29, 2025 · 5:26 PM UTC

Hawthorn Bancshares Announces Cash Dividend

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