Hills Bancorporation approves 2-for-1 stock split; record date June 1, 2026

HILLS BANCORPORATION

Board has approved a 2-for-1 stock split of common stock, no par value.
Shareholders of record on June 1, 2026 receive one additional share per share held, distributed June 8, 2026.
Authorized shares increase from 20 million to 40 million; equity awards proportionally adjusted with option prices halved.
No shareholder action required; shares issued in book-entry form via Computershare.
Articles of Amendment to be filed with Iowa Secretary of State.

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