earnings
confidence high
sentiment positive
materiality 0.75
Hawthorn Q1 net income $6.6M ($1.00 EPS); cash dividend raised to $0.17, special 4% stock dividend
HAWTHORN BANCSHARES, INC.
2022-Q1 EPS reported
$1.00
- Q1 net income $6.6M, up 10.3% vs linked Q4 2021; EPS $1.00 vs $0.90 linked quarter and $0.88 year ago.
- Net interest margin (FTE) 3.50%, down from 3.67% linked quarter; loans (ex-PPP) up 2.9% linked quarter.
- Non-performing loans fell to $17.1M (1.28% of loans) from $25.5M; negative provision for credit losses $2.5M.
- Quarterly cash dividend increased 13.3% to $0.17/share; special 4% stock dividend declared; both payable July 1.
- Regulatory capital remains well-capitalized: Tier 1 leverage 10.99%, total risk-based capital 14.66%.