earnings
confidence high
sentiment negative
materiality 0.65
Hawthorn Bancshares Q2 net income $4.5M, EPS $0.66; NIM expands to 3.64%
HAWTHORN BANCSHARES, INC.
2022-Q2 EPS reported
$1.63
- Net income $4.5M ($0.66 diluted EPS) vs $6.6M ($0.97) in Q1 and $4.9M ($0.71) in Q2 2021.
- Net interest margin (FTE) rose to 3.64% from 3.50% linked quarter; net interest income $14.6M.
- Loans held for investment grew 7.0% sequentially to $1.43B; deposits up 5.1% to $1.53B.
- Provision for loan losses was $1.2M in Q2 vs negative $2.5M in Q1; allowance to loans 1.08%.
- Quarterly dividend of $0.17/share declared, payable Oct 1 to holders of record Sep 15.