Hawthorn Bancshares Q1 net income $3.3M ($0.48 EPS), down 50% YoY; declares cash & stock dividend

HAWTHORN BANCSHARES, INC.

2023-Q1 EPS reported $0.48

Net income of $3.3M ($0.48 diluted EPS) vs $6.6M ($0.97) in Q1 2022, down 50.5% YoY.
Net interest margin (FTE) compressed to 3.16% from 3.50% a year ago; net interest income $13.9M.
Loans held for investment grew 1.4% linked-quarter to $1.5B; deposits fell 1.5% to $1.6B.
Adopted CECL on Jan 1, 2023, recording $5.6M cumulative reduction to retained earnings; provision for credit losses $0.7M.
Board approved $0.17 quarterly cash dividend and 4% special stock dividend, payable July 1, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HAWTHORN BANCSHARES, INC. reported the three months ended March 31, 2023 results: net income $3.3 million, EPS $0.48 per diluted share.

Period: the three months ended March 31, 2023
Net income: $3.3 million
EPS: $0.48 per diluted share
Result: reported results

Exact text from the filing

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) , (the “Company” or “HWBK”) reported net income of $3.3 million for the for the first quarter 2023, a decrease of $1.5 million compared to the linked quarter 2022 and a decrease of $3.3 million from the first quarter 2022 (the "prior year quarter"). Earnings per diluted share (“EPS”) was $0.48 for the first quarter 2023 compared to $0.70 and $0.97 for the linked quarter and prior year quarter, respectively.

View on SEC.gov

Browse all earnings releases →

HAWTHORN BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0000893847-23-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.