---
schema_version: "secwatch.filing_event.v1"
accession: "0000893847-23-000011"
form_type: "8-K"
ticker: "HWBK"
cik: "0000893847"
company_name: "HAWTHORN BANCSHARES, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:54:51.274018+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893847-23-000011
- form_type: 8-K
- ticker: HWBK
- cik: 0000893847
- company_name: HAWTHORN BANCSHARES, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893847/000089384723000011/0000893847-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893847/000089384723000011/hwbk-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893847-23-000011
- JSON: https://secwatch.observer/filing/0000893847-23-000011.json
- Plain text: https://secwatch.observer/filing/0000893847-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000011/0000893847-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.