Hawthorn Q2 net income $2.5M, EPS $0.36 down 44% YoY; loan quality improves, dividend maintained at $0.17

HAWTHORN BANCSHARES, INC.

2023-Q2 EPS reported $0.83

Net income of $2.5M ($0.36 EPS) vs $4.5M ($0.64) a year ago; Q2 includes $1.8M OREO write-down.
Net interest margin (FTE) widened to 3.19% from 3.16% linked quarter; net interest income $14.2M.
Loans held for investment $1.56B (+1.4% QoQ); deposits $1.54B (-4% QoQ) driven by public fund reductions.
Non-performing loans ratio fell to 0.25% from 1.27% linked quarter as $15M loans returned to accruing status.
Board declared $0.17/share quarterly dividend payable Oct 1, record Sep 15; no change from prior rate.

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 and six months ended June 30, 2023 results: net income $2.5 million, EPS $0.36 per diluted share.

Period: the three and six months ended June 30, 2023
Net income: $2.5 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

On July 26, 2023, Hawthorn Bancshares, Inc. issued a press release announcing its financial results for the three and six months ended June 30, 2023.

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HAWTHORN BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0000893847-23-000018

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