Hawthorn Bancshares reports Q4 net loss of $7.4M; full-year EPS $0.14; dividend $0.17

HAWTHORN BANCSHARES, INC.

2023-FY EPS reported $0.14

Q4 2023 net loss $7.4M, diluted EPS -$1.05; full-year net income $1.0M ($0.14 EPS) vs $20.8M ($2.94) in 2022.
Sold $83.7M in investment securities (avg yield 1.57%) for after-tax loss of $9.1M; expects accretive to future earnings.
Provision for credit losses increased $1.5M in Q4 due to downgrade of one commercial loan; non-performing loans to total loans 0.42%.
Deposits down $61.2M (-3.8%) from prior year; loans up $17.9M (+1.2%).
Board approved quarterly cash dividend of $0.17 per share payable April 1, 2024 to holders of record March 15.

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 0.95

HAWTHORN BANCSHARES, INC. reported the fourth quarter ended December 31, 2023 results: net income net loss of $7.4 million, EPS loss per diluted share of $(1.05).

Period: the fourth quarter ended December 31, 2023
Net income: net loss of $7.4 million
EPS: loss per diluted share of $(1.05)
Result: reported results

Exact text from the filing

reported fourth quarter net loss of $7.4 million, or loss per diluted share of $(1.05), and net income of $1.0 million, or earnings per diluted share ("EPS") of $0.14, for the year ended December 31, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HAWTHORN BANCSHARES, INC. reported the year ended December 31, 2023 results: net income net income of $1.0 million, EPS earnings per diluted share ("EPS") of $0.14.

Period: the year ended December 31, 2023
Net income: net income of $1.0 million
EPS: earnings per diluted share ("EPS") of $0.14
Result: reported results

Exact text from the filing

reported fourth quarter net loss of $7.4 million, or loss per diluted share of $(1.05), and net income of $1.0 million, or earnings per diluted share ("EPS") of $0.14, for the year ended December 31, 2023

View on SEC.gov

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Source: SEC EDGAR

accession 0000893847-24-000001

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