---
schema_version: "secwatch.filing_event.v1"
accession: "0000893847-24-000001"
form_type: "8-K"
ticker: "HWBK"
cik: "0000893847"
company_name: "HAWTHORN BANCSHARES, INC."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:36:06.537022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000893847-24-000001
- form_type: 8-K
- ticker: HWBK
- cik: 0000893847
- company_name: HAWTHORN BANCSHARES, INC.
- filed_at: 2024-01-30T23:59:59+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/893847/000089384724000001/0000893847-24-000001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893847/000089384724000001/hwbk-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893847-24-000001
- JSON: https://secwatch.observer/filing/0000893847-24-000001.json
- Plain text: https://secwatch.observer/filing/0000893847-24-000001.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384724000001/0000893847-24-000001-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384724000001/0000893847-24-000001-index.htm

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