Hawthorn Bancshares corrects sale-leaseback error, cuts Q1 net income by $1.1M

HAWTHORN BANCSHARES, INC.

Correction of sale-leaseback accounting error reduces Q1 net income by $1.1M and diluted EPS by $0.15.
Proceeds of $1.9M from property sale reclassified as financing obligation; gain recognition deferred.
Revised Q1 net income $5.7M ($0.83 diluted EPS) vs. originally higher preliminary results.
Company will re-evaluate transaction for sale-leaseback accounting as contractual obligations are resolved.
Q1 net interest margin FTE 4.07%; loans decreased 2.2% from prior quarter to $1.45B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HAWTHORN BANCSHARES, INC. reported quarter ended March 31, 2026 results: net income $5.7 million, EPS $0.83.

Period: quarter ended March 31, 2026
Net income: $5.7 million
EPS: $0.83
Result: reported results

Exact text from the filing

Hawthorn Bancshares Reports First Quarter 2026 Results Jefferson City, MO — April 29, 2026 — Hawthorn Bancshares, Inc. (NASDAQ: HWBK) , (the “Company”), the bank holding company for Hawthorn Bank, reported first quarter 2026 net income of $5.7 million, or earnings per diluted share (“EPS”) of $0.83.

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Source: SEC EDGAR

accession 0000893847-26-000061

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