Hawthorn Bancshares reports Q3 EPS 66c vs. 36c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
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Book Value Increase: Book value per share rose by $4.09 to $20.91, marking a 24% increase compared to the same quarter last year.
CEO's Remarks: CEO Brent Giles expressed satisfaction with the company's strategic progress and financial results, highlighting reduced overhead expenses and increased fee income.
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Analyst Views on HWBK
About HWBK
Hawthorn Bancshares, Inc. is a bank holding company. The Company's activities are limited to ownership, indirectly, through its subsidiary, Union State Bancshares, Inc. (Union), of the outstanding capital stock of Hawthorn Bank (the Bank). The Bank is a full-service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services, including commercial and industrial loans, single payment personal loans, installment loans and commercial and residential real estate loans. In addition, the Bank provides trust and brokerage services. The Bank has approximately 18 banking offices. Its subsidiaries include Jefferson City IHC, LLC, Hawthorn Real Estate, LLC, HB Realty, LLC, Exchange National Statutory Trust I, Exchange National Statutory Trust II and Hawthorn Risk Management, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hawthorn Bancshares Reports Increased Q4 Profit
- Profit Growth: Hawthorn Bancshares reported a fourth-quarter profit of $6.19 million, or $0.90 per share, marking a significant increase from last year's $4.60 million and $0.66 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 12.2% in the fourth quarter to $21.17 million, up from $18.87 million last year, reflecting strong business expansion and increased market demand.
- Financial Health: With sustained revenue growth and improved profitability, Hawthorn Bancshares demonstrates robust financial health, laying a solid foundation for future investments and expansion.
- Market Confidence Boost: The dual growth in profit and revenue is likely to enhance investor confidence in Hawthorn Bancshares, potentially attracting more investor interest in its stock performance.
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Hawthorn Bancshares Reports Strong Q4 Earnings
- Earnings Performance: Hawthorn Bancshares reported a GAAP EPS of $0.90 for Q4, demonstrating stability in profitability, which is crucial for maintaining investor confidence amid market fluctuations.
- Revenue Growth: The company achieved revenue of $21.16 million in Q4, indicating positive progress in business expansion and customer base, thereby enhancing its competitive position in the banking sector.
- Attractiveness Analysis: Despite an increase in share price, Seeking Alpha's quantitative rating still considers Hawthorn Bancshares attractive, reflecting investor confidence in its future growth potential, which may draw more investor interest.
- Dividend Performance: The dividend scorecard for Hawthorn Bancshares indicates stability in its dividend offerings, further enhancing its appeal as an income investment choice, especially in the current economic climate.
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