Hawthorn Bancshares ( (HWBK) ) has released its Q4 earnings. Here is a breakdown of the information Hawthorn Bancshares presented to its investors.
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Hawthorn Bancshares, Inc. is a financial holding company based in Jefferson City, Missouri, overseeing Hawthorn Bank, which serves a variety of communities across Missouri, including Kansas City and Springfield.
In its latest financial report, Hawthorn Bancshares announced a net income of $4.6 million for the fourth quarter of 2024 and a total net income of $18.3 million for the year, indicating a substantial rise from the previous year. The company has also received approval to open a new banking center in Overland Park, Kansas.
Key financial highlights include an improvement in the net interest margin to 3.55% in the fourth quarter and a yearly margin of 3.41%. Investments increased significantly by 14.7% over the year, while loans and deposits saw decreases of 4.7% and 2.4%, respectively. The company maintained strong asset quality, with non-performing loans reduced to 0.19% and a well-capitalized status with a total risk-based capital ratio of 14.79%.
Despite some reductions in deposits and loans, Hawthorn Bancshares has decreased its non-interest expenses by 5.4% compared to the previous year, pointing towards a focus on operational efficiency. The company’s strategic decisions and financial performance reflect a positive trajectory.
Looking ahead, Hawthorn Bancshares is optimistic about its growth and operational improvements, as evidenced by its expansion plans and continued focus on enhancing core efficiencies. The company’s management remains committed to leveraging these advancements for future growth opportunities.
