Hawthorn Bancshares Shows Strong Q3 2024 Growth

Hawthorn Bancshares ( (HWBK) ) has released its Q3 earnings. Here is a breakdown of the information Hawthorn Bancshares presented to its investors.

Hawthorn Bancshares, Inc., headquartered in Jefferson City, Missouri, operates as a bank holding company for Hawthorn Bank, serving customers across various Missouri locations for over 150 years. The company recently reported a significant improvement in its third-quarter 2024 financial results, showing a net income of $4.6 million, representing a 77% increase from the same period last year. Earnings per diluted share rose by 83% to $0.66, highlighting a robust financial performance compared to the prior year quarter. Key financial metrics revealed an improved net interest margin of 3.36% and a strong return on equity at 12.87%, despite a reduction in loans and deposits compared to the previous quarter. Investments saw a notable increase, and the company maintained a low ratio of non-performing loans, reflecting strong credit quality. Additionally, Hawthorn Bancshares remains well-capitalized, with a total risk-based capital ratio of 14.91%. The company’s strategic focus on core business lines has contributed to reduced overheads and increased fee income. Looking ahead, Hawthorn Bancshares continues to pursue its strategic objectives with an emphasis on maintaining financial stability and growth.