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HWBK — Hawthorn Bancshares News Story

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Hawthorn Bancshares' Q3 net income rises on loan growth

Overview

Hawthorn Bancshares Q3 net income rises 34.1% yr/yr to $6.1 mln

EPS for Q3 improves 33% yr/yr to $0.88

Net interest margin improves to 3.97% from 3.36% yr/yr

Outlook

Hawthorn Bancshares did not provide specific future financial guidance

Result Drivers

LOAN GROWTH - Loans increased by $51.1 mln, or 3.5%, driven by expansion of customer relationships and attracting new customers

MARGIN EXPANSION - Net interest margin improved to 3.97% due to higher rates on earning assets and lower deposit costs

CREDIT QUALITY - Strong credit quality with non-performing assets to total loans improving to 0.48% from 0.58% in the prior year quarter

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.88
Q3 Net Income$6.13 mln
Q3 Net Interest Income$16.9 mln
Q3 Dividend$0.20
Q3 Net Interest Margin3.97%
Press Release: ID:nGNX4yz8Q4 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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