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
Metric
Beat/Miss
Actual
Consensus 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 Margin
3.97%
Press Release: ID:nGNX4yz8Q4
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(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.)