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Financials · HWBK

Hawthorn Bancshares Inc. (HWBK) financials

For the twelve months ended Sep 30, 2026, Hawthorn Bancshares Inc. reported $87.00M of revenue and $26.32M of net income.

Revenue, TTM
$87.00M
Revenue growth, YoY
+11.7%
Net income, TTM
$26.32M
Net income growth, YoY
+18.5%
Net margin
30.2%
Free cash flow, TTM
$26.50M
EPS, diluted, TTM
$3.80
EPS growth, YoY
+19.1%
Cash
$33.76M
P/E
10.91
P/S
3.30
Market cap
$287.1M
Annual revenue$80.19M
FY2016FY2025
Annual net income$23.80M
FY2016FY2025
Annual free cash flow$22.84M
FY2016FY2025

HWBK revenue and earnings growth

HWBK revenueQ3 2026$22.99M

Quarter YoY
+11.7%
QoQ
+1.6%
FY YoY
+10.0%
5Y CAGR
+3.3%
10Y CAGR
+4.9%

HWBK revenue was $22.99M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.7% from a year earlier and up 1.6% from the prior quarter. For the full fiscal 2025 it was $80.19M, up 10.0% from fiscal 2024. Compound annual growth was +3.3% over 5 years and +4.9% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

HWBK net incomeQ3 2026$7.06M

Quarter YoY
+15.2%
QoQ
-3.6%
FY YoY
+30.4%
5Y CAGR
+10.7%
10Y CAGR
+10.7%

HWBK net income was $7.06M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.2% from a year earlier and down 3.6% from the prior quarter. For the full fiscal 2025 it was $23.80M, up 30.4% from fiscal 2024. Compound annual growth was +10.7% over 5 years and +10.7% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

HWBK EPSQ3 2026$1.01

Quarter YoY
+14.8%
QoQ
-4.7%
FY YoY
+31.4%
5Y CAGR
+11.0%
10Y CAGR
+8.9%

HWBK diluted EPS was $1.01 in fiscal Q3 2026 (ended Sep 30, 2026), up 14.8% from a year earlier and down 4.7% from the prior quarter. For the full fiscal 2025 it was $3.43, up 31.4% from fiscal 2024. Compound annual growth was +11.0% over 5 years and +8.9% over 10 years.

HWBK free cash flowQ3 2026-$2.15M

FY YoY
+1.1%
5Y CAGR
+3.5%
10Y CAGR
+6.2%

HWBK free cash flow was -$2.15M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$734.0K a year earlier. For the full fiscal 2025 it was $22.84M, up 1.1% from fiscal 2024. Compound annual growth was +3.5% over 5 years and +6.2% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$80.19M$72.91M$66.68M$72.74M$75.33M$68.24M$57.75M$53.93M$51.88M$48.66M
Interest expense--$32.83M$10.49M$5.91M$9.72M$15.23M$13.19M$8.01M$5.66M
Pre-tax income$29.10M$22.36M$432.0K$25.09M$28.21M$17.48M$19.94M$12.38M$11.32M$11.03M
Income tax$5.30M$4.10M-$524.0K$4.34M$5.70M$3.18M$3.82M$1.67M$7.90M$3.75M
Net income$23.80M$18.26M$956.0K$20.75M$22.52M$14.29M$16.11M$10.71M$3.41M$7.28M
EPS, basic$3.44$2.61$0.14$2.94$3.15$2.04$2.38$1.64$0.54$1.19
EPS, diluted$3.43$2.61$0.14$2.94$3.15$2.04$2.38$1.64$0.54$1.19
Diluted shares6.9M7.0M7.0M7.1M7.1M6.5M6.5M6.5M6.3M6.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$104.31M$50.99M$93.45M$83.72M$159.91M$180.36M$78.12M$42.08M$62.88M$26.00M
Total assets$1.89B$1.83B$1.88B$1.92B$1.83B$1.73B$1.49B$1.48B$1.43B$1.29B
Short-term debt--$0$5.19M$23.83M$45.15M$27.27M$24.65M$27.56M$31.02M
Total liabilities$1.72B$1.68B$1.74B$1.80B$1.68B$1.60B$1.38B$1.38B$1.34B$1.20B
Shareholders' equity$174.23M$149.55M$136.09M$127.41M$148.96M$130.59M$115.04M$99.41M$91.37M$91.02M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$26.92M$25.59M$17.61M$20.28M$30.21M$21.02M$19.38M$16.30M$12.48M$13.53M
Capital expenditures$4.08M$3.00M$2.10M$2.57M$591.0K$1.83M$2.17M$2.33M$1.27M$1.26M
Free cash flow$22.84M$22.59M$15.51M$17.71M$29.62M$19.19M$17.21M$13.98M$11.21M$12.27M
Investing cash flow-$6.86M$1.25M$54.19M-$206.53M-$127.53M-$139.56M$16.27M-$78.57M-$112.92M-$94.23M
Financing cash flow$33.26M-$69.30M-$62.07M$110.07M$76.87M$220.79M$389.0K$41.48M$137.33M$79.32M
Dividends paid$5.43M$5.05M$4.65M$4.24M$3.62M$3.03M$2.68M$1.99M$1.47M$1.10M
Share repurchases$2.86M$1.12M$0$2.89M$2.15M$906.0K$0$179.0K$878.0K$623.0K
Stock-based compensation$392.0K$184.0K$42.0K$0$0--$0$3.0K$17.0K
Depreciation and amortization$2.33M$1.72M$2.21M$2.30M------

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY10.0%9.4%-8.3%-3.4%10.4%18.2%7.1%4.0%6.6%-2.5%
Net income growth, YoY30.4%1809.6%-95.4%-7.8%57.5%-11.3%50.4%213.8%-53.1%-15.3%
EPS growth, YoY31.4%1764.3%-95.2%-6.7%54.4%-14.3%45.1%203.7%-54.6%-18.5%
Net margin29.7%25.0%1.4%28.5%29.9%20.9%27.9%19.9%6.6%15.0%
Free cash flow margin28.5%31.0%23.3%24.4%39.3%28.1%29.8%25.9%21.6%25.2%
Return on equity13.7%12.2%0.7%16.3%15.1%10.9%14.0%10.8%3.7%8.0%
Return on assets1.3%1.0%0.1%1.1%1.2%0.8%1.1%0.7%0.2%0.6%

Source: XBRL data Hawthorn Bancshares Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HWBK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HWBK$87.00M+11.7%$26.32M30.2%$287.1M
JPM$203.15B+13.2%$65.98B32.5%$908.40B
BAC$120.16B+5.4%$32.24B26.8%$349.70B
WFC$87.23B+5.4%$22.97B26.3%$257.44B
C$85.22B+5.6%$14.31B16.8%$202.38B
UBS$49.57B+2.0%$7.80B15.7%$152.60B
MFG¥8.79T+7.6%¥1.16T13.2%$123.62B
COF$63.01B+31.2%$10.87B17.2%$117.80B
BNSC$37.74B+12.1%C$7.79B20.6%$113.63B

HWBK FAQ

8 questions
  • What is HWBK revenue?
    Hawthorn Bancshares Inc. (HWBK) reported $87.00M of revenue for the twelve months ended Sep 30, 2026. That is up 11.7% from the year before. Revenue for fiscal 2025 was $80.19M.
  • Is HWBK profitable?
    Yes. Hawthorn Bancshares Inc. earned $26.32M in net income for the twelve months ended Sep 30, 2026, a net margin of 30.2%.
  • How much cash and debt does HWBK have?
    Hawthorn Bancshares Inc. reported $33.76M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is HWBK revenue growing?
    Hawthorn Bancshares Inc.'s revenue changed +10.0% in fiscal 2025, to $80.19M. Its compound annual growth rate was +3.3% over 5 years and +4.9% over 10 years.
  • What is HWBK free cash flow?
    Hawthorn Bancshares Inc. generated $26.50M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $31.47M less capital expenditures.
  • What is HWBK earnings per share?
    Diluted earnings per share were $3.80 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did HWBK last report financial results?
    The latest statements here come from Hawthorn Bancshares Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this HWBK financial data come from?
    Quantisnow builds these statements from the structured XBRL data Hawthorn Bancshares Inc. files with the SEC. It is provided for information only and is not investment advice.