Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 131 MAIN ST HILLS IA 52235 |
Tel: | N/A |
Website: | https://www.hillsbank.com |
IR: | See website |
Key People | ||
Dwight O. Seegmiller President, Chief Executive Officer, Director | Anthony V. Roetlin Chief Financial Officer, Senior Vice President, Treasurer |
Business Overview |
Hills Bancorporation is a holding company. The Company, through its subsidiary bank, Hills Bank and Trust Company (the Bank), is engaged in the business of banking. The Bank is a full-service commercial bank extending its services to individuals, businesses, governmental units and institutional customers. The Bank is actively engaged in all areas of commercial banking, including acceptance of demand, savings and time deposits; making commercial, real estate, agricultural and consumer loans; maintaining night and safe deposit facilities; and performing collection, exchange and other banking services tailored for individual customers. The Bank administers estates, personal trusts, and pension plans and provides farm management, investment advisory and custodial services for individuals, corporations and nonprofit organizations. It offers residential, commercial and agricultural real estate loans. The Bank offers consumer loans, including personal loans and automobile loans. |
Financial Overview |
For the fiscal year ended 31 December 2023, Hills Bancorporation interest income increased 30% to $170.9M. Net interest income after loan loss provision decreased 10% to $98.3M. Net income decreased 20% to $38.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 5% to 2.86%, Net Interest Spread, Total - % decrease of 17% to 2.37%. |
Employees: | 474 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $543.70M as of Dec 31, 2023 |
Annual revenue (TTM): | $170.92M as of Dec 31, 2023 |
EBITDA (TTM): | $67.43M as of Dec 31, 2023 |
Net annual income (TTM): | $38.18M as of Dec 31, 2023 |
Free cash flow (TTM): | $40.13M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 9,104,659 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |