Hawthorn Bancshares, Inc. (OQ:HWBK)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 132 East High Street JEFFERSON CITY MO 65101 |
| Tel: | 1-573-7616100 |
| Website: | https://www.hawthornbancshares.com/overview/corporate-profile/default.aspx |
| IR: | See website |
| Key People | ||
| David T. Turner Chairman, Executive Director | Gregg A. Bexten President, Director | Brent M. Giles Chief Executive Officer, Director |
| Kathleen L. Bruegenhemke Senior Vice President, Secretary, Chief Operations Officer, Chief Risk Officer and Director | Christopher Hafner Chief Human Resource Officer, Senior Vice President | |
| Business Overview |
| Hawthorn Bancshares, Inc. is a bank holding company. The Company's activities are limited to ownership, indirectly through its subsidiary, Union State Bancshares, Inc. (Union), of the outstanding capital stock of Hawthorn Bank (the Bank). The Bank is a full-service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services, including commercial and industrial loans, single payment personal loans, installment loans and commercial and residential real estate loans. In addition, the Bank provides trust and brokerage services. The Bank has approximately 21 banking offices. Its subsidiaries include Jefferson City IHC, LLC, Hawthorn Real Estate, LLC, HB Realty, LLC, Exchange National Statutory Trust I, Exchange National Statutory Trust II and Hawthorn Risk Management, Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hawthorn Bancshares, Inc. interest income increased 33% to $92M. Net interest income after loan loss provision decreased 5% to $56.8M. Net income decreased 95% to $956K. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 7% to 3.29%, Net Interest Spread - Total - % decrease of 20% to 2.62%, Interest Inc on Collateralized Financing decrease of 67% to $2K. |
| Employees: | 270 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $172.47M as of Dec 31, 2023 |
| Annual revenue (TTM): | $91.97M as of Dec 31, 2023 |
| EBITDA (TTM): | $9.57M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.96M as of Dec 31, 2023 |
| Free cash flow (TTM): | $10.86M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $33.81M as of Dec 31, 2023 |
| Shares outstanding: | 7,020,548 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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