JEFFERSON CITY

Hawthorn Bancshares Announces Cash Dividend

Retrieved on: 
Wednesday, April 24, 2024

JEFFERSON CITY, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.19 per common share, payable July 1, 2024 to shareholders of record at the close of business on June 15, 2024, which represents an increase of $0.02 per common share from the prior quarter's dividend.

Key Points: 
  • JEFFERSON CITY, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.19 per common share, payable July 1, 2024 to shareholders of record at the close of business on June 15, 2024, which represents an increase of $0.02 per common share from the prior quarter's dividend.

Hawthorn Bancshares Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Sale, Investment, FTE, Acquisition, EPS, Video game

EPS was $0.63 for the first quarter 2024 compared to $(1.05) for the linked quarter, and $0.47 for the prior year quarter.

Key Points: 
  • EPS was $0.63 for the first quarter 2024 compared to $(1.05) for the linked quarter, and $0.47 for the prior year quarter.
  • Net interest income for the first quarter 2024 was $14.7 million, a decrease of $1.1 million from the linked quarter, and an increase of $0.8 million from the prior year quarter.
  • The decrease in yield for the first quarter 2024 compared to the linked quarter was due to interest accreted into income on three loans returning to accruing status in the linked quarter.
  • The average cost of deposits was 2.61%, on an FTE basis, for the first quarter 2024, compared to 2.58% for the linked quarter and 1.91% for the prior year quarter.

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027

Retrieved on: 
Tuesday, April 23, 2024
Investment, Safety, Electricity, Transport, Hitachi, Workforce, Transformers, Energy, Digitalization, Renewable energy

The investments will gradually expand the company’s global transformer capacity by 2027 and are in addition to the $3 billion already announced to progress on the electrification of the energy system driven by the energy transition.

Key Points: 
  • The investments will gradually expand the company’s global transformer capacity by 2027 and are in addition to the $3 billion already announced to progress on the electrification of the energy system driven by the energy transition.
  • Today, the company is also announcing an investment of around $180 million in a new state-of-the-art transformer factory in the Vaasa region, Finland.
  • Hitachi Energy is the world's largest transformer manufacturer in terms of installed base, portfolio range, manufacturing capacity, and market coverage, with over 60 transformer factories and service centers across the world.
  • Hitachi Energy employs over 17,000 people across the globe in its Transformer business and plans to increase its workforce by adding 4,000 new jobs to the industry.

ImmunoTek Plasma Hosts Ribbon Cutting and Open House

Retrieved on: 
Tuesday, April 30, 2024
Biotechnology, General Health, Health, Medical Supplies, Plasma

ImmunoTek Plasma is hosting a ribbon cutting and open house to give people in the Jefferson City area the chance to tour the state-of-the-art facility and learn more about the need for blood-plasma donations.

Key Points: 
  • ImmunoTek Plasma is hosting a ribbon cutting and open house to give people in the Jefferson City area the chance to tour the state-of-the-art facility and learn more about the need for blood-plasma donations.
  • Donated plasma creates many life-saving medicines and plasma-based treatments, and there is a tremendous demand for plasma worldwide.
  • The United States provides two-thirds of the world’s blood plasma.
  • The Jefferson City ImmunoTek Plasma Center will help alleviate the shortage of plasma donations and will have an economic boost of approximately $5 million per year for the Jefferson City community.

New Poll: Overwhelming Voter Support in Missouri for Full Practice Authority for Nurse Practitioners and Advanced Practice Registered Nurses

Retrieved on: 
Monday, March 25, 2024
RN, NPS, Patient, MSN, Nurse practitioner, MONA, Nursing

Jefferson City, Missouri, March 25, 2024 (GLOBE NEWSWIRE) -- New Poll: Overwhelming Voter Support in Missouri for Full Practice Authority

Key Points: 
  • Jefferson City, Missouri, March 25, 2024 (GLOBE NEWSWIRE) -- New Poll: Overwhelming Voter Support in Missouri for Full Practice Authority
    Jefferson City, MO (March 25, 2024) – New research shows a vast majority of Missouri voters support policies that expand access to health care.
  • By large majorities and on a bipartisan basis, voters support Full Practice Authority for Advanced Practice Registered Nurses (APRNs) such as Nurse practitioners.
  • The poll was commissioned by the Missouri Nurses Association (MONA).
  • Conducted by GS Strategy Group, the poll of 600 likely Missouri voters found that majority support expanding the authority of trained professionals like APRNs.

Rate of national measles cases highlights importance of vaccination

Retrieved on: 
Thursday, March 21, 2024
Sneeze, Encephalitis, Head, Measles, Infection, Disease, MMR, Education, Vaccine, Mumps, Rubella, Insurance, Cough, Rash, Mouth, CDC, Vaccination, Safety, Immunodeficiency, Brain damage, Parent, DHSS, Measles vaccine

Nationally, the total number of measles cases has already reached the level that occurred during the entire year of 2023.

Key Points: 
  • Nationally, the total number of measles cases has already reached the level that occurred during the entire year of 2023.
  • Infants as young as 6 months can receive the first dose if traveling to areas where the measles infection rate is high.
  • Herd immunity, achieved through a measles vaccination rate of 95% or more, is crucial for preventing disease outbreaks in the community and protecting vulnerable populations who cannot receive vaccines.
  • The measles vaccine, given as part of the MMR (measles, mumps and rubella) vaccine, is extremely effective, giving those vaccinated with just one dose 93% protection against measles infection.

Not too late to vaccinate

Retrieved on: 
Friday, March 1, 2024
RSV, Education, Pregnancy, Immunodeficiency, Vaccination, Risk, Season, Antibody, IHS, Vaccine, Vaccine-preventable diseases, Safety, COVID-19, Virus, CDC, Indian Health Service, DHSS, Ageing, Water

The recommendation acknowledges the increased risk of severe disease from COVID-19 in older adults, along with the currently available data on vaccine effectiveness.

Key Points: 
  • The recommendation acknowledges the increased risk of severe disease from COVID-19 in older adults, along with the currently available data on vaccine effectiveness.
  • It takes two weeks after vaccination for antibodies to develop in the body and provide protection against the viruses.
  • Adults 60 or older should talk to their health care provider to determine if the RSV vaccine is right for them.
  • The mission of the Missouri Department of Health and Senior Services (DHSS): To promote health and safety through prevention, collaboration, education, innovation and response.

Hawthorn Bancshares Reports Results for the Fourth Quarter and the Year Ended December 31, 2023

Retrieved on: 
Tuesday, January 30, 2024
EPS, Financial instrument, FTE, Quarter, ASU, Investment, Acquisition, Sale, Letter, Video game

Net loss of $7.4 million for the fourth quarter 2023 decreased $10.0 million, or 388.6%, from the linked quarter, and decreased $12.2 million, or 257.5%, from the prior year quarter.

Key Points: 
  • Net loss of $7.4 million for the fourth quarter 2023 decreased $10.0 million, or 388.6%, from the linked quarter, and decreased $12.2 million, or 257.5%, from the prior year quarter.
  • Loss per diluted share was $(1.05) for the fourth quarter 2023 compared to EPS of $0.36 for the linked quarter, and $0.67 for the prior year quarter.
  • Net interest income of $15.8 million for the fourth quarter of 2023, increased $0.7 million from the linked quarter, and increased $0.9 million from the prior year quarter.
  • The fourth quarter efficiency ratio was 81.1% compared to 79.8% and 69.4% for the linked quarter and prior year quarter, respectively.

Hawthorn Bancshares Announces Cash Dividend

Retrieved on: 
Tuesday, January 30, 2024

JEFFERSON CITY, Mo., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.17 per common share, payable April 1, 2024 to shareholders of record at the close of business on March 15, 2024.

Key Points: 

JEFFERSON CITY, Mo., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.17 per common share, payable April 1, 2024 to shareholders of record at the close of business on March 15, 2024.

Hawthorn Bancshares, Inc. Repositions Balance Sheet

Retrieved on: 
Tuesday, December 19, 2023
Bank, Sale, Treasury, Security (finance)

JEFFERSON CITY, Mo., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) (the "Company"), the parent company of Hawthorn Bank (the "Bank"), implemented a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities.

Key Points: 
  • JEFFERSON CITY, Mo., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) (the "Company"), the parent company of Hawthorn Bank (the "Bank"), implemented a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities.
  • The Bank sold $83.7 million in book value of investment securities, with an average yield of 1.57%, for an after-tax realized loss of $9.1 million.
  • Investment securities sold included $1.0 million of U.S. Treasury securities, $57.1 million of mortgage-backed securities, $20.5 million U.S.
  • After the repositioning, the Bank's regulatory capital levels remained well above those required to be categorized as well-capitalized.