Associated tags: Bank, Sale
Locations: CENTRAL REGION, KANSAS, JEFFERSON CITY, MO, US, PENNSYLVANIA, CHICAGO, NEW JERSEY, ILLINOIS, FLORIDA
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.
Retrieved on:
Wednesday, April 24, 2024
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.
Retrieved on:
Tuesday, January 30, 2024
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.
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.
Retrieved on:
Tuesday, December 19, 2023
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.
Knowledge,
Principal,
Property,
CNA,
Financial adviser,
Senior,
Wharton School of the University of Pennsylvania,
CNA Financial,
Property & Casualty Management Systems,
University,
Management,
Economics JEFFERSON CITY, Mo., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the parent company of Hawthorn Bank, announced today that Douglas T. Eden has been appointed independent, non-executive director to both Hawthorn Bancshares and Hawthorn Bank’s board of directors effective October 25, 2023.
Key Points:
- JEFFERSON CITY, Mo., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the parent company of Hawthorn Bank, announced today that Douglas T. Eden has been appointed independent, non-executive director to both Hawthorn Bancshares and Hawthorn Bank’s board of directors effective October 25, 2023.
- “We are pleased to welcome Mr. Eden to the board of directors and are confident that his experience and knowledge will expand the diversification of perspectives across our Board,” said Brent Giles, Chief Executive Officer of Hawthorn Bank and Hawthorn Bancshares, Inc.
Mr. Eden is currently the Principal and Investment Advisor Representative of Eden Capital Management, LLC based in Lakewood Ranch, Florida.
- Mr. Eden earned his Bachelor’s Degree in Economics from The Wharton School of the University of Pennsylvania in 1992 and worked in the Property & Casualty Insurance Industry for 24 years serving as Senior Vice President with CNA Financial in Chicago, Illinois, Senior Vice President with The Main Street America Group in Jacksonville, Florida and Executive Vice President with Selective Insurance Company in Branchville, New Jersey.
- Mr. Eden is an active investor, privately managing assets for more than 25 years and from 2012-2014 he served on the Investment Committee of the Main Street America Group with oversight of the Property & Casualty insurer’s $2 Billion investment portfolio.
Retrieved on:
Wednesday, October 25, 2023
W Holding Company,
Quarter,
ASU,
FTE,
Growth,
EPS,
Current Expected Credit Losses,
Borrowing base,
Financial instrument,
Video game,
Bank,
Credit,
Insurance,
Rare-earth element Financial Results for the Quarter and Nine Months Ended September 30, 2023
Key Points:
- Financial Results for the Quarter and Nine Months Ended September 30, 2023
Net income for the third quarter 2023 was of $2.6 million, an increase of $0.03 million, or 1.2%, from the linked quarter, and a decrease of $2.3 million, or 47.7%, from the third quarter 2022 (the "prior year quarter").
- EPS was consistent at $0.36 for both the third quarter 2023 and linked quarter compared to $0.70 for the prior year quarter.
- Net interest income for the third quarter 2023 was $15.1 million , an increase of $0.9 million from the linked quarter, and an increase of $0.1 million from the prior year quarter.
- Total non-interest income for the third quarter 2023 was $0.6 million, a decrease of $1.0 million, or 62.0%, from the linked quarter, and a decrease of $2.9 million, or 82.6%, from the prior year quarter.
Retrieved on:
Wednesday, October 25, 2023
JEFFERSON CITY, Mo., Oct. 25, 2023 (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 January 1, 2024 to shareholders of record at the close of business on December 15, 2023.
Key Points:
- JEFFERSON CITY, Mo., Oct. 25, 2023 (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 January 1, 2024 to shareholders of record at the close of business on December 15, 2023.
Retrieved on:
Wednesday, September 20, 2023
Commerce Bancshares,
Comptroller,
Growth,
First National Bank of Omaha,
Bank,
First National Bank,
Senior,
Hafner,
Little Missouri Bank Building,
Management,
Hawthorn JEFFERSON CITY, Mo., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) and its subsidiary Hawthorn Bank announced today that Christopher Hafner will be named Senior Vice President and Chief Financial Officer of both entities effective October 13, 2023, replacing Steve Guthrie who retired from the position on September 1, 2023.
Key Points:
- JEFFERSON CITY, Mo., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) and its subsidiary Hawthorn Bank announced today that Christopher Hafner will be named Senior Vice President and Chief Financial Officer of both entities effective October 13, 2023, replacing Steve Guthrie who retired from the position on September 1, 2023.
- A 34-year industry veteran, Hafner has previously held the roles of Chief Accounting Officer at CrossFirst Bank, Chief Financial Officer at each of Missouri Bank and First National Bank of Kansas, Assistant Controller at Commerce Bancshares, Inc. and also previously served in various roles in the audit practice of a public accounting firm.
- “I am delighted to welcome Chris to the executive team and I'm confident he will play an important role in the future success of our company," said Hawthorn CEO Brent Giles.
- "Chris is a seasoned financial executive, and we look forward to seeing his contributions to our financial strategies, planning and analysis."
JEFFERSON CITY, Mo., July 26, 2023 (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 October 1, 2023 to shareholders of record at the close of business on September 15, 2023.
Key Points:
- JEFFERSON CITY, Mo., July 26, 2023 (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 October 1, 2023 to shareholders of record at the close of business on September 15, 2023.
