Hawthorn Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:35 pm EDT
Share
Hawthorn Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 15.15 million compared to USD 15.07 million a year ago. Net income was USD 2.58 million compared to USD 4.93 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.7 a year ago.
For the nine months, net interest income was USD 43.3 million compared to USD 43.77 million a year ago. Net income was USD 8.4 million compared to USD 16.03 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 2.27 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 2.27 a year ago.
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.