HBIAOTCState Commercial BanksFiscal year ends December 31
HILLS BANCORPORATION
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$46.75−0.25 (-0.53%)
Close on Oct 19, 2026
- Market cap
- $817.38M
- P/E (TTM)
- 10.9
- Dividend yield
- 1.23%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
34.7%+4.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.4% | +6.9% | +6.1% | +5.9% | |
| Net income | +27.1% | +8.2% | +9.4% | +7.8% | |
| EPS, diluted | +29.5% | +9.8% | +10.6% | +8.4% | |
| Free cash flow | +27.6% | +6.1% | +59.6% | +10.0% | |
| Dividend per share | +4.5% | +4.8% | +5.3% | +6.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.2% | 9.8% | 11.6% | |
| Return on assets | 1.2% | 1.1% | 1.3% | |
| Capex to revenue | 7.0% | 1.4% | 2.1% | |
| Diluted shares | 19M | 19M | 18M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hills Bancorporation generated $318.73M from operations and spent $110.43M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$318.73M
Used
$110.43M
Capital expenditure$14.57M13%Dividends$48.13M44%Share buybacks$47.72M43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin34.7%
×Asset turnover0.04×
×Equity multiplier8.87×
=Return on equity, FY202511.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 34.7% | 0.04× | 8.87× | 11.6% |
| FY2024 | 33.4% | 0.03× | 9.27× | 9.9% |
| FY2023 | 26.8% | 0.03× | 9.26× | 8.5% |
| FY2022 | 33.4% | 0.04× | 9.26× | 11.0% |
| FY2021 | 34.9% | 0.04× | 9.16× | 11.3% |
| FY2020 | 29.7% | 0.04× | 8.95× | 9.8% |
| FY2019 | 37.1% | 0.04× | 8.93× | 12.8% |
| FY2018 | 31.6% | 0.04× | 9.29× | 11.4% |
| FY2017 | 25.8% | 0.04× | 9.35× | 9.3% |
| FY2016 | 31.1% | 0.04× | 9.17× | 11.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$60.50M
- Cash generatingOperating cash flow above zero$68.81M
- Return on assets improvedROA up on the prior year1.1% → 1.3%
- Earnings backed by cashOperating cash flow above net income$68.81M vs $60.50M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise18M → 18M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.04