HWBKNasdaqNational Commercial BanksFiscal year ends December 31
HAWTHORN BANCSHARES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.13+0.07 (+0.18%)
Close on Oct 19, 2026
- Market cap
- $263.34M
- P/E (TTM)
- 10.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
29.7%+8.7 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 | +10.0% | +3.3% | +3.3% | +4.9% | |
| Net income | +30.4% | +4.7% | +10.7% | +10.7% | |
| EPS, diluted | +31.4% | +5.3% | +11.0% | +8.9% | |
| Free cash flow | +1.1% | +8.8% | +3.5% | +6.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.2% | 11.6% | 14.7% | |
| Return on assets | 0.6% | 0.9% | 1.3% | |
| Capex to revenue | 2.6% | 2.7% | 5.1% | |
| Diluted shares | 6M | 6M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hawthorn Bancshares generated $120.61M from operations and spent $44.33M on capital expenditure, dividends and share buybacks. 28% of that went back into the business.
Generated
$120.61M
Used
$44.33M
Capital expenditure$12.34M28%Dividends$22.98M52%Share buybacks$9.02M20%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.7%
×Asset turnover0.04×
×Equity multiplier11.49×
=Return on equity, FY202514.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 29.7% | 0.04× | 11.49× | 14.7% |
| FY2024 | 25.0% | 0.04× | 12.96× | 12.8% |
| FY2023 | 1.4% | 0.04× | 14.42× | 0.7% |
| FY2022 | 28.5% | 0.04× | 13.59× | 15.0% |
| FY2021 | 29.9% | 0.04× | 12.75× | 16.1% |
| FY2020 | 20.9% | 0.04× | 13.14× | 11.6% |
| FY2019 | 27.9% | 0.04× | 13.87× | 15.0% |
| FY2018 | 19.9% | 0.04× | 15.26× | 11.2% |
| FY2017 | 6.6% | 0.04× | 14.89× | 3.7% |
| FY2016 | 15.0% | 0.04× | 13.95× | 8.2% |
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$23.80M
- Cash generatingOperating cash flow above zero$26.92M
- Return on assets improvedROA up on the prior year1.0% → 1.3%
- Earnings backed by cashOperating cash flow above net income$26.92M vs $23.80M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise7M → 7M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.04