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Hawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides various banking products and services to families and businesses. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial and industrial, single payment personal, mortgage, installment, and commercial and residential real estate loans. In addition, it provides trust, wealth and treasury management, and brokerage services; and safety deposit boxes, debit cards, and internet banking services. Hawthorn Bancshares, Inc. was formerly known as Exchange National Bancshares, Inc. and changed its name to Hawthorn Bancshares, Inc. in 2007. The company was founded in 1865 and is headquartered in Jefferson City, Missouri.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $80M | - | $24M | $23M | 13.7% | 10.1% | 30.4% |
| 2024 | $73M | - | $18M | $23M | 12.2% | 32.2% | 1809.6% |
| 2023 | $55M | - | $1M | $16M | 0.7% | -24.2% | -95.4% |
| 2022 | $73M | - | $21M | $18M | 16.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 72.73 | 55.13 | 72.91 | 80.31 |
| Pretax Income | 25.09 | 0.43 | 22.36 | 29.10 |
| Tax Provision | 4.34 | -0.52 | 4.10 | 5.30 |
| Net Income | 20.75 | 0.96 | 18.26 | 23.80 |
| Net Income Common Stockholders | 20.75 | 0.96 | 18.26 | 23.80 |
| Interest Expense | 10.49 | 32.83 | 36.76 | 31.78 |
| Interest Income | 68.99 | 91.53 | 94.79 | 97.24 |
| Selling General And Administration | 28.59 | 30.49 | 27.55 | 28.91 |
| Normalized Income | 20.51 | 4.45 | 17.54 | 23.93 |
| Basic EPS | 2.94 | 0.14 | 2.61 | 0 |
| Diluted EPS | 2.94 | 0.14 | 2.61 | 0 |
| Tax Effect Of Unusual Items | 0.05 | -0.93 | 0.16 | -0.03 |
| Tax Rate For Calcs | 0.17 | 0.21 | 0.18 | 0.18 |
| Total Unusual Items | 0.29 | -4.43 | 0.88 | -0.16 |
| Total Unusual Items Excluding Goodwill | 0.29 | -4.43 | 0.88 | -0.16 |
| Net Income From Continuing Operation Net Minority Interest | 20.75 | 0.96 | 18.26 | 23.80 |
| Reconciled Depreciation | 2.14 | 2.11 | 1.65 | 2.24 |
| Net Interest Income | 58.49 | 58.70 | 58.03 | 65.46 |
| Net Income From Continuing And Discontinued Operation | 20.75 | 0.96 | 18.26 | 23.80 |
| Diluted Average Shares | 7.05 | 6.83 | 6.99 | 0 |
| Basic Average Shares | 7.05 | 6.83 | 6.99 | 0 |
| Diluted NI Availto Com Stockholders | 20.75 | 0.96 | 18.26 | 23.80 |
| Net Income Including Noncontrolling Interests | 20.75 | 0.96 | 18.26 | 23.80 |
| Net Income Continuous Operations | 20.75 | 0.96 | 18.26 | 23.80 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.01 | -11.55 | 0 | 0.12 |
| Selling And Marketing Expense | 1.53 | 1.52 | 0.98 | 1.07 |
| General And Administrative Expense | 27.06 | 28.97 | 26.58 | 27.84 |
| Other Gand A | 0.88 | 0 | 0 | 0 |
| Salaries And Wages | 27.06 | 28.97 | 26.58 | 27.84 |
| Operating Revenue | 72.73 | 55.13 | 72.91 | 80.31 |
| Occupancy And Equipment | 6.23 | 6.25 | 6.27 | 6.70 |
| Professional Expense And Contract Services Expense | 1.63 | 2.51 | 2.61 | 1.70 |
| Other Non Interest Expense | 12.09 | 13.10 | 13.09 | 13.54 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hawthorn Bancshares, Inc.this co. | HWBK | $232M | 9.82 | 1.33 | 13.7% | - |
| Kingstone Companies, Inc. | KINS | $245M | 5.89 | 1.99 | 33.2% | 4.55 |
| Chain Bridge Bancorp, Inc. | CBNA | $243M | 11.18 | 1.43 | 12.0% | - |
| Princeton Bancorp, Inc. | BPRN | $242M | 12.49 | 0.88 | 6.9% | - |
| First United Corporation | FUNC | $239M |
| 9.50 |
| 1.17 |
| 12.0% |
| - |
| Security National Financial Corporation | SNFCA | $238M | 7.63 | 0.58 | 7.8% | 4.28 |
| LCNB Corp. | LCNB | $231M | 10.07 | 0.84 | 8.4% | - |
| Virginia National Bankshares Corporation | VABK | $229M | 11.44 | 1.24 | 10.5% | - |
| National Bankshares, Inc. | NKSH | $228M | 12.95 | 1.23 | 8.6% | - |
| Peer Median | - | 10.63 | 1.20 | 9.5% | 4.42 | |