Hawthorn Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 03:15 pm EDT
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Hawthorn Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 14.2 million compared to USD 14.56 million a year ago. Net income was USD 2.55 million compared to USD 4.49 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.64 a year ago.
For the six months, net interest income was USD 28.15 million compared to USD 28.71 million a year ago. Net income was USD 5.82 million compared to USD 11.1 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 1.57 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.