Hawthorn Bancshares (HWBK) Financial Statements & Analysis

Hawthorn Bancshares (HWBK) Income Statement

Hawthorn Bancshares reported revenue of $79.95M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 27.1% from $109.67M a year earlier. Net income was $23.80M, up 30.4% year over year, a net margin of 29.8%. Gross margin was 100.0% and operating margin 36.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $29.97M, up 9.2% from the same quarter a year earlier.

Hawthorn Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Hawthorn Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	79.95	109.67	55.13	83.22	81.39	78.02	72.94	67.38	59.89
Cost of Revenue	32.14	37.79	35.17	9.59	4.21	15.52	16.38	14.66	9.77
Gross Profit	79.95	71.88	52.79	73.63	77.18	62.50	56.56	52.71	50.12
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	16.47	27.55	30.49	28.59	28.88	27.25	22.85	24.34	22.97
Operating Expenses	50.85	49.52	52.36	48.54	48.97	45.02	36.62	40.33	38.80
Operating Income	29.10	22.36	0.43	25.09	28.21	17.48	19.94	12.38	11.32
Other Income/Expense
Interest Income	97.66	94.79	91.53	68.99	64.15	62.64	63.70	57.56	50.78
Interest Expense	31.78	36.76	32.83	10.49	5.91	9.72	15.23	13.19	8.01
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	29.10	22.36	0.43	25.09	28.21	17.48	19.94	12.38	11.32
Income Tax Expense	5.30	4.10	-0.52	4.34	5.70	3.18	3.82	1.67	7.90
Net Income	23.80	18.26	0.96	20.75	22.52	14.29	16.11	10.71	3.41
Net Income - Continuous Operations	23.80	18.26	0.96	20.75	22.52	14.29	16.11	10.71	3.41
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	2.24	24.01	2.11	27.23	30.50	19.74	22.00	14.18	13.05
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.24	1.65	2.11	2.14	2.28	2.27	2.06	1.80	1.74
Earnings Per Share
Basic EPS	3.00	3.00	-	3.00	3.00	2.00	2.00	1.00	-
Diluted EPS	3.00	3.00	-	3.00	3.00	2.00	2.00	1.00	-
Basic Shares Outstanding	6.93	7.00	6.83	7.06	7.16	7.29	7.34	7.33	7.37
Diluted Shares Outstanding	6.94	7.00	6.83	7.06	7.16	7.29	7.34	7.34	7.38

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hawthorn Bancshares Financial Statements

What was Hawthorn Bancshares's revenue in fiscal 2025?

Hawthorn Bancshares reported revenue of $79.95M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 27.1% from $109.67M a year earlier.

Is Hawthorn Bancshares profitable?

Yes. Hawthorn Bancshares earned net income of $23.80M in fiscal 2025, a net margin of 29.8%. In fiscal 2024 it earned $18.26M.

What is Hawthorn Bancshares's operating margin?

Hawthorn Bancshares's operating income was $29.10M on revenue of $79.95M in fiscal 2025, an operating margin of 36.4%, compared with 20.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition