Hawthorn Bancshares (HWBK) Q4 2025 earnings summary

Executive summary

• Reported net income of $6.2 million ($0.90 EPS) for Q4 2025, up from $6.1 million ($0.88 EPS) in Q3 2025 and $4.6 million ($0.66 EPS) in Q4 2024.

• Full-year 2025 net income was $23.8 million ($3.43 EPS), a 30.4% increase from $18.3 million ($2.61 EPS) in 2024.

Financial highlights

• Net interest income for Q4 2025 was $17.6 million, up 4.2% sequentially and 14.6% year-over-year.

• Net interest margin (FTE) improved to 4.03% in Q4 2025 from 3.97% in Q3 2025 and 3.55% in Q4 2024.

• Full-year net interest income was $65.9 million, up from $58.6 million in 2024; net interest margin rose to 3.89% from 3.41%.

• Non-interest income for Q4 2025 was $3.6 million, flat year-over-year; full-year non-interest income was $14.3 million.

• Non-interest expense for Q4 2025 was $13.3 million, up 3.4% sequentially; full-year non-interest expense was $50.8 million, up 2.7% year-over-year.

• Efficiency ratio improved to 62.64% in Q4 2025 and 63.41% for the year, down from 68.48% and 67.92% in the prior year periods.

Outlook and guidance

• Board approved a quarterly cash dividend of $0.21 per share, a 5% increase, payable April 1, 2026.