Overview

* Hawthorn Bancshares ( HWBK ) Q3 net income rises 34.1% yr/yr to $6.1 mln

* EPS for Q3 improves 33% yr/yr to $0.88

* Net interest margin improves to 3.97% from 3.36% yr/yr

Outlook

* Hawthorn Bancshares ( HWBK ) did not provide specific future financial guidance

Result Drivers

* LOAN GROWTH - Loans increased by $51.1 mln, or 3.5%, driven by expansion of customer relationships and attracting new customers

* MARGIN EXPANSION - Net interest margin improved to 3.97% due to higher rates on earning assets and lower deposit costs

* CREDIT QUALITY - Strong credit quality with non-performing assets to total loans improving to 0.48% from 0.58% in the prior year quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.88

Q3 Net $6.13

Income mln

Q3 Net $16.9

Interest mln

Income

Q3 $0.20

Dividend

Q3 Net 3.97%

Interest

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)