HAWTHORN BANCSHARES, INC. (HWBK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	118.2M	112.1M	109.7M	88.0M	83.2M
Cost of Revenue	30.6M	32.1M	37.8M	35.2M	9.6M
Gross Profit	87.6M	79.9M	71.9M	52.8M	73.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	9.6M	28.9M	27.6M	30.5M	28.6M
General & Admin Expense	8.8M	27.8M	26.6M	29.0M	27.1M
Selling & Marketing Expense	883.0K	1.1M	976.0K	1.5M	1.5M
Other Expenses	45.2M	21.9M	22.0M	21.9M	20.0M
Total Operating Expenses	54.9M	50.8M	49.5M	52.4M	48.5M
Cost and Expenses	85.4M	83.0M	87.3M	87.5M	58.1M
Operating Income (EBIT)	32.7M	29.1M	22.4M	432.0K	25.1M
Non-Operating
Interest Income	100.8M	97.7M	94.8M	91.5M	69.0M
Interest Expense	29.6M	31.8M	36.8M	32.8M	10.5M
Net Interest Income	71.2M	65.9M	58.0M	58.7M	58.5M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	32.7M	29.1M	22.4M	432.0K	25.1M
Income Tax Expense	5.4M	5.3M	4.1M	(524.0K)	4.3M
Bottom Line
Net Income	27.3M	23.8M	18.3M	956.0K	20.8M
Earnings from Cont. Ops	27.3M	23.8M	18.3M	956.0K	20.8M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	27.3M	23.8M	18.3M	956.0K	20.8M
Per Share
Basic EPS	$3.95	$3.44	$2.61	$0.14	$2.94
Diluted EPS	$3.95	$3.43	$2.61	$0.14	$2.94
Revenue Per Share	$16.90	$16.04	$15.67	$12.50	$11.78
Shares
Basic Shares Outstanding	7.0M	7.0M	7.0M	7.0M	7.1M
Diluted Shares Outstanding	7.0M	7.0M	7.0M	7.0M	7.1M
Profitability Metrics
EBITDA	34.5M	31.3M	24.0M	2.5M	27.2M
D&A	1.8M	2.2M	1.6M	2.1M	2.1M
EBIT	32.7M	29.1M	22.4M	432.0K	25.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026