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Hawthorn Bancshares Reports First Quarter 2020 Financial Results

Hawthorn Bancshares, Inc. (HWBK) 
US:NASDAQ Investor Relations: hawthornbancshares.com
Company Research Source: GlobeNewswire
JEFFERSON CITY, Mo., April 30, 2020 (GLOBE NEWSWIRE) -- Hawthorn Bancshares Inc. (NASDAQ: HWBK), today reported consolidated financial results for the Company for the three months ended March 31, 2020. Net income for the current quarter was $0.9 million, or $0.14 per diluted common share, compared to $4.1 million, or $0.65 per diluted common share, for the quarter ended December 31, 2019 (“linked quarter”) and $4.7 million, or $0.74 per diluted common share for the quarter ended March 31, 2019. Included in the prior year quarter net income is a pretax gain on the sale of our Branson branch of $2.1 million ($1.6 million after tax), or $0.26 per diluted common share. Chairman David T. Turner commented, “The COVID-19 pandemic has presented us with many unforeseen challenges.  In order to meet these challenges, we have dramatically changed the way we provide banking services to our clients, with many of our staff working remotely or in different Show less Read more
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