HWBKHawthorn Bancshares, Inc.

$231M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$24M+25.9% YoY

Gross Profit

$16M68.2% margin

Operating Income

$4M16.5% margin

Net Income

$3M13.6% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$3M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.8B

Stockholders' Equity

$128M

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$24M	$19M	+25.9%
Gross Profit	$16M	$20M	-19.2%
Operating Income	$4M	$8M	-51.1%
Net Income	$3M	$7M	-50.5%

Revenue Segments

Banking

$960,00046%

Service

$684,00032%

Fiduciary and Trust

$271,00013%

Bank Servicing

$193,0009%

HWBK Q1 2023 Earnings — Hawthorn Bancshares, Inc. Revenue & Financial Results | Market Cap Arena