Hawthorn Bancshares Q2 net income jumps 32% as margins increase

Overview

• Hawthorn Bancshares Q2 net income rises 31.8% yr/yr to $6.1 mln

• EPS for Q2 improves 33% yr/yr to $0.88

• Net interest margin increases to 3.89% in Q2 from 3.67% in Q1

Result Drivers

• NET INTEREST MARGIN - Improvement driven by higher rates on earning assets and lower deposit costs

• EFFICIENCY RATIO - Enhanced due to higher net interest margin and reduced non-interest expenses

• ASSET QUALITY - Strong credit quality with non-performing assets improving to 0.35% of total loans

Key Details

Press Release: ID:nGNXc7HR87