Hills Bancorporation (HBIA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hills Bancorporation

OTC Markets OTCID•Financial Services•Banks - Regional

$47.000.00(0.00%)Market closed

Market Cap

$815.77M

P/E

10.8x

P/S

3.0x

P/B

1.4x

Hills Bancorporation operates as the bank holding company for Hills Bank and Trust Company that provides commercial banking in the state of Iowa. It accepts various deposits, such as demand, savings, and time deposits; and offers products, including real estate loans comprising residential, multi-family, and commercial real estate loans; mortgage and construction loans; commercial and financial loans; agricultural loans; and automobile, installment, and other consumer loans. The company also maintains night and safe deposit facilities; and provides collection, exchange, and other banking services. In addition, it administers estates, personal trusts, and pension plans; offers farm management, investment advisory, and custodial services for individuals, corporations, and nonprofit organizations; and originates mortgages that are sold in the secondary residential real estate market without mortgage servicing rights being retained. The company operates through its main office and its full-service branches in the Iowa counties of Johnson, Linn, and Washington. It serves individuals, businesses, governmental units, and institutional customers. The company was founded in 1904 and is headquartered in Hills, Iowa.

How this company scores

GoodMetricSide Score: 77/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability23/25

Growth18/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsRising earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.8x5y range 5.4x – 10.8x

Currently above its 20-quarter median.

P/S · 3.0x5y range 1.4x – 3.0x

Currently above its 20-quarter median.

P/B · 1.4x5y range 0.6x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 93.7% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $815.77M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $270.91M
Q. Revenue: $73.71M
TTM EBITDA: $97.34M
TTM Op. Income: $94.99M
Q. Op. Income: $33.20M
TTM Net Income: $75.37M
Q. Net Income: $26.01M
EPS: $1.49
Shares Out.: $17.48M

$270.91M in TTM revenue grew 9.9% YoY, reaching $73.71M last quarter. TTM EBITDA of $97.34M and TTM operating income of $94.99M show growth is flowing through to the bottom line. TTM net income of $75.37M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 74.6%
EBITDA Margin: 46.0%
Op. Margin: 45.0%
Net Margin: 35.3%

Op. margin of 45.0% is up 9.5% YoY — cost efficiency is improving. Net margin at 35.3% and gross margin of 74.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.8x
P/S Ratio: 3.0x
P/B Ratio: 1.4x

At 10.8x P/E, the stock trades below typical market levels. P/S of 3.0x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 82% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.80B
Cash: $42.11M
Long-Term Debt: $323.83M
Book Value: $568.90M
D/E Ratio: 0.6
Debt/EBITDA: 9.5

With $4.80B in assets and $323.83M in long-term debt, D/E is 0.6and book value is $568.90M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.01M
TTM Free Cash Flow: $85.10M
FCF Margin: 31.4%
FCF / Net Income: 1.1

TTM FCF of $85.10M on $22.01M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.