Hawthorn Bancshares (HWBK) Stock Fundamentals, Analysis & Risk Signals

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

Hawthorn Bancshares

NasdaqGS•Financial Services•Banks - Regional

$39.53-0.04(<0.01%)Pre-market

Market Cap

$263.70M

P/E

10.4x

P/S

3.1x

P/B

1.4x

Hawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides various banking products and services to families and businesses. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial and industrial, single payment personal, mortgage, installment, and commercial and residential real estate loans. In addition, it provides trust, wealth and treasury management, and brokerage services; and safety deposit boxes, debit cards, and internet banking services. Hawthorn Bancshares, Inc. was formerly known as Exchange National Bancshares, Inc. and changed its name to Hawthorn Bancshares, Inc. in 2007. The company was founded in 1865 and is headquartered in Jefferson City, Missouri.

How this company scores

WeakMetricSide Score: 85/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability20/25

Growth23/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

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

P/E · 10.4x5y range 7.1x – 191.2x

Currently near its 20-quarter median.

P/S · 3.1x5y range 2.2x – 3.1x

Currently near its 20-quarter median.

P/B · 1.4x5y range 1.2x – 1.5x

Price & Volume

Market Cap $263.70M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $84.58M
Q. Revenue: $22.64M
TTM EBITDA: $17.27M
TTM Op. Income: $14.91M
Q. Op. Income: $3.27M
TTM Net Income: $25.39M
Q. Net Income: $7.33M
EPS: $1.06
Shares Out.: $6.90M

$84.58M in TTM revenue grew 12.1% YoY, reaching $22.64M last quarter. TTM EBITDA of $17.27M and TTM operating income of $14.91M show growth is flowing through to the bottom line. TTM net income of $25.39M 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

EBITDA Margin: 18.1%
Op. Margin: 14.5%
Net Margin: 32.4%

Op. margin of 14.5% is down 5.5% YoY — costs are rising relative to revenue. Net margin at 32.4% Over the past year, operating margin is down 27% — a weakening trend.

Price Ratios

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

P/E Ratio: 10.4x
P/S Ratio: 3.1x
P/B Ratio: 1.4x

At 10.4x P/E, the stock trades below typical market levels. P/S of 3.1x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $1.77B
Cash: $32.73M
Long-Term Debt: $29.36M
Book Value: $182.79M
D/E Ratio: 0.2
Debt/EBITDA: 7.2

With $1.77B in assets and $29.36M in long-term debt, D/E is 0.2and book value is $182.79M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $10.18M
TTM Free Cash Flow: $27.91M
FCF Margin: 33.0%
FCF / Net Income: 1.1

TTM FCF of $27.91M on $10.18M 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.