HAWTHORN BANCSHARES, INC. Earnings Per Share Disclosure
| As of and for the year ended December 31, | |||||||||||||||||
| (dollars and shares in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net income available to common shareholders | $ | 23,801 | $ | 18,256 | $ | 956 | |||||||||||
| Weighted average common shares outstanding | 6,932 | 7,000 | 7,039 | ||||||||||||||
| Effect of dilutive equity-based awards | 10 | — | — | ||||||||||||||
| Weighted average dilutive common shares outstanding | 6,942 | 7,000 | 7,039 | ||||||||||||||
| Basic earnings per share | $ | 3.44 | $ | 2.61 | $ | 0.14 | |||||||||||
| Diluted earnings per share | $ | 3.43 | $ | 2.61 | $ | 0.14 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 18, 2024 | |
| 2022 | Mar 29, 2023 | |
| 2021 | Mar 17, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Mar 14, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 31, 2017 | |
| 2015 | Mar 30, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.