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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hawthorn Bancshares's retained earnings for the quarter that ended in Jun. 2026 was $118.03 Mil.
Hawthorn Bancshares's quarterly retained earnings
increased
from Dec. 2025 ($107.86 Mil) to Mar. 2026 ($112.16 Mil) and
increased
from Mar. 2026 ($112.16 Mil) to Jun. 2026 ($118.03 Mil).
Hawthorn Bancshares's annual retained earnings
increased
from Dec. 2023 ($76.46 Mil) to Dec. 2024 ($89.54 Mil) and
increased
from Dec. 2024 ($89.54 Mil) to Dec. 2025 ($107.86 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Hawthorn Bancshares Retained Earnings Historical Data
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The historical data trend for Hawthorn Bancshares's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $118.03 Mil mean?
Hawthorn Bancshares (HWBK) has a Retained Earnings of $118.03 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Hawthorn Bancshares and its competitors.
Is Hawthorn Bancshares' Retained Earnings too high?
Hawthorn Bancshares' current Retained Earnings is $118.03 Mil. Overall, Hawthorn Bancshares has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hawthorn Bancshares' Retained Earnings compare to ISBA and ATLO?
Hawthorn Bancshares' Retained Earnings of $118.03 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Banks company?
A good Retained Earnings depends on the Banks industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Hawthorn Bancshares and its competitors. Hawthorn Bancshares's current Retained Earnings is $118.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hawthorn Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Hawthorn Bancshares (HWBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.73, compared to a current price of $39.25 — trading 13% above its estimated fair value. The current Retained Earnings is $118.03 Mil. Hawthorn Bancshares' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Hawthorn Bancshares (HWBK), the current Retained Earnings is $118.03 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hawthorn Bancshares (HWBK) Overvalued in 2026?
Based on GuruFocus' analysis, Hawthorn Bancshares stock appears to be overvalued.
The current stock price of $39.25 is trading 13% above its estimated GF Value™ of $34.73.
GuruFocus considers Hawthorn Bancshares to be Modestly Overvalued.
Key valuation signals for HWBK:
Retained Earnings: $118.03 Mil
GF Value™: $34.73 vs. price of $39.25 (13% above fair value)
No single metric tells the full story. See the HWBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hawthorn Bancshares Inc is a financial holding company that, along with its subsidiary bank, provides commercial banking for small and mid sized businesses, including equipment, operating, commercial real estate and SBA loans, and personal banking services such as real estate mortgage lending, installment and consumer loans, certificates of deposit, and checking, savings and money market accounts. It has two segments, banking and wealth management, with the banking segment earning the majority of its revenue and conducting general banking business, offering checking and savings accounts, internet banking, debit cards, certificates of deposit, brokerage services and others. Its primary source of revenue is net interest income derived from lending and deposit taking activities.
63GF Score
Get the complete analysis for HWBK
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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