HBIA
Hills Bancorporation82.00
+1.90+2.37%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
725.68MP/E (TTM)
12.83Basic EPS (TTM)
6.39Dividend Yield
0.01%Recent Filings
8-K
Auditor switch disclosed
Hills Bancorporation's Audit Committee dismissed Forvis Mazars as auditor after its 2025 audit, selecting Crowe LLP for 2026 pending acceptance. No disagreements arose, but material weaknesses persisted in internal controls over financial reporting, journal entries, and related parties—as noted in recent 10-K and 10-Qs. Clean audit opinions issued. Crowe transition smooth.
10-Q
Q3 FY2025 results
Hills Bancorporation posted Q3 net income of $12.9M, up 6% y/y, with net interest income jumping 31% to $38.5M on stronger loan yields while deposit costs eased. Yet credit loss expense doubled to $6.0M (derived) amid Iowa unemployment forecasts and loan growth to $3.50B net. Operating cash flow hit $46.2M YTD, funding $109M loan expansion as cash dipped to $47.2M; FHLB debt fell to $76.6M with $974M capacity. Trust fees rose 10% on higher assets under management. Non-GAAP metrics not disclosed in the 10-Q. Tariffs threaten ag borrowers.
10-Q
Q2 FY2025 results
Hills Bancorporation posted solid Q2 FY2025 results, with net income jumping 51% year-over-year to $18.7M, fueled by net interest income surging 34% to $37.0M on higher loan yields and investment volumes, while the net interest margin widened to 3.46% from 2.72%. Credit loss expense edged up 69% to $1.1M amid rising Iowa unemployment forecasts to 3.7%, yet nonaccrual loans dipped 12% quarter-over-quarter to $21.1M. Deposits slipped 0.4% to $3.33B, but liquidity stayed robust with $52.5M in cash and $746M untapped FHLB capacity; FHLB borrowings climbed to $287M from $127M at year-end. Trust fees grew 10% on $3.08B assets under management. Still, tariff uncertainties loom over ag lending.
10-Q
Q1 FY2025 results
Hills Bancorporation posted solid Q1 2025 results, with net income climbing 19% year-over-year to $14.4M, or $1.61 diluted EPS, fueled by net interest income surging 23% to $34.2M on a 3.25% tax-equivalent margin—up from 2.68%—thanks to higher yields on loans and investments amid elevated rates. Loan growth edged up 1% quarter-over-quarter to $3.42B net, while deposits swelled 4% to $3.48B, largely from temporary public funds; borrowings dropped sharply to $510M in FHLB advances after repaying $547M in short-term debt. Credit loss expense jumped to $3.9M from a $0.4M benefit last year, reflecting higher charge-offs and nonaccruals, yet the allowance covers 1.53% of loans. Trust fees rose 16% on growing assets under management. Cash balances dipped to $105M, but liquidity stays robust with $490M untapped FHLB capacity. Tariffs threaten Iowa's ag sector, potentially hiking borrower stress.
8-K
Shareholders approve directors, pay
Hills Bancorporation's shareholders elected six directors—Michael E. Hodge, Casey L. Peck, John W. Phelan, Kristie L. Fisher, Michael D. Jensen, and Thomas M. Slattery—to serve until 2028 at the April 21, 2025 annual meeting. They approved executive compensation in a non-binding vote and ratified Forvis Mazars, LLP as the independent auditor. Strong support signals board stability. No major dissent emerged.
IPO
Website
Employees
Sector
Industry
BFIN
BankFinancial Corporation
12.76-0.18
FBNC
First Bancorp
53.55+0.08
HBNC
Horizon Bancorp, Inc.
18.36-0.10
HBT
HBT Financial, Inc.
26.85-0.14
HNVR
Hanover Bancorp, Inc.
24.04+0.00
HOPE
Hope Bancorp, Inc.
11.47-0.03
LNKB
LINKBANCORP, Inc.
8.41-0.11
NWBI
Northwest Bancshares, Inc.
12.71-0.07
QNBC
QNB Corp.
34.75+0.30
WTBA
West Bancorporation
23.96+0.20