Hawthorn Bancshares, Inc. announced that its Board of Directors approved a new common stock repurchase program on June 5, 2025. This new program authorizes the repurchase of up to $10.0 million in market value of the company’s common stock. The newly approved program replaces the company's previous common stock repurchase authorization.
The Board of Directors has granted management the discretion to determine the number and pricing of shares to be purchased, as well as the timing of these acquisitions. This flexibility allows the company to execute repurchases opportunistically. The program underscores Hawthorn Bancshares' commitment to returning capital to its shareholders.
A common stock repurchase program can enhance shareholder value by reducing the number of outstanding shares, which can increase earnings per share. This strategic financial move reflects the company's strong capital position and confidence in its ongoing profitability. The $10.0 million authorization represents a significant commitment to capital management.
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