Hills Bancorporation (HBIA)

Hills Bancorporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	175.56	154.68	115.4	113.65	120.2	121.27
Interest Income on Investments	20.95	16.24	15.69	8.44	8.33	11.06
Total Interest Income	196.52	170.92	131.09	122.09	128.53	132.33
Interest Paid on Deposits	58.06	40.39	15.82	14.71	21.55	28.54
Interest Paid on Borrowings	25.79	16.64	0.27	2.92	5.4	6.33
Total Interest Expense	83.85	57.03	16.09	17.63	26.95	34.87
Net Interest Income	112.67	113.89	115	104.46	101.58	97.46
Net Interest Income Growth (YoY)	-3.81%	-0.97%	10.09%	2.84%	4.23%	5.39%
Trust Income	14.82	13.58	12.28	13.52	10.28	9.58
Gain (Loss) on Sale of Investments	-	-	-	-	0.01	-0.03
Other Non-Interest Income	13.46	13.49	13.98	12.36	11.37	11.7
Total Non-Interest Income	30.46	28.61	27.78	33.46	28.34	24.79
Non-Interest Income Growth (YoY)	9.16%	2.97%	-16.99%	18.10%	14.29%	4.09%
Revenues Before Loan Losses	143.13	142.49	142.78	137.93	129.91	122.25
Provision for Loan Losses	8.27	15.62	6.34	-5.51	4.36	-2.88
Revenue	134.86	126.87	136.44	143.43	125.56	125.13
Revenue Growth (YoY)	2.17%	-7.01%	-4.87%	14.24%	0.34%	16.08%
Salaries and Employee Benefits	42.8	42.66	41.25	40.02	38.42	34.25
Federal Deposit Insurance	1.91	1.81	1.08	1.04	0.86	0.19
Selling, General & Administrative	32.29	32	30.89	30.33	28.85	28.39
Other Non-Interest Expense	3.05	2.19	2.07	9.57	7.59	4.15
Total Non-Interest Expense	79.78	78.4	75.58	81.34	75.63	67.26
EBT Excluding Unusual Items	55.07	48.47	60.87	62.09	49.92	57.87
Pretax Income	55.07	48.47	60.87	62.09	49.92	57.87
Income Tax Expense	11.59	10.3	13.11	14.01	11.28	12.55
Net Income	43.49	38.18	47.75	48.09	38.65	45.32
Net Income to Common	43.49	38.18	47.75	48.09	38.65	45.32
Net Income Growth	0.42%	-20.06%	-0.69%	24.42%	-14.72%	23.26%
Basic Shares Outstanding	9	9	9	9	9	9
Diluted Shares Outstanding	9	9	9	9	9	9
Shares Change (YoY)	-1.21%	-0.99%	-0.44%	-0.66%	0.14%	-0.11%
EPS (Basic)	4.78	4.16	5.15	5.17	4.12	4.84
EPS (Diluted)	4.78	4.16	5.15	5.16	4.12	4.84
EPS Growth	1.76%	-19.22%	-0.19%	25.24%	-14.91%	23.51%
Dividend Per Share	1.100	1.050	1.000	0.940	0.890	0.820
Dividend Growth	4.76%	5.00%	6.38%	5.62%	8.54%	9.33%
Effective Tax Rate	21.04%	21.24%	21.55%	22.56%	22.59%	21.69%

Source: S&P Capital IQ. Banks template. Financial Sources.