Highlands Bankshares, Inc. (HBSI)

Highlands Bankshares Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	4.85	3.56	4.43	4.94	3.34
Depreciation & Amortization	0.91	0.93	0.93	0.95	0.96
Gain (Loss) on Sale of Assets	-0.02	-0	-0.07	-0.21	0.37
Gain (Loss) on Sale of Investments	-0.43	1.12	1.54	0.63	0.11
Total Asset Writedown	-	-	0.01	0.05	0.22
Provision for Credit Losses	0.97	0.87	-0.93	0.03	1.01
Accrued Interest Receivable	-0.14	-0.38	-0.3	0.01	-0.14
Change in Other Net Operating Assets	0.19	-0.38	0.07	0.18	1.08
Other Operating Activities	-0.96	-0.45	-0.18	-0.13	-0.72
Operating Cash Flow	5.38	5.27	5.5	6.44	6.22
Operating Cash Flow Growth	2.24%	-4.19%	-14.73%	3.55%	31.62%

Investing Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Capital Expenditures	-2.61	-1.43	-0.63	-0.26	-0.51
Investment in Securities	12.93	0.65	15.54	-53.06	-47.39
Net Decrease (Increase) in Loans Originated / Sold - Investing	-37.23	-36.3	-33.3	5.73	-1.55
Other Investing Activities	-2.79	13.75	-0.97	0.64	-7.5
Investing Cash Flow	-29.7	-23.33	-19.35	-46.95	-56.95

Financing Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-Term Debt Issued	-	3.41	6.82	-	-
Long-Term Debt Repaid	-1.5	-	-	-1.6	-1.94
Total Debt Repaid	-1.5	-	-	-1.6	-1.94
Net Debt Issued (Repaid)	-1.5	3.41	6.82	-1.6	-1.94
Common Dividends Paid	-2.25	-2.37	-2.41	-2.23	-2.27
Net Increase (Decrease) in Deposit Accounts	27.04	17.71	8.92	43.44	55.66
Financing Cash Flow	23.3	18.76	13.33	39.61	51.44

Net Cash Flow

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Cash Flow	-1.02	0.69	-0.53	-0.9	0.72

Free Cash Flow

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Free Cash Flow	2.77	3.84	4.87	6.19	5.71
Free Cash Flow Growth	-27.74%	-21.24%	-21.28%	8.30%	104.26%
Free Cash Flow Margin	11.64%	18.53%	22.04%	28.41%	30.55%
Free Cash Flow Per Share	2.07	2.87	3.64	4.63	4.27

Additional Metrics

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash Interest Paid	8.54	5.04	1.4	1.65	2.2
Cash Income Tax Paid	0.9	0.74	0.92	0.87	1.19

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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