Hawthorn Bancshares to Acquire FSC Bancshares for $28.3M, Projecting 20% EPS Accretion
HWBK sits 24% above its 52-week low of $27.07.
Summary
Hawthorn Bancshares, Inc. announced the acquisition of FSC Bancshares, Inc. for approximately $28.3 million in a cash and stock deal, expected to be 20% accretive to EPS and expand its Missouri presence.
Key Events · M&A and Partnerships · HWBK
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Acquisition Agreement Signed
Hawthorn Bancshares, Inc. (HBI) entered into an Agreement and Plan of Reorganization to acquire FSC Bancshares, Inc. (FBI) in a cash and stock transaction.
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Transaction Value and Consideration
The acquisition is valued at approximately $28.3 million, consisting of 413,101 shares of HBI common stock and $14.0 million in cash.
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Expected Financial Impact
The transaction is projected to be approximately 20% accretive to earnings per share on a fully phased-in basis, with a tangible book value dilution of approximately 9.8% expected to be earned back in about 3.0 years.
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Strategic Expansion
The acquisition will add approximately $384 million in total assets and nine branch locations, significantly expanding Hawthorn's presence in northern Missouri.
Analysis · HWBK · Finance
Hawthorn Bancshares, Inc. is making a significant strategic move by acquiring FSC Bancshares, Inc., a transaction valued at approximately $28.3 million. This acquisition is expected to be highly beneficial, projecting a substantial 20% accretion to earnings per share on a fully phased-in basis. While there is an anticipated 9.8% dilution to tangible book value, the company expects to earn this back in approximately 3.0 years, indicating a manageable impact. The deal will expand Hawthorn's footprint in northern Missouri, adding approximately $384 million in total assets and nine branch locations, which is a material increase to its existing operations. This move aligns with a disciplined growth strategy and is expected to enhance the company's community banking franchise.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 44% of the 562 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HWBK was trading at $33.69 on NASDAQ in the Finance sector, with a market capitalization of approximately $232.1M. The 52-week trading range was $27.07 to $36.49. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.