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Hills Bancorporation cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$27.9M in Q3 2026 · $90.9M over twelve months

Operating cash flow$29.2M
Capital spending−$1.3M
Free cash flow+$27.9M
Cash / net income1.2×

Analysis

In Q3 2026, Hills Bancorporation generated $29.2M of operating cash flow and spent $1.3M on capital projects, leaving free cash flow of $27.9M. That is $5.8M more than in Q3 2025 ($22.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $94.9M; the largest uses were other investing ($356M), buybacks ($11.6M), dividends ($10.8M); besides operations, cash came from other financing ($282M), shares issued ($367K); the cash balance fell by $5.7M.

Operating cash flow was $29.2M against net income of $23.5M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: deferred taxes +$975K, depreciation & amortization +$698K, prepaid and other assets −$215K.

Free cash flow

Hills Bancorporation: free cash flow by quarterHills Bancorporation: free cash flow by quarter$9.6MQ4 2024$14.6MQ1 2025$7.7MQ2 2025$22.1MQ3 2025$20.8MQ4 2025$20.5MQ1 2026$21.7MQ2 2026$27.9MQ3 2026
Operating cash flow less capital spending.
Hills Bancorporation: operating cash flow against capital spendingHills Bancorporation: operating cash flow against capital spendingOperating cash flowCapital spending$11.2M$1.6MQ4 2024$15.0M$468KQ1 2025$8.5M$755KQ2 2025$22.7M$661KQ3 2025$22.6M$1.8MQ4 2025$21.2M$615KQ1 2026$22.0M$311KQ2 2026$29.2M$1.3MQ3 2026
Latest (Q3 2026): Operating cash flow $29.2M, Capital spending $1.3M.

Capital allocation, year by year

Hills Bancorporation: where the cash came from (up) and went (down), by fiscal yearHills Bancorporation: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $85.1MFY2021: Net borrowing $249KFY2021: Capital spending −$1.5MFY2021: Buybacks −$3.6MFY2021: Dividends −$8.8M$85.3MFY2021FY2022: Operating cash flow $56.5MFY2022: Net borrowing $81.8MFY2022: Shares issued $238KFY2022: Capital spending −$1.9MFY2022: Buybacks −$7.9MFY2022: Dividends −$9.3M$139MFY2022FY2023: Operating cash flow $52.8MFY2023: Net borrowing $137MFY2023: Capital spending −$3.0MFY2023: Buybacks −$7.7MFY2023: Dividends −$9.7M$190MFY2023FY2024: Operating cash flow $55.5MFY2024: Net borrowing $328MFY2024: Asset sales $4KFY2024: Capital spending −$4.5MFY2024: Buybacks −$12.9MFY2024: Dividends −$10.1M$384MFY2024FY2025: Operating cash flow $68.8MFY2025: Shares issued $120KFY2025: Capital spending −$3.7MFY2025: Buybacks −$15.6MFY2025: Dividends −$10.3M$68.9MFY2025
Over these 5 years operating cash flow totalled $319M; the largest uses were dividends ($48.1M) and buybacks ($47.7M). Cash-flow statements as filed.

Where the cash came from and went

Hills Bancorporation: sources (+) and uses (−) of cash, Q3 2026Hills Bancorporation: sources (+) and uses (−) of cash, Q3 2026Other investing−$213MNet borrowing (+) / repaid (−)$188MOperating cash flow$29.2MBuybacks−$2.6MCapital spending−$1.3MOther financing−$1.0MCash drawn (+) / kept (−)$648KShares issued$95K
Hills Bancorporation: sources (+) and uses (−) of cash, TTM to Q3 2026Hills Bancorporation: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$356MOther financing$282MOperating cash flow$94.9MBuybacks−$11.6MDividends−$10.8MCash drawn (+) / kept (−)$5.7MCapital spending−$4.0MShares issued$367KTaxes on employees’ shares−$246K

From profit to cash

Hills Bancorporation: net income to operating cash flow, Q3 2026Hills Bancorporation: net income to operating cash flow, Q3 2026Net income$23.5MDepreciation & amortization$698KStock-based pay$17KDeferred taxes$975KPrepaid and other assets−$215KOperating cash flow$29.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$29.2M−$1.3M−$2.6M—$188M$95K$648K$27.9M
Q2 2026$22.0M−$311K−$1.4M—$260M$91K$14.0M$21.7M
Q1 2026$21.2M−$615K−$3.1M−$10.8M—$101K−$14.0M$20.5M
Q4 2025$22.6M−$1.8M−$4.5M——$80K$5.1M$20.8M
Q3 2025$22.7M−$661K−$3.6M——$88K$5.3M$22.1M
Q2 2025$8.5M−$755K−$5.1M—−$120M$83K$52.7M$7.7M
Q1 2025$15.0M−$468K−$2.4M−$10.3M$383M$94K$18.2M$14.6M
Q4 2024$11.2M−$1.6M−$1.8M——$84K−$69.1M$9.6M

Hills Bancorporation: income statement and cash flow

Hills Bancorporation, Q3 2026: revenue $54.8M (+28% year over year), operating margin 54.7%. The chart follows the revenue to costs, profit and cash.

Hills Bancorporation: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.