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Hills Bancorporation (HBIA) guidance and outlook

Hills Bancorporation's 10-Q filed Nov 6, 2026 makes 16 forward-looking statements, 1 of them new and 0 no longer said since the filing before.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 6, 2026

• • The strength of the United States economy in general and the strength of the local economies in which the Company conducts its operations which may be less favorable than expected and may result in, among other things, a deterioration in the credit quality and value of the Company’s assets.
• • Technological changes implemented by the Company and by other parties, including third party vendors, which may be more difficult or more expensive than anticipated or which may have unforeseen consequences to the Company and its customers.
• • The ability of the Company to manage the risks associated with the foregoing as well as anticipated.
• For the third quarter of 2026, per the Beige Book, economic activity for the Company's region was flat on balance in late August and September, and contacts expected a slight pace of increase in the coming year.
• The Company intends to use the property to consolidate operational teams in a single location and to address long-term operational needs.
• The Company has paid $2.00 million in earnest money for this project, which is scheduled to close in the first quarter of 2027.
• In general, the loan origination policy attempts to reduce the risk of credit loss to the Company by requiring, among other things, maintenance of minimum loan to value ratios, evidence of appropriate levels of insurance carried by borrowers and documentation of appropriate types and amounts of collateral and sources of expected payment.
• These assumptions include, among others, economic forecasts (most notably the Iowa unemployment rate and national real gross domestic product), prepayment speeds, curtailment rates, probability of default, loss given default, time to recovery, and qualitative factors applied by management to address risks not fully captured by quantitative models.
• For example, adverse changes in economic conditions, including increases in unemployment or deterioration in macroeconomic indicators used in the Company’s reasonable and supportable forecast, could result in higher modeled probabilities of default and loss severity, which would increase the ACL and related credit loss expense.
• The Company continues to have sufficient liquidity resources available to fund expected additional loan growth.
• Investments in liquid assets are adjusted based on expected loan demand, projected loan and investment securities maturities and payments, expected deposit flows and the objectives set by the Company's asset-liability management, liquidity and contingency funding policies.
• The Company has paid $2.00 million in earnest money for this project.

Hills Bancorporation's latest quarter

Questions

What does Hills Bancorporation expect?

These changes included revisions to quantitative assumptions, such as loss drivers, max loss rates, prepayment rates, curtailment rates and economic forecasts, and adjustments to qualitative factors driven primarily by changes in economic conditions partially offset by changes in management experience, which resulted in a decrease in the ACL.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.