Filing Flows › Hills Bancorporation (HBIA) › Q1 2026
Hills Bancorporation (HBIA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Hills Bancorporation (HBIA) reported revenue of $50.3M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +15% from the quarter before. Operating margin was 54.7%, net earnings $21.9M (43.6% of revenue).
Hills Bancorporation, Q1 2026: revenue $50.3M (+19% year over year), operating margin 54.7%, net earnings $21.9M, operating cash flow $21.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.3M | +15% | +19% |
| Operating profit | $27.5M | +52% | +55% |
| Net earnings | $21.9M | +51% | +52% |
| Operating cash flow | $21.2M | -6% | +41% |
| Free cash flow | $20.5M | -1% | +41% |
What changed
Revenue was $50.3M in Q1 2026, up 19% year over year and up 15% from the previous quarter. Net interest income was the largest line at 83% of revenue. Net interest income added $7.6M year over year (up 22%), 95% of the total change.
Operating profit was $27.5M, a 54.7% margin (up 12.7 points year over year). Of the extra revenue versus a year earlier, 121% reached operating profit, above the 42% margin then. Total costs fell 7% while revenue rose 19%. Net earnings were $21.9M, up 52% year over year. The effective tax rate was 20.2%.
Operating cash flow was $21.2M (up 41% year over year), 96% of net earnings. Non-cash charges added back $396K of depreciation and $12K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $615K left free cash flow of $20.5M.
Questions
What was Hills Bancorporation's revenue in the first quarter 2026?
Hills Bancorporation (HBIA) reported revenue of $50.3M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +15% from the quarter before.
Was Hills Bancorporation profitable in the first quarter 2026?
Operating profit was $27.5M (54.7% of revenue) and net earnings $21.9M.