Filing Flows › Hills Bancorporation (HBIA) › Q4 2024
Hills Bancorporation (HBIA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
Hills Bancorporation (HBIA) reported revenue of $34.6M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -7% from the quarter before. Operating margin was 40.3%, net earnings $11.0M (31.9% of revenue).
Hills Bancorporation, Q4 2024: revenue $34.6M (-1% year over year), operating margin 40.3%, net earnings $11.0M, operating cash flow $11.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.6M | -7% | -1% |
| Operating profit | $13.9M | -9% | +58% |
| Net earnings | $11.0M | -9% | +60% |
| Operating cash flow | $11.2M | -55% | -9% |
| Free cash flow | $9.6M | -60% | -17% |
What changed
Revenue was $34.6M in Q4 2024, down 1% year over year and down 7% from the previous quarter. Net interest income was the largest line at 89% of revenue. Noninterest income lost $3.6M year over year (down 48%), 756% of the total change.
Operating profit was $13.9M, a 40.3% margin (up 15.2 points year over year). Total costs fell 21% while revenue fell 1%. Net earnings were $11.0M, up 60% year over year. The effective tax rate was 20.9%.
Operating cash flow was $11.2M (down 9% year over year), 102% of net earnings. Non-cash charges added back $602K of depreciation and $5K of share-based compensation. Capital expenditures of $1.6M left free cash flow of $9.6M.
Questions
What was Hills Bancorporation's revenue in the fourth quarter 2024?
Hills Bancorporation (HBIA) reported revenue of $34.6M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -7% from the quarter before.
Was Hills Bancorporation profitable in the fourth quarter 2024?
Operating profit was $13.9M (40.3% of revenue) and net earnings $11.0M.