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First United vs Hawthorn Bancshares: FUNC and HWBK compared
First United is the larger company: $25.2M of revenue in its latest quarter (Q3 2026) against $23.0M for Hawthorn Bancshares (Q3 2026). Hawthorn Bancshares is growing faster (+12% against +11% a year earlier). First United is more profitable, with an operating margin of 37.6% against 35.0%.
Where the money goes: FUNC and HWBK
First United (FUNC) · Q3 2026
First United, Q3 2026: revenue $25.2M (+11% year over year), operating margin 37.6%, net earnings $7.2M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
Hawthorn Bancshares (HWBK) · Q3 2026
Hawthorn Bancshares, Q3 2026: revenue $23.0M (+12% year over year), operating margin 35.0%, net earnings $7.1M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| First United (FUNC) | Hawthorn Bancshares (HWBK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $25.2M | $23.0M |
| Revenue growth, Y/Y | +11% | +12% |
| Operating margin | 37.6% | 35.0% |
| Net earnings | $7.2M | $7.1M |
| Net margin | 28.5% | 30.7% |
| Operating cash flow | $4.8M | −$1.8M |
| Free cash flow | $4.6M | — |
Where the revenue comes from
First United
- Net interest income: $19.6M (78%)
- Noninterest income: $5.6M (22%)
Hawthorn Bancshares
- Net interest income: $19.3M (84%)
- Noninterest income: $3.7M (16%)
Questions
Which is bigger, First United or Hawthorn Bancshares?
First United is the larger company: $25.2M of revenue in its latest quarter (Q3 2026) against $23.0M for Hawthorn Bancshares (Q3 2026).
Is First United or Hawthorn Bancshares growing faster?
Hawthorn Bancshares is growing faster (+12% against +11% a year earlier).
Which is more profitable, First United or Hawthorn Bancshares?
First United is more profitable, with an operating margin of 37.6% against 35.0%.
More: First United earnings · how First United makes money · Hawthorn Bancshares earnings · how Hawthorn Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.