In the Q2, Hawthorn Bancshares Inc 's corporate clients experienced a reduction by -6.28 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 11.66 %. During the corresponding time, Hawthorn Bancshares Inc recorded a revenue increase by 13.47 % year on year, sequentially revenue grew by 11.26 %. While revenue at the Hawthorn Bancshares Inc 's corporate clients recorded rose by 1.06 % year on year, sequentially revenue grew by 20.16 %.
Customers of Hawthorn Bancshares Inc saw their costs of revenue decrease by -6.28 % in Q2 compare to a year ago, sequentially costs of revenue grew by 11.66 %, for the same period Hawthorn Bancshares Inc recorded revenue increase by 13.47 % year on year, sequentially revenue grew by 11.26 %.
Hawthorn Bancshares Inc's Comment on Sales, Marketing and Customers
The Bank experiences substantial competition for deposits and loans within both
its primary service areas of Jefferson City, Columbia, Clinton, Lees Summit,
Warsaw, Springfield, and Branson, Missouri and its secondary service area of the
nearby communities in Cole, Boone, Henry, Cass, Benton, and Greene counties of
Missouri. Hawthorn Banks principal competition for deposits and loans comes from
other banks within its primary service areas and, to an increasing extent, other
banks in nearby communities. Based on publicly available information, management
believes that Hawthorn Bank is the third largest (in terms of deposits) of the
thirteen banks within Cole county, the twelfth largest (in terms of deposits)
of thirty-two banks within Boone county, the largest
Hawthorn Bancshares Inc’s Comment on Sales, Marketing and Customers
The Bank experiences substantial competition for deposits and loans within both
its primary service areas of Jefferson City, Columbia, Clinton, Lees Summit,
Warsaw, Springfield, and Branson, Missouri and its secondary service area of the
nearby communities in Cole, Boone, Henry, Cass, Benton, and Greene counties of
Missouri. Hawthorn Banks principal competition for deposits and loans comes from
other banks within its primary service areas and, to an increasing extent, other
banks in nearby communities. Based on publicly available information, management
believes that Hawthorn Bank is the third largest (in terms of deposits) of the
thirteen banks within Cole county, the twelfth largest (in terms of deposits)
of thirty-two banks within Boone county, the largest
Sources:
Hawthorn Bancshares Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Hawthorn Bancshares Inc’s corporate clients.
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