Hills Bancorporation FY26 H1 net income rises 44.94% to $47.96 million
Reuters2026/08/06 18:35- Hills Bancorporation net income rose 44.94% to $47.96 million for the six months ended June 30, 2026; EPS climbed to $2.74.
- Net interest income increased 20.61% to $85.87 million, with tax-equivalent net interest margin widening 0.53 percentage point to 3.89%.
- Credit loss provision swung to a $2.52 million benefit, reflecting updated assumptions, portfolio performance, and changes in past-due loans and loan migration.
- Total assets grew to $4.8 billion, with loans net of allowance up $87.54 million to $3.59 billion; deposits increased $149.64 million.
- Entered a $20.7 million agreement to buy 19.2 acres for a future operations consolidation; $2 million earnest money paid, closing expected in Q1 2027.
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