HWBK Q2 net income +20% to $7.3M; material weakness in non-routine transaction accounting

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Material weakness identified in internal controls over non-routine transaction accounting remains unremediated as of Q2 2026, rendering disclosure controls ineffective. Errors occurred in sale-leaseback and tax credit investment accounting.

  Controls & Procedures verify on EDGAR →
• high

  Company entered definitive agreement to acquire FSC Bancshares for ~$28.3M in cash and stock, adding nine northern Missouri branches and $383.7M in assets; transaction expected to close Q3 2026 pending shareholder approval.

  Notes: Pending Acquisition verify on EDGAR →
• medium

  Share repurchases declined sharply: 12,000 shares for $0.4M in H1 2026 versus 79,777 shares for $2.2M in H1 2025. Board increased authorization to $10M in July 2026.

  MD&A: Capital Management verify on EDGAR →