Hills Bancorporation
Market Movers (8-K)
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Hills Bancorporation announced a two-for-one stock split, increasing authorized common shares and setting a record date for shareholders.
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Hills Bancorporation's Board of Directors approved an amendment to its Bylaws to adopt uncertificated book entry registration as the default for share ownership.
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Hills Bancorporation's subsidiary, Hills Bank and Trust Company, has entered into an agreement to purchase approximately 19.2 acres of land and improvements in Iowa City for $20.7 million to consolidate operations and support future growth.
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Hills Bancorporation has approved a 2-for-1 stock split for shareholders of record as of June 1, 2026.
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Hills Bancorporation shareholders re-elected four directors and ratified the appointment of Crowe, LLP as auditors.
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Hills Bancorporation reports the retirement of three directors from its Board in accordance with company policy.
Quarterly Earnings (10-Q)
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Hills Bancorporation announced a significant increase in net income for the first quarter of 2026, driven by higher net interest income and a decrease in credit loss expenses.
Better than expected
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Hills Bancorporation filed an amended quarterly report for Q3 2025 to correct an inadvertent draft upload and update internal control conclusions, with no material changes to financial data.
Delay expected
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Hills Bancorporation reported a significant 25.72% increase in net income for the first nine months of 2025, driven by higher net interest income despite increased credit loss expense and a loss on sale of investment securities.
Better than expected
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Hills Bancorporation reported a significant 35.53% increase in net income for the first half of 2025, driven by strong net interest income growth and improved asset quality.
Better than expected
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Hills Bancorporation's Q1 2025 net income increased by 19.28% year-over-year, primarily driven by growth in net interest income.
Better than expected
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10-Q: Hills Bancorporation Reports Increased Net Income for Q3 2024 Despite Net Interest Income Decline
Hills Bancorporation's Q3 2024 earnings show a significant increase in net income driven by reduced credit loss expenses and increased noninterest income, despite a slight decrease in net interest income.
Better than expected
Annual Reports (10-K)
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10-K: Hills Bancorporation Reports Increased Net Income for 2024, Despite Internal Control Weaknesses
Hills Bancorporation's 2024 10-K filing reveals a rise in net income alongside identified material weaknesses in internal control over financial reporting.
Better than expected
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Hills Bancorporation experienced significant loan growth in 2023, particularly in real estate, though net income decreased compared to the previous year.
Worse than expected
Insider Trading (Form 4)
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Hills Bancorporation President and CEO Lisa A. Shileny acquired company common stock through the employee stock purchase plan.
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Hills Bancorporation reports an insider purchase of common stock by its SVP and Chief Financial Officer.
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Hills Bancorporation reports an insider purchase of common stock by SVP Brian R. Globokar.
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Kenza Nelson, SVP and General Counsel of Hills Bancorporation, acquired 50.4064 shares of common stock through the company's employee stock purchase plan.
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Hills Bancorporation Director Roger K. Smith acquired 1,371 stock options at an exercise price of $87.5, exercisable from May 12, 2031.
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Brian R. Globokar, SVP of Trust & Wealth Management at Hills Bancorporation, acquired 30.6748 shares of common stock through the employee stock purchase plan.
Proxy Statements (Def-14A)
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Hills Bancorporation will hold its annual shareholder meeting on April 21, 2025, to elect directors, conduct advisory votes on executive compensation and the appointment of the independent accounting firm.
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Hills Bancorporation will hold its annual shareholder meeting on April 15, 2024, to elect directors, conduct an advisory vote on executive compensation, and vote on the appointment of its independent registered public accounting firm.
Institutional Holdings (13F)
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Hills Bancorporation filed a Form 13F-NT indicating that its institutional investment holdings are reported by another manager.
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Hills Bancorporation filed a 13F Notice for the quarter ended December 31, 2025, indicating its holdings are reported by Hills Bank & Trust Co.
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Hills Bancorporation filed a Form 13F-NT, indicating its investment holdings are reported by Hills Bank & Trust Co.
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Hills Bancorporation filed a Form 13F-NT, indicating its investment holdings are reported by an affiliated entity, Hills Bank & Trust Co, for the quarter ended June 30, 2025.
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Hills Bancorporation reports no holdings for the quarter ended March 31, 2025, in its 13F filing.
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Hills Bancorporation filed a 13F notice indicating no holdings were reported for the quarter ending December 31, 2024, with all holdings reported by other reporting managers.
Schedule 13G - Passive Investments
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Hills Bank & Trust Co's Employee Stock Ownership Plan (ESOP) has filed an amendment confirming its beneficial ownership of 7.6% of Hills Bancorporation's common stock.
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Hills Bank & Trust Co, as Trustee for its Employee Stock Ownership Plan, reported beneficial ownership of 7.5% of Hills Bancorporation's common stock as of December 31, 2024.