13F-NT: Hills Bancorporation Files 13F Notice for Q4 2025

Hills Bancorporation filed a 13F Notice for the quarter ended December 31, 2025, indicating its holdings are reported by Hills Bank & Trust Co.

Summary

• Hills Bancorporation submitted a Form 13F-NT, a notice filing, for the calendar quarter ended December 31, 2025.
• This filing indicates that Hills Bancorporation itself is not reporting any investment holdings in this specific document.
• All investment holdings for Hills Bancorporation are reported by another entity, Hills Bank & Trust Co, under Form 13F File Number 028-11079.
• The report was signed by Anthony V. Roetlin, SVP, CFO, on February 5, 2026, confirming the accuracy and completeness of the information.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine compliance filing that provides no new information regarding investment performance or strategic direction, merely confirming reporting structure.

Positives

• Compliance with SEC reporting requirements by filing the Form 13F-NT.
• Clear delegation of reporting responsibilities to Hills Bank & Trust Co, streamlining the disclosure process for the group.

Negatives

• No specific investment holdings are disclosed in this filing, requiring investors to consult the associated filing by Hills Bank & Trust Co for portfolio details.

Risks

• The filing itself does not contain specific risk factors related to investment holdings or company operations, as it is a notice of reporting delegation.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future financial performance or strategic initiatives, as it is a procedural notice of investment holdings reporting.

Management Comments

• The person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Industry Context

StockSavvy.ai notes that 13F filings are standard for institutional investment managers, providing transparency into their equity holdings. A 13F-NT specifically indicates that the manager's holdings are reported by an affiliate, which is a common practice within banking groups or complex corporate structures to centralize reporting.

Comparison to Industry Standards

• This filing is a standard regulatory compliance document for institutional investment managers, aligning with industry practices for transparency in equity holdings.
• Many financial institutions, such as JPMorgan Chase & Co. or Bank of America Corporation, utilize similar structures where a parent entity files a notice while a subsidiary or affiliate reports the detailed holdings, ensuring comprehensive disclosure across related entities.

Related Party Transactions

• Hills Bank & Trust Co is reporting all holdings for Hills Bancorporation, indicating an inter-company reporting arrangement between related entities.

Stakeholder Impact

• Shareholders: Provides transparency on the reporting structure but requires consulting an additional filing for actual holdings data, potentially adding a step to due diligence.
• Regulatory Authorities: Confirms compliance with SEC reporting requirements for institutional investment managers.

Next Steps

• Investors interested in Hills Bancorporation's specific equity holdings should review the 13F Holdings Report filed by Hills Bank & Trust Co (Form 13F File No. 028-11079) for detailed portfolio information.

Key Dates

Keywords

Hills Bancorporation, 13F-NT, SEC filing, institutional investment manager, holdings report, Hills Bank & Trust Co, Q4 2025