Hills Bancorporation
Hills Bancorporation operates as the bank holding company for Hills Bank and Trust Company that provides commercial banking in the state of Iowa. It accepts various deposits, such as demand, savings, and time deposits; and offers products, including real estate loans comprising residential, multi-family, and commercial real estate loans; mortgage and construction loans; commercial and financial l… Read more
Hills Bancorporation (HBIA) - Net Assets
Latest net assets as of September 2025: $584.38 Million USD
Based on the latest financial reports, Hills Bancorporation (HBIA) has net assets worth $584.38 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.65 Billion) and total liabilities ($4.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $584.38 Million |
| % of Total Assets | 12.56% |
| Annual Growth Rate | 9.17% |
| 5-Year Change | 16.73% |
| 10-Year Change | 74.65% |
| Growth Volatility | 7.37 |
Hills Bancorporation - Net Assets Trend (1999–2024)
This chart illustrates how Hills Bancorporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hills Bancorporation (1999–2024)
The table below shows the annual net assets of Hills Bancorporation from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $540.94 Million | +5.01% |
| 2023-12-31 | $515.14 Million | +7.48% |
| 2022-12-31 | $479.27 Million | -1.88% |
| 2021-12-31 | $488.46 Million | +5.41% |
| 2020-12-31 | $463.40 Million | +8.52% |
| 2019-12-31 | $427.04 Million | +11.28% |
| 2018-12-31 | $383.75 Million | +8.09% |
| 2017-12-31 | $355.02 Million | +7.57% |
| 2016-12-31 | $330.05 Million | +6.56% |
| 2015-12-31 | $309.74 Million | +6.77% |
| 2014-12-31 | $290.10 Million | +6.12% |
| 2013-12-31 | $273.36 Million | +6.82% |
| 2012-12-31 | $255.91 Million | +8.32% |
| 2011-12-31 | $236.25 Million | +42.09% |
| 2010-12-31 | $166.27 Million | +9.55% |
| 2009-12-31 | $151.78 Million | +8.91% |
| 2008-12-31 | $139.36 Million | +6.64% |
| 2007-12-31 | $130.69 Million | +10.16% |
| 2006-12-31 | $118.64 Million | +8.37% |
| 2005-12-31 | $109.48 Million | +5.47% |
| 2004-12-31 | $103.80 Million | +7.27% |
| 2003-12-31 | $96.77 Million | +9.86% |
| 2002-12-31 | $88.08 Million | +12.70% |
| 2001-12-31 | $78.16 Million | +14.05% |
| 2000-12-31 | $68.52 Million | +13.71% |
| 1999-12-31 | $60.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hills Bancorporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 833.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $578.88 Million | 107.01% |
| Common Stock | $46.55 Million | 8.61% |
| Other Comprehensive Income | $-27.30 Million | -5.05% |
| Total Equity | $540.94 Million | 100.00% |
Hills Bancorporation Competitors by Market Cap
The table below lists competitors of Hills Bancorporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SYoung Group Co Ltd
SHE:300740
|
$515.58 Million |
|
Alexanders Inc
NYSE:ALX
|
$515.62 Million |
|
Gielda Papierow Wartosciowych w Warszawie SA
WAR:GPW
|
$515.70 Million |
|
Beijing North Star Co Ltd Class A
SHG:601588
|
$515.76 Million |
|
NEXPOINT RESIDENT. DL-01
F:5O4
|
$515.51 Million |
|
HANSEN TECHNOLOGIES LTD.
F:H2T
|
$515.43 Million |
|
1&1 AG
XETRA:1U1
|
$515.31 Million |
|
CTO REALTY GROWTH NEW DL1
F:8QB0
|
$515.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hills Bancorporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 515,139,000 to 540,944,000, a change of 25,805,000 (5.0%).
- Net income of 47,604,000 contributed positively to equity growth.
- Dividend payments of 10,051,000 reduced retained earnings.
- Share repurchases of 12,902,000 reduced equity.
- Other comprehensive income decreased equity by 124,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.60 Million | +8.8% |
| Dividends Paid | $10.05 Million | -1.86% |
| Share Repurchases | $12.90 Million | -2.39% |
| Other Comprehensive Income | $-124.00K | -0.02% |
| Other Changes | $1.28 Million | +0.24% |
| Total Change | $- | 5.01% |
Book Value vs Market Value Analysis
This analysis compares Hills Bancorporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.98x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $6.72 | $73.75 | x |
| 2000-12-31 | $7.57 | $73.75 | x |
| 2001-12-31 | $8.63 | $73.75 | x |
| 2002-12-31 | $9.71 | $73.75 | x |
| 2003-12-31 | $10.65 | $73.75 | x |
| 2004-12-31 | $11.37 | $73.75 | x |
| 2005-12-31 | $11.96 | $73.75 | x |
| 2006-12-31 | $12.95 | $73.75 | x |
| 2007-12-31 | $14.46 | $73.75 | x |
| 2008-12-31 | $15.54 | $73.75 | x |
| 2009-12-31 | $17.11 | $73.75 | x |
| 2010-12-31 | $18.82 | $73.75 | x |
| 2011-12-31 | $26.49 | $73.75 | x |
| 2012-12-31 | $27.10 | $73.75 | x |
| 2013-12-31 | $29.00 | $73.75 | x |
| 2014-12-31 | $30.88 | $73.75 | x |
| 2015-12-31 | $33.13 | $73.75 | x |
| 2016-12-31 | $35.51 | $73.75 | x |
| 2017-12-31 | $38.03 | $73.75 | x |
| 2018-12-31 | $40.95 | $73.75 | x |
| 2019-12-31 | $45.62 | $73.75 | x |
| 2020-12-31 | $49.44 | $73.75 | x |
| 2021-12-31 | $52.46 | $73.75 | x |
| 2022-12-31 | $51.52 | $73.75 | x |
| 2023-12-31 | $56.13 | $73.75 | x |
| 2024-12-31 | $59.77 | $73.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hills Bancorporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.67%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 8.48x
- Recent ROE (8.80%) is below the historical average (11.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 14.05% | 14.71% | 0.07x | 12.84x | $2.44 Million |
| 2000 | 13.67% | 13.87% | 0.08x | 12.78x | $2.51 Million |
| 2001 | 12.98% | 13.90% | 0.07x | 12.49x | $2.33 Million |
| 2002 | 13.01% | 15.33% | 0.07x | 12.47x | $2.66 Million |
| 2003 | 14.75% | 28.35% | 0.04x | 12.23x | $4.59 Million |
| 2004 | 13.67% | 18.23% | 0.06x | 12.43x | $3.81 Million |
| 2005 | 13.89% | 17.43% | 0.06x | 13.10x | $4.25 Million |
| 2006 | 13.11% | 15.22% | 0.07x | 13.08x | $3.70 Million |
| 2007 | 12.35% | 14.30% | 0.07x | 12.71x | $3.07 Million |
| 2008 | 10.15% | 20.01% | 0.04x | 12.78x | $203.80K |
| 2009 | 10.53% | 20.50% | 0.04x | 12.06x | $807.50K |
| 2010 | 14.02% | 26.72% | 0.05x | 11.62x | $6.69 Million |
| 2011 | 11.33% | 23.94% | 0.06x | 8.54x | $3.15 Million |
| 2012 | 10.49% | 24.40% | 0.05x | 8.20x | $1.24 Million |
| 2013 | 9.49% | 24.91% | 0.05x | 7.93x | $-1.41 Million |
| 2014 | 9.30% | 25.46% | 0.05x | 8.05x | $-2.04 Million |
| 2015 | 9.17% | 25.16% | 0.05x | 8.05x | $-2.56 Million |
| 2016 | 9.56% | 26.82% | 0.04x | 8.05x | $-1.45 Million |
| 2017 | 7.90% | 22.14% | 0.04x | 8.35x | $-7.44 Million |
| 2018 | 9.58% | 25.78% | 0.05x | 7.93x | $-1.61 Million |
| 2019 | 10.61% | 28.84% | 0.05x | 7.73x | $2.61 Million |
| 2020 | 8.34% | 24.64% | 0.04x | 8.16x | $-7.69 Million |
| 2021 | 9.84% | 30.91% | 0.04x | 8.28x | $-761.30K |
| 2022 | 9.96% | 30.06% | 0.04x | 8.31x | $-174.10K |
| 2023 | 7.41% | 19.13% | 0.05x | 8.43x | $-13.34 Million |
| 2024 | 8.80% | 20.67% | 0.05x | 8.48x | $-6.49 Million |
Industry Comparison
This section compares Hills Bancorporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hills Bancorporation (HBIA) | $584.38 Million | 14.05% | 6.96x | $515.54 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |