Hills Bancorporation.
- HBIA · OTC
- State Commercial Banks
- Hills, IA
- 511 employees
- CIK 0000732417
Updated from SEC filings through
Top things to know
Executives
- Lisa A. Shileny President and CEO 4, 2026-07-06
- Anthony Roetlin V. SVP Chief Financial Officer 4, 2026-07-06
- Anthony V. Roetlin Treasurer, Chief Financial Officer and Chief Accounting Officer 10-K, 2026-03-18
- Brian R. Globokar SVP, Dr of Trust & Wealth Mgmt 4, 2026-07-06
- Kenza Bemis Nelson SVP, General Counsel 4, 2026-07-06
- Timothy D. Finer SVP, Director of Comml Banking 4, 2026-04-02
Hills Bancorporation is a U.S. public company in state commercial banks (SIC 6022), headquartered in Hills, IA. It trades as HBIA on OTC. Revenue was $234M in the fiscal year ending December 31, 2025, +14.9% from the year before. It reported about 511 employees. Lisa A. Shileny is President and CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $234M 10-K, 2026-03-18 | $203M 10-K, 2026-03-18 | $171M 10-K, 2026-03-18 | $131M 10-K, 2025-03-14 | $122M 10-K, 2024-03-05 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $60.5M 10-K, 2026-03-18 | $47.6M 10-K, 2026-03-18 | $38.2M 10-K, 2026-03-18 | $47.8M 10-K, 2025-03-14 | $48.1M 10-K, 2024-03-05 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Lisa A. Shileny President and Chief Executive Officer at Hills Bank and Trust Company | President and CEO | 4, 2026-07-06 |
| Anthony Roetlin V. CFO at Hills Bank & Trust Company | SVP Chief Financial Officer | 4, 2026-07-06 |
| Anthony V. Roetlin | Treasurer, Chief Financial Officer and Chief Accounting Officer | 10-K, 2026-03-18 |
| Brian R. Globokar Wealth Management and Financial Planning Professional | SVP, Dr of Trust & Wealth Mgmt | 4, 2026-07-06 |
| Kenza Bemis Nelson | SVP, General Counsel | 4, 2026-07-06 |
| Timothy D. Finer | SVP, Director of Comml Banking | 4, 2026-04-02 |
| Amy E. T. Sparks | Director | 10-K, 2026-03-18 |
| Ann M. Rhodes | Director | 10-K, 2026-03-18 |
| Casey L. Peck | Director | 10-K, 2026-03-18 |
| Emily A. Hughes | Director | 10-K, 2026-03-18 |
| James C. Schmitt | Director | 10-K, 2026-03-18 |
| John W. Phelan | Director | 10-K, 2026-03-18 |
| Kirsten H. Frey | Director | 10-K, 2026-03-18 |
| Kristie L. Fisher | Director | 10-K, 2026-03-18 |
| Michael D. Jensen | Director | 10-K, 2026-03-18 |
| Michael E. Hodge | Director | 10-K, 2026-03-18 |
What Hills Bancorporation does
Hills Bancorporation (the "Company") is a holding company principally engaged, through its subsidiary bank, in the business of banking. The Company was incorporated December 12, 1982 and all operations are conducted within the state of Iowa. The Company became owner of 100% of the outstanding stock of Hills Bank and Trust Company, Hills, Iowa (“Hills Bank and Trust” or the “Bank”) as of January 23, 1984 when stockholders of Hills Bank and Trust exchanged their shares for shares of the Company.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 17.4 million (as of October 31, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $598M (as of June 30, 2025) | 10-K, March 18, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed March 18, 2026) | DEF 14A, March 18, 2026 |
| Auditor | Forvis Mazars, LLP (Springfield, Missouri) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| October 9, 2026 | Thomas M. Slattery Director | Buy | 1,000 | $47K | Form 4, October 13, 2026 |
| October 9, 2026 | John W. Phelan Director | Sale | 1,000 | $47K | Form 4, October 13, 2026 |
| December 15, 2025 | Brian R. Globokar SVP, Dr of Trust & Wealth Mgmt | Sale | 478 | $39K | Form 4, February 20, 2026 |
Recent 8-K events
- 8-K filed 2026-05-20
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-05-18
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-05-15
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-04-24
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-24
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-24
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-24
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-06
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2026-01-09
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2025-04-22
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Hills Bancorporation
- What does Hills Bancorporation do?
- In its own words, from Item 1 of its 10-K: "Hills Bancorporation (the "Company") is a holding company principally engaged, through its subsidiary bank, in the business of banking. The Company was incorporated December 12, 1982 and all operations are conducted within the state of Iowa. The Company became owner of 100% of the outstanding stock of Hills Bank and Trust Company, Hills, Iowa (“Hills Bank and Trust” or the “Bank”) as of January 23, 1984 when stockholders of Hills Bank and Trust exchanged their shares for shares of the Company."
- What is Hills Bancorporation's revenue?
- $234M for the fiscal year ending December 31, 2025, from its 10-K filed March 18, 2026.
- Is Hills Bancorporation profitable?
- Hills Bancorporation reported net income of $60.5M for the fiscal year ending December 31, 2025.
- How many employees does Hills Bancorporation have?
- About 511 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Hills Bancorporation?
- Lisa A. Shileny, President and CEO, as named in a 4 filed July 6, 2026.
- Who is the CFO of Hills Bancorporation?
- Anthony Roetlin V., SVP Chief Financial Officer, as named in a 4 filed July 6, 2026.
- Where is Hills Bancorporation headquartered?
- Hills, IA.
- What is Hills Bancorporation's stock ticker?
- HBIA on OTC.
- What industry is Hills Bancorporation in?
- State Commercial Banks, SIC code 6022.
- What is Hills Bancorporation's website?
- hillsbank.com. Investor relations: https://www.hillsbank.com/investor-relations.
- When does Hills Bancorporation report earnings next?
- March 14, 2027. Source: estimate_10q_cadence.
- Is Hills Bancorporation a public company?
- Yes. Hills Bancorporation files with the SEC under CIK 0000732417 and trades as HBIA.
- Who audits Hills Bancorporation?
- Forvis Mazars, LLP, Springfield, Missouri, as named in its latest annual report (10-K).
- How many shares of Hills Bancorporation are outstanding?
- 17.4 million shares as of October 31, 2026, from its 10-Q filed November 6, 2026.
- What is Hills Bancorporation's public float?
- $598M as of June 30, 2025, as reported on the cover of its 10-K filed March 18, 2026.
- How many business segments does Hills Bancorporation report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Hills Bancorporation's annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed March 18, 2026.
- Have Hills Bancorporation insiders traded stock recently?
- Since December 15, 2025, officers and directors reported 2 open-market sales worth about $86K and 1 purchase worth about $47K on Forms 4 and 5. The most recent: Thomas M. Slattery (Director) bought 1,000 shares on October 9, 2026.