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HILLS BANCORPORATION

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 10, 2025

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Extracted filing text, with the paragraph anchors used by the comparison.

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Item 1. Financial Statements

Consolidated balance sheets, September 30, 2025 (unaudited) and December 31, 20244
Consolidated statements of income (unaudited) for three and nine months ended September 30, 2025 and 20245
Consolidated statements of comprehensive income (unaudited) for three and nine months ended September 30, 2025 and 20246
Consolidated statements of stockholders' equity (unaudited) for three and nine months ended September 30, 2025 and 20248
Consolidated statements of cash flows (unaudited) for nine months ended September 30, 2025 and 20249
Notes to consolidated financial statements (condensed)11
Item 2.Management Discussion and Analysis of Financial Condition and Results of Operations52
Item 3.Quantitative and Qualitative Disclosures About Market Risk67
Item 4.Controls and Procedures68
Part II
OTHER INFORMATION
Item 1.Legal proceedings68
Item 1A.Risk factors68
Item 2.Unregistered sales of equity securities and use of proceeds70
Item 3.Defaults upon senior securities71
Item 4.Mine safety disclosures71
Item 5.Other information71
Item 6.Exhibits72
Signatures73

Index

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.