Hills Bancorporation Delays Annual 10-K Filing

Hills Bancorporation ( (HBIA) ) has released a notification of late filing.

Hills Bancorporation has filed a Form 12b-25 notifying investors of a delay in submitting its Form 10-K (Yearly Report) for the fiscal year ended December 31, 2025. The company’s annual filing, which contains audited financial statements and internal control reporting, will not be delivered by the original SEC deadline.

The company cites ongoing work on complex accounting and disclosure matters as the core reason for the delay in its Form 10-K (Yearly Report). Management states that additional time is required to complete these evaluations, finalize related disclosures, and assemble supporting documentation necessary for the year-end financial reporting package.

Once the company’s internal work is complete, its independent registered public accounting firm, Forvis Mazars, LLP, must still finalize its audit procedures. These include issuing opinions on Hills Bancorporation’s consolidated financial statements and on the effectiveness of its internal control over financial reporting, both of which will be included in the delayed Form 10-K (Yearly Report).

Hills Bancorporation has indicated that, under the 12b-25 relief, it expects to file the Form 10-K (Yearly Report) no later than the fifteenth calendar day after the prescribed due date. This timeline reflects both the remaining internal accounting reviews and the external auditor’s completion of required audit procedures.

The company does not currently anticipate any significant change in results of operations compared with the prior fiscal year to be reflected in the forthcoming annual earnings statements. While this statement is inherently forward-looking and subject to revision, management’s disclosure suggests that the delay is driven by complexity of reporting rather than by a major financial shock.

Hills Bancorporation affirms that all other periodic reports required in the last 12 months under the Securities Exchange Act have been filed on time. This indicates ongoing baseline compliance with SEC reporting obligations aside from the current Form 10-K (Yearly Report) delay.

The notification is signed on behalf of the company by Anthony V. Roetlin, who is duly authorized to execute the filing. His signature underscores management’s commitment to completing the outstanding accounting and audit work, restoring timely filing status, and maintaining transparent communication with shareholders and regulators.

More about Hills Bancorporation

Hills Bancorporation is a U.S. community banking holding company based in Hills, Iowa. It operates through its banking subsidiary, providing retail and commercial banking services, including loans, deposits, and related financial products to individuals, businesses, and local institutions.

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