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Hills Bancorporation

HBIA · OTC

4 reporting failures in the last 12 months

Companies at this level ended the following year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for companies with a clean record.

$598Mpublic float
2026-04-06most recent failure

Score over time

01234202220232024202520262026-01-01 · score 12025-11-12 filed late (10-Q) · auditor2026-04-01 · score 32026-03-16 filed late (10-K) · material weakness2026-01-09 auditor change2025-11-12 filed late (10-Q) · auditor2026-07-01 · score 42026-04-06 auditor change2026-03-16 filed late (10-K) · material weakness2026-01-09 auditor change2025-11-12 filed late (10-Q) · auditor2026-10-01 · score 42026-04-06 auditor change2026-03-16 filed late (10-K) · material weakness2026-01-09 auditor change2025-11-12 filed late (10-Q) · auditor

Hover or tap a dot to see the filings behind that score.

Why they said they were late

The Company has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) within the time period prescribed because the Company is evaluating certain complex accounting and disclosure matters, and additional time is required to complete these evaluations and related disclosures and to finalize supporting documentation to complete our financial reporting. The Company’s independent registered public accounting firm, Forvis Mazars, LLP, will then require time to complete the necessary procedures to issue its opinions on the consolidated financial statements and the Company’s internal control over financial reporting also to be included in the 2025 Annual Report

NT 10-K, filed 2026-03-16 · material weakness

What it filed

2026-04-06auditor changed or resigned SEC →

2026-03-16filed late (10-K)material weakness SEC →

The Company has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) within the time period prescribed because the Company is evaluating certain complex accounting and disclosure matters, and additional time is required to complete these evaluations and related disclosures and to finalize supporting documentation to complete our financial reporting. The Company’s independent registered public accounting firm, Forvis Mazars, LLP, will then require time to complete the necessary procedures to issue its opinions on the consolidated financial statements and the Company’s internal control over financial reporting also to be included in the 2025 Annual Report

2026-01-09auditor changed or resigned SEC →

2025-11-12filed late (10-Q)auditor SEC →

On November 10, 2025, Hills Bancorporation (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025, and inadvertently uploaded to EDGAR an earlier draft version of the report and not management’s final version of the report. Additionally, the Company’s independent public accountants, Forvis Mazars, LLP, had not completed its review at the time of filing within the requirements of applicable professional standards. Based upon the foregoing, the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2025, filed on November 10, 2025, was incomplete and therefore the Company will file an amendment to the report to correct these deficiencies

About this score

reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.

Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.

See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.

Every item above is a filing this company made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not investment advice

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