Heartland Financial Earnings Reports

Heartland Financial USA, Inc. reported a solid third quarter with an increase in net interest margin and an improved tangible common equity ratio. The company completed the strategic sale of Rocky Mountain Bank in Montana, resulting in a net gain of $29.7 million.

Heartland Financial USA, Inc. reported a net income available to common stockholders of $37.7 million, or $0.88 per common share, for the quarter ended June 30, 2024. Adjusted earnings available to common stockholders were $49.6 million, or $1.15 per diluted common share (non-GAAP). The company's net interest margin increased to 3.73% for the quarter, and they closed on the sale of all nine Rocky Mountain Bank branches in Montana.

Heartland Financial USA, Inc. reported a solid first quarter with net income available to common stockholders of $49.7 million, or $1.16 per common share. Adjusted earnings were $52.4 million, or $1.22 per diluted common share, excluding certain costs. The company's net interest margin increased, and credit quality remained stable. HTLF also announced the sale of Rocky Mountain Bank as part of its HTLF 3.0 strategic plan.

Heartland Financial USA, Inc. reported a net loss available to common stockholders of ($72.4) million, or ($1.69) per diluted common share, but adjusted earnings available to common stockholders of $45.6 million, or $1.06 per diluted common share. Loan growth was $196.2 million, and average customer deposits grew $270.7 million. The common equity ratio increased to 9.27%, and the net interest margin improved to 3.52%.

Heartland Financial USA, Inc. reported a net income available to common stockholders of $46.1 million, or $1.08 per diluted common share, for the quarter ended September 30, 2023. The company saw growth in loans and customer deposits, maintained stable credit quality, and effectively managed core expenses. The final charter consolidation was also completed.

Heartland Financial USA, Inc. reported a net income available to common stockholders of $47.4 million and diluted earnings per common share of $1.11 for the quarter ended June 30, 2023. Total revenue grew by 1% compared to the same quarter in 2022, driven by loan growth and new customer relationships.

Heartland Financial USA, Inc. reported a strong first quarter with net income available to common stockholders of $50.8 million and diluted earnings per common share of $1.19. The company maintained solid regulatory capital ratios, enhanced its strong liquidity position, and delivered excellent credit metrics.

Heartland Financial USA, Inc. reported a strong fourth quarter with net income available to common stockholders of $58.6 million, or $1.37 per diluted common share. The company saw quarterly loan growth of $504.8 million and total revenue growth of $10.1 million. HTLF also completed the consolidation of two bank charters during the quarter.

Heartland Financial reported a net income available to common stockholders of $54.6 million for the quarter ended September 30, 2022, compared to $53.9 million for the same period in 2021. Diluted earnings per common share increased to $1.28 from $1.27. The company's efficiency ratio improved, and it experienced solid loan growth.

Heartland Financial reported excellent second-quarter results with significant loan growth, solid credit metrics, and an improved efficiency ratio. Net income available to common stockholders was $49.9 million, and diluted earnings per common share were $1.17.

Heartland Financial USA, Inc. reported a decrease in net income available to common stockholders and earnings per diluted common share for the quarter ended March 31, 2022, compared to the same period in 2021. However, the company experienced strong loan growth, increased fee revenue, and excellent credit metrics.

Heartland Financial USA, Inc. reported record annual net income available to common stockholders of $211.9 million, or $5.00 per diluted common share, with strong loan growth and excellent credit quality.

Heartland Financial USA, Inc. reported a strong third quarter with net income available to common stockholders of $53.9 million, an 18% increase compared to the third quarter of 2020. The company saw growth in non-PPP loans and a record low level of loan delinquencies.

Heartland Financial reported a strong second quarter in 2021, with net income available to common stockholders increasing by 98% compared to the same quarter last year, reaching $59.6 million. The success was attributed to loan growth excluding PPP loans, non-time deposit growth, and improved credit quality.

Heartland Financial USA, Inc. reported a record quarterly net income available to common stockholders of $50.8 million for Q1 2021, compared to $20.0 million for the same period in 2020. The strong results were driven by increased net interest income, reduced provision for credit losses, and an improved efficiency ratio.

Heartland Financial reported a net income available to common stockholders of $37.8 million, or $0.98 per diluted common share, for the fourth quarter of 2020. The company's net interest margin was 3.51%, and the efficiency ratio was 54.93%.

Heartland Financial USA, Inc. reported a record quarterly net income available to common stockholders of $45.5 million for the third quarter of 2020, an increase of 32% compared to the same quarter of 2019. Diluted earnings per common share increased by 31% to $1.23.

Heartland Financial USA, Inc. reported a net income of $30.1 million, or $0.82 per diluted common share, for the quarter ended June 30, 2020. The company funded approximately 4,800 PPP loans totaling $1.20 billion and completed the issuance of $115.0 million of preferred equity.

Heartland Financial reported a solid first quarter with a net income of $20.0 million, or $0.54 per diluted common share. The company experienced commercial loan growth of $76.5 million and non-time deposit growth of $212.3 million. The net interest margin was 3.81%, and the efficiency ratio improved to 61.82%.

Heartland Financial USA, Inc. reported net income available to common stockholders of $37.9 million, or $1.03 per diluted common share, for the quarter ended December 31, 2019, compared to $32.1 million, or $0.93 per diluted common share, for the fourth quarter of 2018.