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Mar 31, 2021
Heartland Financial Q1 2021 Earnings Report
Reported record quarterly results
Key Takeaways
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.
Record net income available to common stockholders of $50.8 million, a 153% increase compared to Q1 2020.
Diluted earnings per common share increased by 122% to $1.20, compared to $0.54 in Q1 2020.
Net interest income increased by 24% to $139.6 million, compared to $112.5 million in Q1 2020.
Efficiency ratio improved to 56.61% compared to 61.82% for the first quarter of 2020.
Forward Guidance
The press release does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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