Heartland Financial Q1 2024 Earnings Report
Key Takeaways
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.
Net income available to common stockholders was $49.7 million, or $1.16 per common share.
Adjusted earnings available to common stockholders were $52.4 million, or $1.22 per diluted common share.
Net interest margin, full tax-equivalent (non-GAAP) increased to 3.57%.
Customer deposit growth of $9.2 million, excluding the impact of Rocky Mountain Bank deposits.
Heartland Financial
Heartland Financial
Forward Guidance
Heartland Financial USA, Inc. has entered into a merger agreement with UMB Financial Corporation, leading to the cancellation of the Q1 2024 conference call.