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Jun 30, 2021
Heartland Financial Q2 2021 Earnings Report
Reported record quarterly and year-to-date results.
Key Takeaways
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.
Net income available to common stockholders increased to $59.6 million, compared to $30.1 million for the second quarter of 2020, a 98% increase.
Diluted earnings per common share increased to $1.41, compared to $0.82 for the second quarter of the prior year, a 72% increase.
Loan growth was $287.7 million or 13% annualized, exclusive of Paycheck Protection Program (PPP) loans.
Non-time deposit growth was $133.3 million or 1% for the second quarter of 2021.
Forward Guidance
No forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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