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Jun 30, 2024
Heartland Financial Q2 2024 Earnings Report
Reported solid results driven by increased net interest income and expanded margin.
Key Takeaways
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.
Net income available to common stockholders was $37.7 million, or $0.88 per common share.
Adjusted earnings available to common stockholders were $49.6 million, or $1.15 adjusted diluted earnings per common share (non-GAAP).
Net interest margin increased to 3.73% for the quarter ended June 30, 2024, from 3.57% for the quarter ended March 31, 2024.
Company closed on the sale of all nine Rocky Mountain Bank branches in Montana in mid-July.
Forward Guidance
Heartland Financial USA, Inc. is working closely with UMB on integration planning for their two companies as they continue towards an expected Q1 2025 transaction close date.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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