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Sep 30, 2023
Heartland Financial Q3 2023 Earnings Report
Heartland Financial's financial performance remained solid, demonstrating growth in loans and customer deposits while maintaining stable credit quality and effectively managing core expenses.
Key Takeaways
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.
Net income available to common stockholders was $46.1 million.
Diluted earnings per common share were $1.08, including $0.04 of acquisition, integration, and restructuring costs.
Loan growth was $154.5 million, representing a 1% increase.
Total customer deposit growth was $152.3 million, also a 1% increase.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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