Heartland Financial

Jan 27, 2020

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Dec 31, 2019

Heartland Financial Q4 2019 Earnings Report

Reported record annual earnings and strong fourth quarter results.

Key Takeaways

Heartland Financial USA, Inc. reported net income available to common stockholders of $37.9 million, or $1.03 per diluted common share, for the quarter ended December 31, 2019, compared to $32.1 million, or $0.93 per diluted common share, for the fourth quarter of 2018.

Record annual net income available to common stockholders of $149.1 million, an increase of $32.2 million or 28% from $117.0 million for 2018

Quarterly net income available to common stockholders of $37.9 million or $1.03 per diluted common share in comparison with $32.1 million or $0.93 per diluted common share for the fourth quarter of the prior year

Net interest margin of 3.86%, fully tax-equivalent (non-GAAP) of 3.90% for the fourth quarter of 2019

Completed the acquisition of substantially all of the assets and deposits and certain other liabilities of Rockford Bank and Trust Company