Heartland Financial Q4 2020 Earnings Report
Key Takeaways
Heartland Financial reported a net income available to common stockholders of $37.8 million, or $0.98 per diluted common share, for the fourth quarter of 2020. The company's net interest margin was 3.51%, and the efficiency ratio was 54.93%.
Quarterly net income available to common stockholders of $37.8 million or $0.98 per diluted common share
Annual net income available to common stockholders of $133.5 million or $3.57 per diluted common share
Net interest margin of 3.51%, fully tax-equivalent (non-GAAP) of 3.55% for the fourth quarter
Efficiency ratio (non-GAAP) for the fourth quarter of 2020 of 54.93% and 56.65% for the year
Heartland Financial
Heartland Financial
Forward Guidance
The ultimate impact of the COVID-19 pandemic on Heartland's financial condition and results of operations will depend on the severity and duration of the pandemic, related restrictions on business and consumer activity, roll-out and distribution of vaccines and the availability of government programs to alleviate the economic stress of the pandemic.