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Dec 31, 2021

Heartland Financial Q4 2021 Earnings Report

Reported record annual earnings and fourth quarter results.

Key Takeaways

Heartland Financial USA, Inc. reported record annual net income available to common stockholders of $211.9 million, or $5.00 per diluted common share, with strong loan growth and excellent credit quality.

Record annual net income available to common stockholders of $211.9 million or $5.00 per diluted common share

Quarterly net income available to common stockholders of $47.6 million or $1.12 per diluted common share

Quarterly loan growth of $309.0 million or 13% annualized, exclusive of PPP loans

Nonperforming assets to total assets declined to 0.37% and 30-89 day loan delinquencies fell to 0.07% of total loans for the fourth quarter

Total Revenue
$170M
Previous year: $165M
+2.9%
EPS
$1.12
Previous year: $0.98
+14.3%
Net Interest Margin
3.08%
Previous year: 3.51%
-12.3%
Return on Average Assets
1.03%
Return on Average Common Equity
9.15%
Gross Profit
$143M
Previous year: $163M
-12.3%
Cash and Equivalents
$436M
Previous year: $338M
+28.9%
Free Cash Flow
$91.7M
Previous year: $102M
-10.1%
Total Assets
$19.3B
Previous year: $17.9B
+7.6%

Heartland Financial

Heartland Financial

Forward Guidance

HTLF completed a successful year with record net income available to common stockholders of $211.9 million, or $5.00 per diluted common share. Our success was highlighted by strong loan growth and excellent credit quality.