Heartland Financial Q4 2023 Earnings Report
Key Takeaways
Heartland Financial USA, Inc. reported a net loss available to common stockholders of ($72.4) million, or ($1.69) per diluted common share, but adjusted earnings available to common stockholders of $45.6 million, or $1.06 per diluted common share. Loan growth was $196.2 million, and average customer deposits grew $270.7 million. The common equity ratio increased to 9.27%, and the net interest margin improved to 3.52%.
Net loss available to common stockholders was ($72.4) million, or ($1.69) per diluted common share.
Adjusted earnings available to common stockholders were $45.6 million, or $1.06 per diluted common share (non-GAAP).
Loan growth was $196.2 million, representing a 2% increase.
Average customer deposits grew $270.7 million, also a 2% increase.
Heartland Financial
Heartland Financial
Forward Guidance
HTLF 3.0 is expected to drive improved efficiency, enhance EPS growth, deliver higher return on assets, and more efficient use of capital.
Positive Outlook
- Investing in growth through banker expansion and talent acquisition in key markets.
- Expanding Treasury Management products and capabilities.
- Creation of consumer and small business digital platforms.
- Footprint and facilities optimization, with a focus on efficient return on capital.
- Continue to focus on HTLF 3.0, a set of initiatives that will drive improved efficiency, enhance EPS growth, deliver higher return on assets, and more efficient use of capital