Heartland Financial USA, Inc. logo

HTLF

Heartland Financial USA, Inc.

$48.03

Earnings Summary

Revenue
$180.23Mn
Net Profits
$51.87Mn
Net Profit Margins
28.78%
PE Ratio
10.65

Highlights

Revenue:

Heartland Financial USA, Inc.’s revenue jumped 3.46% since last year same period to $180.23Mn in the Q2 2022. On a quarterly growth basis, Heartland Financial USA, Inc. has generated 6.52% jump in its revenue since last 3-months.

Net Profits:

Heartland Financial USA, Inc.’s net profit fell -15.8% since last year same period to $51.87Mn in the Q2 2022. On a quarterly growth basis, Heartland Financial USA, Inc. has generated 4.02% jump in its net profits since last 3-months.

Net Profit Margins:

Heartland Financial USA, Inc.’s net profit margin fell -18.62% since last year same period to 28.78% in the Q2 2022. On a quarterly growth basis, Heartland Financial USA, Inc. has generated -2.34% fall in its net profit margins since last 3-months.

PE Ratio:

Heartland Financial USA, Inc.’s price-to-earnings ratio after this Q2 2022 earnings stands at 10.65.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Heartland Financial USA, Inc. post its latest quarter earnings

EPS Estimate Current Quarter
1.27
EPS Estimate Current Year
1.27

Highlights

EPS Estimate Current Quarter:

Heartland Financial USA, Inc.’s earning per share (EPS) estimates for the current quarter stand at 1.27 - a 20.95% jump from last quarter’s estimates.

EPS Estimate Current Year:

Heartland Financial USA, Inc.’s earning per share (EPS) estimates for the current year stand at 1.27.

Key Ratios

Key ratios of the Heartland Financial USA, Inc. post its Q2 2022 earnings

Earning Per Share (EPS)
1.17
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.1
Dividend Per Share (DPS)
1.06

Highlights

Earning Per Share (EPS):

Heartland Financial USA, Inc.’s earning per share (EPS) fell -17.02% since last year same period to 1.17 in the Q2 2022. This indicates that the Heartland Financial USA, Inc. has generated -17.02% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Heartland Financial USA, Inc.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Heartland Financial USA, Inc.’s return on equity (ROE) stands at 0.1.

Dividend Per Share (DPS):

Heartland Financial USA, Inc. declared 1.06 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-09
1.04
0.97
-6.73%
2022-06-30
1.05
1.17
11.43%

Company Information

About Heartland Financial USA, Inc. Heartland Financial USA, Inc. is a diversified financial services company with assets of $17.91 billion. The company provides banking, mortgage, private client, investment, insurance and consumer finance services to individuals and businesses. As of December 31, 2020, Heartland had 142 banking locations serving 102 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com. Safe Harbor Statement This release, and future oral and written statements of Heartland and its management, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements about Heartland's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These forward-looking statements include information about possible or assumed future results of Heartland's operations or performance. These forward-looking statements are generally identified by the use of the words ''believe', 'expect'', ''intent', 'anticipate'', ''plan', 'estimate'', ''project', ''will', ''would', ''could', ''should'', 'may', 'view', 'opportunity', 'potential', or similar expressions that are used in this release, and future oral and written statements of Heartland and its management. Although Heartland has made these statements based on management's experience and best estimate of future events, the ability of Heartland to predict results or the actual effect of plans or strategies is inherently uncertain, and there may be events or factors that management has not anticipated. Therefore, the accuracy and achievement of such forward-looking statements and estimates are subject to a number of risks, many of which are beyond the ability of management to control or predict, that could cause actual results to differ materially from those in its forward-looking statements. These factors, which are detailed below and in the risk factors in Heartland's reports filed with the Securities and Exchange Commission ('SEC'), include, among others: The impact of the COVID-19 pandemic on Heartland and U.S. and global financial markets; Measures enacted by the U.S. federal and state governments and adopted by private businesses in response to the COVID-19 pandemic; The deterioration of the U.S. economy in general and in the local economies in which Heartland conducts its operations; Increasing credit losses due to deterioration in the financial condition of its borrowers, based on declining oil prices and asset and collateral values, which may continue to increase the provision for credit losses and net charge-offs of Heartland; Civil unrest in the communities that Heartland serves; Levels of unemployment in the geographic areas in which Heartland operates; Real estate market values in these geographic areas; Future natural disasters and increases to flood insurance premiums; The effects of past and any future terrorist threats and attacks, acts of war or threats thereof; The level of prepayments on loans and mortgage-backed securities; Legislative and regulatory changes affecting banking, tax, securities, insurance and monetary and financial matters; Monetary and fiscal policies of the U.S. Government including policies of the U.S. Department of Treasury and the Federal Reserve Board; The quality or composition of the loan and investment portfolios of Heartland; Demand for loan products and financial services, deposit flows and competition in Heartland's market areas; Changes in accounting principles and guidelines; The timely development and acceptance of products and services, including products and services offered through alternative delivery channels such as the Internet; The ability of Heartland to implement technological changes as planned and to develop and maintain secure and reliable electronic delivery systems; Heartland's ability to retain key executives and employees; and The ability of Heartland to successfully consummate acquisitions and integrate acquired operations. The COVID-19 pandemic is adversely affecting Heartland and its customers, counterparties, employees and third-party service providers. The COVID-19 pandemic's severity, its duration and the extent of its impact on Heartland's business, financial condition, results of operations, liquidity and prospects remain uncertain. The deterioration in general business and economic conditions and turbulence in domestic and global financial markets caused by the COVID-19 pandemic have negatively affected Heartland's net income, total equity and book value per common share, and continued economic deterioration could adversely affect the value of its assets and liabilities, reduce the availability of funding to Heartland, lead to a tightening of credit and increase stock price volatility. Some economists and investment banks believe that a recession or depression may result from the continued spread of COVID-19 and the economic consequences. These risks and uncertainties should be considered in evaluating forward-looking statements made by Heartland or on its behalf, and undue reliance should not be placed on these statements. There can be no assurance that other factors not currently anticipated by Heartland will not materially and adversely affect Heartland's business, financial condition and results of operations. In addition, many of these risks and uncertainties are currently amplified by and may continue to be amplified by the COVID-19 pandemic and the impact of varying governmental responses that affect Heartland's customers and the economies where they operate. Please take into account that forward-looking statements speak only as of the date they are made, and except as required by applicable law, Heartland does not undertake any obligation to publicly correct or update any forward-looking statement.

Organisation
Heartland Financial USA, Inc.
Headquarters
Dubuque, Iowa, US
Employees
2.01K
Industry
Finance
CEO
Bruce Lee