Heartland Financial USA, Inc. (HTLF) Income Statement Analysis

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Complete financial analysis of Heartland Financial USA, Inc. (HTLF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Heartland Financial USA, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Heartland Financial USA, Inc. (HTLF)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.htlf.com

About Heartland Financial USA, Inc.

Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle and home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use. In addition, it provides online banking, mobile banking, telephone banking, bill payment, automated clearing house, wire transfer, zero balance account, transaction reporting, lock box, remote deposit capture, accounts receivable, investment sweep account, reconciliation, treasury management, wealth management, trust, foreign exchange, and various fraud prevention services, such as check and electronic positive pay, as well as commercial purchasing and merchant credit cards, debit cards, and automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, and brokerage services, as well as vehicle, property and casualty, and life and disability insurance products. Additionally, it is involved in the community development, consumer finance, multi-line insurance agency, and property management businesses. The company operates through 129 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	553.28M	727.55M	688.91M	606.92M	569.36M	520.91M	429.86M	406.79M	337.86M	283.19M	246.20M	248.85M	55.88M	195.38M	184.21M	151.03M	141.30M	135.49M	134.45M	114.97M	97.71M	90.91M	80.23M	71.55M	58.70M	18.25M	9.84M	8.77M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	553.28M	727.55M	688.91M	606.92M	569.36M	520.91M	429.86M	406.79M	337.86M	283.19M	246.20M	248.85M	55.88M	195.38M	184.21M	151.03M	141.30M	135.49M	134.45M	114.97M	97.71M	90.91M	80.23M	71.55M	58.70M	18.25M	9.84M	8.77M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	271.22M	254.48M	240.11M	202.67M	200.54M	199.82M	175.00M	167.73M	147.86M	133.65M	121.77M	109.02M	22.98M	68.83M	60.47M	56.75M	54.57M	51.32M	46.33M	39.44M	33.11M	28.57M	25.46M	23.88M	18.90M	0.00	0.00	0.00
Selling & Marketing	8.35M	6.22M	7.26M	5.24M	10.03M	9.57M	7.23M	6.45M	5.47M	5.52M	5.29M	5.29M	1.14M	3.83M	3.34M	3.76M	3.64M	4.29M	3.27M	2.66M	2.35M	1.92M	1.60M	1.49M	1.40M	1.15M	826.00K	996.00K
SG&A	279.56M	260.70M	247.37M	207.90M	210.57M	209.38M	182.23M	174.18M	153.33M	139.18M	127.06M	114.31M	24.12M	72.66M	63.80M	60.51M	58.21M	55.61M	49.59M	42.10M	35.47M	30.49M	27.06M	25.37M	20.30M	1.15M	826.00K	996.00K
Other Expenses	300.83M	-188.87M	-661.02M	-640.83M	-595.81M	-533.21M	-90.49M	-58.87M	0.00	0.00	0.00	0.00	0.00	0.00	-1.26M	0.00	0.00	0.00	-90.04M	-84.62M	0.00	-52.67M	-29.96M	-23.41M	-26.70M	29.68M	32.95M	28.57M
Operating Expenses	580.39M	71.83M	-413.65M	-432.93M	-385.24M	-323.83M	40.11M	34.12M	28.51M	23.77M	22.83M	20.63M	16.86M	14.28M	12.46M	3.76M	3.64M	3.27M	-40.44M	-42.52M	2.35M	-22.18M	-2.91M	1.96M	-6.40M	30.83M	33.78M	29.56M
Cost & Expenses	580.39M	71.83M	-413.65M	-432.93M	-385.24M	-323.83M	40.11M	34.12M	28.51M	23.77M	22.83M	20.63M	16.86M	14.28M	12.46M	3.76M	3.64M	3.27M	-40.44M	-42.52M	2.35M	-22.18M	-2.91M	1.96M	-6.40M	30.83M	33.78M	29.56M
Interest Income	953.80M	674.66M	588.76M	536.61M	514.33M	465.82M	363.66M	326.48M	265.97M	237.04M	199.51M	189.34M	47.62M	198.93M	203.29M	202.59M	215.23M	192.54M	154.00M	121.39M	99.52M	100.01M	110.09M	104.25M	74.20M	64.52M	59.26M	51.89M
Interest Expense	352.56M	76.42M	28.20M	44.88M	80.60M	51.87M	33.35M	31.81M	31.97M	33.97M	35.68M	39.18M	10.79M	55.88M	70.53M	86.90M	105.89M	86.21M	61.14M	44.26M	38.33M	42.33M	60.19M	59.71M	40.90M	36.30M	31.77M	27.64M
Depreciation & Amortization	0.00	34.23M	36.40M	22.47M	23.97M	21.06M	17.18M	30.76M	2.98M	2.22M	1.06M	562.00K	141.00K	591.00K	866.00K	9.24M	8.62M	9.15M	22.97M	20.57M	23.12M	19.62M	17.90M	16.13M	15.70M	7.86M	2.64M	1.34M
EBITDA	0.00	292.23M	302.15M	201.28M	214.92M	176.00M	149.24M	144.82M	104.99M	72.75M	64.43M	81.38M	0.00	0.00	0.00	0.00	0.00	0.00	66.29M	48.76M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	0.00%	48.38%	41.32%	30.43%	34.44%	43.74%	42.48%	44.12%	40.54%	37.68%	40.64%	45.77%	165.07%	50.16%	50.66%	73.33%	105.84%	97.76%	87.01%	80.91%	89.35%	97.18%	118.69%	125.28%	115.84%	312.02%	469.88%	452.30%
Operating Income	135.30M	344.17M	275.26M	173.99M	184.12M	197.08M	176.51M	173.85M	133.98M	104.49M	98.98M	113.34M	92.09M	97.40M	6.37M	11.29M	23.96M	15.46M	94.01M	72.45M	13.81M	68.72M	77.32M	73.51M	52.30M	49.08M	43.62M	38.34M
Operating Income Ratio	24.45%	47.31%	39.96%	28.67%	32.34%	37.83%	41.06%	42.74%	39.65%	36.90%	40.20%	45.55%	164.82%	49.85%	3.46%	7.48%	16.96%	11.41%	69.92%	63.02%	14.13%	75.60%	96.38%	102.74%	89.10%	268.97%	443.11%	437.02%
Total Other Income/Expenses	-38.53M	-23.37M	-21.47M	-17.39M	-19.59M	-19.96M	-7.26M	-12.26M	-9.17M	-8.34M	-9.05M	-7.49M	0.00	-1.64M	7.20M	3.31M	9.41M	21.55M	-33.41M	-20.57M	12.05M	-44.61M	-60.19M	-59.71M	-40.90M	-36.30M	-31.77M	-27.64M
Income Before Tax	96.78M	267.75M	275.26M	173.99M	184.12M	145.21M	119.09M	116.91M	80.94M	55.00M	47.19M	72.52M	7.89M	33.63M	13.57M	14.60M	33.37M	37.01M	32.88M	28.19M	25.86M	24.11M	17.13M	13.80M	11.40M	12.78M	11.85M	10.69M
Income Before Tax Ratio	17.49%	36.80%	39.96%	28.67%	32.34%	27.88%	27.71%	28.74%	23.96%	19.42%	19.17%	29.14%	14.12%	17.21%	7.37%	9.67%	23.62%	27.31%	24.45%	24.52%	26.46%	26.53%	21.35%	19.29%	19.42%	70.02%	120.41%	121.88%
Income Tax Expense	16.86M	55.57M	55.34M	36.05M	34.99M	28.22M	43.82M	36.56M	20.90M	13.10M	10.34M	23.26M	1.67M	9.85M	7.20M	3.31M	9.41M	11.99M	10.15M	7.94M	8.14M	7.52M	5.71M	4.22M	3.20M	3.76M	3.34M	2.69M
Net Income	79.92M	212.18M	219.92M	137.94M	149.13M	117.00M	75.27M	80.35M	60.04M	41.90M	36.79M	49.21M	6.25M	23.90M	6.56M	11.29M	25.63M	25.10M	22.73M	20.25M	17.72M	18.87M	11.41M	9.59M	8.20M	9.02M	8.52M	8.01M
Net Income Ratio	14.44%	29.16%	31.92%	22.73%	26.19%	22.46%	17.51%	19.75%	17.77%	14.80%	14.94%	19.78%	11.18%	12.23%	3.56%	7.48%	18.14%	18.53%	16.90%	17.61%	18.13%	20.75%	14.23%	13.40%	13.97%	49.44%	86.50%	91.27%
EPS	1.51	4.80	5.01	3.58	4.14	3.54	2.51	3.07	2.64	2.22	2.08	2.81	1.24	1.13	0.07	0.68	1.56	1.52	1.38	1.28	1.18	0.85	0.79	0.67	0.57	0.63	0.60	0.57
EPS Diluted	1.68	4.79	5.00	3.57	4.14	3.52	2.51	3.07	2.64	2.19	2.04	2.77	1.23	1.13	0.07	0.68	1.54	1.50	1.36	1.26	1.16	0.85	0.79	0.65	0.56	0.63	0.59	0.57
Weighted Avg Shares Out	47.57M	42.50M	42.26M	37.27M	35.99M	33.01M	29.95M	24.88M	22.44M	18.51M	17.20M	16.52M	16.44M	16.37M	16.30M	16.30M	16.48M	16.51M	16.47M	15.82M	15.02M	14.72M	14.39M	14.38M	14.30M	14.24M	14.19M	14.13M
Weighted Avg Shares Out (Dil)	42.79M	42.63M	42.41M	37.36M	36.06M	33.21M	29.95M	26.12M	22.44M	18.74M	17.46M	16.77M	16.58M	16.46M	16.33M	16.37M	16.60M	16.73M	16.71M	16.07M	15.28M	14.72M	14.51M	14.67M	14.64M	14.40M	14.35M	14.13M

Heartland Financial (HTLF) Reports Q2 Earnings: What Key Metrics Have to Say

July 31, 2023zacks.com

Although the revenue and EPS for Heartland Financial (HTLF) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...

Heartland Financial USA, Inc. (HTLF) Q2 2023 Earnings Call Transcript

July 31, 2023seekingalpha.com

Heartland Financial USA, Inc. (NASDAQ:HTLF ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Bruce Lee - President & Chief Executive Office Bryan McKeag - Chief Financial Office Nathan Jones - Chief Credit Officer Conference...

Heartland Financial (HTLF) Q2 Earnings and Revenues Lag Estimates

July 31, 2023zacks.com

Heartland Financial (HTLF) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.17 per share a year ago.

Heartland Financial USA, Inc. (“HTLF”) Reports Quarterly and Year to Date Results as of June 30, 2023

July 31, 2023globenewswire.com

Highlights and Developments Quarterly net income available to common stockholders of $47.4 million Quarterly diluted earnings per common share of $1.11 Total revenue growth of $2.6 million or 1% from the second quarter of 2022, and $15.6 million or 5%...

Heartland Financial USA, Inc. (“HTLF”) Announces Common Stock and Series E Preferred Stock Dividends

July 19, 2023globenewswire.com

DENVER, July 19, 2023 (GLOBE NEWSWIRE) -- Common Stock Dividend Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The...