See more : Mullen Group Ltd. (MTL.TO) Income Statement Analysis – Financial Results
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)
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 USA, Inc. (HTLF) CEO Bruce Lee on Q2 2022 Results - Earnings Call Transcript
Heartland Financial (HTLF) Beats Q2 Earnings and Revenue Estimates
Heartland Financial USA, Inc. ("HTLF") Reports Quarterly and Year to Date Results as of June 30, 2022
Heartland Financial USA, Inc. (HTLF) Declares Dividend on Preferred Stock
Heartland Financial USA, Inc. (“HTLF”) Declares Quarterly Cash Dividend
HTLF's Commercial Card Program Ranked by Nilson Report for Seventh Consecutive Year
UPDATE – HTLF Schedules Second-Quarter Earnings Conference Call for July 25, 2022
HTLF releases first DEI Annual Report
Heartland Financial USA, Inc. (HTLF) CEO Bruce Lee on Q1 2022 Results - Earnings Call Transcript
Heartland Financial (HTLF) Surpasses Q1 Earnings and Revenue Estimates
Source: https://incomestatements.info
Category: Stock Reports