Core Insights - Heartland Financial USA, Inc. (HTLF) reported a net income of $37.7 million for Q2 2024, a decrease of 20% from $47.4 million in Q2 2023 [2][11] - Adjusted earnings available to common stockholders increased to $49.6 million or $1.15 per diluted common share, compared to $46.5 million or $1.09 per diluted common share in the previous year [2][10] - The company completed the sale of Rocky Mountain Bank branches, which included loans of $343.8 million and deposits of $531.8 million, with an expected gain of $30 million to be realized in Q3 2024 [2][11] Financial Performance - Net interest income rose to $158.7 million, an increase of 8% from $147.1 million in Q2 2023 [2][13] - The net interest margin increased to 3.68% for Q2 2024, up from 3.19% in Q2 2023 [6][39] - Total interest income was $255.6 million, reflecting a 9% increase from $235.5 million in the same quarter last year [6][13] Asset and Deposit Changes - Total assets decreased by 3% to $18.81 billion as of June 30, 2024, from $19.41 billion at year-end 2023 [21] - Total customer deposits were $14.13 billion, a decrease of less than 1% from $14.27 billion at March 31, 2024 [15][17] - Average earning assets decreased by 6% to $17.33 billion, primarily due to the sale of securities [6][13] Cost and Efficiency Metrics - The adjusted efficiency ratio improved to 57.73% from 59.88% in Q2 2023 [9][10] - Noninterest expense increased by 6% to $116.2 million compared to $109.4 million in Q2 2023 [18][19] - Acquisition, integration, and restructuring costs totaled $6.0 million, up from $1.9 million in the previous year [19] Credit Quality and Allowance for Losses - Provision for credit losses for loans was $9.7 million, an increase from $7.8 million in Q2 2023 [29][30] - Nonperforming assets were $111.3 million, representing 0.59% of total assets, compared to 0.57% at year-end 2023 [36][31] - The allowance for credit losses for loans totaled $126.9 million as of June 30, 2024 [29][30]

DENVER, July 25, 2024 (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 dividend is payable on August 27, 2024, to stockholders of record at the close of business on August 13, 2024. Heartland Financial USA, Inc., operating under the brand name HTLF, is a bank holding company with assets of $19.13 billion as of March 31, 2024. ...

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Heartland Financial, USA Inc. (NASDAQ: HTLF), relating to its proposed merger with UMB Financial Corporation. Under the terms of the agreement, it is expected that Heartland Financial sha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from __________ to __________ Commission File Number: 001-15393 HEARTLAND FINANCIAL USA, INC. (Exact name of Registrant as specified in its charter) Delaware (State or other jurisdictio ...

Heartland Financial (HTLF) reported $181.88 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.2%. EPS of $1.22 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $182.73 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.02%, with the consensus EPS estimate being $1.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Heartland Financial (HTLF) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.02%. A quarter ago, it was expected that this multibank holding company would post earnings of $1.07 per share when it actually produced earnings of $1.06, delivering a surprise of -0.93%.Over the last four q ...

Exhibit 99.1 April 29, 2024 FOR IMMEDIATE RELEASE HEARTLAND FINANCIAL USA, INC. ("HTLF") REPORTS QUARTERLY RESULTS AS OF MARCH 31, 2024 First Quarter Highlights | | | | For the Quarter Ended | | | | | --- | --- | --- | --- | --- | --- | --- | | | 3/31/2024 | | 12/31/2023 | | 3/31/2023 | | | Earnings Summary: | | | | | | | | Net income/(loss) available to common stockholders (in millions) | $ | 49.7 | $ | (72.4) | $ | 50.8 | | Diluted earnings/(loss) per common share | | 1.16 | | (1.69) | | 1.19 | | Return o ...

First Quarter Highlights •Quarterly net income available to common stockholders of $49.7 million or $1.16 per common share•Adjusted earnings available to common stockholders of $52.4 million or $1.22 adjusted diluted earnings per common share, which excludes $1.4 million of acquisition, integration and restructuring costs and $2.0 million of FDIC special assessment expense•Common equity ratio increased to 9.76%; Tangible common equity ratio (non-GAAP) improved 35 basis points to 6.88%•Net interest margin, f ...

DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ: HTLF) today announced the company will host a conference call detailing its first quarter 2024 financial results at 5 p.m. ET on Wednesday, May 1, 2024. Bruce K. Lee, President and CEO, and Kevin L. Thompson, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation.   Financial results will be available on the company’s website on May 1, 2024, after market close. To ...

DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its first quarter 2024 financial results at 5 p.m. ET on Wednesday, May 1, 2024. Bruce K. Lee, President and CEO, and Kevin L. Thompson, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation.   Financial results will be available on the company's website on May 1, 2024, after market close. To a ...