Heartland Financial USA(US:HTLF)2024-01-29 23:43HTLF 3.0 Strategic Plan - HTLF 3.0 aims to become a top-performing bank by focusing on quality revenue growth and efficient capital allocation[2, 141] - The plan targets an EPS growth of 6-8%, Return on Average Assets of 1.40-1.50%, and a Fee Income to Revenue ratio of 22-25%[167] - The plan also aims to improve the Tangible Common Equity to Assets ratio to 9.5-100% and the Efficiency Ratio to 50-52%[167] Financial Performance & Metrics - Net Interest Income improved 7% to $156 million[138] - Loan growth reached $640 million, a 56% increase[154] - Net Interest Margin increased 34 bps to 352%[9, 153] - The company sold $8654 million of securities, resulting in a $140 million pre-tax loss[166, 169] - Adjusted Earnings per Share (EPS) was $453 for the year[5, 116] Deposit & Liquidity - Average customer deposit balance grew by $271 million over the prior quarter[22] - Customer deposits have a cycle-to-date beta of 31%[22] - The company has $26 billion in collateralized borrowing capacity[213]