Heartland Financial (HTLF) Misses Q3 EPS by 3c

Heartland Financial (NASDAQ: HTLF) reported Q3 EPS of $0.72, $0.03 worse than the analyst estimate of $0.75.

• Quarterly net income available to common stockholders of $21.6 million in comparison with $20.2 million for the third quarter of the prior year
• Diluted earnings per common share of $0.72 in comparison with $0.81 for the third quarter of the prior year
• Net interest margin of 4.08%, fully tax-equivalent (non-GAAP)(1) of 4.26%
• Organic loan growth of $62.9 million and organic non-time deposit growth of $89.3 million during the third quarter of 2017
• Return on average common equity of 8.99% and return on average tangible common equity (non-GAAP)(2) of 12.41%
• Tangible common equity ratio (non-GAAP)(3) of 7.46%
• Purchased Citywide Banks of Colorado, Inc., on July 7, 2017 and completed related systems conversions on October 13, 2017

For earnings history and earnings-related data on Heartland Financial (HTLF) click here.

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