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Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of September 30, 2024

Tue, 29 Oct 2024 16:10:00 -0400

Third Quarter Highlights

Quarterly net income available to common stockholders of $62.1 million or $1.44 per common share
Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:
- Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana.
- Loss on security sales of $9.5 million.
- Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.
Common equity to total assets increased to 11.11%; while the tangible common

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 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 November 26, 2024, to stockholders of record at the close of business on November 12, 2024.

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) --

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) --

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) --

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) --

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

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

Thu, 24 Oct 2024 16:01:00 -0400

DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) --

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to

Heartland Financial USA, Inc. ("HTLF") Reports Quarterly Results as of June 30, 2024

Tue, 30 Jul 2024 16:05:00 -0400

Second Quarter Highlights

Quarterly net income available to common stockholders of $37.7 million or $0.88 per common share.
Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP).
$6.0 million of acquisition, integration and restructuring expenses in the quarter.
Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company.
Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%.
Net interest margin, full tax-equivalent (non-GAAP) increased to