Welcome to our dedicated page for Heartland Finl Usa news (Ticker: HTLF), a resource for investors and traders seeking the latest updates and insights on Heartland Finl Usa stock.
Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, generates news that reflects its role as a regional bank holding company focused on commercial banking, treasury management, wealth management and investments. Company announcements highlight its emphasis on serving privately owned businesses, their owners, executives and employees across the West, Southwest and Midwest regions of the United States.
News about HTLF frequently covers quarterly and annual financial results, including net income, earnings per share, net interest income, net interest margin, loan yields, cost of deposits and asset quality metrics. These earnings releases also describe trends in loan portfolios, deposit composition, noninterest income categories such as service charges, trust fees and capital market fees, and noninterest expenses including salaries, professional fees and regulatory assessments.
Investors following HTLF news will also see updates on strategic initiatives and balance sheet actions. The company has reported on its HTLF 3.0 strategic plan, which includes banker expansion in selected markets, expansion of treasury management capabilities, development of digital platforms for consumer and small business customers and optimization of its branch footprint. News items have detailed securities sales used to reduce high-cost wholesale deposits and borrowings, as well as the sale of Rocky Mountain Bank branches in Montana, including associated loans, deposits and fixed assets and the resulting gain on sale.
Another key news theme is corporate transactions and dividends. HTLF has regularly announced common stock and Series E preferred stock dividends and has emphasized maintaining or increasing its common dividend for more than 40 years. A major development in recent coverage is the acquisition of HTLF by UMB Financial Corporation, including regulatory approvals, transaction terms, expected closing and the eventual completion of the acquisition, after which HTLF operates as a division of UMB. For users tracking HTLF, this news feed provides a record of the company’s financial performance, strategic steps and corporate transformation over time.
UMB Financial (UMBF) has completed its largest acquisition in its 111-year history, acquiring Heartland Financial USA (HTLF). The transaction significantly expands UMB's presence, increasing total assets to approximately $68 billion and extending its geographic footprint from 8 to 13 states.
The acquisition adds 104 new branches and 115 ATMs to UMB's existing network of 93 banking centers and 235 ATMs. It also increases UMB's private wealth management AUM/AUA by 32% and expands its retail deposit base. New states added to UMB's footprint include California, Iowa, Minnesota, New Mexico, and Wisconsin.
HTLF will initially operate as a division of UMB, with banking centers and systems conversion anticipated in Q4 2025. Five HTLF board members have joined UMB's Board of Directors, expanding it to 16 members.
UMB Financial (UMBF) has received regulatory approvals from the OCC and Federal Reserve to acquire Heartland Financial USA (HTLF), following shareholder approvals from both companies. The acquisition is expected to close around January 31, 2025.
Post-acquisition, UMB will have approximately $66 billion in assets, positioning it in the top 4% of publicly traded U.S. banks. The transaction will increase UMB's private wealth management AUM/AUA by 31% and nearly double its retail deposit base, while expanding its presence from 8 to 13 states.
Five HTLF board members will join UMB's Board of Directors, expanding it to 16 members. UMB is finalizing a Community Benefits Agreement to detail support throughout its expanded footprint.
HTLF (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.30 per share on its common stock. The dividend will be paid on January 27, 2025, to stockholders of record as of January 14, 2025. Notably, the company has maintained or increased its common stock dividend every quarter for more than 40 years, demonstrating a consistent track record of shareholder returns.
Heartland Financial USA (HTLF) reported Q3 2024 net income of $62.1 million ($1.44 per share), up from $46.1 million in Q3 2023. The quarter included a $29.7 million gain from selling Rocky Mountain Bank branches in Montana, offset by a $9.5 million loss on security sales and $2.9 million loss on fixed assets. Key metrics showed improvement with net interest margin increasing to 3.78%, nonperforming loans decreasing 33% to $69.9 million, and tangible common equity ratio improving to 8.14%. The company completed strategic initiatives including the Rocky Mountain Bank sale, which involved $343.8 million in loans and $531.9 million in deposits.
HTLF announced quarterly dividends for both common and preferred stock. The company declared a common stock dividend of $0.30 per share, payable on November 26, 2024, to stockholders of record as of November 12, 2024. HTLF has maintained or increased its common stock dividend quarterly for over 40 years. Additionally, a Series E Preferred Stock dividend of $175 ($0.4375 per depositary share) was approved, payable January 15, 2025, to stockholders of record as of December 31, 2024.
Heartland Financial USA (NASDAQ: HTLF) announced its Q2 2024 results with a net income of $37.7M, or $0.88 per share, and adjusted earnings of $49.6M, or $1.15 per share. The report highlights $6.0M in acquisition costs and a $10.6M pre-tax loss from selling $108.4M in CRE securities to improve risk and liquidity.
The common equity ratio increased to 10.19%, and the tangible common equity ratio rose to 7.28%. The net interest margin improved to 3.73% from 3.57% in Q1, with an annual loan yield increase to 6.76% and deposit costs down to 2.08%. The sale of all Rocky Mountain Bank branches, expected to yield a $30M gain, closed in mid-July.
Compared to Q2 2023, net income fell by $9.7M, and EPS dropped by $0.23. However, adjusted earnings rose to $49.6M from $46.5M. Net interest income climbed to $158.7M, up by $11.6M. Notably, noninterest income fell by $14.3M due to increased security losses and decreased service charges. Noninterest expenses rose by $6.8M.
Heartland Financial USA, Inc. (NASDAQ: HTLF), operating as HTLF, has announced its latest dividend payments. The company's Board of Directors approved a quarterly cash dividend of $0.30 per share on common stock, payable on August 27, 2024, to stockholders of record as of August 13, 2024. Notably, HTLF has maintained or increased its common stock dividend every quarter for over 40 years.
Additionally, the Board approved a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), equating to $0.4375 per depositary share. This dividend will be paid on October 15, 2024, to stockholders of record as of September 30, 2024. These announcements demonstrate HTLF's commitment to providing consistent returns to its shareholders.
UMB Financial (Nasdaq: UMBF) has announced the acquisition of Heartland Financial USA, Inc. (Nasdaq: HTLF) in an all-stock transaction valued at $2.0 billion. This will increase UMB's total assets by more than 40% and expand its geographic footprint across 13 states. The deal, the largest in UMB's history, will create a regional banking powerhouse with $64.5 billion in assets, elevating it to the top 5% of publicly traded banks in the U.S. The transaction is expected to close in the first quarter of 2025.
Heartland Financial USA, Inc. (HTLF) reported a solid quarter with net income of $49.7 million, adjusted earnings of $52.4 million, and increased common equity and tangible common equity ratios. Key highlights include growth in customer deposits, decrease in wholesale deposits, and stable credit quality. The sale of Rocky Mountain Bank aligns with HTLF 3.0 strategic initiatives aimed at efficiency and growth. Financial metrics improved across interest margin, loan yield, and cost of deposits. Various noninterest income categories saw changes, while expenses also increased. Nonperforming assets decreased, and provisions for credit losses were adjusted. Overall, HTLF shows positive financial performance amid strategic changes.
UMB Financial (Nasdaq: UMBF) will acquire Heartland Financial USA, Inc. (Nasdaq: HTLF) in an all-stock transaction valued at about $2.0 billion, increasing UMB's assets by over 40%. This historic merger will create a regional banking powerhouse across 13 states, adding $19.4 billion in assets, $16.2 billion in total deposits, and $12.1 billion in total loans from HTLF. The deal elevates UMB to the top 5% of publicly traded banks in the U.S., with $64.5 billion in assets. Former HTLF stockholders will own approximately 31% of the combined company, and this acquisition will boost UMB's private wealth management's AUM/AUA by 31%.
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