Heartland Finl Usa Inc Stock Price, News & Analysis

Heartland Financial USA, Inc. (HTLF) will host a conference call on October 31, 2022, at 5 p.m. ET to discuss its third quarter 2022 earnings. The call will be led by President and CEO Bruce K. Lee and CFO Bryan R. McKeag. Financial results will be available on the company's website after market close on the same day, followed by a Q&A session. HTLF operates with $19.68 billion in assets, serving various states with a diverse range of financial services. Interested parties can access the call via a provided webcast link.

Heartland Financial USA, Inc. (NASDAQ: HTLF) reported its Q2 2022 results, showing a net income of $49.9 million, down from $59.6 million in Q2 2021. This reflects a 16% decline in profits, with diluted earnings per share at $1.17, a 17% decrease from the previous year. The bank also achieved a 5% loan growth, totaling $551.9 million since March 31, 2022. Key developments include the consolidation of Citywide Banks into HTLF Bank, which aims to enhance operational efficiency, projected to yield $20 million in annual benefits.

Heartland Financial USA, Inc. (NASDAQ: HTLFP) announced a dividend of $175 per share of Series E Preferred Stock, translating to $0.4375 per depositary share. The dividend will be paid to stockholders of record on September 30, 2022, with payment occurring on October 17, 2022. Heartland has assets totaling $19.2 billion and operates banks across multiple states, focusing on commercial and retail financial services. This announcement underscores HTLF's commitment to providing returns to shareholders.

Heartland Financial USA (NASDAQ: HTLF) announced a quarterly cash dividend of $0.27 per share, payable on August 26, 2022, to stockholders of record by August 12, 2022. With 42,439,439 common shares outstanding as of June 30, 2022, this dividend reflects the company's commitment to returning value to its shareholders. Heartland operates with total assets of $19.2 billion and offers various financial services across multiple states, indicating robust operational capabilities amid evolving market conditions.

Heartland Financial USA, Inc. (HTLF) has achieved significant recognition in the commercial payments sector, maintaining a strong position among U.S. commercial credit card issuers for the seventh consecutive year, as noted in the Nilson Report. HTLF's purchase volume grew by 48%, ranking it 31st among purchasing and fleet card issuers, a notable improvement from 36th place in 2020. Additionally, HTLF was recognized by Forbes as one of "America's Best Banks," achieving its highest ranking of #28 among 100 leading banks.

Heartland Financial (HTLF) has announced a conference call to discuss its Second Quarter 2022 earnings, scheduled for 5:00 p.m. ET on July 25, 2022. CEO Bruce K. Lee and CFO Bryan R. McKeag will lead the call, with financial results available on the company’s website after market close the same day. The announcement also highlights a new procedure for joining the call via webcast, emphasizing engagement from shareholders and analysts. HTLF, operating with assets of $19.2 billion, provides a broad range of financial services across multiple states.

Heartland Financial USA (HTLF) announced a conference call to discuss its Second Quarter 2022 earnings on July 25, 2022, at 5:00 p.m. ET. The call will be led by President and CEO Bruce K. Lee and CFO Bryan R. McKeag. Financial results will be published on the company's website after market close on the same day. A new procedure for joining the call via webcast will be implemented, requiring participants to complete a form.

HTLF holds assets totaling $19.2 billion, providing diverse financial services across multiple states.

Heartland Financial USA, Inc. (NASDAQ: HTLF) has released its first annual Diversity, Equity and Inclusion (DEI) report, emphasizing its commitment to enhancing these principles across the organization. CEO Bruce K. Lee stated that the DEI strategy aims to foster growth not just in profits but also in employee engagement. In 2021, HTLF initiated several DEI initiatives, including the establishment of a Chief DEI Officer position and the introduction of Employee Business Resource Groups. Looking ahead, HTLF plans to activate these groups, broaden DEI training, and conduct a pay equity analysis in 2022.

Heartland Financial USA, Inc. (NASDAQ: HTLF) reported a 6% decline in net income to $47.9 million for Q1 2022, with diluted earnings per share at $1.12. Loan growth was robust, rising by $357.8 million (4%) excluding PPP loans. However, noninterest income increased by 14% to $34.6 million, driven by service charges and credit card revenue. The board approved a bank charter consolidation, expected to yield $20 million in financial benefits post completion in 2023, despite incurring $17 million in restructuring costs.