Heartland Finl Usa Inc - HTLF STOCK NEWS

Heartland Financial USA announced that Christopher S. Hylen will join its Board of Directors as an independent director. Hylen, who has over 25 years of experience in technology and financial services, previously served as CEO of Reltio and Imperva, enhancing customer experiences through innovative solutions. Heartland, with assets around $15.6 billion, aims to leverage his expertise to improve strategies and stakeholder value. The company operates 113 banking locations across 10 states, offering diversified financial services.

Heartland Financial USA (HTLF) has successfully completed its acquisition of four Arizona branches from Johnson Bank, effective December 4, 2020. This transaction adds approximately $150 million in gross loans and $400 million in deposits to Arizona Bank & Trust (AB&T), Heartland's wholly-owned subsidiary. With this acquisition, AB&T's branches increase from six to ten in the East Valley, enhancing its presence in the Phoenix market. Following this and a prior acquisition of AimBank, Heartland's total assets will approach $18 billion across 140 locations in 12 states.

Heartland Financial USA, Inc. has completed its acquisition of AimBank, creating Heartland's largest community bank and enhancing its presence in West Texas. The deal, finalized on December 4, 2020, involved AimBank's assets of approximately $1.85 billion and net loans of $1.12 billion. AimBank shareholders received around 5.18 million shares of Heartland common stock and approximately $47.3 million in cash. This merger is expected to strengthen Heartland's operational scale and customer service capabilities across Texas and New Mexico.

Heartland Financial USA reported a record net income of $45.5 million for Q3 2020, a 32% increase from Q3 2019. Earnings per share rose to $1.23, up 31% year-over-year. The net interest margin was 3.51%, down from 3.98% in Q3 2019, while the efficiency ratio improved to 54.67%. Over nine months, net income fell to $95.7 million from $111.3 million in 2019. Additionally, the company contributed $1.5 million to community support during the pandemic, while preparing for acquisitions of AIM Bancshares and Johnson Financial Group.

Heartland Financial USA, Inc. (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.20 per share, payable on November 30, 2020, to stockholders on record as of November 13, 2020. This reflects the company's commitment to returning value to shareholders. Heartland, with assets of $15.0 billion, operates across multiple states, providing various financial services. The firm had 36,885,390 common shares outstanding as of September 30, 2020. Forward-looking statements highlight potential risks related to economic conditions and the ongoing COVID-19 pandemic.

Heartland Financial USA declared a $175.00 dividend per share on its Series E Preferred Stock, equating to $0.4375 per depositary share. This dividend is payable to stockholders of record on December 31, 2020, with payment scheduled for January 15, 2021. The company, with assets of $15.0 billion, operates 113 banking locations across multiple states, offering a range of financial services.

Heartland Financial USA, Inc. (NASDAQ: HTLF) will broadcast its Third Quarter 2020 earnings conference call on October 26, 2020, at 5:00 p.m. ET. Key executives, including Lynn B. Fuller and Bruce K. Lee, will lead the session.

Financial results will be accessible on the company’s website after market close on the same day. Interested participants can join the call by dialing (866) 928-9948 at least five minutes prior to the start.

Minnesota Bank & Trust has announced a donation of $20,000 to Noble Academy in recognition of World Teachers' Day. This contribution aims to support the purchase of essential supplies and personal protective equipment amid current challenges faced by K-12 schools. Earlier, the bank contributed $100,000 to the Minnesota Disaster Recovery Fund in response to COVID-19. Minnesota Bank & Trust is a subsidiary of Heartland Financial USA, managing assets over $718 million.

Heartland Financial USA (NASDAQ: HTLF) has announced contributions exceeding $260,000 to high-need schools amid COVID-19 challenges. Each member bank donated $20,000 to local schools through AdoptAClassroom.org, addressing urgent needs for PPE and technology. Earlier in 2020, Heartland donated $1.2 million to nonprofits focused on COVID-19 responses. The contributions celebrate World Teachers' Day, emphasizing the importance of supporting K-12 educators and students, especially during remote learning.