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.
Heartland Financial USA reported a net income of $30.1 million or $0.82 per diluted share for Q2 2020, down from $45.2 million or $1.26 per diluted share in Q2 2019. The net interest margin remained steady at 3.81%, while the efficiency ratio improved to 55.75%. Heartland funded 4,800 PPP loans totaling $1.2 billion and completed a $115 million preferred stock issuance. Despite growth in assets and loans, the allowance for credit losses increased to $119.9 million amid ongoing COVID-19 impacts.
Heartland Financial USA, Inc. (NASDAQ: HTLFP) declared a dividend of $211.94 per share on its Series E Preferred Stock, equating to $0.52986111 per depositary share. This dividend is payable on October 15, 2020, to stockholders of record as of September 30, 2020. Heartland manages assets of approximately $13.3 billion and offers a wide range of financial services. The company operates 114 banking locations across several states, indicating a strong regional presence.
DUBUQUE, Iowa, July 23, 2020 (GLOBE NEWSWIRE) -- Heartland Financial USA, Inc. (NASDAQ: HTLF) announced a quarterly cash dividend of $0.20 per share on its common stock, payable on August 29, 2020, to shareholders of record as of August 7, 2020. As of June 30, 2020, there were 36,844,744 shares outstanding. Heartland, which has approximately $13.3 billion in assets, operates in multiple states, providing diverse financial services.
Heartland Financial USA, Inc. (NASDAQ: HTLF) has appointed Nathan Jones as Executive Vice President and Chief Credit Officer. Jones, who brings over 20 years of credit and banking experience, will lead the credit administration organization at Heartland. He previously held significant roles at Bank of America, BMO Harris, and more. Under Jones's leadership, Heartland aims to enhance its credit policies and processes amidst a dynamic credit environment. The company, with assets of $13.2 billion, operates 114 banking locations across multiple states.
DUBUQUE, Iowa, July 06, 2020 (GLOBE NEWSWIRE) -- Heartland Financial USA, Inc. (NASDAQ:HTLF) announced a conference call to discuss its Second Quarter 2020 earnings, scheduled for July 27, 2020, at 5:00 p.m. ET. Key executives, including Lynn B. Fuller, Bruce K. Lee, and Bryan R. McKeag, will lead the presentation, followed by a Q&A session. Financial results will be available on the company’s website post-market close on the same day. Heartland Financial operates with assets over $13.3 billion across 114 banking locations in various states.
Heartland Financial USA has successfully closed its offering of 4,600,000 depositary shares, each representing a 1/400th interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. The offering generated approximately $110.83 million in net proceeds, aimed at supporting organic growth, acquisitions, and repaying debt. The shares will be listed on Nasdaq under the symbol HTLFP, with trading expected to start within 30 days. Heartland holds $13.3 billion in assets and operates 114 banking locations across multiple states.
Heartland Financial USA has announced a public offering of 4,000,000 depositary shares, each representing a 1/400th interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, priced at $25 per share. The offering is expected to close on or around June 26, 2020, and the shares will be listed on Nasdaq under the symbol HTLFP. The net proceeds will support general corporate purposes, including growth initiatives and debt repayment. The underwriters have a 30-day option to purchase an additional 600,000 depositary shares.
Dubuque, Iowa-based Heartland Financial USA (NASDAQ: HTLF) announced that its subsidiary, Arizona Bank & Trust (AB&T), will acquire assets and assume deposits from Johnson Bank's Arizona operations. As of March 31, 2020, Johnson Bank held $5.52 billion in assets and $4.28 billion in deposits. The acquisition includes four banking centers with deposits of approximately $362 million. Upon completion, AB&T will gain over $1.2 billion in assets and expand to ten banking locations. The deal is subject to regulatory approval and expected to close in Q4 2020.
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