Welcome to our dedicated page for Heartland Financial USA Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E news (Ticker: $HTLFP), a resource for investors and traders seeking the latest updates and insights on Heartland Financial USA Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Heartland Financial USA Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Heartland Financial USA Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E's position in the market.
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%.
