HTLF - Earnings announcements

Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429502428/en/ Founded in 1981, HTLF is headq

First Quarter Highlights •Quarterly net income available to common stockholders of $49.7 million or $1.16 per common share•Adjusted earnings available to common stockholders of $52.4 million or $1.22 adjusted diluted earnings per common share, which excludes $1.4 million of acquisition, integration and restructuring costs and $2.0 million of FDIC special assessment expense•Common equity ratio increased to 9.76%; Tangible common equity ratio (non-GAAP) improved 35 basis points to 6.88%•Net interest margin, full tax-equivalent (non-GAAP) increased to 3.57% for the quarter ended March 31, 2024 from 3.52% for the quarter ended December 31, 2024•Annualized loan yield increased to 6.63% for the q

Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) KANSAS CITY, Mo. and DENVER, April 29, 2024 (GLOBE NEWSWIRE) -- UMB Financial Corporation (NASDAQ:UMBF) and Heartland Financial, USA Inc. (NASDAQ:HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. Founded in 1981, HTLF is headquartered in Denver and has $19.4 billion in assets, $16.2 bill

DENVER, April 15, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its first quarter 2024 financial results at 5 p.m. ET on Wednesday, May 1, 2024. Bruce K. Lee, President and CEO, and Kevin L. Thompson, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation.   Financial results will be available on the company's website on May 1, 2024, after market close. To access the call by phone, please register here. To avoid potential delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time.  Upo

Fourth Quarter Highlights Net loss available to common stockholders of ($72.4) million or ($1.69) per diluted common share.Adjusted earnings available to common stockholders of $45.6 million, or $1.06 per diluted common share (non-GAAP), which excludes losses related to balance sheet repositioning, losses on sale or write-down of assets, FDIC special assessment expense, and restructuring costs.Loan growth of $196.2 million or 2%.Average customer deposits grew $270.7 million or 2%.Common equity ratio increased to 9.27%; Tangible common equity ratio (non-GAAP) improved 80 basis points to 6.53%.Net interest margin, fully tax-equivalent (non-GAAP) improved 34 basis points to 3.52%.Consolidate

DENVER, Jan. 16, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its fourth quarter 2023 financial results at 5 p.m. ET on Monday, January 29, 2024. Bruce K. Lee, President and CEO, and Kevin L. Thompson, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation. Financial results will be available on the company's website on January 29, 2024, after market close. To access the call by phone, please register here. To avoid potential delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start ti

Highlights and Developments Quarterly net income available to common stockholders of $46.1 millionQuarterly diluted earnings per common share of $1.08, which includes $.04 of acquisition, integration and restructuring costsQuarterly loan growth of $154.5 million or 1%Total customer deposit growth during the quarter of $152.3 million or 1%Nonperforming assets to total assets and 30-89 day loan delinquencies remained unchanged at 0.33% and 0.12%, respectivelyNonperforming loans to total loans decreased to 0.44% from 0.54% at June 30, 2023 and 0.60% at September 30, 2022Completed the consolidation of two bank charters during the quarter, and the final charter was consolidated following the

DENVER, Oct. 16, 2023 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its third quarter 2023 financial results at 5 p.m. ET on Monday, October 30, 2023. Bruce K. Lee, President and CEO, and Bryan R. McKeag, Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session for analysts following the presentation. Financial results will be available on the company's website on October 30, 2023, after market close. To access the call by phone, please register here. To avoid potential delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time.

Highlights and Developments Quarterly net income available to common stockholders of $47.4 millionQuarterly diluted earnings per common share of $1.11Total revenue growth of $2.6 million or 1% from the second quarter of 2022, and $15.6 million or 5% from the first six months of 2022Quarterly loan growth of $222.6 million or 2%Nearly 1,300 net new commercial deposit accounts and over 1,400 net new consumer deposit accounts opened in the quarterCompleted the consolidation of two bank charters during the quarter, and one charter consolidation completed subsequent to the end of the quarter   Quarter EndedJune 30, Six Months EndedJune 30,   2023   2022   2023   2022 Net income available to commo

DENVER, July 17, 2023 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its second quarter 2023 financial results at 5 p.m. ET on Monday, July 31, 2023. Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session following the presentation. Financial results will be available on the company's website on July 31, 2023, after market close. To access the call by phone, please register here. To avoid delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time. 

Highlights and Developments Quarterly net income available to common stockholders of $50.8 millionDiluted earnings per common share of $1.19Efficiency ratio, fully tax-equivalent (non-GAAP)(1) of 57.16%Quarterly net recoveries of $1.0 million and 30-89 day loan delinquencies were 0.10% of total loansTotal deposits increased $168.3 million or 1%Total customer deposits decreased $618.2 million or 4%Uninsured deposits, excluding collateralized public deposits, were 35% of total deposits as of March 31, 2023Increased borrowing capacity by $1.7 billion during the quarter to $2.8 billionCommon equity tier 1 ratio to risk-weighted assets of 11.28%, which is substantially above the well-capitaliz

DENVER, April 10, 2023 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) today announced the company will host a conference call detailing its first quarter 2023 financial results at 5 p.m. ET on Monday, April 24, 2023. Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session following the presentation.   Financial results will be available on the company's website on April 24, 2023, after market close. To access the call by phone, please register here. To avoid delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time

Highlights Quarterly net income available to common stockholders of $58.6 million or $1.37 per diluted common shareAnnual net income available to common stockholders of $204.1 million or $4.79 per diluted common shareQuarterly loan growth of $504.8 million or 5%Annual loan growth of $1.47 billion or 15%. Excluding decreases in Paycheck Protection Program ("PPP") loans, annual loan growth was $1.66 billion or 17%.Total revenue growth during the quarter of $10.1 million or 5% and $37.0 million or 5% during the yearNonperforming assets to total assets declined to 0.33% and 30-89 day loan delinquencies fell to 0.04% of total loansNet loan recoveries for the quarter of $1.7 millionCompleted the

DENVER, Jan. 17, 2023 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) announced the company will host a conference call detailing its fourth quarter 2022 earnings at 5 p.m. ET on Monday, January 30, 2023. Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. There will be a question-and-answer session following the presentation. Financial results will be available on the company's website on January 30, 2023, after market close. To access the call by phone, please register here and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call 15 minutes

Highlights and Developments•Quarterly loan growth of $254.8 million or 2%, exclusive of Paycheck Protection Program ("PPP") loans•Total revenue growth of $8.1 million or 5% during the quarter to $185.1 million•Quarterly net income available to common stockholders of $54.6 million•Efficiency ratio of 55.26%•Diluted earnings per common share of $1.28•Quarterly net charge-offs of $26,000 and 30-89 day loan delinquencies were 0.10% of total loans•Completed the consolidation of two bank charters during the quarter, and one charter consolidation completed subsequent to the end of the quarter  Quarter EndedSeptember 30, Nine Months Ended September 30,  2022   2021   2022   2021 Net income availabl

DUBUQUE, Iowa, Oct. 17, 2022 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its third quarter 2022 earnings live at 5 p.m. ET on Monday, October 31, 2022. Bruce K. Lee, President and CEO and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company's website on October 31, 2022, after the market closes. There will be a question-and-answer session following the presentation. Shareholders, analysts and other interested parties are invited to join the call. To Join the Conference Call via webcast: 10 minutes prior to the c

Highlights and Developments Quarterly loan growth of $551.9 million or 5%, exclusive of Paycheck Protection Program ("PPP") loansQuarterly net income available to common stockholders of $49.9 millionEfficiency ratio of 57.66%Diluted earnings per common share of $1.17Quarterly net charge-offs of $714,000 and 30-89 day loan delinquencies were 0.06% of total loansCitywide Banks is now operating as a division of HTLF Bank, completing the first stage of charter consolidation  Quarter EndedJune 30, Six Months EndedJune 30,  2022   2021   2022   2021 Net income available to common stockholders (in millions)$49.9  $59.6  $90.9  $110.4 Diluted earnings per common share 1.17   1.41   2.14   2.61     

DUBUQUE, Iowa, July 11, 2022 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its Second Quarter 2022 earnings live at 5:00 p.m. ET on Monday, July 25, 2022. Bruce K. Lee, President and CEO and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company's website on July 25, 2022, after the market closes. There will be a question-and-answer session following the presentation. Shareholders, analysts and other interested parties are invited to join the call. Please note the procedures for the call. NEW PROCEDURE Joining the

DUBUQUE, Iowa, April 25, 2022 (GLOBE NEWSWIRE) -- Heartland Financial USA, Inc. (NASDAQ:HTLF) —  Highlights and Developments Quarterly loan growth of $357.8 million or 4%, exclusive of Paycheck Protection Program ("PPP") loansQuarterly non-time deposit growth of $219.4 million or 1%Quarterly net income available to common stockholders of $47.9 millionDiluted earnings per common share of $1.12Nonperforming assets to total assets of 0.32% and 30-89 day loan delinquencies were 0.10% of total loans  Three MonthsEnded March 31,  2022   2021 Net income available to common stockholders (in millions)$        47.9          $        50.8         Diluted earnings per common share         

DUBUQUE, Iowa, April 11, 2022 (GLOBE NEWSWIRE) -- HTLF (NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its First Quarter 2022 earnings live at 5:00 p.m. ET on Monday, April 25, 2022. Bruce K. Lee, President and CEO and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company's website on April 25, 2022, after the market closes. There will be a question-and-answer session following the presentation. Shareholders, analysts and other interested parties are invited to join the call. Please note the procedures for the call. Joining the Conference Cal

Highlights Record annual net income available to common stockholders of $211.9 million or $5.00 per diluted common shareQuarterly net income available to common stockholders of $47.6 million or $1.12 per diluted common shareAnnual loan growth of $689.4 million or 8%, exclusive of Paycheck Protection Program ("PPP") loansQuarterly loan growth of $309.0 million or 13% annualized, exclusive of PPP loansNonperforming assets to total assets declined to 0.37% and 30-89 day loan delinquencies fell to 0.07% of total loansNet loan charge-offs for the quarter of $637,000 or 0.03% of average loans, and net charge offs for the year of $3.8 million or 0.04% of average loa

DUBUQUE, Iowa, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Officials of Heartland Financial USA, Inc. (NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its Fourth Quarter 2021 earnings at 5:00 p.m. ET on Monday, January 31, 2022. Lynn B. Fuller, Executive Operating Chairman; Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company's website on January 31, 2022, after the market closes. There will be a question-and-answer session following the presentation. Shareholders, analysts and other interested parties are invited to

Highlights and Developments Quarterly net income available to common stockholders of $53.9 million compared to $45.5 million for the third quarter of 2020, an increase of $8.4 million or 18%  Year to date net income available to common stockholders of $164.3 million compared to $95.7 million for the nine months ended September 30, 2020, an increase of $68.6 million or 72%  Quarterly loan growth of $262.8 million or 11% annualized, exclusive of Paycheck Protection Program ("PPP") loans  Net recoveries on previously charged off loans of $1.3 million, nonperforming assets to total assets declined to 0.46%, and 30-89 day loan delinquencies fell to 0.12% of total loans for the third quarter of

DUBUQUE, Iowa, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Officials of Heartland Financial USA, Inc. (NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its Third Quarter 2021 earnings live over the internet at www.htlf.com at 5:00 p.m. ET on Monday, October 25, 2021. Lynn B. Fuller, Executive Operating Chairman; Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company's website on October 25, 2021, after the market closes. There will be a question-and-answer session following the presentation. Shareholders, analysts and o

Highlights and Developments Net income available to common stockholders of $59.6 million compared to $30.1 million for the second quarter of 2020, an increase of $29.5 million or 98%Net income available to common stockholders of $110.4 million compared to $50.2 million for the six months ended June 30, 2020, an increase of $60.2 million or 120%Diluted earnings per common share of $1.41 compared to $0.82 for the second quarter of the prior year, an increase of $0.59 or 72%Quarterly loan growth was $287.7 million or 13% annualized, exclusive of Paycheck Protection Program ("PPP") loansNon-time deposit growth of $133.3 million or 1% for the second quarter of 2021 and $780.0 million or 6% for t