Welcome to our dedicated page for Heartland Bncp S news (Ticker: HLAN), a resource for investors and traders seeking the latest updates and insights on Heartland Bncp S stock.
Heartland BancCorp (HLAN) is an Ohio bank holding company for Heartland Bank, a community-focused institution founded in 1911. The company’s news flow is driven largely by quarterly and annual earnings releases, balance sheet updates and strategic announcements. These releases detail net income, net interest income, noninterest income, loan and deposit trends, credit quality metrics and capital ratios for Heartland Bank, giving readers insight into the performance of this commercial banking organization.
Regular earnings announcements from Heartland BancCorp describe how loan growth, deposit mix, net interest margin and operating expenses influence profitability. The company reports on the composition of Heartland Bank’s loan portfolio, including commercial, commercial real estate, 1–4 family residential real estate, home equity and consumer segments, and provides commentary from senior management on loan demand, pricing discipline and credit quality. News items also cover deposit growth across noninterest bearing demand deposits, savings, NOW and money market accounts, and certificates of deposit, along with disclosures about funding costs and liquidity sources.
Another key theme in Heartland BancCorp’s recent news is its pending merger with German American Bancorp. In a joint announcement dated July 29, 2024, the companies disclosed a definitive merger agreement under which Heartland will merge into German American and Heartland Bank will be combined with German American Bank. Subsequent Heartland releases note shareholder approvals for the merger and an anticipated effective date, subject to customary conditions. These articles provide details on the stock-for-stock exchange terms and the expected integration of Heartland’s Ohio banking operations into a co-branded platform within German American’s broader franchise.
Investors and observers using this news page can review a chronological record of Heartland BancCorp’s publicly released information, including financial results, dividend declarations, board changes and the progression of the merger transaction. This context helps readers understand both the historical performance of Heartland BancCorp as an independent community banking organization and its planned combination with German American Bancorp.
Heartland BancCorp (OTCQX: HLAN) reported a net income of $4.5 million, or $2.19 per diluted share, for Q1 2023, an increase from $4.0 million or $1.99 per diluted share in Q1 2022. This marks a slight decline compared to $5.0 million in Q4 2022. The Board declared a quarterly cash dividend of $0.759 per share, payable on July 10, 2023, to shareholders on record as of June 25, 2023. Total assets grew 21.3% to $1.77 billion year-over-year, with loans up 4.6% to $1.45 billion. Nonperforming loans remain low at 0.09% of gross loans. However, the net interest margin decreased to 3.87%, from 4.13% in Q4 2022 due to rising funding costs.
Heartland BancCorp (OTCQX: HLAN) reported a stable net income of $5.0 million, or $2.48 per diluted share, for Q4 2022, consistent with Q4 2021. Annual net income for 2022 decreased to $18.1 million from $18.6 million in 2021. The Board approved a 10% increase in the quarterly cash dividend to $0.759 per share, payable on April 10, 2023. Total revenues rose 6.4% year-over-year to $18.3 million in Q4, with a notable 19.9% uptick in net loans to $1.39 billion. Despite rising expenses, nonperforming assets decreased, indicating strong credit quality. Heartland was also ranked 36th on the OTCQX’s Best 50 list for 2023.
Heartland BancCorp announced the opening of its nineteenth banking center in the Cincinnati market, located at 7755 Montgomery Road, Suite 180, set to open in late December 2022. This expansion marks the first in-state location outside Central Ohio and complements existing centers in Northern Kentucky. G. Scott McComb, the Company’s Chairman and CEO, highlighted the positive reception of their community banking model in the region. The expansion aligns with the bank's strategic growth initiatives in Greater Cincinnati.
Heartland BancCorp (OTCQX: HLAN) reported Q3 2022 net income of $5.1 million, or $2.50 per diluted share, up from $4.8 million a year ago. Year-to-date net income rose to $13 million, or $6.43 per share, compared to $13.6 million in the same period in 2021. The company declared a quarterly cash dividend of $0.69 per share, payable on January 10, 2023. Notable financial metrics include an expanded net interest margin of 4.20% and a 14.8% increase in net loans to $1.3 billion. Total assets grew by 8.3% to $1.58 billion, with a strong loan-to-deposit ratio of 96.4%.
Heartland BancCorp (OTCQX: HLAN) has announced plans to establish its nineteenth branch at 1754 Columbus Pike in Delaware, Ohio, with groundbreaking scheduled for mid-September 2022. The new branch will be designed as a universal model, featuring a night drop, drive-thru, and ATM. A community room will also be included for local gatherings. Construction is expected to take around twelve months, aiming for a late summer 2023 opening. Heartland Bank currently operates 18 branches and has been recognized as a top publicly traded community bank.
Heartland BancCorp (OTCQX: HLAN) reported a net income of $3.9 million, or $1.94 per diluted share, for Q2 2022, down from $4.2 million in Q2 2021. Year-to-date earnings reached $8.0 million. The company declared a quarterly cash dividend of $0.69 per share, payable on October 11, 2022. Loan portfolio growth was notable, with gross loans climbing 15.5% year-over-year, reaching $1.21 billion. The net interest margin expanded to 3.92%, despite a decline in noninterest income. Credit quality remained strong with nonperforming loans at 0.12%.
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Heartland BancCorp (OTCQX: HLAN) announced the election of Ohio Lt. Governor Jon A. Husted to its Board of Directors, effective May 17, 2022. Husted brings extensive experience from his previous governmental roles, including Secretary of State and Speaker of the Ohio House. Chairman G. Scott McComb emphasized Husted's strategic decision-making skills, which will bolster the bank's growth in Ohio. Heartland BancCorp is the parent company of Heartland Bank, which operates 18 banking offices and offers a range of financial services.
Heartland BancCorp (OTCQX: HLAN) reported a net income of $4.0 million, or $1.99 per diluted share, for Q1 2022, down from $4.6 million a year prior. This decline reflects reduced interest from SBA Paycheck Protection Program (PPP) loans. The company declared a quarterly cash dividend of $0.69 per share, payable on July 10, 2022. Total assets decreased by 7.4% to $1.45 billion, mainly due to PPP loan forgiveness. Despite these challenges, core loan growth remains stable, with nonperforming assets decreasing to 0.09% of total assets.
Heartland BancCorp (OTCQX: HLAN) reported a net income of $5.0 million or $2.48 per diluted share for Q4 2021, down from $5.8 million or $2.87 per diluted share a year earlier. However, full-year net income rose to $18.6 million, up 25.9% from 2020. Net loans, excluding PPP loans, increased by $56.9 million (5.3%) on a linked quarter basis. The company declared a quarterly cash dividend of $0.69 per share, a 10% increase. The net interest margin improved to 3.86%, reflecting strong loan growth and better loan mix.
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