Welcome to our dedicated page for Heartland Financial USA news (Ticker: HTLF), a resource for investors and traders seeking the latest updates and insights on Heartland Financial USA stock.
Heartland Financial USA, Inc. (NASDAQ: HTLF) is a diversified financial services company headquartered in Denver, Colorado. Established in 1981, the company has grown to become one of the top 100 bank holding companies in the United States, boasting assets totaling $20.2 billion as of March 31, 2023. The company operates under the brand name HTLF and serves communities in 11 states including Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas, and Wisconsin.
Heartland Financial USA offers a broad range of commercial, small business, and consumer banking services. Its core business segments include Commercial Banking, Agricultural Loans, Small Business Banking, Residential Real Estate Mortgage Lending, Consumer Banking, and Wealth Management and Retirement Plan Services. In addition, HTLF provides specialized services through its subsidiaries:
- Trust, Investment Management, and Retirement Plan Services via the Wealth Management Group
- Brokerage and Investment Services through LPL Financial Institution Services
- Consumer Finance Services by Citizens Finance Co.
- Home Mortgage Loans offered by Heartland Mortgage
HTLF emphasizes its unique approach as a commercial banking organization supported by a strong retail delivery system. The company aims to differentiate itself by providing a personalized banking experience to its clients. Recent achievements include the seamless integration of new banking technologies to enhance customer experience through online, mobile, and remote banking platforms.
Recent events highlight the company’s proactive communication with stakeholders. For instance, Bruce K. Lee, President and CEO, along with Bryan R. McKeag, Chief Financial Officer, frequently conduct conference calls to discuss financial results and future projections. These sessions provide an opportunity for analysts to engage directly with the company’s leadership.
HTLF remains committed to its core commercial business, backed by a robust retail operation. The company’s diversified financial services include treasury management, wealth management, investments, and residential mortgage services. Heartland Financial USA continuously looks for ways to optimize its operations and expand its market reach.
For the latest updates and more detailed information, visit the company's official website at www.htlf.com.
Heartland Financial USA, Inc. (NASDAQ: HTLF) reported a strong performance for Q1 2023, with net income rising to $50.8 million, a 24% increase from $41.1 million in Q1 2022. Earnings per diluted share also improved to $1.19, up 23%. The bank maintained a common equity tier 1 ratio of 11.28%, significantly above the well-capitalized requirement of 6.50%. However, total customer deposits fell 4%, decreasing by $618.2 million. The bank's net interest income increased by 13% to $152.2 million and the efficiency ratio improved to 57.16%. Recent charter consolidations are expected to yield $20 million in annual benefits, although restructuring costs are projected at $19-$20 million.
Heartland Financial USA, Inc. (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.30 per share on its common stock, payable on May 26, 2023. Stockholders must be on record by the close of business on May 12, 2023. The company has 42,558,726 common shares outstanding as of March 31, 2023.
Additionally, a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), equating to $0.4375 per depositary share, has been approved. This dividend will be payable on July 17, 2023, to stockholders of record by June 30, 2023.
Heartland Financial, based in Denver, has assets totaling $20.2 billion as of December 31, 2022, serving multiple states with a diversified range of financial services.
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