Heartland Finl Usa Inc - HTLF STOCK NEWS

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.

HTLF (NASDAQ: HTLF) announced a conference call scheduled for April 24, 2023, at 5 p.m. ET to discuss its first quarter 2023 financial results, led by President and CEO Bruce K. Lee and CFO Bryan R. McKeag. The financial results will be available on the company’s website post-market close on the same day.

Participants can join the call via phone or webcast, with registration details provided in the press release. HTLF operates with $20.2 billion in assets as of December 31, 2022, serving various U.S. states and offering a range of financial services.

Heartland Financial USA (NASDAQ: HTLF) reported impressive financial results for Q4 2022, with a net income of $58.6 million, or $1.37 per diluted share, marking a 23% increase from Q4 2021. Annual net income reached $204.1 million with earnings per diluted share at $4.79 despite a 4% decrease year-over-year. Loan growth was robust, totaling $504.8 million in Q4 and $1.47 billion annually, with total revenue hitting a record $726.5 million in 2022. The bank also completed five charter consolidations, enhancing operational efficiency, and reported a decline in nonperforming assets to 0.33% of total assets.

Heartland Financial USA, Inc. (NASDAQ: HTLFP) has announced a dividend of $0.4375 per depositary share for its Series E Preferred Stock, totaling $175 per share. This dividend will be paid to stockholders of record on March 31, 2023, and is scheduled for payment on April 17, 2023. The company, which operates as HTLF, has total assets amounting to $19.68 billion and serves communities across several U.S. states, providing diverse financial services.

Heartland Financial USA (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.30 per share, marking a 7% increase from the previous quarter. The dividend will be distributed on February 28, 2023, to stockholders of record as of February 10, 2023. With 42,467,394 common shares outstanding as of December 31, 2022, this dividend increase reflects the company’s commitment to returning income to shareholders. Heartland, a bank holding company with $19.68 billion in assets, operates across various states providing diversified financial services.

HTLF (NASDAQ: HTLF) will host a conference call to discuss its fourth quarter 2022 earnings on January 30, 2023, at 5 p.m. ET. President and CEO Bruce K. Lee and CFO Bryan R. McKeag will present the financial results, which will be published on HTLF's website after market close on the same day. Participants can join the call via phone or webcast, with registration links available in the release. HTLF, a financial services company with assets totaling $19.68 billion, operates in several states and offers a range of services including treasury management and residential mortgages.

Heartland Financial USA reported a quarterly net income of $54.6 million, up 1% from the previous year, with diluted earnings per share of $1.28. Total revenue rose 5% to $185.1 million, driven by a 9% increase in net interest income. Loan growth reached $254.8 million, and the efficiency ratio improved to 55.26%. However, net income for the nine months fell 11% year-over-year. The company also completed charter consolidations to enhance operational efficiency, expected to yield approximately $20 million in annual benefits.

Heartland Financial USA announced a dividend of $0.4375 per depositary share of its Series E Preferred Stock, equating to $175 per share. This will be paid to stockholders of record on December 31, 2022, with a payment date set for January 17, 2023. The company operates with assets totaling $19.66 billion and serves communities across various states, focusing on commercial financial services. The announcement signals the company's commitment to returning value to shareholders.