Heartland Financial USA, Inc. - HTLF STOCK NEWS

Heartland Financial USA (HTLF) reported record annual net income of $211.9 million, or $5.00 per diluted share, for the year ended December 31, 2021, a 59% increase from the previous year. Quarterly net income was $47.6 million, a 26% rise year-over-year. Annual loan growth reached $689.4 million (8%), with quarterly growth of $309.0 million (13% annualized). Nonperforming assets decreased to 0.37%, while net loan charge-offs were 0.04% of average loans. The company is also consolidating its eleven bank charters to enhance operational efficiency, pending regulatory approval.

Heartland Financial USA, Inc. (NASDAQ: HTLF) announced a quarterly cash dividend of $0.27 per share, payable on February 25, 2022, to stockholders of record by February 11, 2022. With 42,275,264 common shares outstanding as of December 31, 2021, this dividend reflects the company's commitment to returning income to shareholders. HTLF operates with total assets of $19 billion across multiple states, focusing on commercial services and retail banking.

Heartland Financial USA, Inc. (NASDAQ: HTLFP) declared a dividend of $175 per share on its Series E Preferred Stock, amounting to $0.4375 per depositary share. Record date is March 31, 2022, with payment scheduled for April 15, 2022. The company operates with assets totaling $19 billion and provides a range of financial services across multiple states.

Heartland Financial USA, Inc. (NASDAQ: HTLF) will host a conference call on January 31, 2022, at 5:00 p.m. ET to discuss its Fourth Quarter 2021 earnings. Key executives, including Executive Operating Chairman Lynn B. Fuller and President and CEO Bruce K. Lee, will lead the call. Financial results will be available on HTLF's website after market close on the same day. Interested parties must register in advance for participation, with access information provided upon registration. HTLF operates across multiple states with assets totaling $19.00 billion.

HTLF (NASDAQ: HTLF) has launched its new Food & Agribusiness division aimed at providing a comprehensive suite of banking services tailored to businesses across the food supply chain. Led by Hakan Erdinc, EVP, the division focuses on understanding the cyclical nature of the industry. HTLF aims to support a range of clients from family farms to large distribution operations, leveraging local knowledge and technology. With assets of $19 billion, HTLF is committed to serving multiple states, enhancing its capacity to meet the financial needs of the food and agribusiness sector.

Heartland Financial USA (HTLF) reported a quarterly net income of $53.9 million for Q3 2021, up 18% from $45.5 million in Q3 2020. Year-to-date income reached $164.3 million, reflecting a 72% increase. Loan growth stood at $262.8 million (11% annualized), with nonperforming assets decreasing to 0.46% of total assets. The company received $419.9 million in PPP loan forgiveness and raised its dividend by 8% to $0.27 per share. However, net interest margin fell to 3.30%, down from 3.51% in the prior year.

Heartland Financial USA (NASDAQ: HTLF) announced an 8% increase in its quarterly cash dividend, raising it from $0.25 to $0.27 per share. This is the third increase in 2021, culminating in a total increase of 35% over the prior year. The new dividend is payable on November 30, 2021, to shareholders on record by November 15, 2021. With 42,250,092 common shares outstanding, this reflects the company's strong financial health and commitment to returning value to shareholders.

Heartland Financial USA, Inc. (HTLF) has declared a dividend of $175.00 per share on its Series E Preferred Stock, equating to $0.4375 per depositary share. This dividend will be paid to stockholders of record on December 31, 2021, with the payment date set for January 15, 2022. HTLF, with assets totaling $18.37 billion, offers a range of financial services across multiple states, emphasizing a strong retail operation and diversified financial solutions.

Heartland Financial USA (NASDAQ: HTLF) will host a conference call to discuss its Q3 2021 earnings on October 25, 2021, at 5:00 p.m. ET. The call will feature Lynn B. Fuller, Bruce K. Lee, and Bryan R. McKeag. Shareholders and analysts can register in advance for the call and must use the provided access information. Heartland, with approximately $18.37 billion in assets as of June 30, 2020, serves various communities across multiple states, offering a range of financial services. Financial results will be available after market close on the same day.