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. has completed its acquisition of AimBank, creating Heartland's largest community bank and enhancing its presence in West Texas. The deal, finalized on December 4, 2020, involved AimBank's assets of approximately $1.85 billion and net loans of $1.12 billion. AimBank shareholders received around 5.18 million shares of Heartland common stock and approximately $47.3 million in cash. This merger is expected to strengthen Heartland's operational scale and customer service capabilities across Texas and New Mexico.
Heartland Financial USA reported a record net income of $45.5 million for Q3 2020, a 32% increase from Q3 2019. Earnings per share rose to $1.23, up 31% year-over-year. The net interest margin was 3.51%, down from 3.98% in Q3 2019, while the efficiency ratio improved to 54.67%. Over nine months, net income fell to $95.7 million from $111.3 million in 2019. Additionally, the company contributed $1.5 million to community support during the pandemic, while preparing for acquisitions of AIM Bancshares and Johnson Financial Group.
Heartland Financial USA, Inc. (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.20 per share, payable on November 30, 2020, to stockholders on record as of November 13, 2020. This reflects the company's commitment to returning value to shareholders. Heartland, with assets of $15.0 billion, operates across multiple states, providing various financial services. The firm had 36,885,390 common shares outstanding as of September 30, 2020. Forward-looking statements highlight potential risks related to economic conditions and the ongoing COVID-19 pandemic.
Heartland Financial USA declared a $175.00 dividend per share on its Series E Preferred Stock, equating to $0.4375 per depositary share. This dividend is payable to stockholders of record on December 31, 2020, with payment scheduled for January 15, 2021. The company, with assets of $15.0 billion, operates 113 banking locations across multiple states, offering a range of financial services.
Heartland Financial USA, Inc. (NASDAQ: HTLF) will broadcast its Third Quarter 2020 earnings conference call on October 26, 2020, at 5:00 p.m. ET. Key executives, including Lynn B. Fuller and Bruce K. Lee, will lead the session.
Financial results will be accessible on the company’s website after market close on the same day. Interested participants can join the call by dialing (866) 928-9948 at least five minutes prior to the start.
Minnesota Bank & Trust has announced a donation of $20,000 to Noble Academy in recognition of World Teachers' Day. This contribution aims to support the purchase of essential supplies and personal protective equipment amid current challenges faced by K-12 schools. Earlier, the bank contributed $100,000 to the Minnesota Disaster Recovery Fund in response to COVID-19. Minnesota Bank & Trust is a subsidiary of Heartland Financial USA, managing assets over $718 million.
Heartland Financial USA (NASDAQ: HTLF) has announced contributions exceeding $260,000 to high-need schools amid COVID-19 challenges. Each member bank donated $20,000 to local schools through AdoptAClassroom.org, addressing urgent needs for PPE and technology. Earlier in 2020, Heartland donated $1.2 million to nonprofits focused on COVID-19 responses. The contributions celebrate World Teachers' Day, emphasizing the importance of supporting K-12 educators and students, especially during remote learning.
Heartland Financial USA reported a net income of $30.1 million or $0.82 per diluted share for Q2 2020, down from $45.2 million or $1.26 per diluted share in Q2 2019. The net interest margin remained steady at 3.81%, while the efficiency ratio improved to 55.75%. Heartland funded 4,800 PPP loans totaling $1.2 billion and completed a $115 million preferred stock issuance. Despite growth in assets and loans, the allowance for credit losses increased to $119.9 million amid ongoing COVID-19 impacts.
Heartland Financial USA, Inc. (NASDAQ: HTLFP) declared a dividend of $211.94 per share on its Series E Preferred Stock, equating to $0.52986111 per depositary share. This dividend is payable on October 15, 2020, to stockholders of record as of September 30, 2020. Heartland manages assets of approximately $13.3 billion and offers a wide range of financial services. The company operates 114 banking locations across several states, indicating a strong regional presence.
DUBUQUE, Iowa, July 23, 2020 (GLOBE NEWSWIRE) -- Heartland Financial USA, Inc. (NASDAQ: HTLF) announced a quarterly cash dividend of $0.20 per share on its common stock, payable on August 29, 2020, to shareholders of record as of August 7, 2020. As of June 30, 2020, there were 36,844,744 shares outstanding. Heartland, which has approximately $13.3 billion in assets, operates in multiple states, providing diverse financial services.
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