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Last $36.84 USD
Change Today -0.45 / -1.21%
Volume 23.2K
HTLF On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:30 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

heartland financial usa inc (HTLF) Snapshot

Open
$37.18
Previous Close
$37.29
Day High
$37.18
Day Low
$36.65
52 Week High
06/23/15 - $38.20
52 Week Low
07/28/14 - $23.10
Market Cap
759.7M
Average Volume 10 Days
64.7K
EPS TTM
$2.95
Shares Outstanding
20.6M
EX-Date
05/20/15
P/E TM
12.5x
Dividend
$0.40
Dividend Yield
1.08%
Current Stock Chart for HEARTLAND FINANCIAL USA INC (HTLF)

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heartland financial usa inc (HTLF) Details

Heartland Financial USA, Inc., a diversified financial services company, provides banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits. The company also offers commercial and industrial loans; small business loans; agricultural loans; real estate mortgage loans; consumer loans comprising motor vehicle loans, home improvement loans, home equity line of credit, and fixed rate home equity loans; and commercial real estate loans. In addition, it provides wealth and investment management, trust, retirement plan, and brokerage and investment services, as well as mortgage and consumer finance services. In addition, the company offers electronic banking services, as well as client access to account information through business and personal online banking, mobile banking, bill payment, remote deposit capture, treasury management services, VISA debit cards, and automated teller machines. Further, it provides vehicle, property and casualty, life, and disability insurance. As of April 27, 2015, it operated 86 banking locations in 63 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, and Missouri; and loan production offices in California, Nevada, Wyoming, Idaho, North Dakota, Oregon, Washington, and Nebraska. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.

1,776 Employees
Last Reported Date: 05/7/15
Founded in 1981

heartland financial usa inc (HTLF) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $470.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $300.0K
Executive Vice President of Operations
Total Annual Compensation: $240.0K
Executive Vice President of Lending, Chief Ex...
Total Annual Compensation: $270.0K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $270.0K
Compensation as of Fiscal Year 2014.

heartland financial usa inc (HTLF) Key Developments

Heartland Financial USA Mulls Acquisitions

Heartland Financial USA, Inc. (NasdaqGS:HTLF) is seeking acquisitions. Lynn Fuller, Chairman and Chief Executive of Heartland Financial USA, said, “Heartland is interested in pursuing more deals in the Central Valley over the next 24 months. The company is keen to reach $1 billion of assets in each of its markets.”

Heartland Financial USA, Inc. Appoints Chrisanna Elser to Director of Financial Planning

Heartland Financial USA, Inc. announced the appointment of Chrisanna Elser to Director of Financial Planning. She will be responsible for the preparation and delivery of customized financial planning services for clients and prospects throughout Heartland's 10-state footprint. Elser brings extensive knowledge and experience in the area of financial planning. She has more than 10 years experience in the planning and investment profession, having worked in banks and brokerage firms. Most recently, Elser served as a Portfolio Consultant with Charles Schwab. Her experience also includes training and customer relationship development.

Heartland Financial USA, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Heartland Financial USA Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income available to common stockholders of $15.5 million, or $0.76 per diluted common share compared to $6.7 million, or $0.36 per diluted common share, for the first quarter of 2014. Return on average common equity was 13.58% and return on average assets was 0.97% compared to 7.41% and 0.47%, respectively, for the same quarter in 2014. Positively affecting net income for the quarter were increases in net interest income, securities gains and gains on sale of loans held for sale and a reduction in provision for loan and lease losses. These improvements were partially offset by increases in the noninterest expense categories of salaries and employee benefits, professional fees and other noninterest expenses. Interest income increased $5.8 million or 10% to $63.1 million from the $57.3 million recorded in the first quarter of 2014. After adjustment to add $2.4 million for both the first quarter of 2015 and the first quarter of 2014 for income taxes saved on the interest earned on nontaxable securities and loans, on a tax-equivalent basis, interest income in the first quarter of 2015 was $65.5 million compared to $59.6 million in the first quarter of 2014. The increase in interest income as compared to the first quarter of 2014, was primarily due to an increase in average earning assets, which increased $578.9 million or 11% during the first quarter of 2015 compared to the first quarter of 2014, with approximately $375.0 million attributable to the acquisition completed during the first quarter of 2015 and the remainder attributable primarily to loan growth experienced during the last three quarters of 2014. Net interest income increased $5.3 million or 11% to $53.9 million from the $48.6 million recorded in the first quarter of 2014. Net interest income on a tax-equivalent basis totaled $56.3 million during the first quarter of 2015, an increase of $5.3 million or 10% from the $51.0 million recorded during the first quarter of 2014. Net interest income after provision for loan and lease losses was $52.259 million compared to $42.281 million for the same period last year. Income before income taxes was $23.308 million compared to $8.593 million for the same period last year. Book value per common share as at March 31, 2015 was $23.59 compared to $20.36 as at March 31, 2014. Tangible book value per common share was $20.41 compared to $17.86 a year ago. Tangible book value per share was $20.41 compared to $17.86 a year ago. Net charge-offs on loans during the first quarter ended March 31, 2015 were $1.3 million compared to $9.4 million during the first quarter of 2014. The higher amount during the first quarter of 2014 was primarily due to a $6.8 million credit which was fully charged off.

 

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HTLF Competitors

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Company Last Change
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Tompkins Financial Corp $53.55 USD -0.62
WSFS Financial Corp $27.75 USD +0.05
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Industry Analysis

HTLF

Industry Average

Valuation HTLF Industry Range
Price/Earnings 14.1x
Price/Sales 2.6x
Price/Book 1.6x
Price/Cash Flow 14.9x
TEV/Sales NM Not Meaningful
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