Heartland Financial USA Inc (OQ:HTLF)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1800 Larimer Street, Suite 1800 DENVER CO 80202 |
| Tel: | 1-563-5874164 |
| Website: | https://www.htlf.com |
| IR: | See website |
| Key People | ||
| Bruce K. Lee President, Chief Executive Officer, Director | David A. Prince Executive Vice President - Commercial Banking | Janet M. Quick Executive Vice President, Deputy Chief Financial Officer, Principal Accounting Officer |
| Kevin T. Thompson Chief Financial Officer, Executive Vice President | Mark E. Frank Chief Operating Officer, Executive Vice President | Deborah K. Deters Chief Human Resource Officer, Executive Vice President |
| Jay L. Kim Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary | Kevin C. Karrels Executive Vice President, Chief Marketing Officer, Head of Consumer Banking | Tamina L. O'Neill Executive Vice President, Chief Risk Officer | Nathan R. Jones Executive Vice President, Chief Credit Officer |
| Business Overview |
| Heartland Financial USA, Inc. is a bank holding company. The Company conducts its banking business through multiple independently branded divisions in the states of Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas, and Wisconsin. The principal business of its Banks consists of making loans to and accepting deposits. Its Banks provide a range of commercial, small business and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. It provides multiple service delivery channels, including online banking, mobile/remote banking, and telephone banking. Its Banks provide a suite of banking products and services comprised of deposit and credit offerings, with treasury management, wealth management and retirement plan services. Its primary lines of business include commercial banking, small business banking, agricultural banking, residential real estate mortgage lending, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Heartland Financial USA Inc interest income increased 16% to $251.7M. Net interest income after loan loss provision increased 3% to $153.2M. Net income applicable to common stockholders decreased 2% to $49.7M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 27% to $195.7M, Interest on interest bearing deposits in increase from $1.1M to $3M. |
| Employees: | 1,888 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,819M as of Mar 31, 2024 |
| Annual revenue (TTM): | $988.54M as of Mar 31, 2024 |
| EBITDA (TTM): | $162.91M as of Mar 31, 2024 |
| Net annual income (TTM): | $70.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | $269.55M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $814.51M as of Mar 31, 2024 |
| Shares outstanding: | 42,790,564 as of Apr 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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