HTLF Stock - Heartland Financial USA, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $553.28M | $727.55M | $688.91M | $606.92M | $569.36M |
| Gross Profit | $553.28M | $727.55M | $688.91M | $606.92M | $569.36M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income | $135.30M | $344.17M | $275.26M | $173.99M | $184.12M |
| Net Income | $79.92M | $212.18M | $219.92M | $137.94M | $149.13M |
| Net Margin | 14.4% | 29.2% | 31.9% | 22.7% | 26.2% |
| EPS | $1.51 | $4.80 | $5.01 | $3.58 | $4.14 |
Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle and home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use. In addition, it provides online banking, mobile banking, telephone banking, bill payment, automated clearing house, wire transfer, zero balance account, transaction reporting, lock box, remote deposit capture, accounts receivable, investment sweep account, reconciliation, treasury management, wealth management, trust, foreign exchange, and various fraud prevention services, such as check and electronic positive pay, as well as commercial purchasing and merchant credit cards, debit cards, and automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, and brokerage services, as well as vehicle, property and casualty, and life and disability insurance products. Additionally, it is involved in the community development, consumer finance, multi-line insurance agency, and property management businesses. The company operates through 129 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 31st 2024 | Keefe Bruyette | Upgrade | Outperform | $54 |
| February 29th 2024 | Raymond James | Upgrade | Strong Buy | $41 |
| December 13th 2022 | Keefe Bruyette | Downgrade | Market Perform | $54 |
| October 6th 2022 | DA Davidson | Downgrade | Neutral | $48← $52 |
Earnings History & Surprises
HTLFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2025 | Feb 3, 2025 | $1.06 | $1.06 | 0.0% | = MET |
Q4 2024 | Oct 29, 2024 | $1.17 | $1.17 | 0.0% | = MET |
Q3 2024 | Jul 30, 2024 | $1.16 | $1.15 | -0.9% | ✗ MISS |
Q2 2024 | Apr 29, 2024 | $1.11 | $1.22 | +9.9% | ✓ BEAT |
Q1 2024 | Jan 29, 2024 | $1.07 | $1.06 | -0.9% | ✗ MISS |
Q4 2023 | Oct 30, 2023 | $1.09 | $1.08 | -0.9% | ✗ MISS |
Q3 2023 | Jul 31, 2023 | $1.13 | $1.11 | -1.8% | ✗ MISS |
Q2 2023 | Apr 24, 2023 | $1.32 | $1.19 | -9.8% | ✗ MISS |
Q1 2023 | Jan 30, 2023 | $1.34 | $1.37 | +2.2% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $1.26 | $1.28 | +1.6% | ✓ BEAT |
Q3 2022 | Jul 25, 2022 | $1.05 | $1.17 | +11.4% | ✓ BEAT |
Q2 2022 | Apr 25, 2022 | $1.04 | $1.12 | +7.7% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $1.22 | $1.12 | -8.2% | ✗ MISS |
Q4 2021 | Oct 25, 2021 | $1.23 | $1.27 | +3.3% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $1.26 | $1.41 | +11.9% | ✓ BEAT |
Q2 2021 | Apr 26, 2021 | $1.10 | $1.20 | +9.1% | ✓ BEAT |
Q1 2021 | Jan 25, 2021 | $1.02 | $0.98 | -3.9% | ✗ MISS |
Q4 2020 | Oct 26, 2020 | $0.91 | $1.23 | +35.2% | ✓ BEAT |
Q3 2020 | Jul 27, 2020 | $0.45 | $0.82 | +82.2% | ✓ BEAT |
Q2 2020 | Apr 27, 2020 | $0.76 | $1.03 | +35.5% | ✓ BEAT |
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