Market Summary
USD28.65+0.18
Market Closed0.63%
HTLF Stock Price
HTLF RSI Chart
HTLF Valuation
HTLF Price/Sales (Trailing)
HTLF Profitability
HTLF Fundamentals
HTLF Revenue
HTLF Earnings
Price Action
52 Week Range
26.1051.32
(Low)(High)
Last 7 days
-1.8%
Last 30 days
-12.0%
Last 90 days
-42.0%
Trailing 12 Months
-34.1%
HTLF Financial Health
HTLF Investor Care
Peers (Alternatives to Heartland Financial USA)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
BNS | 56.4B | 40.0B | -2.14% | -24.99% | 5.3 | 1.79 | 34.99% | -10.60% |
MTB | 21.9B | 7.6B | -0.45% | -30.27% | 15.92 | 3.51 | 98.59% | -3.15% |
CFG | 13.1B | 8.2B | -10.89% | -32.08% | 6.08 | 1.59 | 70.15% | 1.69% |
| MID-CAP | ||||||||
EWBC | 7.6B | 2.7B | -3.73% | -31.47% | 6.71 | 3.26 | 63.22% | 33.92% |
SIVB | 6.3B | 5.7B | -67.21% | -80.32% | 3.9 | 1.11 | 72.48% | -22.38% |
CBSH | 5.9B | 1.1B | -12.71% | -29.09% | 12.1 | 5.41 | 28.89% | -5.45% |
PB | 5.3B | 1.1B | -6.77% | -18.97% | 10.16 | 4.87 | 4.58% | 1.01% |
BPOP | 4.3B | 2.7B | -1.00% | -26.69% | 4.07 | 1.6 | 25.66% | 18.78% |
FFIN | 3.8B | 457.4M | -8.51% | -35.38% | 16.62 | 8.4 | 19.47% | 1.97% |
WAL | 3.5B | 3.2B | -4.10% | -56.03% | 3.34 | 1.31 | 75.57% | 1.33% |
| SMALL-CAP | ||||||||
BANR | 1.8B | 483.8M | -8.60% | -22.29% | 9.28 | 4.02 | 10.67% | 4.45% |
SBCF | 1.8B | 460.3M | -4.01% | -37.85% | 18.44 | 3.92 | 57.00% | -12.16% |
LKFN | 1.3B | 270.8M | 2.29% | -28.54% | 12.62 | 4.87 | 40.09% | 8.36% |
HTLF | 1.2B | 750.4M | -12.01% | -34.06% | 5.79 | 1.82 | 28.80% | 5.55% |
Financials for Heartland Financial USA
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 11.2% | 750 | 675 | 614 | 587 | 583 |
| EBITDA | 4.9% | 890 | 849 | 835 | 845 | - |
| EBITDA Margin | -4.5% | 1.32* | 1.38* | 1.42* | 1.45* | - |
| Earnings Before Taxes | 4.8% | 281 | 268 | 253 | 252 | 262 |
| EBT Margin | -3.7% | 0.40* | 0.41* | 0.43* | 0.45* | - |
| Interest Expenses | 4.9% | 598 | 570 | 557 | 556 | - |
| Net Income | 4.6% | 222 | 212 | 201 | 200 | 210 |
| Net Income Margin | -4.0% | 0.31* | 0.33* | 0.34* | 0.36* | - |
| Free Cahsflow | -4.9% | 373 | 393 | 347 | 327 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -0.3% | 20,183 | 20,244 | 19,683 | 19,658 | 19,231 |
| Cash Equivalents | -0.3% | 362 | 363 | 400 | 385 | 605 |
| Net PPE | -1.9% | 187 | 190 | 195 | 197 | 200 |
| Goodwill | 0% | 576 | 576 | 576 | 576 | 576 |
| Liabilities | -0.8% | 18,353 | 18,509 | 18,027 | 17,884 | 17,299 |
| . Short Term Borrowings | -75.4% | 92.00 | 376 | 147 | 98.00 | 107 |
| Shareholder's Equity | 5.4% | 1,829 | 1,735 | 1,656 | 1,774 | 1,932 |
| Retained Earnings | 3.4% | 1,159 | 1,121 | 1,074 | 1,031 | 993 |
| Additional Paid-In Capital | 0.3% | 1,084 | 1,081 | 1,079 | 1,077 | 1,073 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -2.4% | 379 | 388 | 406 | 361 | 343 |
| Share Based Compensation | 24.7% | 10.00 | 8.00 | 9.00 | 9.00 | 9.00 |
| Cashflow From Investing | 10.0% | -1,632 | -1,813 | -1,471 | -2,122 | -1,281 |
| Cashflow From Financing | -25.3% | 1,011 | 1,353 | 1,138 | 1,697 | 1,076 |
| Dividend Payments | 2.4% | 56.00 | 54.00 | 54.00 | 53.00 | 51.00 |
Risks for HTLF
What is the probability of a big loss on HTLF?
58.1%
Probability that Heartland Financial USA stock will be more than 20% underwater in next one year
32.3%
Probability that Heartland Financial USA stock will be more than 30% underwater in next one year.
20.4%
Probability that Heartland Financial USA stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does HTLF drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Heartland Financial USA was unfortunately bought at previous high price.
Drawdowns
Returns for HTLF
Cumulative Returns on HTLF
2.0%
10-Year Cumulative Returns
-1.3%
7-Year Cumulative Returns
-10.6%
5-Year Cumulative Returns
-1.9%
3-Year Cumulative Returns
What are the long-term rolling returns for HTLF?
FIve years rolling returns for Heartland Financial USA.
Annualized Returns
Which funds bought or sold HTLF recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-26 | ProShare Advisors LLC | sold off | -100 | -246,480 | - | -% |
2023-05-25 | Brandywine Global Investment Management, LLC | added | 297 | 5,546,080 | 7,990,460 | 0.03% |
2023-05-22 | Whelan Financial | unchanged | - | -112,575 | 522,805 | 0.29% |
2023-05-22 | PUTNAM INVESTMENTS LLC | new | - | 1,193,570 | 1,193,570 | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 7.34 | -553,749 | 4,172,250 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 54.87 | 882,000 | 4,098,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | added | 2.29 | -4,015,000 | 21,343,000 | 0.03% |
2023-05-17 | Advisory Services Network, LLC | new | - | 62,680 | 62,680 | -% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -8.99 | -17,284,000 | 51,536,000 | 0.13% |
2023-05-16 | JANE STREET GROUP, LLC | new | - | 242,128 | 242,128 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Heartland Financial USA News
Schedule 13G FIlings of Heartland Financial USA
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | earnest partners llc | 7.3% | 3,078,796 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 7.24% | 3,071,748 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 12.0% | 5,090,999 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 12.0% | 5,090,999 | SC 13G/A | |
| Dec 16, 2022 | fuller lynn b | 1.61% | 685,083 | SC 13D/A | |
| Apr 20, 2022 | fuller lynn b | 1.63% | 685,462 | SC 13D/A | |
| Mar 08, 2022 | fuller lynn b | 1.63% | 685,462 | SC 13D | |
| Feb 10, 2022 | vanguard group inc | 6.72% | 2,840,134 | SC 13G/A | |
| Feb 08, 2022 | earnest partners llc | 6.8% | 2,864,601 | SC 13G | |
| Jan 27, 2022 | blackrock inc. | 10.7% | 4,533,341 | SC 13G/A |
HTLF Fair Value
Recent SEC filings of Heartland Financial USA
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 16, 2023 | 4 | Insider Trading | |
| May 10, 2023 | 4 | Insider Trading | |
| May 10, 2023 | 8-K | Current Report | |
| May 05, 2023 | 10-Q | Quarterly Report | |
| Apr 27, 2023 | ARS | ARS | |
| Apr 27, 2023 | DEF 14A | DEF 14A | |
| Apr 27, 2023 | DEFA14A | DEFA14A | |
| Apr 24, 2023 | 8-K | Current Report | |
| Apr 19, 2023 | 8-K | Current Report | |
| Apr 14, 2023 | PRE 14A | PRE 14A |
Latest Insider Trading transactions for HTLF
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-15 | Engel Robert B | bought | 32,830 | 20.5187 | 1,600 | - |
2023-05-09 | Lee Bruce K | bought | 137,750 | 27.55 | 5,000 | htlf president and ceo |
2023-03-21 | DETERS DEBORAH K | sold (taxes) | -7,948 | 38.4 | -207 | evp, chief hr officer |
2023-03-21 | Prince David | sold (taxes) | -18,816 | 38.4 | -490 | - |
2023-03-21 | Kim Jai | sold (taxes) | -8,025 | 38.4 | -209 | evp & general counsel, cao |
2023-03-21 | Kim Jai | acquired | - | - | 678 | evp & general counsel, cao |
2023-03-21 | Lee Bruce K | sold (taxes) | -113,549 | 38.4 | -2,957 | htlf president and ceo |
2023-03-21 | Frank Mark E | acquired | - | - | 493 | evp, chief operating officer |
2023-03-21 | Karrels Kevin C | sold (taxes) | -5,644 | 38.4 | -147 | evp, head of consumer |
2023-03-21 | Frank Mark E | sold (taxes) | -5,491 | 38.4 | -143 | evp, chief operating officer |
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.
HTLF Income Statement
2023-03-31CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| INTEREST INCOME: | ||
| Interest and fees on loans | $ 153,843 | $ 102,369 |
| Interest on securities: | ||
| Taxable | 55,976 | 32,620 |
| Nontaxable | 6,028 | 6,202 |
| Interest on interest bearing deposits in other financial institutions | 1,131 | 71 |
| TOTAL INTEREST INCOME | 216,978 | 141,262 |
| INTEREST EXPENSE: | ||
| Interest on deposits | 56,898 | 2,977 |
| Interest on short-term borrowings | 2,422 | 46 |
| Interest on other borrowings (includes $591 and $0 of interest expense related to derivatives reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022, respectively) | 5,446 | 3,560 |
| TOTAL INTEREST EXPENSE | 64,766 | 6,583 |
| NET INTEREST INCOME | 152,212 | 134,679 |
| Provision for credit losses | 3,074 | 3,245 |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 149,138 | 131,434 |
| NONINTEREST INCOME: | ||
| Loan servicing income | 714 | 286 |
| Securities (losses) gains, net (includes $(1,104) and $1,991 of net security (losses) gains reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022, respectively) | (1,104) | 2,872 |
| Unrealized gain (loss) on equity securities, net | 193 | (283) |
| Net gains on sale of loans held for sale | 1,831 | 3,411 |
| Valuation adjustment on servicing rights | 0 | 1,658 |
| Income on bank owned life insurance | 964 | 524 |
| Other noninterest income | 1,463 | 863 |
| TOTAL NONINTEREST INCOME | 29,999 | 34,569 |
| NONINTEREST EXPENSES: | ||
| Salaries and employee benefits | 62,149 | 66,174 |
| Occupancy | 7,209 | 7,362 |
| Furniture and equipment | 2,915 | 3,519 |
| Professional fees | 16,076 | 15,156 |
| Advertising | 1,985 | 1,555 |
| Core deposit and customer relationship intangibles amortization | 1,788 | 2,054 |
| Other real estate and loan collection expenses | 155 | 195 |
| Loss on sales/valuations of assets, net | 1,115 | 46 |
| Acquisition, integration and restructuring costs | 1,673 | 576 |
| Partnership investment in tax credit projects | 538 | 77 |
| Other noninterest expenses | 15,440 | 14,083 |
| TOTAL NONINTEREST EXPENSES | 111,043 | 110,797 |
| INCOME BEFORE INCOME TAXES | 68,094 | 55,206 |
| Income taxes (includes $426 and $503 of income tax benefit reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022, respectively) | 15,318 | 12,117 |
| NET INCOME | 52,776 | 43,089 |
| Preferred dividends | (2,013) | (2,013) |
| NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ 50,763 | $ 41,076 |
| EARNINGS PER COMMON SHARE - BASIC (in dollars per share) | $ 1.19 | $ 0.97 |
| EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) | 1.19 | 0.97 |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) | $ 0.30 | $ 0.27 |
| Service charges and fees | ||
| NONINTEREST INCOME: | ||
| Revenue from contract with customers | $ 17,136 | $ 15,251 |
| Trust fees | ||
| NONINTEREST INCOME: | ||
| Revenue from contract with customers | 5,657 | 6,079 |
| Brokerage and insurance commissions | ||
| NONINTEREST INCOME: | ||
| Revenue from contract with customers | 696 | 869 |
| Capital markets fees | ||
| NONINTEREST INCOME: | ||
| Revenue from contract with customers | $ 2,449 | $ 3,039 |
HTLF Balance Sheet
2023-03-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $ 274,354 | $ 309,045 |
| Interest bearing deposits with other banks and other short-term investments | 87,757 | 54,042 |
| Cash and cash equivalents | 362,111 | 363,087 |
| Time deposits in other financial institutions | 1,740 | 1,740 |
| Securities: | ||
| Carried at fair value (cost of $6,670,971 at March 31, 2023, and $6,788,729 at December 31, 2022) | 6,096,657 | 6,147,144 |
| Held to maturity, net of allowance for credit losses of $0 at both March 31, 2023, and December 31, 2022 (fair value of $815,672 at March 31, 2023, and $776,557 at December 31, 2022) | 832,098 | 829,403 |
| Other investments, at cost | 72,364 | 74,567 |
| Loans held for sale | 10,425 | 5,277 |
| Loans receivable: | ||
| Held to maturity | 11,495,353 | 11,428,352 |
| Allowance for credit losses | (112,707) | (109,483) |
| Loans receivable, net | 11,382,646 | 11,318,869 |
| Premises, furniture and equipment, net | 186,868 | 190,479 |
| Premises, furniture and equipment held for sale | 4,399 | 6,851 |
| Other real estate, net | 7,438 | 8,401 |
| Goodwill | 576,005 | 576,005 |
| Core deposit intangibles and customer relationship intangibles, net | 23,366 | 25,154 |
| Servicing rights, net | 0 | 7,840 |
| Cash surrender value on life insurance | 194,419 | 193,403 |
| Other assets | 432,008 | 496,008 |
| TOTAL ASSETS | 20,182,544 | 20,244,228 |
| Deposits: | ||
| Demand | 5,119,554 | 5,701,340 |
| Savings | 9,256,609 | 9,994,391 |
| Time | 3,305,183 | 1,817,278 |
| Total deposits | 17,681,346 | 17,513,009 |
| Short-term borrowings | 92,337 | 376,117 |
| Other borrowings | 372,097 | 371,753 |
| Accrued expenses and other liabilities | 207,359 | 248,294 |
| TOTAL LIABILITIES | 18,353,139 | 18,509,173 |
| STOCKHOLDERS' EQUITY: | ||
| Common stock (par value $1 per share; 60,000,000 shares authorized at both March 31, 2023, and December 31, 2022; issued 42,558,726 shares at March 31, 2023, and 42,467,394 shares at December 31, 2022) | 42,559 | 42,467 |
| Capital surplus | 1,084,112 | 1,080,964 |
| Retained earnings | 1,158,948 | 1,120,925 |
| Accumulated other comprehensive loss | (566,919) | (620,006) |
| TOTAL STOCKHOLDERS' EQUITY | 1,829,405 | 1,735,055 |
| TOTAL LIABILITIES AND EQUITY | 20,182,544 | 20,244,228 |
| Preferred Stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | 0 | 0 |
| Series A Junior Participating preferred stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | 0 | 0 |
| Series B Fixed Rate Cumulative Perpetual Preferred Stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | 0 | 0 |
| Series C Senior Non-Cumulative Perpetual Preferred Stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | 0 | 0 |
| Series D Senior Non-Cumulative Perpetual Convertible Preferred Stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | 0 | 0 |
| Series E Fixed-Rate Reset Cumulative Perpetual Preferred Stock | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock | $ 110,705 | $ 110,705 |