Heartland Financial (HTLF) Misses Q1 EPS by 9c

Heartland Financial (NASDAQ: HTLF) reported Q1 EPS of $0.76, $0.09 worse than the analyst estimate of $0.85.

Highlights

• Total assets exceed $10.0 billion for the first time in company history
• Quarterly net income available to common stockholders of $23.3 million in comparison with $18.0 million for the first quarter of the prior year
• Diluted earnings per common share of $0.76 in comparison with $0.68 for the first quarter of the prior year
• Net interest margin of 4.19%, fully tax-equivalent (non-GAAP)(1) of 4.26%
• Organic loan growth of $30.1 million and organic non-time deposit growth of $106.4 million
• Return on average common equity of 9.32% and return on average tangible common equity (non-GAAP)(2) of 13.03%
• Tangible common equity ratio (non-GAAP)(3) of 7.59%
• Completed the acquisition of Signature Bancshares, Inc. with systems integrated in April

For earnings history and earnings-related data on Heartland Financial (HTLF) click here.

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