Heartland Financial (HTLF) Tops Q1 EPS by 10c

Heartland Financial (NASDAQ: HTLF) reported Q1 EPS of $1.20, $0.10 better than the analyst estimate of $1.10.

Highlights and Developments

• Record net income available to common stockholders of $50.8 million compared to $20.0 million for the first quarter of 2020, an increase of $30.8 million or 153%
• Diluted earnings per common share of $1.20 compared to $0.54 for the first quarter of the prior year, an increase of $0.66 or 122%
• Annualized net charge off ratio of 0.06%, nonperforming assets to total assets of 0.54%, and 30-89 day loan delinquencies of 0.16%
• Net interest income of $139.6 million compared to $112.5 million for the first quarter of 2020, an increase of $27.1 million or 24%
• Efficiency ratio (non-GAAP)1 of 56.61% compared to 61.82% for the first quarter of 2020
• Completed the AimBank systems conversion on February 19, 2021

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

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• The LGL Group (LGL) Misses Q2 EPS by 8c
• Yalla Group Limited (YALA) Reports Q2 EPS of $0.24