Heartland Financial (HTLF) Q4 EPS $0.45

Heartland Financial (NASDAQ: HTLF) reported Q4 EPS of $0.45, which may note compare to the the analyst estimate of $0.80.

• Quarterly net income available to common stockholders of $13.7 million, and annual net income available to common stockholders of $75.2 million
• Diluted earnings per common share of $0.45 for the quarter and $2.65 for the year
• Recorded a charge to income tax expense of $10.4 million related to the enactment by Congress of the Tax Cuts and Jobs Act, which resulted in a reduction of diluted earnings per common share of $0.35 for the quarter and for the year
• Net interest margin of 4.14% for the quarter, fully tax-equivalent (non-GAAP)(1) of 4.30%
• Net interest margin of 4.04% for the year, fully tax-equivalent (non-GAAP)(1) of 4.22%
• Announced agreement to acquire Signature Bancshares, Inc. of Minnetonka, MN
• Announced agreement to acquire First Bank Lubbock Bancshares, Inc. of Lubbock, TX
• Declared and paid a special dividend of $0.07 per common share

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

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