Heartland Financial (HTLF) Misses Q2 EPS by 5c

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Go back to Heartland Financial (HTLF) Misses Q2 EPS by 5c

Heartland Financial USA, Inc. Reports Second Quarter 2018 Results

July 23, 2018 4:01 PM EDT

Highlights

Quarterly net income available to common stockholders of $27.9 million in comparison with $21.9 million for the second quarter of the prior yearDiluted earnings per common share of $0.85 in comparison with $0.81 for the second quarter of the prior yearNet interest margin of 4.23%, fully tax-equivalent (non-GAAP)(1) of 4.30%Organic loan growth of $50.6 million or 3% annualized and organic demand deposit growth of $111.6 million or 14% annualizedReturn on average common equity of 9.81% and return on average tangible common equity (non-GAAP)(2) of 14.56%Tangible common equity ratio (non-GAAP)(3) of 7.46%Completed the acquisition of First Bank Lubbock Bancshares, Inc. on... More