Heartland Financial (HTLF) Misses Q1 EPS by 6c

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Heartland Financial USA, Inc. Reports Improved Year Over Year Results for First Quarter 2019 and Announces Sale of Mortgage Servicing Rights

April 29, 2019 4:00 PM EDT

Highlights

Quarterly net income available to common stockholders of $31.5 million in comparison with $23.3 million for the first quarter of the prior year, an increase of $8.2 million or 35%Diluted earnings per common share of $0.91 in comparison with $0.76 for the first quarter of the prior year, an increase of $0.15 or 20%Net interest margin of 4.12%, fully tax-equivalent (non-GAAP)(1) of 4.18%Return on average common equity of 9.56% and return on average tangible common equity (non-GAAP)(1) of... More