Heartland Financial (HTLF) Posts Q1 EPS of $0.54
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Heartland Financial USA, Inc. Reports Quarterly Results as of March 31, 2020
April 27, 2020 4:01 PM EDTHighlights and Developments
Quarterly net income of $20.0 million or $0.54 per diluted common share in comparison with $31.5 million or $0.91 per diluted common share for the first quarter of the prior yearNet interest margin of 3.81%, fully tax-equivalent net interest margin (non-GAAP)(1) of 3.84%Return on average common equity of 4.98% and return on average tangible common equity (non-GAAP)(1) of 8.00%Efficiency ratio (non-GAAP)(1) for the first quarter of 2020 of 61.82% compared to 64.93% for the first quarter of 2019Tangible common equity ratio (non-GAAP)(1) of 8.29% compared to 8.60% at March 31, 2019Total commercial loan growth of $76.5 million and... More