Heartland Financial (HTLF) Tops Q1 EPS by 10c

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HEARTLAND FINANCIAL USA, INC. ("HTLF") REPORTS RECORD QUARTERLY RESULTS AS OF MARCH 31, 2021

April 26, 2021 4:14 PM EDT

Dubuque, IA, April 26, 2021 (GLOBE NEWSWIRE) --

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... More