Heartland Financial USA, Inc. (HTLF) — Financial statements
Income statement, balance sheet, and cash flow for Heartland Financial USA, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 553↓24.0% | 728↑5.6% | 689↑13.5% | 607↑6.6% | 569 | |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Gross Profit | 553↓24.0% | 728↑5.6% | 689↑13.5% | 607↑6.6% | 569 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 271↑6.6% | 254↑6.0% | 240↑18.5% | 203↑1.1% | 201 | |
| Selling & Marketing Expenses | 8↑34.2% | 6↓14.3% | 7↑38.6% | 5↓47.8% | 10 | |
| SG&A Expenses | 280↑7.2% | 261↑5.4% | 247↑19.0% | 208↓1.3% | 211 | |
| Other Expenses | 301↑259.3% | -189↑71.4% | -661↓3.2% | -641↓7.6% | -596 | |
| Operating Expenses | 580↑708.0% | 72↑117.4% | -414↑4.5% | -433↓12.4% | -385 | |
| Total Costs & Expenses | 580↑708.0% | 72↑117.4% | -414↑4.5% | -433↓12.4% | -385 | |
| Operating Results | ||||||
| Operating Income | 135↓60.7% | 344↑25.0% | 275↑58.2% | 174↓5.5% | 184 | |
| Depreciation & Amortization | 20↓40.5% | 34↓5.9% | 36↑62.0% | 22↓6.3% | 24 | |
| EBITDA | 0.00↓100.0% | 292↓3.3% | 302↑50.1% | 201↓6.3% | 215 | |
| EBIT | -20↓107.6% | 268↓2.7% | 275↑58.2% | 174↓5.5% | 184 | |
| Interest & Other Income | ||||||
| Net Interest Income | 601↑0.5% | 598↑6.7% | 561↑14.0% | 492↑13.4% | 434 | |
| Interest Income | 954↑41.4% | 675↑14.6% | 589↑9.7% | 537↑4.3% | 514 | |
| Interest Expense | 353↑361.3% | 76↑171.0% | 28↓37.2% | 45↓44.3% | 81 | |
| Non-Operating Income | 156↑566.2% | 23↑8.8% | 21↑23.5% | 17↓11.2% | 20 | |
| Other Income / Expenses | -39↓64.9% | -23↓8.8% | -21↓23.5% | -17↑11.2% | -20 | |
| Income Before Tax | 97↓63.9% | 268↓2.7% | 275↑58.2% | 174↓5.5% | 184 | |
| Income Tax Expense | 17↓69.7% | 56↑0.4% | 55↑53.5% | 36↑3.0% | 35 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 80↓62.3% | 212↓3.5% | 220↑59.4% | 138↓7.5% | 149 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 80↓62.3% | 212↓3.5% | 220↑59.4% | 138↓7.5% | 149 | |
| Bottom-Line Net Income | 72↓64.8% | 204↓3.7% | 212↑58.7% | 133↓10.5% | 149 | |
| EPS (Basic) | 1.51↓68.5% | 4.80↓4.2% | 5.01↑39.9% | 3.58↓13.5% | 4.14 | |
| EPS (Diluted) | 1.68↓64.9% | 4.79↓4.2% | 5.00↑40.1% | 3.57↓13.8% | 4.14 | |
| Weighted Average Shares | 48↑11.9% | 42↑0.6% | 42↑13.4% | 37↑3.6% | 36 | |
| Weighted Average Diluted Shares | 43↑0.4% | 43↑0.5% | 42↑13.5% | 37↑3.6% | 36 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.