HEARTLAND FINANCIAL USA INC Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of income

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
INTEREST INCOME:
Interest and fees on loans
Interest on securities:
Taxable
Nontaxable
Interest on federal funds sold
Interest on interest bearing deposits in other financial institutions
TOTAL INTEREST INCOME
INTEREST EXPENSE:
Interest on deposits
Interest on borrowings
Interest on term debt (includes $575, $246, and $(1,601) of interest (income) expense related to derivatives reclassified from accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022, and 2021, respectively)
TOTAL INTEREST EXPENSE
NET INTEREST INCOME
Provision (benefit) for credit losses
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
NONINTEREST INCOME:
Revenue from contract with customers
Service charges and fees
Trust fees
Brokerage and insurance commissions
Total revenue from contract with customers
Loan servicing income
Capital markets fees
Securities (losses) gains, net (includes $(141,377), $(1,892), and $5,910 of net security gains (losses) reclassified from accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022, and 2021, respectively)
Unrealized (loss) gain on equity securities, net
Net gains on sale of loans held for sale
Valuation adjustment on servicing rights
Income on bank owned life insurance
Other noninterest income
TOTAL NONINTEREST INCOME (LOSS)
NONINTEREST EXPENSES:
Salaries and employee benefits
Occupancy
Furniture and equipment
Professional fees
FDIC insurance assessments
Advertising
Core deposit intangibles and customer relationship intangibles amortization
Other real estate and loan collection expenses
(Gain) loss on sales/valuations of assets, net
Acquisition, integration and restructuring costs
Partnership investment in tax credit projects
Other noninterest expenses
TOTAL NONINTEREST EXPENSES
INCOME BEFORE INCOME TAXES
Income taxes (includes $(43,560), $(355), and $1,896 of income tax expense (benefit) reclassified from accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022, and 2021, respectively)
NET INCOME
Preferred dividends
Interest expense on convertible preferred debt
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS
EARNINGS PER COMMON SHARE - BASIC (in dollars per share)
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)

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