Heartland Financial Usa Inc - Understand $htlf stock

$HTLF Market Cap: $2.962 Billion

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Financial Snapshot

Revenue

$761.1M

TTM

Gross Margin

Net Earnings

$79.20M

TTM

Current Assets

Current Liabilities

$805.4M

Q3 2024

Current Ratio

Total Assets

$18.27B

Q3 2024

Total Liabilities

$16.13B

Q3 2024

Book Value

$2.140B

Q3 2024

Cash

$588.4M

Q3 2024

P/E

37.39

Nov 29, 2024 EST

Free Cash Flow

$194.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	$97.53M	$93.59M	$588.8M	$536.6M	$514.3M	$465.8M	$363.7M	$326.5M	$266.0M	$237.0M	$199.5M	$189.3M	$191.7M	$198.9M	$203.3M
YoY Change	4.22%	-84.1%	9.72%	4.33%	10.41%	28.09%	11.39%	22.75%	12.2%	18.81%	5.37%	-1.25%	-3.62%	-2.15%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$97.53M	$93.59M	$588.8M	$536.6M	$514.3M	$465.8M	$363.7M	$326.5M	$266.0M	$237.0M	$199.5M	$189.3M	$191.7M	$198.9M	$203.3M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.39M	$24.48M	$26.89M	$27.29M	$30.80M	$30.79M	$30.14M	$30.76M	$24.05M	$17.75M	$17.24M	$14.14M	$11.18M	$8.366M	$9.036M	$9.200M	$8.900M	$8.200M	$7.300M	$5.900M	$15.50M	$15.20M	$16.60M	$16.20M	$14.30M	$7.900M	$2.600M	$1.300M	$1.200M
YoY Change	-16.72%	-8.98%	-1.45%	-11.39%	0.02%	2.15%	-1.99%	27.91%	35.46%	2.96%	21.91%	26.44%	33.68%	-7.41%	-1.78%	3.37%	8.54%	12.33%	23.73%	-61.94%	1.97%	-8.43%	2.47%	13.29%	81.01%	203.85%	100.0%	8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$352.6M	$76.42M	$28.20M	$44.88M	$80.60M	$51.87M	$33.35M	$31.81M	$31.97M	$33.97M	$35.68M	$39.18M	$46.34M	$55.88M	$70.53M
YoY Change	361.34%	170.99%	-37.17%	-44.31%	55.4%	55.52%	4.83%	-0.49%	-5.88%	-4.8%	-8.93%	-15.45%	-17.07%	-20.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Pretax Income	$96.78M	$267.8M	$275.3M	$174.0M	$184.1M	$145.2M	$119.1M	$116.9M	$80.94M	$55.00M	$47.19M	$67.24M	$38.31M	$33.63M	$13.57M	$14.30M	$33.40M	$35.90M	$31.20M	$27.60M	$25.90M	$24.10M	$16.70M	$13.80M	$11.40M	$12.80M	$11.90M	$10.70M	$10.50M
YoY Change	-63.86%	-2.73%	58.2%	-5.5%	26.79%	21.93%	1.87%	44.43%	47.17%	16.55%	-29.82%	75.5%	13.9%	147.86%	-5.1%	-57.19%	-6.96%	15.06%	13.04%	6.56%	7.47%	44.31%	21.01%	21.05%	-10.94%	7.56%	11.21%	1.9%
Income Tax	$16.86M	$55.57M	$55.34M	$36.05M	$34.99M	$28.22M	$43.82M	$36.56M	$20.90M	$13.10M	$10.34M	$17.38M	$10.30M	$9.846M	$7.196M	$3.300M	$9.400M	$11.60M	$9.600M	$7.700M	$8.100M	$7.500M	$5.500M	$4.200M	$3.200M	$3.800M	$3.300M	$2.700M	$2.900M
% Of Pretax Income	17.42%	20.76%	20.1%	20.72%	19.0%	19.43%	36.8%	31.27%	25.82%	23.81%	21.9%	25.86%	26.89%	29.27%	53.03%	23.08%	28.14%	32.31%	30.77%	27.9%	31.27%	31.12%	32.93%	30.43%	28.07%	29.69%	27.73%	25.23%	27.62%
Net Earnings	$71.87M	$212.2M	$219.9M	$137.9M	$149.1M	$117.0M	$75.27M	$80.35M	$60.04M	$41.90M	$36.79M	$49.79M	$28.04M	$23.90M	$6.374M	$11.30M	$25.60M	$25.10M	$22.70M	$20.30M	$17.70M	$18.90M	$11.40M	$9.600M	$8.200M	$9.000M	$8.500M	$8.000M	$7.600M
YoY Change	-66.13%	-3.52%	59.44%	-7.5%	27.46%	55.43%	-6.32%	33.82%	43.3%	13.89%	-26.11%	77.55%	17.32%	275.01%	-43.59%	-55.86%	1.99%	10.57%	11.82%	14.69%	-6.35%	65.79%	18.75%	17.07%	-8.89%	5.88%	6.25%	5.26%
Net Earnings / Revenue	73.69%	226.72%	37.35%	25.71%	28.99%	25.12%	20.7%	24.61%	22.57%	17.68%	18.44%	26.3%	14.63%	12.02%	3.14%
Basic Earnings Per Share	$1.68	$4.80	$5.01	$3.58	$4.14	$3.54	$2.67	$3.26	$2.87	$2.23	$2.08	$2.81	$1.24	$1.13	$0.07
Diluted Earnings Per Share	$1.68	$4.79	$5.00	$3.57	$4.14	$3.52	$2.65	$3.22	$2.83	$2.19	$2.04	$2.77	$1.23	$1.13	$0.07	$689.0K	$1.542M	$1.503M	$1.359M	$1.261M	$1.157M	$1.277M	$780.8K	$657.5K	$561.6K	$625.0K	$590.3K	$559.4K	$527.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$181.1M	$219.9M	$228.0M	$241.0M	$221.0M	$187.0M	$172.0M	$164.0M	$146.0M	$131.0M	$136.0M	$128.0M	$110.0M	$121.0M	$119.0M	$121.0M	$120.0M	$109.0M	$93.00M	$79.00M	$50.00M	$36.00M	$31.00M	$30.00M	$27.00M	$20.00M	$17.00M	$17.00M	$13.00M
YoY Change	-17.66%	-3.55%	-5.39%	9.05%	18.18%	8.72%	4.88%	12.33%	11.45%	-3.68%	6.25%	16.36%	-9.09%	1.68%	-1.65%	0.83%	10.09%	17.2%	17.72%	58.0%	38.89%	16.13%	3.33%	11.11%	35.0%	17.65%	0.0%	30.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$4.069M	$6.851M	$11.00M	$6.000M	$3.000M	$7.000M	$2.000M	$0.00	$4.000M
YoY Change	-40.61%	-37.72%	83.33%	100.0%	-57.14%	250.0%		-100.0%
Total Long-Term Assets
YoY Change
Total Assets	$19.41B	$20.24B	$19.28B	$17.91B	$13.21B	$11.41B	$9.811B	$8.247B	$7.695B	$6.052B	$5.924B	$4.991B	$4.305B	$3.999B	$4.013B	$3.630B	$3.264B	$3.058B	$2.818B	$2.629B	$2.018B	$1.786B	$1.644B	$1.466B	$1.184B	$954.0M	$852.0M	$737.0M	$677.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$282.2M	$248.3M	$171.0M	$224.0M	$107.0M	$78.00M	$63.00M	$64.00M	$69.00M	$62.00M	$59.00M	$127.0M	$99.00M	$35.00M	$34.00M	$33.00M	$39.00M	$37.00M	$36.00M	$42.00M	$34.00M	$36.00M	$27.00M	$26.00M	$19.00M	$18.00M	$11.00M	$9.000M	$10.00M
YoY Change	13.67%	45.2%	-23.66%	109.35%	37.18%	23.81%	-1.56%	-7.25%	11.29%	5.08%	-53.54%	28.28%	182.86%	2.94%	3.03%	-15.38%	5.41%	2.78%	-14.29%	23.53%	-5.56%	33.33%	3.85%	36.84%	5.56%	63.64%	22.22%	-10.0%
Deferred Revenue
YoY Change
Short-Term Debt	$622.3M	$326.1M	$132.0M	$168.0M	$101.0M	$126.0M	$315.0M	$306.0M	$298.0M	$375.0M	$364.0M	$294.0M	$511.0M	$459.0M	$409.0M	$443.0M	$520.0M	$416.0M	$320.0M	$297.0M	$244.0M	$209.0M	$208.0M	$188.0M	$168.0M	$89.00M	$59.00M	$42.00M	$17.00M
YoY Change	90.81%	147.06%	-21.43%	66.34%	-19.84%	-60.0%	2.94%	2.68%	-20.53%	3.02%	23.81%	-42.47%	11.33%	12.22%	-7.67%	-14.81%	25.0%	30.0%	7.74%	21.72%	16.75%	0.48%	10.64%	11.9%	88.76%	50.85%	40.48%	147.06%
Long-Term Debt Due								$0.00	$15.00M		$0.00	$6.000M
YoY Change								-100.0%			-100.0%
Total Short-Term Liabilities	$904.5M	$248.3M	$171.0M	$224.0M	$107.0M	$78.00M	$63.00M	$64.00M	$84.00M	$62.00M	$59.00M	$133.0M	$99.00M	$35.00M	$34.00M	$33.00M	$39.00M	$37.00M	$36.00M	$42.00M	$34.00M	$36.00M	$27.00M	$26.00M	$19.00M	$18.00M	$11.00M	$9.000M	$10.00M
YoY Change	264.28%	45.2%	-23.66%	109.35%	37.18%	23.81%	-1.56%	-23.81%	35.48%	5.08%	-55.64%	34.34%	182.86%	2.94%	3.03%	-15.38%	5.41%	2.78%	-14.29%	23.53%	-5.56%	33.33%	3.85%	36.84%	5.56%	63.64%	22.22%	-10.0%
Long-Term Debt	$372.4M	$371.0M	$371.0M	$456.0M	$273.0M	$272.0M	$248.0M	$252.0M	$216.0M	$241.0M	$177.0M	$161.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.37%	0.0%	-18.64%	67.03%	0.37%	9.68%	-1.59%	16.67%	-10.37%	36.16%	9.94%
Other Long-Term Liabilities					$22.00M	$106.0M
YoY Change					-79.25%
Total Long-Term Liabilities	$372.4M	$371.0M	$371.0M	$456.0M	$295.0M	$378.0M	$248.0M	$252.0M	$216.0M	$241.0M	$177.0M	$161.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.37%	0.0%	-18.64%	54.58%	-21.96%	52.42%	-1.59%	16.67%	-10.37%	36.16%	9.94%
Total Liabilities	$17.48B	$18.51B	$17.09B	$15.83B	$11.63B	$10.08B	$8.819B	$7.506B	$7.032B	$5.555B	$5.484B	$4.589B	$3.955B	$3.670B	$3.701B	$3.325B	$3.034B	$2.849B	$2.631B	$2.453B	$1.877B	$1.662B	$1.537B	$1.370B	$1.098B	$870.0M	$774.0M	$666.0M	$613.0M
YoY Change	-5.57%	8.29%	7.98%	36.09%	15.35%	14.33%	17.49%	6.74%	26.59%	1.29%	19.5%	16.03%	7.77%	-0.84%	11.31%	9.59%	6.49%	8.29%	7.26%	30.69%	12.94%	8.13%	12.19%	24.77%	26.21%	12.4%	16.22%	8.65%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	42.70M shares	42.50M shares	42.26M shares	37.27M shares	35.99M shares	33.01M shares	28.17M shares	24.57M shares	20.67M shares	18.46M shares	17.20M shares	16.52M shares	16.44M shares	16.37M shares
Diluted Shares Outstanding	42.79M shares	42.63M shares	42.41M shares	37.36M shares	36.06M shares	33.21M shares	28.43M shares	24.87M shares	20.93M shares	18.74M shares	17.46M shares	16.77M shares	16.58M shares	16.46M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.9617 Billion

About HEARTLAND FINANCIAL USA INC

Heartland Financial USA, Inc. operates as a bank holding company, which provides commercial banking services. The company is headquartered in Denver, Colorado and currently employs 1,725 full-time employees. The firm conducts its banking business through multiple independently branded divisions in the states of Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas, and Wisconsin. The principal business of its Banks consists of making loans to and accepting deposits. Its Banks provide a range of commercial, small business and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. The company provides multiple service delivery channels, including online banking, mobile/remote banking, and telephone banking. Its Banks provide a suite of banking products and services comprised of deposit and credit offerings, with treasury management, wealth management and retirement plan services. Its primary lines of business include commercial banking, small business banking, agricultural banking, residential real estate mortgage lending, and others.

Industry: State Commercial Banks Peers: FB Financial Corp LAKELAND FINANCIAL CORP Northwest Bancshares, Inc. RENASANT CORP PNC FINANCIAL SERVICES GROUP, INC. Stock Yards Bancorp, Inc. SEACOAST BANKING CORP OF FLORIDA TRUSTMARK CORP WAFD INC