Heartland Financial USA, Inc. (HTLF) financial statements (2020 and earlier)

Company profile

Business Address 1398 CENTRAL AVE
DUBUQUE, IA 52001
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40129119615925974125
Cash and cash equivalents37927419615925974125
Short-term investments2217     
Disposal group, including discontinued operation     71 
Assets held-for-sale, not part of disposal group27    
Total current assets:427291196159259144125
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment198187172164146131136
Intangible assets, net (including goodwill)5024702981861557069
Goodwill446392237128983636
Intangible assets, net (excluding goodwill)55796159573433
Total noncurrent assets:723658470350301200204
Other undisclosed assets12,06010,4609,1457,7387,1355,7085,594
TOTAL ASSETS:13,21011,4089,8118,2477,6956,0525,924
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt183227325306294330409
Total current liabilities:183227325306294330409
Noncurrent Liabilities
Other undisclosed liabilities11,4499,8568,4957,2006,7385,2265,076
Total liabilities:11,63110,0838,8197,5067,0325,5565,484
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5781,325991741663496439
Common stock37343026221918
Additional paid in capital8407435043282169692
Accumulated other comprehensive income (loss)(1)(32)(24)(31)(6)2(17)
Retained earnings703579481416349299265
Other undisclosed stockholders' equity attributable to parent  11828282
Total stockholders' equity:1,5781,325991741663496439
TOTAL LIABILITIES AND EQUITY:13,21011,4089,8118,2477,6956,0525,924

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues534464426380327307 
Net investment income514466364326266237 
Financial services revenue62536170 
Cost of revenue(17)(24)(16)(12)(13)(20)(10)
Provision for loan, lease, and other losses(17)(24)
Amortization of mortgage servicing rights (msrs)     (5)7
Financial services costs(16)(12)(13)(15)(10)
Gross profit:517440410368314287(10)
Operating expenses(101)(87)(240)(224)(193)(177)(132)
Other operating income, net
(Noninterest Income, Other Operating Income)
9556333
Operating income (loss):426358176150125113(138)
Nonoperating income (expense)3(0)0(0)(1)5(6)
Investment income, nonoperating    (1)6 
Losses on sales of other real estate(1)(3)(2)(2)(2)(2)(7)
Bank owned life insurance income4332212
Mortgage servicing rights (msr) impairment (recovery)  0(0)  (0)
Interest and debt expense(81)(52)(33)(32)(32)(34)(36)
Income (loss) from continuing operations before equity method investments, income taxes:3483061431189284(180)
Other undisclosed income (loss) from continuing operations before income taxes(164)(160)(24)(1)(11)(29)227
Income from continuing operations before income taxes:184145119117815547
Income tax expense(35)(28)(44)(37)(21)(13)(10)
Net income:1491177580604237
Net loss attributable to noncontrolling interest      (0)
Net income attributable to parent:1491177580604237
Preferred stock dividends and other adjustments (0)(0)(0)(1)(1)(1)
Other undisclosed net income available to common stockholders, basic  00   
Net income available to common stockholders, diluted:1491177580594136

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1491177580604237
Other comprehensive income (loss)31(7)11(25)(8)19(34)
Comprehensive income:180110865552613
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income, net of tax, attributable to parent:180110865552613

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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