Heartland Financial USA, Inc. (HTLF) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q2
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 354476262401466660
Cash and cash equivalents 332454240379448642
Short-term investments 232322221818
Assets held-for-sale, not part of disposal group 665423273535
Total current assets: 420530285427502695
Noncurrent Assets
Operating lease, right-of-use asset 202122232521
Property, plant and equipment 199198198198196195
Intangible assets, net (including goodwill) 493495497502483487
Goodwill 446446446446427427
Intangible assets, net (excluding goodwill) 464851555660
Total noncurrent assets: 712714717723704703
Other undisclosed assets 14,48013,78112,29312,06011,36410,763
TOTAL ASSETS: 15,61315,02613,29513,21012,56912,160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 30789121183108107
Total current liabilities: 30789121183108107
Noncurrent Liabilities
Other undisclosed liabilities 13,49413,19011,61911,44910,89810,531
Total liabilities: 13,80113,27911,74111,63111,00510,639
Stockholders' equity
Stockholders' equity attributable to parent, including: 1,8121,7471,5541,5781,5641,522
Common stock 373737373737
Additional paid in capital 847844843840839837
Accumulated other comprehensive income (loss) 5533(26)(1)185
Retained earnings 761723700703671643
Other undisclosed stockholders' equity attributable to parent 111111    
Total stockholders' equity: 1,8121,7471,5541,5781,5641,522
TOTAL LIABILITIES AND EQUITY: 15,61315,02613,29513,21012,56912,160

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

12/31/2020
Q4
9/30/2020
Q2
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues 129133131132133145
Net investment income 131134131133133127
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (5)(25)(22)(5)(5)(5)
Gross profit: 124108110127128140
Operating expenses (23)(24)(24)(23)(24)(27)
Other operating income, net
(Noninterest Income, Other Operating Income)
 222332
Operating income: 1038687107107115
Nonoperating income 110111
Gains (losses) on sales of other real estate (0)(0)(0)(0)0(0)
Bank owned life insurance income 110111
Interest and debt expense (8)(10)(19)(20)(22)(20)
Income from continuing operations before equity method investments, income taxes: 957869878695
Other undisclosed loss from continuing operations before income taxes (34)(40)(43)(44)(43)(36)
Income from continuing operations before income taxes: 623826434359
Income tax expense (14)(7)(6)(5)(8)(14)
Net income attributable to parent: 483020383545
Preferred stock dividends and other adjustments (2)     
Net income available to common stockholders, diluted: 463020383545

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q2
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income: 483020383545
Other comprehensive income (loss) 2359(25)(19)1317
Comprehensive income (loss), net of tax, attributable to parent: 7189(5)194762

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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