Heartland Financial USA, Inc. (HTLF) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments459361401291196159259
Cash and cash equivalents436338379274196159259
Short-term investments24232217   
Assets held-for-sale, not part of disposal group225827    
Total current assets:481419427291196159259
Noncurrent Assets
Operating lease, right-of-use asset232223
Property, plant and equipment205220198187172164146
Intangible assets, net (including goodwill)616624502470298186155
Goodwill57657644639223712898
Intangible assets, net (excluding goodwill)40485579615957
Total noncurrent assets:844866723658470350301
Other undisclosed assets17,95016,62412,06010,4609,1457,7387,135
TOTAL ASSETS:19,27517,90813,21011,4089,8118,2477,695
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt132168183227325306294
Total current liabilities:132168183227325306294
Noncurrent Liabilities
Other undisclosed liabilities16,96115,66111,4499,8568,4957,2006,738
Total liabilities:17,09215,82911,63110,0838,8197,5067,032
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1822,0791,5781,325991741663
Common stock42423734302622
Additional paid in capital1,0721,062840743504328216
Accumulated other comprehensive income (loss)(6)73(1)(32)(24)(31)(6)
Retained earnings963792703579481416349
Other undisclosed stockholders' equity attributable to parent111111  1182
Total stockholders' equity:2,1822,0791,5781,325991741663
TOTAL LIABILITIES AND EQUITY:19,27517,90813,21011,4089,8118,2477,695

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues588532534464426380327
Net investment income589537514466364326266
Financial services revenue625361
Cost of revenue (67)(17)(24)(16)(12)(13)
Provision for loan, lease, and other losses (67)(17)(24)
Financial services costs(16)(12)(13)
Gross profit:588464517440410368314
Operating expenses(117)(102)(101)(87)(240)(224)(193)
Other operating income, net
(Noninterest Income, Other Operating Income)
7895563
Operating income:478370426358176150125
Nonoperating income (expense)323(0)0(0)(1)
Investment income, nonoperating      (1)
Losses on sales of other real estate(1)(1)(1)(3)(2)(2)(2)
Bank owned life insurance income4443322
Mortgage servicing rights (msr) impairment (recovery)    0(0) 
Interest and debt expense(28)(45)(81)(52)(33)(32)(32)
Income from continuing operations before equity method investments, income taxes:45332734830614311892
Other undisclosed loss from continuing operations before income taxes(178)(153)(164)(160)(24)(1)(11)
Income from continuing operations before income taxes:27517418414511911781
Income tax expense(55)(36)(35)(28)(44)(37)(21)
Net income attributable to parent:220138149117758060
Preferred stock dividends and other adjustments(8)(4) (0)(0)(0)(1)
Other undisclosed net income available to common stockholders, basic    00 
Net income available to common stockholders, diluted:212133149117758059

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:220138149117758060
Other comprehensive income (loss)(78)7431(7)11(25)(8)
Comprehensive income, net of tax, attributable to parent:141212180110865552

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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