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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36140129119615925974
Cash and cash equivalents33837927419615925974
Short-term investments232217    
Disposal group, including discontinued operation      71
Assets held-for-sale, not part of disposal group5827    
Total current assets:419427291196159259144
Noncurrent Assets
Operating lease, right-of-use asset2223
Property, plant and equipment220198187172164146131
Intangible assets, net (including goodwill)62450247029818615570
Goodwill5764463922371289836
Intangible assets, net (excluding goodwill)48557961595734
Total noncurrent assets:866723658470350301200
Other undisclosed assets16,62412,06010,4609,1457,7387,1355,708
TOTAL ASSETS:17,90813,21011,4089,8118,2477,6956,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt168183227325306294330
Total current liabilities:168183227325306294330
Noncurrent Liabilities
Other undisclosed liabilities15,66111,4499,8568,4957,2006,7385,226
Total liabilities:15,82911,63110,0838,8197,5067,0325,556
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0791,5781,325991741663496
Common stock42373430262219
Additional paid in capital1,06284074350432821696
Accumulated other comprehensive income (loss)73(1)(32)(24)(31)(6)2
Retained earnings792703579481416349299
Other undisclosed stockholders' equity attributable to parent111  118282
Total stockholders' equity:2,0791,5781,325991741663496
TOTAL LIABILITIES AND EQUITY:17,90813,21011,4089,8118,2477,6956,052

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues532534464426380327307
Net investment income537514466364326266237
Financial services revenue62536170
Cost of revenue(67)(17)(24)(16)(12)(13)(20)
Provision for loan, lease, and other losses(67)(17)(24)
Amortization of mortgage servicing rights (msrs)      (5)
Financial services costs(16)(12)(13)(15)
Gross profit:464517440410368314287
Operating expenses(102)(101)(87)(240)(224)(193)(177)
Other operating income, net
(Noninterest Income, Other Operating Income)
8955633
Operating income:370426358176150125113
Nonoperating income (expense)23(0)0(0)(1)5
Investment income, nonoperating     (1)6
Losses on sales of other real estate(1)(1)(3)(2)(2)(2)(2)
Bank owned life insurance income4433221
Mortgage servicing rights (msr) impairment (recovery)   0(0)  
Interest and debt expense(45)(81)(52)(33)(32)(32)(34)
Income from continuing operations before equity method investments, income taxes:3273483061431189284
Other undisclosed loss from continuing operations before income taxes(153)(164)(160)(24)(1)(11)(29)
Income from continuing operations before income taxes:1741841451191178155
Income tax expense(36)(35)(28)(44)(37)(21)(13)
Net income attributable to parent:13814911775806042
Preferred stock dividends and other adjustments(4) (0)(0)(0)(1)(1)
Other undisclosed net income available to common stockholders, basic   00  
Net income available to common stockholders, diluted:13314911775805941

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:13814911775806042
Other comprehensive income (loss)7431(7)11(25)(8)19
Comprehensive income, net of tax, attributable to parent:21218011086555261

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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