Heartland Financial is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. The Company's segments include Community and Other banking, and Retail Mortgage banking. Its Community and Other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks. Its Retail Mortgage banking segment is engaged in the origination of residential loans and subsequent sale of those loans to investors. Heartland Financial conducts its community banking business through independently chartered community banks.

Type
Public
HQ
Dubuque, US
Founded
1981
Size (employees)
2,024 (est)+9%
Website
htlf.com
Heartland Financial was founded in 1981 and is headquartered in Dubuque, US
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Heartland Financial Office Locations

Heartland Financial has an office in Dubuque
Dubuque, US (HQ)
1398 Central Ave
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Heartland Financial Financials and Metrics

Heartland Financial Revenue

Heartland Financial's revenue was reported to be $440.08 m in FY, 2016 which is a 16.8% increase from the previous period.
USD

Revenue (Q1, 2018)

125.9 m

Gross profit (Q1, 2018)

116.3 m

Gross profit margin (Q1, 2018), %

92.4%

Net income (Q1, 2018)

23.3 m

EBIT (Q1, 2018)

87.3 m

Market capitalization (11-Jul-2018)

1.9 b

Closing share price (11-Jul-2018)

56.7

Cash (31-Mar-2018)

266.3 m

EV

1.8 b
Heartland Financial's current market capitalization is $1.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

199.5 m319.3 m376.7 m440.1 m

Revenue growth, %

60%18%17%

Cost of goods sold

35.7 m34 m32 m31.8 m33.4 m

Gross profit

163.8 m285.3 m344.7 m408.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

96.1 m92.2 m110.3 m112.4 m110.2 m106.4 m107.7 m125.9 m

Cost of goods sold

7.8 m7.5 m8 m8.2 m8 m7.5 m7.5 m9.6 m

Gross profit

88.3 m84.7 m102.3 m104.1 m102.2 m98.9 m100.2 m116.3 m

Gross profit Margin, %

92%92%93%93%93%93%93%92%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

125.3 m73.9 m258.8 m158.7 m196 m

Accounts Receivable

Inventories

Goodwill

35.6 m35.6 m97.9 m127.7 m236.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

165 m88.6 m119.7 m91.1 m133.2 m230 m202.1 m173.2 m181.8 m251.7 m266.3 m

Goodwill

30.6 m35.6 m54.2 m56.8 m127.7 m127.7 m127.7 m141.5 m141.5 m236.6 m270.3 m

Total Assets

4.9 b5.7 b6.7 b6.8 b8.3 b8.2 b8.2 b8.4 b8.2 b9.8 b10.1 b

Accounts Payable

3.9 b4.7 b5.3 b5.5 b6.9 b6.8 b6.9 b7.1 b6.9 b8.5 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

36.9 m41.9 m60 m80.3 m75.3 m

Depreciation and Amortization

17.2 m17.8 m24 m30.8 m30.1 m

Inventories

Accounts Payable

(949 k)(1.3 m)(1.4 m)(835 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

28.9 m6.9 m17.7 m29.6 m15.7 m30.9 m45.5 m20 m41 m61.2 m18 m40 m21.6 m23.3 m

Depreciation and Amortization

12.6 m4.1 m8.5 m13 m5.7 m11.2 m16.3 m7.7 m14.8 m23 m7 m14.6 m6.8 m

Accounts Payable

(843 k)(750 k)(1.2 m)(867 k)(177 k)(406 k)

Cash From Operating Activities

95.9 m11.5 m7.5 m29.1 m(18.2 m)9 m53.6 m23.3 m50.4 m95.6 m33.8 m71.9 m129.9 m59 m
USDY, 2018

EV/EBIT

20.8 x

EV/CFO

30.7 x

EV/FCF

32 x

Revenue/Employee

62.2 k

Financial Leverage

9.6 x
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Heartland Financial Operating Metrics

Heartland Financial's Assets Under Management was reported to be $2b in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$1.86 b$1.92 b$1.96 b

Locations

86 108 112

Non-accrual Loans

$25.07 m$27.02 m$26.71 m$32.58 m$39.66 m$47.75 m$57.05 m$57.80 m$64.30 m$62.87 m$65.39 m

Non-performing Loans

$25.07 m$27.03 m$26.71 m$33.76 m$39.66 m$48.39 m$57.05 m$57.90 m$64.39 m$63.74 m$66.09 m
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Heartland Financial Online and Social Media Presence

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Heartland Financial News and Updates

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Heartland Financial Company Life and Culture

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