A Sneak Peek At Heartland Financial USA, Inc. ($HTLF) 3Q20 Earnings

Heartland Financial USA, Inc. (NASDAQ:HTLF) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.

Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.89 per share.

Looking ahead, the full year income are expected at $ 3.23 per share on the revenues of $ 614.99 million.

Previous Quarter Performance

Heartland Financial USA, Inc. reported income for the second quarter of $ 1.40 per share, from the revenue of $ 154.78 million. The quarterly earnings developed 11.11 percent while revenues improved 13.93 percent compared with the same quarter last year.
Wall street analysts are predicting, HTLF to report 2Q20 income of $ 0.45 per share from revenue of $ 141.71 million. The bottom line results beat street analysts by $ 0.95 or 211.11 percent, at the same time, top line results outshined analysts by $ 13.07 million or 9.22 percent.

Stock Performance

On Friday, shares of Heartland Financial USA, Inc. has traded high as $ 35.73 and has cracked $ 34.07 on the downward trend, reaching $ 35.22 with volume of 112.30 thousand shares.

According to the previous trading day, closing price of $ 35.22, representing a 38.48 % increase from the 52 week low of $ 25.26 and a 32.54 % decrease over the 52 week high of $ 51.85.

The company has a market capital of $ 1.30 billion and is part of the Financial Services sector and Banks – Regional – US industry.

Recent Stock Dividend Announcement

On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on August 7, 2020, with payment date of August 29, 2020 and ex-dividend date on August 6, 2020.

Conference Call

Heartland Financial USA, Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.htlf.com

Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle loans, home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use.