HTLF Earnings Prediction
The chart below shows how HTLF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HTLF sees a -3.89% change in stock price 10 days leading up to the earnings, and a -1.74% change 10 days following the report. On the earnings day itself, the stock moves by +2.08%. This data can give you a slight idea of what to expect for the next quarter's release.
HTLF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
33.29M
-82.89%
-80.41%
Gross Margin
--
--
--
Operating Margin
-272.56%
-764.78%
-817.26%
Net Margin
-211.34%
-778.02%
-847.05%
EPS
-1.69
-223.36%
-256.48%
No Data Available
HTLF Earnings Analysis
Heartland Financial USA, Inc. Corporation (HTLF.O) Earnings Conference Call
Positive
HTLF saw a significant increase in tangible book value per common share, ending the year at $28.77, a 19% increase from the previous year.
2023 was a year of significant progress and successful execution of strategic plans, including completing charter consolidation and introducing HTLF 3.0.
The Board approved a quarterly cash dividend of $0.30 per share on the common stock, reflecting strength, stability, and confidence in the company's performance.
HTLF repositioned its balance sheet by selling investment securities, resulting in improved net interest margin, balance sheet efficiency, and strengthened capital position.
In the fourth quarter, HTLF sold investment securities with proceeds totaling $865 million, using the funds to repay high-cost wholesale deposits and short-term borrowings.
Net interest income increased by $10 million, or 7%, from the previous quarter following the balance sheet repositioning.
HTLF maintained strong momentum in commercial loans and saw growth in customer deposits.
Commercial and ag loans grew $224 million, or 2%, from the linked quarter in the fourth quarter and $719 million, or 7%, for the year.
Customer deposits increased by $59 million from the linked quarter, marking a second consecutive quarter of growth.
HTLF demonstrated solid credit performance with low delinquency ratios and net charge-offs.
Delinquency ratio decreased to 9 basis points of total loans, the lowest ratio in 2023, and net charge-offs remained low at $392,000 or 1 basis point of total average loans.
The disciplined approach to credit management and ongoing portfolio surveillance contributed to strong credit performance.
HTLF achieved revenue growth that exceeded expectations, driven by expanding net interest margin.
Net revenues increased by 6%, or $10 million, after adjusting for securities losses, with net interest margin rising to 3.52%.
Loan yields increased, interest-bearing liabilities remained low, and the total cost of deposits decreased, contributing to revenue growth.
Negative
- HTLF reported a $72.4 million loss for the quarter to common stockholders, resulting in an EPS of negative $1.69.
- The company had a pre-tax loss of $140 million related to the sale of investment securities in the quarter, impacting profitability.
- Consumer loan portfolio decreased by $12 million and residential mortgage loans decreased by $16 million from the linked quarter.
- Wholesale deposits decreased by $958 million, affecting total deposits for the quarter.
- Nonperforming assets increased to 57 basis points primarily due to cash flow challenges faced by a Midwest manufacturing customer, impacting credit quality.
