HTLF is a $20 billion bank, headquartered in Denver, serving customers across the West, Southwest and Midwest. Our unique model powers our geographically diverse group of banks with technology, efficiency and strength.
Our local bank brands serve our customers and communities through commercial, small business and consumer banking. We leverage our deep local roots and longstanding connections to expand existing relationships and create new ones.
We believe local brands, local leadership and local decision-making best serve the communities where we operate. We differentiate ourselves by offering the depth and breadth of products and services of a $20 billion bank in each of our local markets.
HTLF’s common stock is traded through the NASDAQ Global Select Market System under the symbol “HTLF.” Depositary shares representing HTLF preferred stock are also traded through the NASDAQ Global Select Market System under the symbol “HTLFP.”
Complete information is available at HTLF.com.
As of and for the year ended December 31, 2022. *Refer to the earnings release for a reconciliation of this non-GAAP measure.
For the years ended December 31, 2022, 2021 and 2020 Dollars in thousands, except per share data.
FOR THE YEAR
|Net income available to common stockholders||204,130||-3.65||211,873||133,487|
|Cash dividends, common||46,199||14.05||40,509||29,468|
PER SHARE DATA
|Earnings per common share - diluted||$4.79||-4.20%||$5.00||$3.57|
|Cash dividends, common||1.09||13.54||0.96||0.80|
|Book value at December 31||38.25||-21.94||49.00||46.77|
AT YEAR END
|Total loans receivable||11,428,352||14.81||9,954,572||10,023,051|
|Total common stockholders’ equity||1,624,350||-21.58||2,071,473||1,968,526|
|Return on average total assets||1.08%||1.19%||0.93%|
|Return on average stockholders’ equity||11.74||10.49||8.06|
|Return on average tangible common equity (non-GAAP)1||18.56||15.59||12.28|
|Net interest margin (GAAP)||3.32||3.29||3.65|
|Net interest margin, fully tax-equivalent (non-GAAP)2||3.37||3.33||3.69|
|Average common stockholders’ equity to average total assets||8.86||10.92||11.21|
|Total capital to risk-adjusted assets||14.76||15.9||14.71|
|Tier 1 capital ratio||11.81||12.39||11.85|
|Common equity Tier 1 ratio||11.07||11.53||10.92|
|Tier 1 leverage ratio||9.13||8.57||9.02|
1 Refer to the “Reconciliation of Return on Average Tangible Common Equity (non-GAAP)” table on page 46 of the annual report on Form 10-K.
2 Refer to the “Reconciliation of Annualized Net Interest Margin, Fully Tax-Equivalent (non-GAAP)” table on page 47 of the annual report on Form 10-K.
Awards, recognition and strong performance result from the hard work and dedication of our employees.
ABT was recognized as one of the “Best Places to Work” by the Phoenix Business Journal and ranked 10th in its category.
ABT also ranked #2 in the top banks in Arizona ($480M - $1.6B market deposits category) via AZBIG Media.
Bill Callahan, President and CEO, Arizona Bank & Trust was also recognized as one of the Bank Leaders of the year in the 2022 list published by AZBIG Media.
“It is a privilege to serve as President and CEO of Arizona Bank &Trust,” Callahan says. “I look forward to contributing to the success and vibrancy of the Phoenix market and leading our associates to provide the finest community banking experience.”
Wisconsin Bank & Trust was voted Best Bank in Sheboygan County by readers of the Sheboygan Press.
First Bank & Trust was named Best Bank by KCBD (NBC affiliate) in its Best of the West viewers’ poll.
“It was an honor to receive the recognition of “Best Bank” in KCBD’s 2022 Best of the West contest, said Greg Garland, President and CEO of First Bank & Trust. “The coveted title is the gold standard in “Best of” voting competitions in West Texas.”
Minnesota Bank & Trust was named a 2022 Star Tribune Top Workplace.
Minnesota Bank & Trust was also recognized as a Community Champion by the Minnesota Banker’s Association for the third year in a row.
Premier Valley Bank’s Mariposa Banking Center was named Best Bank for the 17th consecutive year in the Mariposa Gazette’s Best of the Best annual Readers’ Choice Awards.
Illinois Bank & Trust won Best Bank for the 5th consecutive year and Best Customer Service (1st time) by the Rockford Register Star.
HTLF Chairman of the Board received the 2022 First Citizen of Dubuque award.
HTLF surpassed $1 billion in purchase volume as a commercial credit card issuer.
Delinquency ratio at historic low of 4 basis points.
Named for the seventh consecutive year.
Six of our bank brands named 2022 Customer Experience Leaders in the Commercial Small Business Banking or Commercial Middle Market Banking categories.
Ranked HTLF among the top U.S. commercial credit card issuers for the seventh year in a row.
Coalition Greenwich is a division of CRISIL, an S&P Global Company, and is a leading global provider of strategic benchmarking, analytics and insights to the financial services industry.
HTLF had tremendous success and significant growth in 2022. Our strategic focus is based on our disciplined approach in five key areas.
HTLF is committed to enriching lives one customer, employee and community at a time.
We believe our continued growth and the growth of the communities we serve is guided by our values of integrity, accountability, community and excellence.
Our 2023 Board of Directors and Executive Leadership Team.
Bruce K. Lee President and CEO
Deborah K. Deters Executive Vice President Chief Human Resources Officer
Mark A. Frank Executive Vice President Chief Operations Officer
Nathan R. Jones Executive Vice President Chief Credit Officer
Kevin C. Karrels Executive Vice President Head of Consumer Banking and Chief Marketing Officer
Jay L. Kim Executive Vice President General Counsel and Chief Administrative Officer
Bryan R. McKeag Executive Vice President Chief Financial Officer
Tamina L. O’Neill Executive Vice President Chief Risk Officer
David A. Prince Executive Vice President Head of Commercial Banking
Janet M. Quick Executive Vice President Deputy Chief Financial Officer Principal Accounting Officer
Kevin G. Quinn Executive Vice President Chief Banking Officer
John K. Schmidt Chairman Senior Vice President and Chief Financial Officer A.Y. McDonald Dubuque, Iowa
Jennifer K. Hopkins Managing Partner Crescendo Capital Partners Centennial, Colorado
Bruce K. Lee President and CEO HTLF Denver, Colorado
Christopher S. Hylen Past Board Member and CEO Reltio, Inc. Redwood City, California
Robert B. Engel Managing Director and CEO BLT Advisory Services, LLC Naples, Florida
Susan G. Murphy Principal The Grace Alliance, LLC Denver, Colorado
Kathryn Graves Unger Vice President Environmental, Social and Governance Boston Scientific Corporation Marlborough, Massachusetts
Martin J. Schmitz Past Chairman Citywide Banks Greenwood Village, Colorado
Thomas L. Flynn Past President and CEO Flynn Ready-Mix Concrete Co. Dubuque, Iowa
Duane E. White Past Executive Vice President and Chief Product Officer Medecision Minneapolis, Minnesota
ARIZONA BANK & TRUST William H. Callahan President and CEO
BANK OF BLUE VALLEY Brent M. Giles President and CEO
CITYWIDE BANKS Michael A. Wamsganz President and CEO
DUBUQUE BANK AND TRUST COMPANY Andrew E. Townsend President and CEO
FIRST BANK & TRUST Greg Garland President and CEO
ILLINOIS BANK & TRUST Jeffrey S. Hultman President and CEO
MINNESOTA BANK & TRUST Stephen G. Bishop President and CEO
NEW MEXICO BANK & TRUST R. Greg Leyendecker President and CEO
PREMIER VALLEY BANK Lo B. Nestman President and CEO
ROCKY MOUNTAIN BANK Tod M. Petersen President and CEO
WISCONSIN BANK & TRUST Douglas M. Kohlbeck President and CEO
Strength. Insight. Growth.
© 2023 Heartland Financial USA, Inc. Equal Opportunity Employer