Annual Report

Forward Together

See our Growth in 2022

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.

2022 Financial Highlights

Total Assets $0B +$970M or 5% from a year ago
Total Revenue $0M 5% growth vs. 2021
Loan Growth $0B +15% vs. 2021

EPS - Diluted
Net income available to common shareholders $0M

$0 per share of common stock in 2022 (13.5% growth over 2021) Increased common stock dividend to a record $.28 per share

As of and for the year ended December 31, 2022. *Refer to the earnings release for a reconciliation of this non-GAAP measure.

To Our Shareholders
and Friends

In 2022, HTLF moved forward together.

Picture of Bruce K. Lee, President and CEO at HTLF
We are executing our strategies, delivering results and exceeding expectations.

Bruce K. Lee President and CEO

Picture of John K. Schmidt, Executive Operating Chairman at HTLF
HTLF had an outstanding year, advancing strategic initiatives, delivering excellent results, and serving customers, communities and shareholders.

John K. Schmidt Chairman


We celebrate together.

Awards, recognition and strong performance result from the hard work and dedication of our employees.

Arizona Bank & Trust

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

Wisconsin Bank & Trust was voted Best Bank in Sheboygan County by readers of the Sheboygan Press.

First Bank & Trust

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

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

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

Illinois Bank & Trust won Best Bank for the 5th consecutive year and Best Customer Service (1st time) by the Rockford Register Star.


John K. Schmidt

HTLF Chairman of the Board received the 2022 First Citizen of Dubuque award.

$1B in Purchase Volume

HTLF surpassed $1 billion in purchase volume as a commercial credit card issuer.

Excellent Credit Quality

Delinquency ratio at historic low of 4 basis points.

Americas Best Banks - Forbes 2023

Forbes America’s Best Banks 2023

Named for the seventh consecutive year.

Greenwich CX Leader 2022

Greenwich Award

Six of our bank brands named 2022 Customer Experience Leaders in the Commercial Small Business Banking or Commercial Middle Market Banking categories.

Greenwich CX Leader 2022

Nilson Report

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.


Forward focus.

HTLF had tremendous success and significant growth in 2022. Our strategic focus is based on our disciplined approach in five key areas.

Together, we make a Difference.

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.

Diversity, Equity, Inclusion - HTLF

Diversity, Equity & Inclusion Annual Report.

Download the DEI 2022 Report
We provide insight for customer success

Stories from some
of our successful clients.

ER2 Arizona Bank & Trust

Driving Forces.

H&C Animal Hospital
H&C Animal Health Citywide banks

Find Yes!

Tucket Freight Lines
Tucker Freight Lines Dubuque Bank & Trust

Delivering Growth by the Truckload.

Trust Automation
Trust Automation Premier Valley Bank

Partnership Built on Trust.

Wawona HTLF Food & AgriBusiness

Fruitful Growth.

Double Nickel
Double Nickel First Bank & Trust Texas

Order Up!


We lead together.

HTLF Board of Directors
HTLF Leadership Team

Our 2023 Board of Directors and Executive Leadership Team.

Strength. Insight. Growth.

Download the HTLF Annual Report

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© 2024 Heartland Financial USA, Inc. Equal Opportunity Employer