We see Growth.See our growth in 2021
HTLF’s geographically diverse group of banks are located across the Midwest, Southwest and West regions of the United States.
HTLF has banking locations serving communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin.
Our unique model powers our 11 banks with technology, efficiency and financial strength. Decision making is local and focused on customers and relationships.
HTLF is committed to its core commercial business, supported by a strong retail operation and provides a diversified line of financial services including residential mortgage, wealth management, investment services, and insurance.
HTLF’s common stock is traded through the NASDAQ Global Select Market System under the symbol “HTLF.”
Depository 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, 2021. *Refer to the earnings release for a reconciliation of this non-GAAP measure.
For the years ended December 31, 2021, 2020 and 2019 Dollars in thousands, except per share data.
FOR THE YEAR
|Net income available to common stockholders||211,873||58.72||133,487||149,129|
|Cash dividends, common||40,509||37.47||29,468||24,607|
PER SHARE DATA
|Earnings per common share - diluted||$5.00||40.06%||$3.57||$4.14|
|Cash dividends, common||0.96||20.00||0.80||0.68|
|Book value at December 31||49.00||4.77||46.77||43.00|
AT YEAR END
|Total loans receivable||9,954,572||-0.68||10,023,051||8,367,917|
|Total common stockholders’ equity||2,071,473||5.23||1,968,526||1,578,137|
|Return on average total assets||1.19%||27.96%||0.93%||1.24%|
|Return on average stockholders’ equity||10.49||30.15||8.06||10.12|
|Return on average tangible common equity (non-GAAP)1||15.59||26.95||12.28||15.73|
|Net interest margin (GAAP)||3.29||-9.86||3.65||4.00|
|Net interest margin, fully tax-equivalent (non-GAAP)2||3.33||-9.76||3.69||4.04|
|Average common stockholders’ equity to average total assets||10.92||-2.59||11.21||12.26|
|Total capital to risk-adjusted assets||15.90||8.09||14.71||13.75|
|Tier 1 capital ratio||12.39||4.56||11.85||12.31|
|Common equity Tier 1 ratio||11.53||5.59||10.92||10.88|
|Tier 1 leverage ratio||8.57||-4.99||9.02||10.10|
1 Refer to the “Reconciliation of Return on Average Tangible Common Equity (non-GAAP)” table on page 54 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 54 of the annual report on Form 10-K.
HTLF refreshed our brand in 2021 to better reflect our continued Growth and the company we are today.
Financial Strength is what we bring to our customers and our communities, and what our unique business model and diverse footprint brings to our shareholders.
The Strength of HTLF’s dedicated local talent, corporate leadership and geographically diverse banks positions us well for future Growth.
At HTLF, we see Growth.
In 2021, HTLF strategically added and developed talent to accelerate our growth.
We continue to execute on our multi-year talent development, acquisition, and succession strategies. HTLF focused our investments in customer experience and growth initiatives. We’re building best-in-class Commercial Banking teams.
Since the beginning of 2021, we have attracted four new commercial banking leaders and added more than 30 experienced bankers across our footprint. We have a strong company culture focused on growth, personal development, and service to our customers and communities.
This culture is supporting considerable momentum in talent acquisition across our organization.
Growth powers our ability to be nimble, seek opportunities and exceed our customers’ expectations.
In 2021, we extended our reach in several high growth markets in the Midwest, opening offices in Cedar Rapids, Des Moines, St. Paul and two locations in the western suburbs of Chicago. These markets represent three different HTLF brands — Dubuque Bank and Trust, Minnesota Bank & Trust and Illinois Bank & Trust.
Kathryn Graves Unger Director
Mark Frank Executive Vice President Head of Operations
Wendy Reynolds Senior Vice President Chief Diversity and Inclusion Officer
Shelley Reed Executive Vice President Corporate Strategy & Development
Kevin Quinn Executive Vice President Chief Banking Officer
Brent Giles President and CEO Bank of Blue Valley
Tyson Leyendecker President and CEO Dubuque Bank and Trust
Doug Kohlbeck President and CEO Wisconsin Bank & Trust
Michael Wamsganz President and CEO Citywide Banks
Hakan Erdinc Executive Vice President Senior Managing Director HTLF Food and Agribusiness
Brian Jones Executive Vice President Senior Managing Director HTLF Specialized Industries
Our bankers deeply understand our local markets, actively listen and have strong relationships with customers. This insight helps guide our strategies and investments. It’s how we achieve our mission of enriching lives one customer, employee and community at a time.
At HTLF, we offer comprehensive Insights.
HTLF’s commitment to people, processes and technology powers our delivery of exceptional customer experiences. Our vision is to be a top-performing and admired banking organization. To help accomplish this, we are continuously investing in our multi-year strategy, Customer Compass, to improve how we operate our business to serve our customers and communities.
Customer Compass is integrated in HTLF’s culture. Each component supports and aligns with our strategic pillars, providing a cohesive framework to drive efficiency, improve agility and fulfill our mission of enriching lives one customer, employee and community at a time.
We continue to work towards our mission of enriching lives, one customer, employee and community at a time.
“We all come from diverse backgrounds and experiences that help shape our company values. Our values are rooted in the belief that respect, equity and inclusiveness make us stronger together. The variety of experiences and lifestyles we bring to work every day provides insights that help us better understand each other and our customers.”Download the DEI 2021 Report
Strength. Insight. Growth.
Download the HTLF 2021 Annual ReportDownload PDF
© 2023 Heartland Financial USA, Inc. Equal Opportunity Employer