Introducing HTLF. Our new brand reinforces the Strength, Insight and Growth we bring to our employees, customers, communities and investors. HTLF honors Heartland’s rich history and reflects the company’s geographic diversity and continued growth.
HTLF’s unique model powers its banks with technology, efficiency and strength. Decision making is local and focused on customers and relationships. This is community banking with the scale to compete at any level.
HTLF’s geographically diverse group of banks are located across the Midwest, Southwest and West regions of the United States.
HTLF has 141 banking locations serving more than 100 communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin, as of December 31, 2020.
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 and insurance.
Our unique operating model and 11 banks support our mission of enriching lives one customer, employee and community at a time. 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, 2020. *Refer to the earnings release for a reconciliation of this non-GAAP measure.
For the years ended December 31, 2020, 2019 and 2018 Dollars in thousands, except per share data.
FOR THE YEAR
|Net income available to common stockholders||133,487||-10.49||149,129||116,959|
|Cash dividends, common||29,468||19.75||24,607||19,318|
PER SHARE DATA
|Earnings per common share - diluted||$3.57||-13.77%||$4.14||$3.52|
|Cash dividends, common||0.80||17.65||0.68||0.59|
|Book value at December 31||46.77||8.77||43.00||38.44|
AT YEAR END
|Total loans receivable||10,023,051||19.78||8,367,917||7,407,697|
|Total common stockholders’ equity||1,968,526||24.74||1,578,137||1,325,175|
|Return on average total assets||0.90%||-27.42%||1.24%||1.09%|
|Return on average stockholders’ equity||8.06||-20.36||10.12||9.93|
|Return on average tangible common equity (non-GAAP)1||12.28||-21.93||15.73||15.72|
|Net interest margin (GAAP)||3.65||-8.75||4.00||4.26|
|Net interest margin, fully tax-equivalent (non-GAAP)2||3.69||-8.66||4.04||4.32|
|Average common stockholders’ equity to average total assets||11.21||-8.56||12.26||10.93|
|Total capital to risk-adjusted assets||14.71||6.98||13.75||13.72|
|Tier 1 capital ratio||11.85||-3.74||12.31||12.16|
|Common equity Tier 1 ratio||10.92||0.37||10.88||10.66|
|Tier 1 leverage ratio||9.02||-10.69||10.10||9.73|
1 Refer to the “Reconciliation of Return on Average Tangible Common Equity (non-GAAP)” table on page 41 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 42 of the annual report on Form 10-K.
WE OFFER STRENGTH.
Our unique model powers our geographically diverse group of banks with technology, efficiency, and strength. Decision making is local and focused on customers and relationships. This is community banking with the scale to compete at any level.
HTLF’s financial strength, diverse geographic footprint, strong leadership and dedicated local talent positioned us to care for our employees, provide relief for our customers and help ease hardships facing our communities.
THE POWER OF GROWTH.
We are focused on thoughful, intentional, and solid growth. Growth fuels our ability to evolve to our customers needs. It affords the opportunity to compete at any level, while providing unmatched experience. It’s how we acheive our mission of enriching lives one customer, employee and community at a time. Together as HTLF.
Our growth in 2020 was unprecedented. We closed our largest acquisition ever, the AimBank transaction in West Texas. AimBank merged with HTLF’s Lubbock-based FirstBank & Trust.
Arizona Bank & Trust completed its acquisition of Johnson Bank’s four banking centers in Arizona. Acquisitions contribute to several companywide goals.
Executive Vice President, Chief Credit Officer
Nathan brings more than 20 years of proven experience in managing large scale credit and banking operations, while developing new business processes and capabilities within global and regional financial institutions. As Chief Credit Officer, he is responsible for leading the credit administration organization, an especially important role given today’s dynamic credit environment.
Nathan’s depth of knowledge has allowed us to work with our customers and navigate the pandemic while maintaining a diverse loan portfolio and solid credit metrics.
Nathan remains focused on building a strong credit culture and upholding the highest level of financial stewardship for our customers.
President and CEO
Brent has more than three decades of banking experience, which includes commercial and consumer banking, strategic leadership and teambuilding. He has an unwavering commitment to serving customers and a dedication to community involvement, actively working with local boards.
Brent works closely with Wisconsin Bank & Trust customers to help build a stronger and more vibrant future for Wisconsin families and businesses.
His extensive banking background and customer-focused approach suits him well as leader of Wisconsin Bank & Trust. Brent is focused on thoughtful, intentional and solid growth that fuels the ability to meet and exceed our customers’ needs.
When the world shifted to a mostly virtual environment, HTLF had the solutions to meet our customers’ needs, providing options for banking on their terms, in-person or digitally.
We are a diverse team of financial experts, analysts and thought leaders. We are committed to providing our customers with insights that go beyond basic economic and market advice. We believe dedicated local talent offers unique perspective on regional markets and a true understanding of the customers we serve. It is from this comprehensive view that we provide smart, evidence-based insights that drive real results.
As HTLF we are a diverse and unique group. It’s the variety of experiences and lifestyles we bring to work every day that allow us to provide greater insights to help us better understand each other and our customers. Our diversity, equity and inclusion journey continues.
Strength. Insight. Growth.
© 2021 Heartland Financial USA, Inc. Equal Opportunity Employer