Heartland Financial USA Income Statement

Financials in millions IDR. Fiscal year is January - December.

Millions IDR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	493,529	448,515	444,429	363,365	318,590	278,838
Revenue Growth (YoY)	14.60%	0.92%	22.31%	14.05%	14.26%	-
Cost of Revenue	230,092	211,167	223,964	184,266	174,887	147,886
Gross Profit	263,437	237,348	220,465	179,100	143,703	130,952
Selling, General & Admin	201,944	186,470	156,135	122,121	102,699	99,080
Operating Expenses	217,091	199,740	166,709	130,393	109,704	105,687
Operating Income	46,346	37,607	53,756	48,707	33,999	25,265
Interest Expense	-7,818	-6,954	-2,776	-2,290	-2,269	-3,522
Interest & Investment Income	-	124.53	183.85	102.39	81.11	47.66
Earnings From Equity Investments	-1,059	-1,059	-262.65	-602.27	35.2	317.11
Other Non Operating Income (Expenses)	-376.23	556.63	-5,291	-2,394	-1,960	94.89
EBT Excluding Unusual Items	37,093	30,276	45,610	43,523	29,886	22,203
Gain (Loss) on Sale of Assets	3,403	3,264	150.43	92.13	356.45	415.4
Pretax Income	40,496	33,540	45,761	43,615	30,242	22,619
Income Tax Expense	13,283	10,008	17,960	13,405	8,904	8,818
Earnings From Continuing Operations	27,214	23,532	27,800	30,210	21,338	13,800
Minority Interest in Earnings	162.93	-422.59	-251.65	-272.22	-390.15	297.85
Net Income	27,377	23,110	27,549	29,938	20,948	14,098
Net Income to Common	27,377	23,110	27,549	29,938	20,948	14,098
Net Income Growth	59.54%	-16.11%	-7.98%	42.92%	48.59%	-
Shares Outstanding (Basic)	3,440	2,892	2,475	64	20	20
Shares Outstanding (Diluted)	3,440	2,892	2,475	64	20	20
Shares Change (YoY)	48.31%	16.86%	3776.72%	219.18%	-	-
EPS (Basic)	7.96	7.99	11.13	468.98	1047.38	704.90
EPS (Diluted)	7.96	7.99	11.13	468.98	1047.38	704.90
EPS Growth	7.57%	-28.22%	-97.63%	-55.22%	48.59%	-
Free Cash Flow	9,086	-14,474	-86,755	31,306	20,527	21,516
Free Cash Flow Per Share	2.64	-5.00	-35.06	490.42	1026.37	1075.78
Dividend Per Share	2.330	4.680	-	-	-	-
Gross Margin	53.38%	52.92%	49.61%	49.29%	45.11%	46.96%
Operating Margin	9.39%	8.38%	12.10%	13.40%	10.67%	9.06%
Profit Margin	5.55%	5.15%	6.20%	8.24%	6.58%	5.06%
Free Cash Flow Margin	1.84%	-3.23%	-19.52%	8.62%	6.44%	7.72%
EBITDA	80,352	67,835	72,368	60,595	42,774	34,872
EBITDA Margin	16.28%	15.12%	16.28%	16.68%	13.43%	12.51%
D&A For EBITDA	34,005	30,228	18,612	11,889	8,776	9,607
EBIT	46,346	37,607	53,756	48,707	33,999	25,265
EBIT Margin	9.39%	8.38%	12.10%	13.40%	10.67%	9.06%
Effective Tax Rate	32.80%	29.84%	39.25%	30.73%	29.44%	38.99%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.