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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	239,984	207,168	124,461	105,169	77,667
Revenue Growth (YoY)	208.99%	66.45%	18.34%	35.41%	-
Cost of Revenue	169,345	146,249	86,340	74,211	54,269
Gross Profit	70,638	60,919	38,121	30,957	23,398
Selling, General & Admin	21,394	17,483	13,943	13,338	11,209
Operating Expenses	23,332	19,269	15,725	14,785	12,518
Operating Income	47,306	41,650	22,397	16,173	10,880
Interest Expense	-3,469	-4,106	-4,588	-3,220	-2,300
Interest & Investment Income	985.61	332.49	185.63	331.91	395.26
Currency Exchange Gain (Loss)	65.69	163.03	-304.5	-568.07	136.64
Other Non Operating Income (Expenses)	-4,173	-3,984	-3,040	-708.25	-705.28
EBT Excluding Unusual Items	40,715	34,055	14,650	12,008	8,406
Gain (Loss) on Sale of Assets	247.75	18.02	3.54	-60.79	-
Pretax Income	40,962	34,073	14,653	11,947	8,406
Income Tax Expense	3,508	3,171	1,466	1,288	784.43
Net Income	37,455	30,902	13,187	10,660	7,622
Net Income to Common	37,455	30,902	13,187	10,660	7,622
Net Income Growth	391.40%	134.33%	23.71%	39.85%	-
Shares Outstanding (Basic)	3,110	2,588	1,278	118	26
Shares Outstanding (Diluted)	3,110	2,588	1,278	118	26
Shares Change (YoY)	12097.33%	102.54%	983.96%	362.34%	-
EPS (Basic)	12.04	11.94	10.32	90.42	298.90
EPS (Diluted)	12.04	11.94	10.32	90.42	298.90
EPS Growth	-95.97%	15.70%	-88.59%	-69.75%	-
Free Cash Flow	15,321	9,045	-8,715	-19,269	2,563
Free Cash Flow Per Share	4.93	3.49	-6.82	-163.44	100.50
Dividend Per Share	3.000	3.000	-	5.000	10.000
Dividend Growth	-70.00%	-	-	-50.00%	-
Gross Margin	29.43%	29.41%	30.63%	29.44%	30.13%
Operating Margin	19.71%	20.11%	18.00%	15.38%	14.01%
Profit Margin	15.61%	14.92%	10.60%	10.14%	9.81%
Free Cash Flow Margin	6.38%	4.37%	-7.00%	-18.32%	3.30%
EBITDA	47,950	43,436	24,178	17,620	12,189
EBITDA Margin	19.98%	20.97%	19.43%	16.75%	15.69%
D&A For EBITDA	643.8	1,786	1,781	1,447	1,309
EBIT	47,306	41,650	22,397	16,173	10,880
EBIT Margin	19.71%	20.11%	18.00%	15.38%	14.01%
Effective Tax Rate	8.56%	9.31%	10.00%	10.78%	9.33%
Advertising Expenses	-	57.4	28.43	193.79	29.07

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