Heartland Financial USA Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2020
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	Dec '20 Dec 31, 2020	2020
Revenue	30.84	31.16	23.77	20.98	20	16.4	Upgrade
Revenue Growth (YoY)	15.55%	31.10%	13.28%	4.89%	22.01%	23.17%	Upgrade
Cost of Revenue	15.8	13.95	10.84	9.33	8.71	6.81	Upgrade
Gross Profit	15.04	17.22	12.92	11.65	11.3	9.59	Upgrade
Selling, General & Admin	7.22	6.99	6.95	3.92	2.76	1.95	Upgrade
Operating Expenses	7.3	7.15	7	3.58	2.51	2.14	Upgrade
Operating Income	7.75	10.06	5.92	8.07	8.78	7.45	Upgrade
Interest Expense	-0.02	-0.02	-0.01	-0	-0.01	-0.04	Upgrade
Interest & Investment Income	-	-	-	-	0.09	0.12	Upgrade
Other Non Operating Income (Expenses)	1.04	1.04	0.39	0.41	0.14	0.14	Upgrade
EBT Excluding Unusual Items	8.77	11.08	6.31	8.47	9	7.67	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	1.78	0.22	Upgrade
Asset Writedown	-	-	-	-	-0.35	-	Upgrade
Other Unusual Items	-	-	-	-	-	0.24	Upgrade
Pretax Income	8.77	11.08	6.31	8.47	10.43	8.13	Upgrade
Income Tax Expense	2.42	3	2	1.42	2.53	1.25	Upgrade
Net Income	6.53	8.08	4.3	7.05	7.9	6.87	Upgrade
Net Income to Common	6.53	8.08	4.3	7.05	7.9	6.87	Upgrade
Net Income Growth	11.12%	87.84%	-38.95%	-10.79%	14.98%	2.60%	Upgrade
Shares Outstanding (Basic)	671	671	573	562	562	562	Upgrade
Shares Outstanding (Diluted)	671	671	573	562	671	671	Upgrade
Shares Change (YoY)	11.81%	17.14%	1.97%	-16.28%	-	-	Upgrade
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01	Upgrade
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.01	Upgrade
EPS Growth	-0.62%	60.37%	-40.13%	4.52%	20.00%	-	Upgrade
Free Cash Flow	5.7	8.95	3.9	5.95	9.09	7.49	Upgrade
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.01	0.01	Upgrade
Dividend Per Share	0.003	0.003	-	-	-	-	Upgrade
Gross Margin	48.78%	55.25%	54.37%	55.52%	56.48%	58.49%	Upgrade
Operating Margin	25.12%	32.29%	24.91%	38.47%	43.91%	45.43%	Upgrade
Profit Margin	21.17%	25.94%	18.10%	33.59%	39.49%	41.91%	Upgrade
Free Cash Flow Margin	18.47%	28.72%	16.41%	28.36%	45.45%	45.68%	Upgrade
EBITDA	8.05	10.32	6.06	8.22	9.01	7.64	Upgrade
EBITDA Margin	26.09%	33.11%	25.51%	39.16%	45.04%	46.62%	Upgrade
D&A For EBITDA	0.3	0.26	0.14	0.15	0.23	0.2	Upgrade
EBIT	7.75	10.06	5.92	8.07	8.78	7.45	Upgrade
EBIT Margin	25.12%	32.29%	24.91%	38.47%	43.91%	45.43%	Upgrade
Effective Tax Rate	27.58%	27.07%	31.77%	16.81%	24.26%	15.43%	Upgrade

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.