Heartland BancCorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	93.44	84.42	57.92	51.31	51.88	46.27
Interest Income on Investments	10.81	7.96	5.18	4.2	4.17	5.16
Total Interest Income	104.24	92.39	63.1	55.51	56.05	51.43
Interest Paid on Deposits	41.54	28.69	4.45	3.25	7.95	10.25
Interest Paid on Borrowings	2.73	2.66	1.66	1.75	1.73	0.78
Total Interest Expense	44.27	31.35	6.11	5	9.68	11.03
Net Interest Income	59.98	61.03	56.99	50.51	46.37	40.4
Net Interest Income Growth (YoY)	-2.44%	7.09%	12.84%	8.92%	14.79%	12.35%
Gain (Loss) on Sale of Assets	-	-	-	-	0.01	-
Gain (Loss) on Sale of Investments	-	-	-	0.22	0.25	-
Other Non-Interest Income	9.99	10.07	9.86	9.33	6.99	6.7
Total Non-Interest Income	12.57	12.44	11.38	14.3	14.08	7.84
Non-Interest Income Growth (YoY)	7.37%	9.30%	-20.40%	1.53%	79.71%	48.86%
Revenues Before Loan Losses	72.55	73.47	68.37	64.8	60.45	48.23
Provision for Loan Losses	0.55	2.6	1.92	1.92	6.35	1.5
Revenue	72	70.87	66.45	62.88	54.1	46.73
Revenue Growth (YoY)	1.90%	6.65%	5.67%	16.23%	15.77%	17.66%
Salaries and Employee Benefits	28.5	29.08	27.83	23.45	19.8	17.82
Occupancy Expenses	3.9	3.69	3.46	3.49	3.48	3.71
Federal Deposit Insurance	1.03	1.17	0.37	0.4	0.42	0.11
Selling, General & Administrative	9.32	8.05	7.01	6.44	7.2	4.61
Other Non-Interest Expense	4.84	5.06	5.55	5.95	5.18	4.36
Total Non-Interest Expense	47.58	47.05	44.23	39.73	36.08	30.62
EBT Excluding Unusual Items	24.42	23.82	22.23	23.16	18.03	16.11
Pretax Income	24.42	23.82	22.23	23.16	18.03	16.11
Income Tax Expense	4.54	4.31	4.16	4.57	3.26	2.92
Net Income	19.89	19.52	18.07	18.59	14.77	13.2
Net Income to Common	19.89	19.52	18.07	18.59	14.77	13.2
Net Income Growth	3.27%	8.00%	-2.81%	25.91%	11.91%	15.60%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	0.68%	-0.03%	0.09%	0.63%	-1.43%	19.61%
EPS (Basic)	9.86	9.69	9.00	9.30	7.39	6.54
EPS (Diluted)	9.73	9.62	8.90	9.17	7.33	6.45
EPS Growth	2.62%	8.09%	-2.94%	25.10%	13.64%	-3.44%
Dividend Per Share	3.034	3.036	2.760	2.510	2.280	2.080
Dividend Growth	2.26%	10.00%	9.96%	10.09%	9.62%	10.05%
Effective Tax Rate	18.58%	18.08%	18.69%	19.71%	18.08%	18.10%

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