Heartland Financial USA, Inc. (HTLF)

Heartland Financial USA Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	558.6	711.13	707.07	544.95	533.28
Revenue Growth (YoY)	-21.45%	0.57%	29.75%	2.19%	6.85%
Gross Profit	558.6	711.13	707.07	544.95	533.28
Selling, General & Admin	356.74	359.96	349.5	301.04	295.31
Other Operating Expenses	105.09	83.42	82.31	69.92	53.86
Operating Expenses	461.83	443.38	431.81	370.96	349.16
Operating Income	96.78	267.75	275.26	173.99	184.12
Pretax Income	96.78	267.75	275.26	173.99	184.12
Income Tax	16.86	55.57	55.34	36.05	34.99
Net Income	79.92	212.18	219.92	137.94	149.13
Preferred Dividends	8.05	8.05	8.05	4.45	0
Net Income Common	71.87	204.13	211.87	133.49	149.13
Net Income Growth	-64.79%	-3.65%	58.72%	-10.49%	27.51%
Shares Outstanding (Basic)	43	42	42	37	37
Shares Change	0.51%	0.46%	14.55%	0.51%	6.45%
EPS (Basic)	1.68	4.80	5.01	3.58	4.14
EPS (Diluted)	1.68	4.79	5.00	3.57	4.14
EPS Growth	-64.93%	-4.20%	40.06%	-13.77%	17.61%
Free Cash Flow	282.51	384.08	319.32	177.72	144.15
Free Cash Flow Per Share	6.62	9.05	7.56	4.82	3.93
Dividend Per Share	1.200	1.090	0.960	0.800	0.680
Dividend Growth	10.09%	13.54%	20.00%	17.65%	15.25%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	17.32%	37.65%	38.93%	31.93%	34.53%
Profit Margin	12.87%	28.71%	29.96%	24.50%	27.96%
Free Cash Flow Margin	50.57%	54.01%	45.16%	32.61%	27.03%
Effective Tax Rate	17.42%	20.76%	20.10%	20.72%	19.00%
EBITDA	117.16	292.23	302.15	201.28	214.92
EBITDA Margin	20.97%	41.09%	42.73%	36.94%	40.30%
Depreciation & Amortization	20.39	24.48	26.89	27.29	30.8
EBIT	96.78	267.75	275.26	173.99	184.12
EBIT Margin	17.32%	37.65%	38.93%	31.93%	34.53%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).