Heartland Financial USA, Inc. (HTLF)

Heartland Financial USA Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	588.39	323.01	363.09	435.6	337.9	331.93
Investment Securities	1,866	2,049	2,342	2,860	3,044	1,720
Trading Asset Securities	75.97	84.9	46.51	25.23	45.93	18.22
Mortgage-Backed Securities	3,032	3,502	4,699	4,817	3,231	1,702
Total Investments	4,974	5,637	7,087	7,703	6,322	3,440
Gross Loans	11,441	12,069	11,428	9,961	10,042	8,368
Allowance for Loan Losses	-106.8	-122.57	-109.48	-110.09	-131.61	-70.4
Other Adjustments to Gross Loans	-	-	-	-6.52	-19.3	-
Net Loans	11,334	11,946	11,319	9,844	9,891	8,298
Property, Plant & Equipment	145.28	202.86	219.91	227.63	241.15	220.76
Goodwill	576.01	576.01	576.01	576.01	576.01	446.35
Other Intangible Assets	14.16	18.42	25.15	32.99	42.38	48.69
Loans Held for Sale	-	5.07	5.28	21.64	57.95	26.75
Accrued Interest Receivable	84.2	93.4	82.1	64.7	63.2	-
Restricted Cash	-	-	-	-	-	46.8
Other Current Assets	9.86	4.07	6.85	10.83	6.5	2.97
Other Real Estate Owned & Foreclosed	6.81	12.55	8.43	1.97	6.86	6.93
Other Long-Term Assets	469.99	567.69	539.18	332.93	343.81	323.68
Total Assets	18,272	19,412	20,244	19,275	17,908	13,210
Accrued Expenses	160.13	152.18	150.09	104.67	131.01	82.29
Interest Bearing Deposits	10,944	9,903	11,812	9,317	8,094	6,805
Institutional Deposits	-	1,799	-	605.2	1,198	695.8
Non-Interest Bearing Deposits	4,009	4,500	5,701	6,495	5,689	3,544
Total Deposits	14,953	16,202	17,513	16,417	14,980	11,044
Short-Term Borrowings	634.79	706.5	422.44	156.79	215.15	201.38
Current Portion of Long-Term Debt	-	-	-	-	0.29	0.07
Current Portion of Leases	-	6.39	-	-	-	-
Long-Term Debt	223.31	223.11	222.73	223.86	314.79	130.35
Federal Home Loan Bank Debt, Long-Term	-	-	0.74	0.9	1.02	2.84
Long-Term Leases	-	22.95	31.68	26.13	25.34	24.62
Trust Preferred Securities	150.01	149.29	148.28	147.32	146.32	145.34
Other Long-Term Liabilities	10.46	16.47	20.2	15.46	15.28	0.25
Total Liabilities	16,132	17,479	18,509	17,092	15,829	11,631
Preferred Stock, Redeemable	110.71	110.71	110.71	110.71	110.71	-
Total Preferred Equity	110.71	110.71	110.71	110.71	110.71	-
Common Stock	42.88	42.69	42.47	42.28	42.09	36.7
Additional Paid-In Capital	1,099	1,091	1,081	1,072	1,062	839.86
Retained Earnings	1,252	1,142	1,121	962.99	791.63	702.5
Comprehensive Income & Other	-364.3	-452.52	-620.01	-5.75	72.72	-0.93
Total Common Equity	2,030	1,822	1,624	2,071	1,969	1,578
Shareholders' Equity	2,140	1,933	1,735	2,182	2,079	1,578
Total Liabilities & Equity	18,272	19,412	20,244	19,275	17,908	13,210
Total Debt	1,008	1,108	825.88	554.99	702.91	504.59
Net Cash (Debt)	-342.71	-699.08	-414.54	-91.27	-315.95	-150.87
Net Cash Per Share	-7.97	-16.34	-9.72	-2.15	-8.46	-4.18
Filing Date Shares Outstanding	42.89	42.69	42.47	42.28	42.1	36.77
Total Common Shares Outstanding	42.88	42.69	42.47	42.28	42.09	36.7
Book Value Per Share	47.33	42.69	38.25	49.00	46.77	43.00
Tangible Book Value	1,440	1,228	1,023	1,462	1,350	1,083
Tangible Book Value Per Share	33.57	28.77	24.09	34.59	32.07	29.51

Source: S&P Capital IQ. Banks template. Financial Sources.