Heartland Financial USA, Inc. (HTLF)

Heartland Financial USA Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	380.82	323.01	363.09	435.6	337.9
Investment Securities	4,466	2,049	2,342	2,860	3,044
Trading Asset Securities	-	84.9	46.51	25.23	45.93
Mortgage-Backed Securities	-	3,502	4,699	4,817	3,231
Total Investments	4,466	5,637	7,087	7,703	6,322
Gross Loans	11,156	12,069	11,428	9,961	10,042
Allowance for Loan Losses	-96.5	-122.57	-109.48	-110.09	-131.61
Other Adjustments to Gross Loans	-	-	-	-6.52	-19.3
Net Loans	11,059	11,946	11,319	9,844	9,891
Property, Plant & Equipment	152.88	202.86	219.91	227.63	241.15
Goodwill	576.01	576.01	576.01	576.01	576.01
Other Intangible Assets	12.82	18.42	25.15	32.99	42.38
Loans Held for Sale	-	5.07	5.28	21.64	57.95
Accrued Interest Receivable	-	93.4	82.1	64.7	63.2
Other Current Assets	-	4.07	6.85	10.83	6.5
Other Real Estate Owned & Foreclosed	4.29	12.55	8.43	1.97	6.86
Other Long-Term Assets	637.79	567.69	539.18	332.93	343.81
Total Assets	17,290	19,412	20,244	19,275	17,908
Accrued Expenses	203.53	152.18	150.09	104.67	131.01
Interest Bearing Deposits	10,863	9,903	11,812	9,317	8,094
Institutional Deposits	-	1,799	-	605.2	1,198
Non-Interest Bearing Deposits	3,774	4,500	5,701	6,495	5,689
Total Deposits	14,637	16,202	17,513	16,417	14,980
Short-Term Borrowings	73.82	706.5	422.44	156.79	215.15
Current Portion of Long-Term Debt	-	-	-	-	0.29
Current Portion of Leases	-	6.39	-	-	-
Long-Term Debt	298.66	223.11	222.73	223.86	314.79
Federal Home Loan Bank Debt, Long-Term	-	-	0.74	0.9	1.02
Long-Term Leases	-	22.95	31.68	26.13	25.34
Trust Preferred Securities	-	149.29	148.28	147.32	146.32
Other Long-Term Liabilities	-	16.47	20.2	15.46	15.28
Total Liabilities	15,213	17,479	18,509	17,092	15,829
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	42.9	42.69	42.47	42.28	42.09
Additional Paid-In Capital	1,102	1,091	1,081	1,072	1,062
Retained Earnings	1,253	1,142	1,121	962.99	791.63
Comprehensive Income & Other	-431.25	-452.52	-620.01	-5.75	72.72
Total Common Equity	1,967	1,822	1,624	2,071	1,969
Shareholders' Equity	2,078	1,933	1,735	2,182	2,079
Total Liabilities & Equity	17,290	19,412	20,244	19,275	17,908
Total Debt	372.48	1,108	825.88	554.99	702.91
Net Cash (Debt)	9.14	-699.08	-414.54	-91.27	-315.95
Net Cash Per Share	0.21	-16.34	-9.72	-2.15	-8.46
Filing Date Shares Outstanding	42.9	42.69	42.47	42.28	42.1
Total Common Shares Outstanding	42.9	42.69	42.47	42.28	42.09
Book Value Per Share	45.85	42.69	38.25	49.00	46.77
Tangible Book Value	1,378	1,228	1,023	1,462	1,350
Tangible Book Value Per Share	32.13	28.77	24.09	34.59	32.07

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