âWe are pleased to expand the Arizona Bank & Trustâs team and geographic footprint. Price to Book Value per Share Ratio. volatility (beta: 1.00) Low High. Heartland continues to review its branch network for optimization and consolidation opportunities, which may result in additional write-downs of fixed assets in future periods.Net Interest Income Increases and Net Interest Margin Decreases from Third Quarter of 2019Net interest margin, expressed as a percentage of average earning assets, was 3.51% (3.55% on a fully tax-equivalent basis, non-GAAP) during the third quarter of 2020, compared to 3.81% (3.85% on a fully tax-equivalent basis, non-GAAP) during the second quarter of 2020 and 3.98% (4.02% on a fully tax-equivalent basis, non-GAAP) during the third quarter of 2019.Total interest income and average earning asset changes for the third quarter of 2020 compared to the third quarter of 2019 were: 1. As a 501(c)(3) organization, we hold a 4-star rating from Charity Navigator and a platinum rating of transparency from Guidestar. (3) In conjunction with the adoption of ASU 2016-13, Heartland reclassified loan balances to more closely align with FDIC codes. Approximately 69% of the second loan modifications are principal and interest deferments for 90 days, and the remainder are primarily interest-only payments for 90 days.The ultimate impact of the COVID-19 pandemic on Heartland's financial condition and results of operations will depend on the severity and duration of the pandemic, related restrictions on business and consumer activity, and the availability of government programs to alleviate the economic stress of the pandemic. The timely development and acceptance of products and services, including products and services offered through alternative delivery channels such as the Internet; 16. 4. Certain other provisions of the original merger agreement were revised to reflect other changes in economic terms and the significantly delayed closing date of the transaction.In the first merger, AIM will merge with and into AimBank, and holders of shares of AIM common stock will receive one share of AimBank common stock for each share of AIM common stock owned by such holders.Â In the second merger, which will occur immediately following the consummation of the AIM/AimBank merger, AimBank will merge with and into Heartlandâs wholly owned subsidiary, First Bank & Trust. Cash Prices: Grain Futures Overview: Submit Your Own Grain Contract: Helping farmers market profitably is a commitment Heartland takes very seriously. Nonperforming loans were $80.7 million or 0.89% of total loans at September 30, 2020, compared to $80.7 million or 0.96% of total loans at December 31, 2019. Commercial real estate lending, which includes non-owner occupied commercial real estate and construction loans, increased $54.5 million or 2% to $2.58 billion at September 30, 2020 from $2.52 billion at year-end 2019.Â 3. The effects of past and any future terrorist threats and attacks, acts of war or threats thereof; 9. All rights reserved. Heartland provides banking, mortgage, private client, investment, treasury management, card services, insurance and consumer finance services to individuals and businesses. As of September 30, 2020, AB&T had assets of approximately $1.0 billion, gross loans of $679 million and deposits of $886 million. Heartland Financial USA Stock Price Forecast, HTLF stock price prediction. Adj. About Heartland Financial USA, Inc. Heartland Financial USA, Inc. is a diversified financial services company with assets of $13.2 billion. Whilst it may not be a huge deal, we thought it was good to see that the Heartland Financial USA, Inc. (NASDAQ:HTLF... Search for home water filter systems. 6. âAimBank brings a strong team of experienced bankers, focused on providing exceptional customer service, which will expand and continue our success in the market.âThe AimBank shareholders will receive approximately 5,185,000 shares of Heartland common stock and approximately $47.3 million in cash, subject to certain âhold-backâ provisions of the merger agreement relating to the cash consideration.After completing the acquisition of AimBank and the previously announced acquisition of Johnson Bankâs four Arizona branches, which also closed on December 4, 2020, Heartland has total assets of almost $18 billion with more than 140 full-service banking locations operating in 12 states.Bruce K. Lee, Heartlandâs President and Chief Executive Officer, added, âWe are excited to welcome the customers and employees of AimBank. Citywide Banks is a member FDIC and an Equal Housing Lender. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.Contact CEO Jeff Hultman JHultman@illinoisbank.com 815.637.7007, DUBUQUE, Iowa, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Officials of Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that the company plans to broadcast a conference call detailing its Third Quarter 2020 earnings live over the internet at www.htlf.com at 5:00 p.m. The average interest rate paid on Heartland's borrowings was 2.49% compared to 4.27%.Net interest income increased for the third quarter of 2020 compared to the third quarter of 2019: 1. The historic dividend yield on Heartland Group shares is currently 4.14%. Find the latest historical data for Heartland Financial USA, Inc. Common Stock (HTLF) at Nasdaq.com. Heartland currently has 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Keefe, Bruyette & Woods served as JFGâs financial advisor and Reinhart Boerner Van Deuren s.c. served as JFGâs legal counsel.About Heartland Financial USA, Inc. Heartland is a diversified financial services company with assets of $15.6 billion as of September 30, 2020. 4. return on average tangible common equity (non-GAAP) of 12.10% and adjusted return on average tangible common equity (non-GAAP) of 17.08% for the nine months ended September 30, 2020, compared to 16.13% and 18.05%, respectively, for the nine months ended September 30, 2019. Savings deposits increased $434.7 million or 7% to $6.74 billion at September 30, 2020, from $6.31 billion at December 31, 2019.Â 1. Solar energy tax credits of $965,000 compared to $2.0 million. Financial results will be available on the companyâs website on January 25, 2021, after the market closes. Our grain department represents a complex network of storage and terminal shipping facilities dispersed throughout the landscape of central / east-central Iowa. Heartland expects this transaction to close in the fourth quarter of 2020. Management believes the presentation of these non-GAAP measures are useful to compare net income, return on average tangible common equity and earnings per share results excluding the variability of credit loss provisions and acquisition, integration and restructuring costs.Â Conference Call Details Heartland will host a conference call for investors at 5:00 p.m. EDT today. Heartland Group has yet to annouce their ex-dividend date. Increasing credit losses due to deterioration in the financial condition of its borrowers, based on declining oil prices and asset and collateral values, which may continue to increase the provision for credit losses and net charge-offs of Heartland; 4. View real-time stock prices and stock quotes for a full financial overview. 1:24am, shares in HTLF | Complete Heartland Financial USA Inc. stock news by MarketWatch. about the super duper fantastic Heartland Dental Care. The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. Discover historical prices for HTLF stock on Yahoo Finance. Heartland Payment (HPY) Stock Soars on $4.3 Billion Sale to Global Payments. This measure is included as it is considered to be a critical metric to analyze and evaluate use of equity, financial condition and capital strength. For more information, visitÂ illinoisbank.com.About Heartland Financial USA, Inc. Heartland Financial USA, Inc. is a diversified financial services company with assets of $15 billion. Heartland Financial USA share price volatility. Since 1998, we have raised $39 million and supported 5.4 million students. The total allowance for lending related credit losses was $117.7 million at September 30, 2020, which was 1.29% of loans as of September 30, 2020.Nonperforming Assets and Loan Delinquencies Decrease Since December 31, 2019Nonperforming assets decreased $1.7 million or 2% to $85.9 million or 0.55% of total assets at September 30, 2020, compared to $87.6 million or 0.66% of total assets at December 31, 2019. Household includes investment products, consumer lending, reverse mortgages and motor vehicle lending. The average interest rate paid on Heartland's interest bearing liabilities decreased to 0.40% compared to 1.22%, which was primarily due to recent decreases in market interest rates. 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