Heartland Financial USA, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
January 29, 2024 at 04:01 pm EST
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Heartland Financial USA, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 156.14 million compared to USD 165.22 million a year ago. Net loss was USD 70.36 million compared to net income of USD 60.65 million a year ago.
Diluted loss per share from continuing operations was USD 1.69 compared to diluted earnings per share from continuing operations of USD 1.37 a year ago.
Heartland Financial USA, Inc. is a bank holding company. The Company conducts its banking business through multiple independently branded divisions in the states of Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas, and Wisconsin. The principal business of its Banks consists of making loans to and accepting deposits. Its Banks provide a range of commercial, small business and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. It provides multiple service delivery channels, including online banking, mobile/remote banking, and telephone banking. Its Banks provide a suite of banking products and services comprised of deposit and credit offerings, with treasury management, wealth management and retirement plan services. Its primary lines of business include commercial banking, small business banking, agricultural banking, residential real estate mortgage lending, and others.