Heartland Financial USA Inc
HTLFDelisted Jan 31, 2025- Industry
- State Commercial Banks
- SEC CIK
- 0000920112
Heartland Financial USA Inc was delisted on Jan 31, 2025; its insiders filed their last Form 4 on Feb 4, 2025; 239 institutions reported holding it in 13F filings for Q4 2024, worth $2.09B in total; no superinvestor held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:58 AM ET
Revenue flow, FY2023
Where the revenue went in FY2023, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2024 | Jan 30, 2023 | Jan 31, 2022 | Jan 25, 2021 | Jan 27, 2020 |
| Revenue | $97.5M | $93.6M | $87.7M | $71.1M | $75.3M |
| Interest expense | $352.6M | $76.4M | $28.2M | $44.9M | $80.6M |
| Income tax | $16.9M | $55.6M | $55.3M | $36.1M | $35.0M |
| Net income | $79.9M | $212.2M | $219.9M | $137.9M | $149.1M |
| EPS, basic | $1.68 | $4.80 | $5.01 | $3.58 | $4.14 |
| EPS, diluted | $1.68 | $4.79 | $5.00 | $3.57 | $4.14 |
| Weighted shares, basic | 42.7M | 42.5M | 42.3M | 37.3M | 36.0M |
| Weighted shares, diluted | 42.8M | 42.6M | 42.4M | 37.4M | 36.1M |
| Margins and growth | |||||
| Net margin | 81.9% | 226.7% | 250.9% | 194.0% | 197.9% |
| Revenue growth, year over year | +4.2% | +6.8% | +23.3% | −5.7% | +5.2% |
| Net income growth, year over year | −62.3% | −3.5% | +59.4% | −7.5% | +27.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2024 | Jan 30, 2023 | Jan 31, 2022 | Jan 25, 2021 | Jan 27, 2020 |
| Cash and equivalents | $323.0M | $363.1M | $435.6M | $337.9M | $378.7M |
| Property, plant and equipment | $177.0M | $190.5M | $205.0M | $219.6M | $197.6M |
| Goodwill | $576.0M | $576.0M | $576.0M | $576.0M | $446.3M |
| Intangible assets | $18.4M | $33.0M | $39.9M | $48.4M | $55.4M |
| Total assets | $19.4B | $20.2B | $19.3B | $17.9B | $13.2B |
| Short-term debt | $622.3M | $376.1M | $131.6M | $167.9M | $182.6M |
| Long-term debt | $372.4M | $371.8M | $372.1M | $457.0M | $275.8M |
| Total liabilities | $17.5B | $18.5B | $17.1B | $15.8B | $11.6B |
| Shareholders' equity | $1.93B | $1.74B | $2.18B | $2.08B | $1.58B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2024 | Jan 30, 2023 | Jan 31, 2022 | Jan 25, 2021 | Jan 27, 2020 |
| Operating cash flow | $280.3M | $388.0M | $326.0M | $190.4M | $161.2M |
| Capital expenditures | $7.06M | $14.8M | $17.2M | $18.5M | $17.9M |
| Free cash flow | $273.3M | $373.2M | $308.8M | $171.8M | $143.2M |
| Depreciation and amortization | $20.4M | $24.5M | $26.9M | $27.3M | $30.8M |
| Stock-based compensation | $9.45M | $8.16M | $8.74M | $7.41M | $6.07M |
| Dividends paid | $59.2M | $54.2M | $48.6M | $31.9M | $24.6M |
| Share buybacks | – | – | – | $0 | $0 |
| Investing cash flow | $802.2M | -$1.81B | -$1.53B | -$2.30B | -$574.0M |
| Financing cash flow | -$1.12B | $1.35B | $1.30B | $2.07B | $517.9M |
| Net change in cash | -$40.1M | -$72.5M | $97.7M | -$40.8M | $105.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 9.7% | 8.7% | 10.0% | 10.4% | 8.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 4, 2024 | 42.9M | +0.5% | SEC |
| Aug 5, 2024 | 42.9M | +0.5% | SEC |
| May 7, 2024 | 42.8M | +0.5% | SEC |
| Feb 21, 2024 | 42.7M | +0.5% | SEC |
| Nov 8, 2023 | 42.7M | +0.5% | SEC |
| Aug 3, 2023 | 42.7M | +0.5% | SEC |
| May 4, 2023 | 42.6M | +0.4% | SEC |
| Feb 22, 2023 | 42.5M | +0.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.