XNASHTLFP
Market cap2.70bUSD
Dec 26, Last price
25.32USD
1D
0.24%
1Q
-0.31%
Name
Heartland Financial USA Inc
Profile
Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle and home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use. In addition, it provides online banking, mobile banking, telephone banking, bill payment, automated clearing house, wire transfer, zero balance account, transaction reporting, lock box, remote deposit capture, accounts receivable, investment sweep account, reconciliation, treasury management, wealth management, trust, foreign exchange, and various fraud prevention services, such as check and electronic positive pay, as well as commercial purchasing and merchant credit cards, debit cards, and automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, and brokerage services, as well as vehicle, property and casualty, and life and disability insurance products. Additionally, it is involved in the community development, consumer finance, multi-line insurance agency, and property management businesses. The company operates through 129 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 553,280 -23.95% | 727,547 5.61% | 688,907 13.51% | |||||||
Cost of revenue | 279,563 | 260,699 | 247,371 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 273,717 | 466,848 | 441,536 | |||||||
NOPBT Margin | 49.47% | 64.17% | 64.09% | |||||||
Operating Taxes | 16,857 | 55,573 | 55,335 | |||||||
Tax Rate | 6.16% | 11.90% | 12.53% | |||||||
NOPAT | 256,860 | 411,275 | 386,201 | |||||||
Net income | 79,920 -62.33% | 212,180 -3.52% | 219,923 59.44% | |||||||
Dividends | (59,151) | (54,249) | (48,559) | |||||||
Dividend yield | 3.68% | 2.73% | 2.26% | |||||||
Proceeds from repurchase of equity | 2,467 | 2,875 | 2,925 | |||||||
BB yield | -0.15% | -0.14% | -0.14% | |||||||
Debt | ||||||||||
Debt current | 628,641 | 376,117 | 131,597 | |||||||
Long-term debt | 418,290 | 397,229 | 391,602 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | 16,931,072 | 4,364 | (372,072) | |||||||
Net debt | 522,176 | (8,389,783) | (7,612,944) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 280,312 | 388,008 | 326,037 | |||||||
CAPEX | (7,060) | (14,804) | (17,203) | |||||||
Cash from investing activities | 802,195 | (1,813,043) | (1,525,100) | |||||||
Cash from financing activities | (1,122,581) | 1,352,523 | 1,296,759 | |||||||
FCF | 93,180 | 243,053 | 432,743 | |||||||
Balance | ||||||||||
Cash | 323,013 | 2,112,015 | 438,493 | |||||||
Long term investments | 201,742 | 7,051,114 | 7,697,650 | |||||||
Excess cash | 497,091 | 9,126,752 | 8,101,698 | |||||||
Stockholders' equity | 842,377 | 654,091 | 1,110,222 | |||||||
Invested Capital | 19,391,082 | 19,966,254 | 18,295,924 | |||||||
ROIC | 1.31% | 2.15% | 2.18% | |||||||
ROCE | 1.38% | 2.26% | 2.28% | |||||||
EV | ||||||||||
Common stock shares outstanding | 42,792 | 42,631 | 42,411 | |||||||
Price | 37.61 -19.33% | 46.62 -7.88% | 50.61 25.37% | |||||||
Market cap | 1,609,407 -19.02% | 1,987,457 -7.41% | 2,146,421 42.33% | |||||||
EV | 2,242,288 | (6,291,621) | (5,355,818) | |||||||
EBITDA | 294,102 | 491,327 | 468,430 | |||||||
EV/EBITDA | 7.62 | |||||||||
Interest | 352,559 | 76,420 | 28,200 | |||||||
Interest/NOPBT | 128.80% | 16.37% | 6.39% |