For the quarter ending 2024-09-30, HTLF made $25,341K in revenue. $62,140K in net income. Net profit margin of 245.22%.
| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenue from contract with customers | 25,341 | 25,386 | ||
| Unrealized gain on equity securities, net | 377 | 133 | ||
| Loan servicing income | 111 | 107 | ||
| Other noninterest income | 1,576 | 1,366 | ||
| Securities losses, net (includes (9,299) and 59 of net security (losses) gains reclassified from accumulated other comprehensive income for the three months ended september 30, 2024 and 2023, respectively, and (19,855) and (1,370) of net security losses reclassified from accumulated other comprehensive income for the nine months ended september 30, 2024 and 2023, respectively) | -9,520 | -10,111 | ||
| Income on bank owned life insurance | 1,107 | 1,326 | ||
| Total noninterest income | 18,992 | 18,207 | ||
| Interest on deposits | 82,976 | 80,499 | ||
| Interest on term debt (includes (247) and (63) of interest income related to derivatives reclassified from accumulated other comprehensive income for the three months ended september 30, 2024 and 2023, respectively, and (457) and 638 of interest (income) expense related to derivatives reclassified from accumulated other comprehensive income for the nine months ended september 30, 2024 and 2023, respectively) | 5,543 | 5,564 | ||
| Interest on borrowings | 7,378 | 10,825 | ||
| Total interest expense | 95,897 | 96,888 | ||
| Interest and fees on loans | 192,506 | 199,161 | ||
| Nontaxable | 5,979 | 6,042 | ||
| Interest on interest-bearing deposits in other financial institutions | 4,193 | 3,045 | ||
| Taxable | 51,116 | 47,381 | ||
| Total interest income | 253,794 | 255,629 | ||
| Net interest income | 157,897 | 158,741 | ||
| Provision for credit losses | 6,276 | 9,008 | ||
| Net interest income after provision for credit losses | 151,621 | 149,733 | ||
| Fdic insurance assessments | 3,035 | 3,340 | ||
| Furniture and equipment | 2,062 | 2,155 | ||
| Professional fees | 17,448 | 15,372 | ||
| Other real estate and loan collection expenses | -395 | -515 | ||
| Acquisition, integration and restructuring costs | 2,026 | 5,973 | ||
| Salaries and employee benefits | 62,742 | 65,120 | ||
| Occupancy | 6,318 | 6,262 | ||
| Loss (gain) on salesvaluations of assets, net | 26,419 | -193 | ||
| Partnership investment in tax credit projects | 222 | 222 | ||
| Core deposit intangibles amortization | 1,345 | 1,421 | ||
| Other noninterest expenses | 14,816 | 14,303 | ||
| Advertising | 1,937 | 1,368 | ||
| Total noninterest expenses | 85,927 | 116,244 | ||
| Income before income taxes | 84,686 | 51,696 | ||
| Income taxes (includes (5,729) and 9,877 of income tax (expense) benefit reclassified from accumulated other comprehensive income for the three months ended september 30, 2024 and 2023, respectively, and 5,352 and 19,253 of income tax benefit reclassified from accumulated other comprehensive income for the nine months ended september 30, 2024 and 2023, respectively) | 20,533 | 11,954 | ||
| Net income | 64,153 | 39,742 | ||
| Preferred dividends | 2,013 | 2,012 | ||
| Net income available to common stockholders | 62,140 | 37,730 | ||
| Basic eps | 1.45 | 0.88 | ||
| Diluted eps | 1.44 | 0.88 | ||
| Basic average shares | 43,000,000 | 42,918,000 | ||
| Diluted average shares | 43,195,000 | 43,060,000 | ||
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