HTLF
2024-09-30 | 2024-06-30 | |||
|---|---|---|---|---|
| Revenue from contract with customers | 25,341 | 25,386 | ||
| Other noninterest income | 1,576 | 1,366 | ||
| Loan servicing income | 111 | 107 | ||
| Unrealized gain on equity securities, net | 377 | 133 | ||
| 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 | ||
| Acquisition, integration and restructuring costs | 2,026 | 5,973 | ||
| Professional fees | 17,448 | 15,372 | ||
| Other noninterest expenses | 14,816 | 14,303 | ||
| Occupancy | 6,318 | 6,262 | ||
| Salaries and employee benefits | 62,742 | 65,120 | ||
| Other real estate and loan collection expenses | -395 | -515 | ||
| Loss (gain) on salesvaluations of assets, net | 26,419 | -193 | ||
| Fdic insurance assessments | 3,035 | 3,340 | ||
| Furniture and equipment | 2,062 | 2,155 | ||
| Core deposit intangibles amortization | 1,345 | 1,421 | ||
| Advertising | 1,937 | 1,368 | ||
| Partnership investment in tax credit projects | 222 | 222 | ||
| Total noninterest expenses | 85,927 | 116,244 | ||
| Interest on borrowings | 7,378 | 10,825 | ||
| 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 deposits | 82,976 | 80,499 | ||
| Total interest expense | 95,897 | 96,888 | ||
| Nontaxable | 5,979 | 6,042 | ||
| Taxable | 51,116 | 47,381 | ||
| Interest on interest-bearing deposits in other financial institutions | 4,193 | 3,045 | ||
| Interest and fees on loans | 192,506 | 199,161 | ||
| 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 | ||
| 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 | ||