Heartland Financial: 2Q Earnings Snapshot
DUBUQUE, Iowa (AP) _ Heartland Financial USA Inc. (HTLF) on Monday reported second-quarter net income of $45.2 million.
The Dubuque, Iowa-based bank said it had earnings of $1.26 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The multibank holding company posted revenue of $159.1 million in the period. Its revenue net of interest expense was $138.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $135.7 million.
Heartland Financial shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $46.06, a drop of 22% in the last 12 months.