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Heartland Financial reports Q3 EPS $1.08 with items, consensus $1.09
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Heartland Financial reports Q3 EPS $1.08 with items, consensus $1.09

Q3 EPS includes 4c of acquisition, integration and restructuring costs. The allowance for credit losses for loans totaled $110.2M at September 30, and $109.5M at December 31, 2022. The following items impacted the allowance for credit losses for loans at September 30: Provision expense for the nine months ended September 30, totaled $12.7M; and net charge-offs of $12.0M were recorded for the first nine months of 2023. “HTLF delivered another solid quarter highlighted by loan and customer deposit growth, reduced wholesale deposits and continued stable credit quality while effectively managing core expenses. We are also pleased that we successfully completed the final charter consolidation and look forward to 2024 with this significant project behind us,” said Bruce K. Lee, president and CEO of HTLF.

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