Here's What Key Metrics Tell Us About Heartland Financial (HTLF) Q3 Earnings
For the quarter ended September 2023, Heartland Financial (HTLF) reported revenue of $174.14 million, down 5.9% over the same period last year. EPS came in at $1.12, compared to $1.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $177.63 million, representing a surprise of -1.97%. The company delivered an EPS surprise of +0.90%, with the consensus EPS estimate being $1.11.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heartland Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 63.8% compared to the 60.7% average estimate based on two analysts.
Net Interest Margin: 3.1% compared to the 3.2% average estimate based on two analysts.
Average Balance - Total interest earning assets: $18.44 billion compared to the $18.47 billion average estimate based on two analysts.
Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
Net Interest Income (FTE): $147.91 million versus $149.33 million estimated by two analysts on average.
Trust fees: $4.73 million versus $5.50 million estimated by two analysts on average.
Net gains on sale of loans held for sale: $0.91 million versus the two-analyst average estimate of $1.30 million.
Loan servicing income: $0.28 million versus the two-analyst average estimate of $0.41 million.
Service charges and fees net: $18.55 million compared to the $19.04 million average estimate based on two analysts.
Income on bank owned life insurance: $0.86 million versus the two-analyst average estimate of $1.21 million.
Brokerage and insurance commissions: $0.69 million versus the two-analyst average estimate of $0.70 million.
Total Non Interest Income: $28.38 million versus $31.65 million estimated by two analysts on average.
View all Key Company Metrics for Heartland Financial here>>>
Shares of Heartland Financial have returned -2.8% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Heartland Financial USA, Inc. (HTLF) : Free Stock Analysis Report
