Heartland Financial USA, Inc. (“HTLF”) Increases Quarterly Cash Dividend
20 Gennaio 2023 - 8:00PM
Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the
brand name HTLF, announced its Board of Directors approved a
quarterly cash dividend of $0.30 per share of the company's common
stock, an increase of $0.02 or 7 percent from the previous quarter.
The dividend is payable on February 28, 2023, to
stockholders of record at the close of business on February 10,
2023. As of December 31, 2022, there were 42,467,394 common shares
outstanding listed on the NASDAQ Global Select Market under the
symbol HTLF.
About HTLF
Heartland Financial USA, Inc., operating under
the brand name HTLF, is a bank holding company with assets of
$19.68 billion. HTLF has banks serving communities in Arizona,
California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri,
Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its
core commercial business, supported by a strong retail operation,
and provides a diversified line of financial services including
treasury management, wealth management, investments and residential
mortgage. Additional information is available at www.htlf.com.
Safe Harbor Statement
This release (including any information
incorporated herein by reference), and future oral and written
statements of the company and its management, may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, with respect to the
business, financial condition, results of operations, plans,
objectives and future performance of HTLF.
Any statements about the company's expectations,
beliefs, plans, objectives, assumptions or future events or
performance are not historical facts and may be forward-looking.
Forward-looking statements may include information about possible
or assumed future results of the company's operations or
performance. These forward-looking statements are generally
identified by the use of the words such as "believe", "expect",
"intent", "anticipate", "plan", "intend", "estimate", "project",
"may", "will", "would", "could", "should", "may", "view",
"opportunity", "potential", or similar or negative expressions of
these words or phrases that are used in this release, and future
oral and written statements of the company and its management.
Although the company may make these statements based on
management’s experience, beliefs, expectations, assumptions and
best estimate of future events, the ability of the company to
predict results or the actual effect or outcomes of plans or
strategies is inherently uncertain, and there may be events or
factors that management has not anticipated. Therefore, the
accuracy and achievement of such forward-looking statements and
estimates are subject to a number of risks, many of which are
beyond the ability of management to control or predict, that could
cause actual results to differ materially from those in its
forward-looking statements. These factors, which the company
currently believes could have a material effect on its operations
and future prospects, are detailed below and in the risk factors in
HTLF's reports filed with the Securities and Exchange Commission
("SEC"), including the "Risk Factors" section under Item 1A of Part
I of the company’s Annual Report on Form 10-K for the year ended
December 31, 2021, include, among others:
- COVID-19
Pandemic Risks, including risks related to the ongoing COVID-19
pandemic and measures enacted by the U.S. federal and state
governments and adopted by private businesses in response to the
COVID-19 pandemic;
- Economic and
Market Conditions Risks, including risks related to changes in the
U.S. economy in general and in the local economies in which HTLF
conducts its operations and future civil unrest, natural disasters,
pandemics, persistent inflation, supply chain issues, labor
shortages, terrorist threats or acts of war;
- Credit Risks,
including risks of increasing credit losses due to deterioration in
the financial condition of HTLF's borrowers, changes in asset and
collateral values and climate and other borrower industry risks
which may impact the provision for credit losses and net
charge-offs;
- Liquidity and
Interest Rate Risks, including the impact of capital market
conditions, rising interest rates and changes in monetary policy on
our borrowings and net interest income;
- Operational
Risks, including processing, information systems, cybersecurity,
vendor, business interruption, and fraud risks;
- Strategic and
External Risks, including competitive forces impacting our business
and strategic acquisition risks;
- Legal,
Compliance and Reputational Risks, including regulatory and
litigation risks; and
- Risks of Owning Stock in HTLF,
including stock price volatility and dilution as a result of future
equity offerings and acquisitions.
There can be no assurance that other factors not
currently anticipated by HTLF will not materially and adversely
affect the company’s business, financial condition and results of
operations. In addition, many of these risks and uncertainties are
currently amplified by and may continue to be amplified by the
COVID-19 pandemic and the impact of varying governmental responses
that affect the company’s customers and the economies where they
operate. Additionally, all statements in this release, including
forward-looking statements speak only as of the date they are made.
The company does not undertake and specifically disclaims any
obligation to publicly release the results of any revisions which
may be made to or correct or update any forward-looking statement
to reflect events or circumstances after the date of such
statements or to reflect the occurrence of anticipated or
unanticipated events or to otherwise update any statement in light
of new information or future events. Further information concerning
HTLF and its business, including additional factors that could
materially affect the company’s financial results, is included in
the company’s filings with the SEC.
CONTACT: |
Bryan R. McKeag |
Executive Vice President |
Chief Financial Officer |
563.589.1994 |
bmckeag@htlf.com |
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