secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND FINANCIAL USA INC (—)
CIK:        0000920112
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001140361-24-022696
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heartland Financial Q1 net income $49.7M, EPS $1.16; announces Rocky Mountain Bank sale
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- Net income $49.7M ($1.16 diluted EPS); adjusted EPS $1.22, excluding $3.4M in acquisition/restructuring and FDIC special assessment.
- Net interest margin (FTE) 3.57%, up from 3.52% Q4 2023; loan yield 6.63% vs 6.49%.
- Customer deposits grew $9.2M (ex-Rocky Mountain Bank); wholesale deposits reduced by $312.4M.
- Announced sale of Rocky Mountain Bank (9 branches) for pre-tax premium $30-35M; expected close early Q3 2024.
- Nonperforming assets down 11% to $98M (0.51% of assets).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920112/000114036124022696/0001140361-24-022696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920112/000114036124022696/ny20027917x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-022696

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