Heartland Financial USA Inc
Heartland Financial USA, Inc., a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits. It offers loans, inc… Read more
Heartland Financial USA Inc (HTLF) - Net Assets
Latest net assets as of September 2024: $2.14 Billion USD
Based on the latest financial reports, Heartland Financial USA Inc (HTLF) has net assets worth $2.14 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.27 Billion) and total liabilities ($16.13 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.14 Billion |
| % of Total Assets | 11.71% |
| Annual Growth Rate | 13.06% |
| 5-Year Change | 22.49% |
| 10-Year Change | 289.49% |
| Growth Volatility | 11.84 |
Heartland Financial USA Inc - Net Assets Trend (1996–2023)
This chart illustrates how Heartland Financial USA Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heartland Financial USA Inc (1996–2023)
The table below shows the annual net assets of Heartland Financial USA Inc from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.93 Billion | +11.42% |
| 2022-12-31 | $1.74 Billion | -20.49% |
| 2021-12-31 | $2.18 Billion | +4.95% |
| 2020-12-31 | $2.08 Billion | +31.75% |
| 2019-12-31 | $1.58 Billion | +19.09% |
| 2018-12-31 | $1.33 Billion | +33.66% |
| 2017-12-31 | $991.46 Million | +33.82% |
| 2016-12-31 | $740.92 Million | +11.72% |
| 2015-12-31 | $663.17 Million | +33.62% |
| 2014-12-31 | $496.32 Million | +12.94% |
| 2013-12-31 | $439.46 Million | +8.79% |
| 2012-12-31 | $403.96 Million | +14.47% |
| 2011-12-31 | $352.89 Million | +6.36% |
| 2010-12-31 | $331.78 Million | +5.31% |
| 2009-12-31 | $315.06 Million | +3.09% |
| 2008-12-31 | $305.60 Million | +32.53% |
| 2007-12-31 | $230.60 Million | +9.96% |
| 2006-12-31 | $209.71 Million | +11.66% |
| 2005-12-31 | $187.81 Million | +6.84% |
| 2004-12-31 | $175.78 Million | +24.74% |
| 2003-12-31 | $140.92 Million | +13.61% |
| 2002-12-31 | $124.04 Million | +15.83% |
| 2001-12-31 | $107.09 Million | +11.38% |
| 2000-12-31 | $96.15 Million | +11.02% |
| 1999-12-31 | $86.60 Million | +2.76% |
| 1998-12-31 | $84.27 Million | +8.36% |
| 1997-12-31 | $77.77 Million | +10.69% |
| 1996-12-31 | $70.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heartland Financial USA Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2059.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.14 Billion | 59.05% |
| Common Stock | $42.69 Million | 2.21% |
| Other Comprehensive Income | $-452.52 Million | -23.41% |
| Other Components | $1.20 Billion | 62.15% |
| Total Equity | $1.93 Billion | 100.00% |
Heartland Financial USA Inc Competitors by Market Cap
The table below lists competitors of Heartland Financial USA Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hand Enterprise Solutions Co
SHE:300170
|
$2.72 Billion |
|
Black Stone Minerals LP
NYSE:BSM
|
$2.73 Billion |
|
Wuhan Jingce Electronic Technology Co Ltd
SHE:300567
|
$2.73 Billion |
|
Fastly, Inc. Class A Common Stock
NYSE:FSLY
|
$2.73 Billion |
|
Danieli & C. Officine Meccaniche S.p.A
F:DAS
|
$2.72 Billion |
|
Nh Investment And Securities 1p
KO:005945
|
$2.72 Billion |
|
Cactus Inc
NYSE:WHD
|
$2.72 Billion |
|
Sotera Health Co
NASDAQ:SHC
|
$2.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heartland Financial USA Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,735,055,000 to 1,933,117,000, a change of 198,062,000 (11.4%).
- Net income of 79,920,000 contributed positively to equity growth.
- Dividend payments of 59,151,000 reduced retained earnings.
- Share repurchases of 490,796,000 reduced equity.
- New share issuances of 2,506,000 increased equity.
- Other comprehensive income increased equity by 167,489,000.
- Other factors increased equity by 498,094,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.92 Million | +4.13% |
| Dividends Paid | $59.15 Million | -3.06% |
| Share Repurchases | $490.80 Million | -25.39% |
| Share Issuances | $2.51 Million | +0.13% |
| Other Comprehensive Income | $167.49 Million | +8.66% |
| Other Changes | $498.09 Million | +25.77% |
| Total Change | $- | 11.42% |
Book Value vs Market Value Analysis
This analysis compares Heartland Financial USA Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.00x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $4.97 | $64.67 | x |
| 1997-12-31 | $5.42 | $64.67 | x |
| 1998-12-31 | $5.85 | $64.67 | x |
| 1999-12-31 | $5.91 | $64.67 | x |
| 2000-12-31 | $6.55 | $64.67 | x |
| 2001-12-31 | $7.38 | $64.67 | x |
| 2002-12-31 | $8.42 | $64.67 | x |
| 2003-12-31 | $9.23 | $64.67 | x |
| 2004-12-31 | $10.94 | $64.67 | x |
| 2005-12-31 | $11.24 | $64.67 | x |
| 2006-12-31 | $12.53 | $64.67 | x |
| 2007-12-31 | $13.89 | $64.67 | x |
| 2008-12-31 | $18.67 | $64.67 | x |
| 2009-12-31 | $19.13 | $64.67 | x |
| 2010-12-31 | $19.99 | $64.67 | x |
| 2011-12-31 | $21.13 | $64.67 | x |
| 2012-12-31 | $23.93 | $64.67 | x |
| 2013-12-31 | $25.17 | $64.67 | x |
| 2014-12-31 | $26.48 | $64.67 | x |
| 2015-12-31 | $29.56 | $64.67 | x |
| 2016-12-31 | $28.37 | $64.67 | x |
| 2017-12-31 | $33.10 | $64.67 | x |
| 2018-12-31 | $39.90 | $64.67 | x |
| 2019-12-31 | $43.76 | $64.67 | x |
| 2020-12-31 | $55.66 | $64.67 | x |
| 2021-12-31 | $51.45 | $64.67 | x |
| 2022-12-31 | $40.70 | $64.67 | x |
| 2023-12-31 | $45.17 | $64.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heartland Financial USA Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.44%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 10.04x
- Recent ROE (4.13%) is below the historical average (9.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 11.39% | 91.27% | 0.01x | 10.48x | $980.10K |
| 1997 | 10.95% | 86.50% | 0.01x | 10.96x | $737.80K |
| 1998 | 10.70% | 49.44% | 0.02x | 11.32x | $594.00K |
| 1999 | 9.47% | 13.97% | 0.05x | 13.67x | $-460.00K |
| 2000 | 9.97% | 13.40% | 0.05x | 15.25x | $-28.60K |
| 2001 | 10.66% | 14.23% | 0.05x | 15.35x | $705.00K |
| 2002 | 15.21% | 20.75% | 0.05x | 14.40x | $6.46 Million |
| 2003 | 12.57% | 18.13% | 0.05x | 14.32x | $3.63 Million |
| 2004 | 11.52% | 17.61% | 0.04x | 14.96x | $2.67 Million |
| 2005 | 12.10% | 16.90% | 0.05x | 15.01x | $3.94 Million |
| 2006 | 11.97% | 18.53% | 0.04x | 14.58x | $4.13 Million |
| 2007 | 11.12% | 18.14% | 0.04x | 14.15x | $2.57 Million |
| 2008 | 3.69% | 7.48% | 0.04x | 11.88x | $-19.27 Million |
| 2009 | 2.10% | 3.56% | 0.05x | 12.85x | $-24.67 Million |
| 2010 | 7.26% | 12.23% | 0.05x | 12.15x | $-9.01 Million |
| 2011 | 1.78% | 11.18% | 0.01x | 12.16x | $-28.77 Million |
| 2012 | 12.26% | 19.78% | 0.05x | 12.42x | $9.09 Million |
| 2013 | 8.37% | 14.94% | 0.04x | 13.48x | $-7.16 Million |
| 2014 | 8.44% | 14.80% | 0.05x | 12.19x | $-7.73 Million |
| 2015 | 9.05% | 17.77% | 0.04x | 11.60x | $-6.28 Million |
| 2016 | 10.84% | 19.75% | 0.05x | 11.13x | $6.26 Million |
| 2017 | 7.59% | 17.51% | 0.04x | 9.90x | $-23.87 Million |
| 2018 | 8.83% | 22.46% | 0.05x | 8.61x | $-15.52 Million |
| 2019 | 9.45% | 26.19% | 0.04x | 8.37x | $-8.68 Million |
| 2020 | 6.63% | 22.73% | 0.03x | 8.61x | $-69.99 Million |
| 2021 | 10.08% | 31.92% | 0.04x | 8.83x | $1.71 Million |
| 2022 | 12.23% | 29.16% | 0.04x | 11.67x | $38.67 Million |
| 2023 | 4.13% | 14.44% | 0.03x | 10.04x | $-113.39 Million |
Industry Comparison
This section compares Heartland Financial USA Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heartland Financial USA Inc (HTLF) | $2.14 Billion | 11.39% | 7.54x | $2.72 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |