Heartland Banccorp
Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. The company offers personal and business checking and savings accounts. It also provides various lending solutions comprising agricultural loans, commercial and business lending, home and personal loans, and title services. In addit… Read more
Heartland Banccorp (HLAN) - Net Assets
Latest net assets as of September 2024: $175.87 Million USD
Based on the latest financial reports, Heartland Banccorp (HLAN) has net assets worth $175.87 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.94 Billion) and total liabilities ($1.76 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 | $175.87 Million |
| % of Total Assets | 9.06% |
| Annual Growth Rate | 10.22% |
| 5-Year Change | 26.59% |
| 10-Year Change | 167.72% |
| Growth Volatility | 12.65 |
Heartland Banccorp - Net Assets Trend (2012–2023)
This chart illustrates how Heartland Banccorp'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 Banccorp (2012–2023)
The table below shows the annual net assets of Heartland Banccorp from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $162.53 Million | +12.94% |
| 2022-12-31 | $143.91 Million | -6.04% |
| 2021-12-31 | $153.16 Million | +8.70% |
| 2020-12-31 | $140.90 Million | +9.74% |
| 2019-12-31 | $128.39 Million | +11.62% |
| 2018-12-31 | $115.03 Million | +46.43% |
| 2017-12-31 | $78.56 Million | +10.02% |
| 2016-12-31 | $71.40 Million | +7.11% |
| 2015-12-31 | $66.66 Million | +9.80% |
| 2014-12-31 | $60.71 Million | +11.91% |
| 2013-12-31 | $54.25 Million | -2.65% |
| 2012-12-31 | $55.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heartland Banccorp'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 268.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $120.06 Million | 73.87% |
| Other Components | $42.47 Million | 26.13% |
| Total Equity | $162.53 Million | 100.00% |
Heartland Banccorp Competitors by Market Cap
The table below lists competitors of Heartland Banccorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FB Bancorp, Inc. Common Stock
NASDAQ:FBLA
|
$192.45 Million |
|
DRB - Hicom Bhd
KLSE:1619
|
$192.48 Million |
|
Kepler Weber S.A
SA:KEPL3
|
$192.56 Million |
|
Chongqing Constr Engineering
SHG:600939
|
$192.58 Million |
|
MEDIPOST Co. Ltd
KQ:078160
|
$192.41 Million |
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
$192.35 Million |
|
Evans Bancorp Inc
NYSE MKT:EVBN
|
$192.32 Million |
|
D&L Industries Inc
PINK:DALQF
|
$192.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heartland Banccorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 143,908,000 to 162,532,000, a change of 18,624,000 (12.9%).
- Net income of 19,516,000 contributed positively to equity growth.
- Dividend payments of 5,976,000 reduced retained earnings.
- Other factors increased equity by 5,084,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.52 Million | +12.01% |
| Dividends Paid | $5.98 Million | -3.68% |
| Other Changes | $5.08 Million | +3.13% |
| Total Change | $- | 12.94% |
Book Value vs Market Value Analysis
This analysis compares Heartland Banccorp'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: 2.04x
- 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 3.37x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $48.77 | $164.50 | x |
| 2018-12-31 | $57.08 | $164.50 | x |
| 2019-12-31 | $63.55 | $164.50 | x |
| 2020-12-31 | $70.70 | $164.50 | x |
| 2021-12-31 | $76.42 | $164.50 | x |
| 2022-12-31 | $71.63 | $164.50 | x |
| 2023-12-31 | $80.66 | $164.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heartland Banccorp 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): 12.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.56%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.59x
- Recent ROE (12.01%) is above the historical average (11.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 12.02% | 22.80% | 0.05x | 10.38x | $1.13 Million |
| 2013 | 9.62% | 18.28% | 0.05x | 10.70x | $-208.70K |
| 2014 | 10.02% | 21.11% | 0.04x | 10.70x | $10.10K |
| 2015 | 12.19% | 28.38% | 0.04x | 10.94x | $1.46 Million |
| 2016 | 11.19% | 25.51% | 0.04x | 10.94x | $848.24K |
| 2017 | 11.30% | 24.86% | 0.04x | 11.47x | $1.02 Million |
| 2018 | 9.92% | 27.69% | 0.04x | 9.10x | $-87.80K |
| 2019 | 10.28% | 27.36% | 0.04x | 8.68x | $357.00K |
| 2020 | 10.48% | 24.43% | 0.04x | 10.98x | $677.40K |
| 2021 | 12.14% | 28.69% | 0.04x | 9.59x | $3.28 Million |
| 2022 | 12.56% | 26.43% | 0.04x | 11.56x | $3.68 Million |
| 2023 | 12.01% | 26.56% | 0.04x | 11.59x | $3.26 Million |
Industry Comparison
This section compares Heartland Banccorp'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 Banccorp (HLAN) | $175.87 Million | 12.02% | 10.03x | $192.42 Million |
| 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 |