Heartland Financial USA Management

Management criteria checks 4/4

Heartland Financial USA's CEO is Bruce Lee, appointed in Jan 2015, has a tenure of 9.83 years. total yearly compensation is $2.80M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $5.80M. The average tenure of the management team and the board of directors is 5.4 years and 4.5 years respectively.

Key information

Bruce Lee

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	31.7%
CEO tenure	9.8yrs
CEO ownership	0.2%
Management average tenure	5.4yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

Heartland Financial Offering Attractive 7% Yielding Preferred Shares With Higher Yield Opportunity

Nov 07

Heartland Financial USA (NASDAQ:HTLF) Is Paying Out A Larger Dividend Than Last Year

Apr 23

Heartland Financial raises dividend 4% to $0.28

Oct 19

Heartland Financial declares $0.27 dividend

Jul 21

With EPS Growth And More, Heartland Financial USA (NASDAQ:HTLF) Is Interesting

May 27

Is Now The Time To Put Heartland Financial USA (NASDAQ:HTLF) On Your Watchlist?

Feb 02

CEO Compensation Analysis

How has Bruce Lee's remuneration changed compared to Heartland Financial USA's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$77m
Jun 30 2024	n/a	n/a	US$61m
Mar 31 2024	n/a	n/a	US$71m
Dec 31 2023	US$3m	US$888k	US$72m
Sep 30 2023	n/a	n/a	US$203m
Jun 30 2023	n/a	n/a	US$211m
Mar 31 2023	n/a	n/a	US$214m
Dec 31 2022	US$3m	US$850k	US$204m
Sep 30 2022	n/a	n/a	US$193m
Jun 30 2022	n/a	n/a	US$192m
Mar 31 2022	n/a	n/a	US$202m
Dec 31 2021	US$3m	US$825k	US$212m
Sep 30 2021	n/a	n/a	US$202m
Jun 30 2021	n/a	n/a	US$194m
Mar 31 2021	n/a	n/a	US$164m
Dec 31 2020	US$2m	US$731k	US$133m
Sep 30 2020	n/a	n/a	US$134m
Jun 30 2020	n/a	n/a	US$123m
Mar 31 2020	n/a	n/a	US$138m
Dec 31 2019	US$2m	US$719k	US$149m
Sep 30 2019	n/a	n/a	US$143m
Jun 30 2019	n/a	n/a	US$143m
Mar 31 2019	n/a	n/a	US$125m
Dec 31 2018	US$1m	US$576k	US$117m
Sep 30 2018	n/a	n/a	US$98m
Jun 30 2018	n/a	n/a	US$86m
Mar 31 2018	n/a	n/a	US$80m
Dec 31 2017	US$1m	US$485k	US$75m

Compensation vs Market: Bruce's total compensation ($USD2.80M) is below average for companies of similar size in the US market ($USD6.60M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.

CEO

Bruce Lee (63 yo)

9.8yrs

Tenure

US$2,802,714

Compensation

Mr. Bruce K. Lee has been the President of Heartland Financial USA, Inc. since January 02, 2015 and has been its Director since May 17, 2017. He has been Chief Executive Officer of Heartland Financial USA,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bruce Lee	President	9.8yrs	US$2.80m	0.20% $ 5.8m
Jay Kim	Executive VP	4.8yrs	US$869.16k	0.0079% $ 227.9k
David Prince	Executive VP & Chief Commercial Officer	6yrs	US$972.54k	0.038% $ 1.1m
Kevin Quinn	Executive VP & Chief Banking Officer	no data	US$1.07m	0.034% $ 977.4k
Kevin Thompson	Executive VP & CFO	less than a year	no data	0.00074% $ 21.4k
Mark Frank	Executive VP & COO	2.8yrs	no data	0.0035% $ 100.8k
Janet Quick	Executive VP	8.8yrs	no data	0.044% $ 1.3m
Michael Flood	Vice President of Investor Relations	no data	no data	no data
Ryan Lund	Senior VP & Director of Corporate Communications	no data	no data	no data
Lo Nestman	Executive VP & Head of Retail	no data	no data	0% $ 0
Deborah Deters	Executive VP & Chief HR Officer	6.9yrs	no data	0.021% $ 602.7k
Angela Kelley	Executive VP & Director of Wealth Management	less than a year	no data	0.0042% $ 120.8k

5.4yrs

Average Tenure

59yo

Average Age

Experienced Management: HTLF's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Lee	President	7.5yrs	US$2.80m	0.20% $ 5.8m
John Schmidt	Independent Chairman	23.8yrs	US$195.02k	0.24% $ 6.9m
Thomas Flynn	Associate Director	less than a year	US$161.88k	0.23% $ 6.5m
Robert Engel	Independent Director	5yrs	US$152.00k	0.039% $ 1.1m
Duane White	Independent Director	11.5yrs	US$152.00k	0.058% $ 1.7m
Martin Schmitz	Associate Director	less than a year	US$154.33k	0.65% $ 18.9m
Margaret Lazo	Independent Director	1.4yrs	US$128.42k	0.011% $ 310.5k
Christopher Hylen	Independent Director	3.9yrs	US$142.00k	0.011% $ 329.9k
Susan Murphy	Independent Director	6.3yrs	US$159.06k	0.040% $ 1.2m
Opal Perry	Independent Director	1.4yrs	US$133.22k	0.0051% $ 146.8k
Jennifer Hopkins	Independent Director	5.9yrs	US$152.00k	0.030% $ 862.7k
Kathryn Unger	Independent Director	3.5yrs	US$146.99k	0.011% $ 324.4k

4.5yrs

Average Tenure

64yo

Average Age

Experienced Board: HTLF's board of directors are considered experienced (4.5 years average tenure).

Heartland Financial USA Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Chairman recently sold US$1.5m worth of stock

Independent Chairman notifies of intention to sell stock

Independent Director recently sold US$268k worth of stock

Independent Director notifies of intention to sell stock

Executive VP & Head of Retail notifies of intention to sell stock

Independent Director recently sold US$250k worth of stock

Recent updates

Independent Chairman recently sold US$1.5m worth of stock

Independent Chairman notifies of intention to sell stock

Heartland Financial Offering Attractive 7% Yielding Preferred Shares With Higher Yield Opportunity

Heartland Financial: Everything Is Based On The Merger With UMBF

Price target increased by 8.7% to US$67.38

Second quarter dividend of US$0.30 announced

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend on Common Stock, Payable on November 26, 2024

Independent Director recently sold US$268k worth of stock

Independent Director notifies of intention to sell stock

Executive VP & Head of Retail notifies of intention to sell stock

New minor risk - Insider selling

Independent Director recently sold US$250k worth of stock

Independent Director notifies of intention to sell stock

Price target increased by 9.8% to US$56.25

Heartland Financial USA, Inc. Reports Net Charge Offs for the Quarter Ended June 30, 2024

New minor risk - Earnings quality

First quarter dividend of US$0.30 announced

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend, Payable on August 27, 2024

Investor sentiment improves as stock rises 17%

Heartland Financial USA, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

Fourth quarter dividend of US$0.30 announced

UMB Financial Reportedly in Talks to Acquire Heartland Financial USA

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend, Payable on May 28, 2024

Heartland Financial USA, Inc. to Report Q1, 2024 Results on May 01, 2024

Heartland Financial USA: My Heart's Not In It Any More (Rating Downgrade)

Heartland Financial: Securities Portfolio Begins To Cause Tangible Damage

Upcoming dividend of US$0.30 per share at 3.5% yield

New minor risk - Profit margin trend

Third quarter dividend of US$0.30 announced

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend, Payable on February 27, 2024

Heartland Financial USA, Inc. to Report Q4, 2023 Results on Jan 29, 2024

Price target increased by 9.2% to US$37.50

Heartland Financial USA, Inc. Announces Chief Financial Officer Changes

Consensus EPS estimates fall by 44%

Upcoming dividend of US$0.30 per share at 4.0% yield

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend, Payable on November 29, 2023

Heartland Financial USA, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$0.30 per share at 3.6% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Heartland Financial USA, Inc. Approves Quarterly Cash Dividend, Payable on August 25, 2023

Heartland Financial USA, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Price target decreased by 9.1% to US$37.25

Price target decreased by 8.8% to US$39.00

Investor sentiment improves as stock rises 18%

President recently bought US$138k worth of stock

Upcoming dividend of US$0.30 per share at 4.0% yield

Price target decreased by 7.6% to US$42.75

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Heartland Financial USA (NASDAQ:HTLF) Is Paying Out A Larger Dividend Than Last Year

Price target decreased by 11% to US$46.25

Price target decreased by 8.8% to US$49.00

President exercised options and sold US$114k worth of stock

Investor sentiment deteriorates as stock falls 21%

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Director notifies of intention to sell stock

Director recently sold US$201k worth of stock

Upcoming dividend of US$0.30 per share at 2.4% yield

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Heartland Financial USA, Inc. Increases Quarterly Cash Dividend, Payable on February 28, 2023

Heartland Financial USA, Inc. to Report Q4, 2022 Results on Jan 30, 2023

Upcoming dividend of US$0.28 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations

Heartland Financial USA, Inc. Announces Impairment Charges for the Quarter Ended September 30, 2022

Heartland Financial USA, Inc. Announces Quarterly Cash Dividend, Payable on November 29, 2022

Heartland Financial raises dividend 4% to $0.28

Heartland Financial USA, Inc. to Report Q3, 2022 Results on Oct 31, 2022

President recently bought US$92k worth of stock

Upcoming dividend of US$0.27 per share