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 7.67 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 $5.27M. The average tenure of the management team and the board of directors is 5.6 years and 4.6 years respectively.
Key information
Bruce Lee
Chief executive officer
US$2.8m
Total compensation
| CEO salary percentage | 31.7% |
| CEO tenure | 10yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.6yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
Heartland Financial Offering Attractive 7% Yielding Preferred Shares With Higher Yield Opportunity
Nov 07Heartland Financial: Everything Is Based On The Merger With UMBF
Nov 01Heartland Financial USA: My Heart's Not In It Any More (Rating Downgrade)
Feb 20Heartland Financial: Securities Portfolio Begins To Cause Tangible Damage
Feb 06Heartland Financial USA (NASDAQ:HTLF) Is Paying Out A Larger Dividend Than Last Year
Apr 23
Heartland Financial raises dividend 4% to $0.28
Oct 19Heartland Financial declares $0.27 dividend
Jul 21With EPS Growth And More, Heartland Financial USA (NASDAQ:HTLF) Is Interesting
May 27Is Now The Time To Put Heartland Financial USA (NASDAQ:HTLF) On Your Watchlist?
Feb 02CEO Compensation Analysis
| 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$117m |
Compensation vs Market: Bruce's total compensation ($USD2.80M) is below average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
CEO
Bruce Lee (63 yo)
10yrs
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 |
|---|---|---|---|---|
| President | 10yrs | US$2.80m | 0.20% $ 5.3m | |
| Executive VP | 5yrs | US$869.16k | 0.0055% $ 145.1k | |
| Executive VP & Chief Commercial Officer | 6.2yrs | US$972.54k | 0.038% $ 1.0m | |
| Executive VP & Chief Banking Officer | no data | US$1.07m | 0.034% $ 887.3k | |
| Executive VP & CFO | less than a year | no data | 0.00074% $ 19.5k | |
| Executive VP & COO | 2.9yrs | no data | 0.0025% $ 64.9k | |
| Executive VP | 9yrs | no data | 0.044% $ 1.2m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & Director of Corporate Communications | no data | no data | no data | |
| Executive VP & Head of Retail | no data | no data | 0% $ 0 | |
| Executive VP & Chief HR Officer | 7.1yrs | no data | 0.021% $ 547.1k | |
| Executive VP & Director of Wealth Management | less than a year | no data | 0.0042% $ 109.6k |
5.6yrs
Average Tenure
59yo
Average Age
Experienced Management: HTLF's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.7yrs | US$2.80m | 0.20% $ 5.3m | |
| Independent Chairman | 24yrs | US$195.02k | 0.24% $ 6.2m | |
| Associate Director | less than a year | US$161.88k | 0.23% $ 5.9m | |
| Independent Director | 5.2yrs | US$152.00k | 0.039% $ 1.0m | |
| Independent Director | 11.7yrs | US$152.00k | 0.058% $ 1.5m | |
| Associate Director | less than a year | US$154.33k | 0.65% $ 17.2m | |
| Independent Director | 1.6yrs | US$128.42k | 0.011% $ 281.8k | |
| Independent Director | 4.1yrs | US$142.00k | 0.011% $ 299.5k | |
| Independent Director | 6.5yrs | US$159.06k | 0.040% $ 1.0m | |
| Independent Director | 1.6yrs | US$133.22k | 0.0051% $ 133.3k | |
| Independent Director | 6.1yrs | US$152.00k | 0.016% $ 427.0k | |
| Independent Director | 3.7yrs | US$146.99k | 0.011% $ 294.5k |
4.6yrs
Average Tenure
64yo
Average Age
Experienced Board: HTLF's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 03:26 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Heartland Financial USA, Inc. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Moss | B. Riley Securities, Inc. |
| null null | D.A. Davidson & Co. |
| Jeffrey Rulis | D.A. Davidson & Co. |