Stock Analysis
- United States
- /
- Banks
- /
- NasdaqGS:HTLF
Heartland Financial USA Third Quarter 2023 Earnings: Revenues Disappoint
Heartland Financial USA (NASDAQ:HTLF) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$171.4m (down 4.2% from 3Q 2022).
- Net income: US$46.1m (down 16% from 3Q 2022).
- Profit margin: 27% (down from 31% in 3Q 2022).
- EPS: US$1.08 (down from US$1.28 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heartland Financial USA Revenues Disappoint
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Heartland Financial USA, and understanding this should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Heartland Financial USA is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:HTLF
Heartland Financial USA
A bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States.