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Heartland BancCorp

OTCPK:HLAN
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLAN
OTCPK
$165M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Heartland BancCorp operates as the holding company for Heartland Bank that provides various banking products and services to individual and corporate customers in Franklin, Fairfield, and Licking counties of central Ohio. The last earnings update was 3 days ago. More info.


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HLAN Share Price and Events
7 Day Returns
0%
OTCPK:HLAN
-0.4%
US Banks
-0.3%
US Market
1 Year Returns
-11.9%
OTCPK:HLAN
-5.7%
US Banks
3.9%
US Market
HLAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Heartland BancCorp (HLAN) 0% 1.2% -1.2% -11.9% 41.4% 95.2%
US Banks -0.4% 2.3% -0.3% -5.7% 46.2% 45.8%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • HLAN underperformed the Banks industry which returned -5.7% over the past year.
  • HLAN underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
HLAN
Industry
5yr Volatility vs Market

Value

 Is Heartland BancCorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Heartland BancCorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Heartland BancCorp.

OTCPK:HLAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $48.23 * 11.5%
$5.52
Book Value of Equity per Share Median Book Value from the past 5 years. $48.23
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HLAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (27.86%))
0.818
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.818 * 5.96%)
7.6%

Discounted Cash Flow Calculation for OTCPK:HLAN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Heartland BancCorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:HLAN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 7.6%) * $48.23)
$1.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.86 / (7.6% - 2.73%)
$38.13
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $48.23 + $38.13
$86.36
OTCPK:HLAN Discount to Share Price
Calculation Result
Value per share (USD) From above. $86.36
Current discount Discount to share price of $82.00
= -1 x ($82.00 - $86.36) / $86.36
5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Heartland BancCorp is available for.
Intrinsic value
5%
Share price is $82 vs Future cash flow value of $86.36
Current Discount Checks
For Heartland BancCorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Heartland BancCorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Heartland BancCorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Heartland BancCorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Heartland BancCorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HLAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $6.57
OTCPK:HLAN Share Price ** OTCPK (2019-07-19) in USD $82
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Heartland BancCorp.

OTCPK:HLAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:HLAN Share Price ÷ EPS (both in USD)

= 82 ÷ 6.57

12.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland BancCorp is good value based on earnings compared to the US Banks industry average.
  • Heartland BancCorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Heartland BancCorp's expected growth come at a high price?
Raw Data
OTCPK:HLAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:HLAN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.48x ÷ 9.7%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland BancCorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Heartland BancCorp's assets?
Raw Data
OTCPK:HLAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $60.80
OTCPK:HLAN Share Price * OTCPK (2019-07-19) in USD $82
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
OTCPK:HLAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:HLAN Share Price ÷ Book Value per Share (both in USD)

= 82 ÷ 60.80

1.35x

* Primary Listing of Heartland BancCorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland BancCorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Heartland BancCorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Heartland BancCorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Heartland BancCorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Heartland BancCorp expected to grow at an attractive rate?
  • Heartland BancCorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Heartland BancCorp's earnings growth is positive but not above the United States of America market average.
  • Heartland BancCorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HLAN Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HLAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.7%
OTCPK:HLAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HLAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HLAN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 57 16 1
2020-12-31 52 15 1
2019-12-31 48 13 1
OTCPK:HLAN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 44 12
2019-03-31 42 12
2018-12-31 40 14 11
2018-09-30 38 10
2018-06-30 37 10
2018-03-31 36 10
2017-12-31 35 10 9
2017-09-30 33 9
2017-06-30 32 8
2017-03-31 31 8
2016-12-31 31 9 8
2016-09-30 31 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Heartland BancCorp's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Heartland BancCorp's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HLAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Heartland BancCorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HLAN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.60 7.60 7.60 1.00
2020-12-31 7.25 7.25 7.25 1.00
2019-12-31 6.35 6.35 6.35 1.00
OTCPK:HLAN Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 6.57
2019-03-31 6.68
2018-12-31 6.81
2018-09-30 6.39
2018-06-30 6.23
2018-03-31 5.96
2017-12-31 5.56
2017-09-30 5.66
2017-06-30 5.22
2017-03-31 5.10
2016-12-31 5.08
2016-09-30 5.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Heartland BancCorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Heartland BancCorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Heartland BancCorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Heartland BancCorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Heartland BancCorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Heartland BancCorp's year on year earnings growth rate has been positive over the past 5 years.
  • Heartland BancCorp's 1-year earnings growth exceeds its 5-year average (22.4% vs 13.9%)
  • Heartland BancCorp's earnings growth has not exceeded the US Banks industry average in the past year (22.4% vs 39.4%).
Earnings and Revenue History
Heartland BancCorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Heartland BancCorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HLAN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 43.74 12.30 24.32
2019-03-31 41.66 11.86 23.05
2018-12-31 39.72 11.42 21.62
2018-09-30 38.07 10.36 20.52
2018-06-30 36.94 10.05 19.49
2018-03-31 36.04 9.56 18.89
2017-12-31 34.60 8.87 18.18
2017-09-30 33.38 8.98 17.50
2017-06-30 31.99 8.26 17.10
2017-03-31 31.07 8.05 16.54
2016-12-31 30.67 7.99 16.16
2016-09-30 30.79 8.64 15.74
2016-06-30 30.10 8.54 15.24
2016-03-31 29.43 8.36 14.88
2015-12-31 28.64 8.13 14.46
2015-09-30 27.19 6.97 14.45
2015-06-30 26.44 6.65 14.21
2015-03-31 25.61 6.40 13.87
2014-12-31 24.70 6.08 13.56
2014-09-30 25.01 5.83 13.71
2014-06-30 22.82 5.66 12.40
2014-03-31 22.41 5.26 12.38
2013-12-31 22.47 5.22 12.36
2013-09-30 21.43 4.60 12.29
2013-06-30 21.74 4.57 12.65
2013-03-31 21.74 5.63 12.56
2012-12-31 21.75 6.70 12.48
2012-09-30 22.13 7.14 12.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Heartland BancCorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Heartland BancCorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Heartland BancCorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Heartland BancCorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Heartland BancCorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Heartland BancCorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Heartland BancCorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Heartland BancCorp Company Filings, last reported 2 weeks ago.

OTCPK:HLAN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 122.63 43.43 26.48
2019-03-31 118.53 40.90 26.20
2018-12-31 115.03 45.23 9.23
2018-09-30 81.71 59.73 37.91
2018-06-30 80.28 71.57 38.37
2018-03-31 78.38 39.93 31.09
2017-12-31 78.56 40.13 28.18
2017-09-30 77.53 36.35 30.51
2017-06-30 75.35 47.46 26.86
2017-03-31 72.63 35.88 35.30
2016-12-31 71.40 39.92 21.36
2016-09-30 71.86 42.93 40.46
2016-06-30 70.45 39.75 33.73
2016-03-31 68.16 36.12 50.41
2015-12-31 66.66 34.61 36.99
2015-09-30 64.21 23.62 29.74
2015-06-30 62.20 26.12 18.28
2015-03-31 61.89 22.88 31.08
2014-12-31 60.71 28.40 22.56
2014-09-30 59.05 28.74 25.11
2014-06-30
2014-03-31 54.25 31.14 15.94
2013-12-31 54.25 31.14 15.94
2013-09-30 53.75 31.59 16.33
2013-06-30 53.75 31.59 16.33
2013-03-31 55.72 32.99 22.20
2012-12-31 55.72 32.99 22.20
2012-09-30 55.92 28.68 13.13
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Heartland BancCorp has an acceptable proportion of non-loan assets held.
  • Heartland BancCorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Heartland BancCorp are broadly funded by customer deposits.
  • Heartland BancCorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Heartland BancCorp has a sufficient allowance for bad loans.
  • Heartland BancCorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Heartland BancCorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Heartland BancCorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Heartland BancCorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.54%
Current annual income from Heartland BancCorp dividends. Estimated to be 2.63% next year.
If you bought $2,000 of Heartland BancCorp shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Heartland BancCorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Heartland BancCorp's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
Upcoming dividend payment

Purchase Heartland BancCorp before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HLAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HLAN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.24 1.00
2020-12-31 2.16 1.00
2019-12-31 2.08 1.00
OTCPK:HLAN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-19 2.080 2.537
2019-04-17 2.080 2.557
2019-04-11 2.080 2.565
2019-01-25 2.080 2.567
2018-07-17 1.892 2.170
2018-05-03 1.892 2.099
2018-04-10 1.892 2.103
2017-10-18 1.720 2.000
2017-07-19 1.720 2.263
2017-04-18 1.720 2.273
2017-01-17 1.720 2.309
2016-10-26 1.564 2.404
2016-07-26 1.564 2.799
2016-04-20 1.564 2.871
2016-04-06 1.490 3.061
2016-01-20 1.490 3.236
2015-10-20 1.490 3.182
2015-07-23 1.490 3.244
2015-04-21 1.490 3.128
2015-04-02 1.419 3.097
2015-01-21 1.419 3.401
2014-10-23 1.419 3.468
2014-02-24 1.419 3.706
2013-10-18 1.351 3.956
2013-07-15 1.287 3.922
2012-11-30 1.287 3.853
2012-08-01 1.287 4.512
2012-02-02 1.287 4.951
2011-04-25 1.287 4.846
2011-01-26 1.287 4.676
2010-10-18 1.287 5.277
2010-07-21 1.287 5.600
2010-04-12 1.287 5.664
2009-12-31 1.287 6.007
2009-09-01 1.287 6.029
2009-04-15 1.262 5.490
2008-11-05 1.262 6.776

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Heartland BancCorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Heartland BancCorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Heartland BancCorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Heartland BancCorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Heartland BancCorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gregory McComb
TENURE AS CEO 7.3 years
CEO Bio

Mr. Gregory Scott McComb has been the Chairman of Heartland BancCorp., since April 2012 and serves as its Chief Executive Officer and President. Mr. McComb serves as the Chairman, President and Chief Executive Officer of Heartland Bank ("Bank"). As Chairman and Chief Executive Officer, he leads the Bank in strategy, client consulting, personnel development, and public policy. He serves on many industry boards and not-for-profit boards while being committed to the future of community banking on a national scale through his work with the ICBA. He was promoted to Executive Vice President and Chief Operating Officer in 2004, President in September 2008, Chief Executive Officer in 2009, and Chairman in 2011. He has been with Heartland for ten years. He served as the Chief Executive Officer and President at Heartland Bank (Leawood, KS), a subsidiary of Heartland Bancorp. Mr. McComb served as Vice Chairman and President of Heartland Bancorp. (Also known as Heartland BancCorp) until April 25, 2012. He served as Executive Vice President and Chief Operating Officer of Heartland Bank. He served as Vice President and Director of Internet Banking and Performance Culture of Heartland Bank. He joined Heartland Bank in 1999 as Assistant Vice President and Director of Internet banking. He served as Vice President and Bank Security Officer at Heartland Bank since 2001 and it’s Senior Vice President of Customer Relationship Management since 2003. He was President and Owner of P.F.M Alert Systems and Vice President of Vector Security. Mr. McComb serves as the Chairman of the Board of Heartland Bank and Heartland Bancorp. Since April 25, 2012. He has been the Chairman of the Board of ICBA Bancard Inc. since June 28, 2017. He serves as the Chairman of the Board of Heartland Bank (Gahanna, OH). He served as the Chairman of the Board of Heartland Bank (Leawood, KS) since April 2012. Mr. McComb has been a Director of Heartland BanCorp. And Heartland Bank (Gahanna, OH) since March 2008. He serves as a Director of ICBA Bancard Inc. Mr. McComb served on the bank's Advisory Board for several years. Mr. McComb is a graduate of The Ohio State University, The Graduate School of Banking at the University of Wisconsin and the Graduate School of Banking at the Louisiana State University.

CEO Compensation
  • Insufficient data for Gregory to compare compensation growth.
  • Insufficient data for Gregory to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Gregory McComb

TITLE
Chairman & CEO
TENURE
7.3 yrs

Jay Eggspuehler

TITLE
Vice Chairman of the Board

Brian Mauntel

TITLE
President & COO
TENURE
0.2 yrs

Jennifer Eckert

TITLE
Investor Relations Contact

Jodi Garrison

TITLE
Secretary & Director

Carrie Almendinger

TITLE
Treasurer
Board of Directors Tenure

Average tenure of the Heartland BancCorp board of directors in years:

7.5
Average Tenure
  • The tenure for the Heartland BancCorp board of directors is about average.
Board of Directors

Gregory McComb

TITLE
Chairman & CEO
TENURE
7.3 yrs

Jay Eggspuehler

TITLE
Vice Chairman of the Board
TENURE
7.3 yrs

Jodi Garrison

TITLE
Secretary & Director
TENURE
15.3 yrs

George Smith

TITLE
Director

Bill Dodson

TITLE
Director
TENURE
8.3 yrs

Robert Overs

TITLE
Director
TENURE
7.5 yrs

Gary Paine

TITLE
Director
TENURE
7.5 yrs

Richard Vincent

TITLE
Director
TENURE
7.5 yrs

Bill Schottenstein

TITLE
Director
TENURE
5.3 yrs

Beverly Donaldson

TITLE
Director
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Heartland BancCorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Heartland BancCorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Heartland BancCorp operates as the holding company for Heartland Bank that provides various banking products and services to individual and corporate customers in Franklin, Fairfield, and Licking counties of central Ohio. The company offers commercial, small business, and consumer banking services. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company’s loan portfolio comprises mortgage loans; personal loans, such as vehicle loans, home equity loans, and personal unsecured loans; and commercial real estate and construction loans, small business loans, and working capital loans and equipment financing. It also offers credit cards, wire transfers, night depository, safe deposit boxes, cashier's checks, notary services, overdraft protection, retirement planning, wealth management, and online banking services. In addition, the company provides agribusiness lending solutions; alternative investment services; and insurance services comprising life insurance, long-term care insurance, and disability insurance. As of December 19, 2018, it operated 15 full-service banking offices. The company was founded in 1911 and is based in Whitehall, Ohio.

Details
Name: Heartland BancCorp
HLAN
Exchange: OTCPK
Founded: 1911
$165,407,366
2,017,163
Website: http://www.heartland.bank
Address: Heartland BancCorp
430 North Hamilton Road,
Whitehall,
Ohio, 43213,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK HLAN Common Stock Pink Sheets LLC US USD 12. Oct 1995
Number of employees
Current staff
Staff numbers
192
Heartland BancCorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:42
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/07/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.