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Here's What Key Metrics Tell Us About Heartland Financial (HTLF) Q4 Earnings
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For the quarter ended December 2023, Heartland Financial (HTLF - Free Report) reported revenue of $44.34 million, down 77.3% over the same period last year. EPS came in at $1.06, compared to $1.37 in the year-ago quarter.
The reported revenue represents a surprise of -75.18% over the Zacks Consensus Estimate of $178.6 million. With the consensus EPS estimate being $1.07, the EPS surprise was -0.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heartland Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 293.9% versus 61.4% estimated by two analysts on average.
Net Interest Margin: 3.5% versus 3.3% estimated by two analysts on average.
Average Balance - Total interest earning assets: $17.85 billion compared to the $18.22 billion average estimate based on two analysts.
Net charge-offs to average loans: 0% versus 0.1% estimated by two analysts on average.
Net Interest Income (FTE): $158.20 million versus the two-analyst average estimate of $148.75 million.
Trust fees: $4.91 million compared to the $4.80 million average estimate based on two analysts.
Net gains on sale of loans held for sale: $0.09 million versus the two-analyst average estimate of $0.78 million.
Loan servicing income: $0.16 million versus $0.29 million estimated by two analysts on average.
Service charges and fees net: $18.71 million versus $18.49 million estimated by two analysts on average.
Income on bank owned life insurance: $0.73 million versus the two-analyst average estimate of $0.88 million.
Brokerage and insurance commissions: $0.73 million versus $0.70 million estimated by two analysts on average.
Total Non Interest Income: -$111.80 million compared to the $29.38 million average estimate based on two analysts.
Shares of Heartland Financial have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Heartland Financial (HTLF) Q4 Earnings
For the quarter ended December 2023, Heartland Financial (HTLF - Free Report) reported revenue of $44.34 million, down 77.3% over the same period last year. EPS came in at $1.06, compared to $1.37 in the year-ago quarter.
The reported revenue represents a surprise of -75.18% over the Zacks Consensus Estimate of $178.6 million. With the consensus EPS estimate being $1.07, the EPS surprise was -0.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heartland Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 293.9% versus 61.4% estimated by two analysts on average.
- Net Interest Margin: 3.5% versus 3.3% estimated by two analysts on average.
- Average Balance - Total interest earning assets: $17.85 billion compared to the $18.22 billion average estimate based on two analysts.
- Net charge-offs to average loans: 0% versus 0.1% estimated by two analysts on average.
- Net Interest Income (FTE): $158.20 million versus the two-analyst average estimate of $148.75 million.
- Trust fees: $4.91 million compared to the $4.80 million average estimate based on two analysts.
- Net gains on sale of loans held for sale: $0.09 million versus the two-analyst average estimate of $0.78 million.
- Loan servicing income: $0.16 million versus $0.29 million estimated by two analysts on average.
- Service charges and fees net: $18.71 million versus $18.49 million estimated by two analysts on average.
- Income on bank owned life insurance: $0.73 million versus the two-analyst average estimate of $0.88 million.
- Brokerage and insurance commissions: $0.73 million versus $0.70 million estimated by two analysts on average.
- Total Non Interest Income: -$111.80 million compared to the $29.38 million average estimate based on two analysts.
View all Key Company Metrics for Heartland Financial here>>>Shares of Heartland Financial have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.