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Heartland Financial (HTLF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Heartland Financial (HTLF - Free Report) reported $181.88 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.2%. EPS of $1.22 for the same period compares to $1.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $182.73 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.02%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 62.5% compared to the 59.9% average estimate based on two analysts.
Net Interest Margin: 3.5% versus 3.5% estimated by two analysts on average.
Total nonperforming loans and leases: $94.80 million compared to the $92.34 million average estimate based on two analysts.
Average Balance - Total interest earning assets: $17.60 billion versus $17.74 billion estimated by two analysts on average.
Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
Net Interest Income (FTE): $156.20 million compared to the $154.91 million average estimate based on two analysts.
Trust fees: $5.04 million versus the two-analyst average estimate of $4.99 million.
Total Non Interest Income: $27.66 million versus the two-analyst average estimate of $28.85 million.
Loan servicing income: $0.13 million versus the two-analyst average estimate of $0.18 million.
Income on bank owned life insurance: $1.18 million versus $0.76 million estimated by two analysts on average.
Brokerage and insurance commissions: $0.75 million versus the two-analyst average estimate of $0.72 million.
Service charges and fees net: $17.06 million versus the two-analyst average estimate of $18.72 million.
Shares of Heartland Financial have returned +1.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Heartland Financial (HTLF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Heartland Financial (HTLF - Free Report) reported $181.88 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.2%. EPS of $1.22 for the same period compares to $1.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $182.73 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.02%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 62.5% compared to the 59.9% average estimate based on two analysts.
- Net Interest Margin: 3.5% versus 3.5% estimated by two analysts on average.
- Total nonperforming loans and leases: $94.80 million compared to the $92.34 million average estimate based on two analysts.
- Average Balance - Total interest earning assets: $17.60 billion versus $17.74 billion estimated by two analysts on average.
- Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Net Interest Income (FTE): $156.20 million compared to the $154.91 million average estimate based on two analysts.
- Trust fees: $5.04 million versus the two-analyst average estimate of $4.99 million.
- Total Non Interest Income: $27.66 million versus the two-analyst average estimate of $28.85 million.
- Loan servicing income: $0.13 million versus the two-analyst average estimate of $0.18 million.
- Income on bank owned life insurance: $1.18 million versus $0.76 million estimated by two analysts on average.
- Brokerage and insurance commissions: $0.75 million versus the two-analyst average estimate of $0.72 million.
- Service charges and fees net: $17.06 million versus the two-analyst average estimate of $18.72 million.
View all Key Company Metrics for Heartland Financial here>>>Shares of Heartland Financial have returned +1.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.