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Compared to Estimates, Heartland Financial (HTLF) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Heartland Financial (HTLF - Free Report) reported revenue of $176.95 million, down 1.5% over the same period last year. EPS came in at $1.15, compared to $1.14 in the year-ago quarter.
The reported revenue represents a surprise of -3.68% over the Zacks Consensus Estimate of $183.71 million. With the consensus EPS estimate being $1.16, the EPS surprise was -0.86%.
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.
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
: 65.7% versus 59.5% estimated by two analysts on average.
Net charge-offs to average loans
: 0.2% versus 0.1% estimated by two analysts on average.
Total nonperforming loans and leases
: $103.12 million compared to the $94.62 million average estimate based on two analysts.
Net Interest Margin
: 3.7% versus the two-analyst average estimate of 3.6%.
Average Balance - Total interest earning assets
: $17.33 billion versus $17.56 billion estimated by two analysts on average.
Net Interest Income (FTE)
: $160.73 million versus $155.20 million estimated by two analysts on average.
Trust fees
: $5.53 million versus the two-analyst average estimate of $5.11 million.
Total Non Interest Income
: $18.21 million versus the two-analyst average estimate of $29.15 million.
Loan servicing income
: $0.11 million versus the two-analyst average estimate of $0.12 million.
Income on bank owned life insurance
: $1.33 million versus the two-analyst average estimate of $1.19 million.
Brokerage and insurance commissions
: $0.89 million versus the two-analyst average estimate of $0.78 million.
Service charges and fees net
: $16.96 million compared to the $18.63 million average estimate based on two analysts.
Shares of Heartland Financial have returned +20.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Heartland Financial (HTLF) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Heartland Financial (HTLF - Free Report) reported revenue of $176.95 million, down 1.5% over the same period last year. EPS came in at $1.15, compared to $1.14 in the year-ago quarter.
The reported revenue represents a surprise of -3.68% over the Zacks Consensus Estimate of $183.71 million. With the consensus EPS estimate being $1.16, the EPS surprise was -0.86%.
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.
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:
View all Key Company Metrics for Heartland Financial here>>>Efficiency Ratio
: 65.7% versus 59.5% estimated by two analysts on average.Net charge-offs to average loans
: 0.2% versus 0.1% estimated by two analysts on average.Total nonperforming loans and leases
: $103.12 million compared to the $94.62 million average estimate based on two analysts.Net Interest Margin
: 3.7% versus the two-analyst average estimate of 3.6%.Average Balance - Total interest earning assets
: $17.33 billion versus $17.56 billion estimated by two analysts on average.Net Interest Income (FTE)
: $160.73 million versus $155.20 million estimated by two analysts on average.Trust fees
: $5.53 million versus the two-analyst average estimate of $5.11 million.Total Non Interest Income
: $18.21 million versus the two-analyst average estimate of $29.15 million.Loan servicing income
: $0.11 million versus the two-analyst average estimate of $0.12 million.Income on bank owned life insurance
: $1.33 million versus the two-analyst average estimate of $1.19 million.Brokerage and insurance commissions
: $0.89 million versus the two-analyst average estimate of $0.78 million.Service charges and fees net
: $16.96 million compared to the $18.63 million average estimate based on two analysts.Shares of Heartland Financial have returned +20.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.