Private company

HEARTLAND FINANCIAL USA INC

HEARTLAND FINANCIAL USA INC is an American state commercial bank based in Denver, incorporated in Delaware.2

Last updated Oct 20, 2026.

Overview

  • IndustryState Commercial Banks2
  • HeadquartersDenver, United States2
  • Incorporated inDE3
  • Business address1800 Larimer Street, Suite 1800, Denver, Co 802023
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI549300QF7B0DFZT32C732
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 23407972

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Heartland Financial USA, Inc. (its subsidiaries and affiliates referred to herein as "HTLF," "we," "us," or "our") is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "BHCA"), that was originally formed in the state of Iowa in 1981 and reincorporated in the State of Delaware in 1993. HTLF's headquarters are located at 1800 Larimer Street, Suite 1800, Denver, Colorado. Our website address is www.htlf.com . You can access, free of charge, our filings with the SEC, including our Annual Report on Form 10-K, our quarterly reports on Form 10-Q, current reports on Form 8-K and any other amendments to those reports, at our website under the Investor Relations tab, or at the SEC website at www.sec.gov . Proxy materials for our upcoming 2024 Annual Meeting of Stockholders will be available electronically via a link on our website at www.htlf.com .5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

81.9%Net margin6
4.2%Revenue growth, 20236
4.1%Return on equity6
0.19×Debt to equity6
$273.3MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Interest78¢$352.6M
  • Income tax4¢$16.9M
  • Profit18¢$79.9M

Out of $97.5M in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending3¢$7.1M
  • Dividends paid21¢$59.2M
  • Kept or used elsewhere76¢$214.1M

Out of $280.3M of cash from operations.6

Financial statements

Revenue789106$97.5M in 2023+65% since 2017
0$25.0M$50.0M$75.0M$100.0M2017: $59.0M$59.0M20172018: $71.6M$71.6M2018+21%2019: $75.3M$75.3M2019+5%2020: $71.1M$71.1M2020−6%2021: $87.7M$87.7M2021+23%2022: $93.6M$93.6M2022+7%2023: $97.5M$97.5M2023+4%
Net income789106$79.9M in 2023+6% since 2017
0$100.0M$200.0M$300.0M2017: $75.3M$75.3M20172018: $117.0M$117.0M2018+55%2019: $149.1M$149.1M2019+27%2020: $137.9M$137.9M2020−8%2021: $219.9M$219.9M2021+59%2022: $212.2M$212.2M2022−4%2023: $79.9M$79.9M2023−62%
Fiscal year2017201820192020202120222023
Revenue$59.0M7$71.6M8$75.3M9$71.1M10$87.7M6$93.6M6$97.5M6
Interest$33.4M7$51.9M8$80.6M9$44.9M10$28.2M6$76.4M6$352.6M6
Income before tax$275.3M6$267.8M6$96.8M6
Income tax$43.8M7$28.2M8$35.0M9$36.1M10$55.3M6$55.6M6$16.9M6
Net income$75.3M7$117.0M8$149.1M9$137.9M10$219.9M6$212.2M6$79.9M6
Earnings per share$2.677$3.548$4.149$3.5810$5.016$4.806$1.686
Earnings per share (diluted)$2.657$3.528$4.149$3.5710$5.006$4.796$1.686
Shares (weighted, basic)42.3M shares642.5M shares642.7M shares6
Shares (weighted, diluted)42.4M shares642.6M shares642.8M shares6

Compare HEARTLAND FINANCIAL USA INC with another company

Corporate structure

HEARTLAND FINANCIAL USA INC sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HEARTLAND FINANCIAL USA INC

  • EARNEST PARTNERS LLC Filed SCHEDULE 13G/A on HEARTLAND FINANCIAL USA INC, latest May 15, 2025 (4 filings since Feb 8, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on HEARTLAND FINANCIAL USA INC, latest Apr 15, 2025 (4 filings since Feb 10, 2023)
  • VANGUARD GROUP INC Filed SC 13G/A on HEARTLAND FINANCIAL USA INC, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • Lynn B. Fuller Filed SC 13D/A on HEARTLAND FINANCIAL USA INC, latest Dec 16, 2022 (3 filings since Mar 8, 2022)
  • HEARTLAND FINANCIAL USA INC Denver, Colorado, United States
    • 2. HTLF Bank, a Colorado state bank with its main office located in Denver, Subsidiary · Colorado, United States
    • The Bank of Commerce Subsidiary · White Castle, Louisiana, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HEARTLAND FINANCIAL USA INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$278.1M6 Dec 31, 2023$295.9M6 Dec 31, 2022−6.0%
Accumulated depreciation$101.1M6 Dec 31, 2023$105.4M6 Dec 31, 2022−4.1%
Property and equipment, net$177.0M6 Dec 31, 2023$190.5M6 Dec 31, 2022−7.1%
Operating-lease assets (leased space)$25.9M6 Dec 31, 2023$29.4M6 Dec 31, 2022−12.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$323.0M6 Dec 31, 2023$363.1M6 Dec 31, 2022−11.0%
Equity securities at fair value$20.3M10 Dec 31, 2022$20.8M9 Dec 31, 2021−2.3%
Loans, net of allowance$11.9B6 Dec 31, 2023$11.3B6 Dec 31, 2022+5.5%
Deposits held (banks)$16.2B6 Dec 31, 2023$17.5B6 Dec 31, 2022−7.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$576.0M6 Dec 31, 2023$576.0M6 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$18.4M6 Dec 31, 2023$33.0M6 Dec 31, 2022−44.2%
Finite-lived intangibles, gross$101.2M6 Dec 31, 2023$114.9M6 Dec 31, 2022−11.9%
Accumulated amortization$82.8M6 Dec 31, 2023$81.9M6 Dec 31, 2022+1.1%
Finite-lived intangibles, net$33.0M10 Dec 31, 2022$39.9M9 Dec 31, 2021−17.3%

Leadership

Who has led HEARTLAND FINANCIAL USA INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lynn B. Fuller2006–2019
  2. Lynn Heitz Fuller2019–2021

Chair

  1. Lynn B. Fuller2015–2022

President

  1. Lynn B. Fuller2006–2015
  2. Lynn Heitz Fuller2019–2021

Chief financial officer

  1. John K. Schmidt2006–2013
  2. David L. Horstmann2013–2014
  3. Bryan McKeag2013–2023
  4. Kevin L. Thompson2024–2025

Chief operating officer

  1. Mark E. Frank2022–2023
2010201520202025
Board members and other officers (43)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2. HTLF Bank, a Colorado state bank with its main office located in Denver, Colorado4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Feb 3, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights66
  2. Jan 28, 20258-K Results of operations67
  3. Jan 10, 20258-K Other events68
  4. Jan 2, 20258-K Regulation FD disclosure69
  5. Dec 30, 20248-K Executive or director change70
  6. Oct 29, 20248-K Results of operations71
  7. Oct 24, 20248-K Regulation FD disclosure72
  8. Aug 9, 20248-K Executive or director change73
  9. Aug 7, 20248-K Shareholder vote74
  10. Jul 30, 20248-K Results of operations75
  11. Jul 26, 20248-K Other events76
  12. Jul 25, 20248-K Regulation FD disclosure77
  13. Mar 12, 2019New chief executive Lynn Heitz Fuller becomes CEO17
  14. Mar 29, 2013Founded HEARTLAND FINANCIAL USA INC is founded2
  15. Feb 6, 2006New chief executive Lynn B. Fuller becomes CEO18

Calendar

When it reported results

  1. Jan 28, 2025Reported quarterly or annual results67
  2. Oct 29, 2024Reported quarterly or annual results71
  3. Jul 30, 2024Reported quarterly or annual results75
  4. Apr 29, 2024Reported quarterly or annual results78
  5. Jan 29, 2024Reported quarterly or annual results79
  6. Oct 30, 2023Reported quarterly or annual results80
  7. Jul 31, 2023Reported quarterly or annual results81
  8. Apr 24, 2023Reported quarterly or annual results82

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

409 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 67 major events, 240 insider forms, 20 large holders, 68 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. Apr 15, 2025SCHEDULE 13G/A EDGAR
  3. Feb 10, 202515-12G EDGAR
  4. Feb 4, 20254 EDGAR
  5. Feb 4, 20254 EDGAR
  6. Feb 4, 20254 EDGAR
  7. Feb 4, 20254 EDGAR
  8. Feb 4, 20254 EDGAR
  9. Feb 4, 20254 EDGAR
  10. Feb 4, 20254 EDGAR
  11. Feb 4, 20254 EDGAR
  12. Feb 4, 20254 EDGAR
  13. Feb 4, 20254 EDGAR
  14. Feb 4, 20254 EDGAR
  15. Feb 4, 20254 EDGAR
  16. Feb 4, 20254 EDGAR
  17. Feb 3, 20258-K EDGAR
  18. Feb 3, 2025POSASR EDGAR
  19. Feb 3, 2025POSASR EDGAR
  20. Feb 3, 2025S-8 POS EDGAR

The 409 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 18 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 9, 2024Hopkins Jennifer KDirectorSale5,811$67.56$392.6KForm 4
Nov 22, 2024Frank Mark AEVP, Chief Operations OfficerSale432$67.24$29.0KForm 4
Nov 15, 2024Hopkins Jennifer KDirectorSale1,189$66.55$79.1KForm 4
Nov 11, 2024SCHMIDT JOHN KDirectorSale22,500$68.32$1.5MForm 4
Nov 7, 2024Quick Janet MEVP, Principal Acctg OfficerSale1,291$67.36$87.0KForm 4
Sep 10, 2024Hylen ChristopherDirectorSale4,000$54.41$217.6KForm 4
Aug 30, 2024Kahn Robert SEVP, Chief Strategy OfficerSale1,012$55.55$56.2KForm 4
Aug 30, 2024White Duane EDirectorSale4,861$55.13$268.0KForm 4
Aug 9, 2024Nestman Lo B.EVP, Head of Retail, Mktg & PBSale4,389$50.14$220.1KForm 4
Aug 2, 2024Hopkins Jennifer KDirectorSale5,000$50.06$250.3KForm 4
Aug 2, 2024Unger Kathryn GDirectorSale1,396$49.90$69.7KForm 4
Jun 30, 2024Nestman Lo B.EVP, Head of Retail, Mktg & PBBuy268$39.42$10.6KForm 4
Jun 30, 2024Thompson Kevin LEVP, Chief Financial OfficerBuy317$39.42$12.5KForm 4
Jun 12, 2024Engel Robert BDirectorSale5,928$25.20$149.4KForm 4
Jun 11, 2024Engel Robert BDirectorSale71$25.20$1.8KForm 4
Jun 10, 2024Engel Robert BDirectorSale1$25.20$25Form 4
May 21, 2024Unger Kathryn GDirectorSale2,450$45.59$111.7KForm 4
May 7, 2024Engel Robert BDirectorSale7,600$25.26$192.0KForm 4
Feb 28, 2024Kahn Robert SEVP, Chief Strategy OfficerBuy1,000$33.03$33.0KForm 4
Dec 31, 2023Karrels Kevin CEVP, Head of ConsumerBuy93$34.49$3.2KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How HEARTLAND FINANCIAL USA INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHEARTLAND FINANCIAL USA INC1
  • CIK0000920112
  • Employer ID (EIN)42-14057481
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1800 Larimer Street, Suite 1800, Denver, CO 802021
  • Mailing address700 Locust Street, Fourth Floor, Dubuque, IA 520011
  • Phone56358921001
  • Shares outstanding42,885,498 as of Nov 4, 202413
  • Public float$1.2B as of Jun 30, 20236
  • On EDGAR sinceMay 14, 19961
  • Filings2,064 in all: 4 (1,108), 8-K (352), 10-Q (87), 13F-NT (80), 3 (44), 425 (33), 4/A (31), 10-K (28)1
    All 53 form types

    DEF 14A (28), UPLOAD (24), CORRESP (22), SC 13G/A (22), EFFECT (16), S-4/A (14), 8-K/A (13), SC 13G (13), 144 (12), S-4 (12), 11-K (11), PRE 14A (10), S-8 (9), S-8 POS (9), 424B3 (8), DEFA14A (7), 3/A (6), 5 (6), 424B5 (5), S-3 (5), S-3ASR (5), 10-Q/A (4), FWP (4), 424B2 (3), D (3), POSASR (3), SC 13D/A (3), 8-A12B (2), ARS (2), S-3/A (2), SC 13D (2), SCHEDULE 13G/A (2), SEC STAFF LETTER (2), 10-K/A (1), 13F-NT/A (1), 15-12G (1), 25-NSE (1), 8-A12B/A (1), 8-A12G (1), AW (1), CERT (1), DEFM14A (1), POS AM (1), S-3D (1), S-3DPOS (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2024
    Quarterly report (10-Q) Nov 8, 2024
    Proxy statement (DEF 14A) Apr 9, 2024
    Latest 8-K (8-K) Feb 3, 2025

Sources

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