Heartland Financial USA (NASDAQ:HTLF) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$171.4m (down 4.2% from 3Q 2022).
- Net income: US$46.1m (down 16% from 3Q 2022).
- Profit margin: 27% (down from 31% in 3Q 2022).
- EPS: US$1.08 (down from US$1.28 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heartland Financial USA Revenues Disappoint
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company’s shares are down 2.5% from a week ago.
Risk Analysis
It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 1 warning sign with Heartland Financial USA, and understanding this should be part of your investment process.
Valuation is complex, but we’re helping make it simple.
Find out whether Heartland Financial USA is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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