Our community banks offer a complete portfolio of products and services including commercial loans, treasury management, mortgage, checking and savings accounts, retirement planning services, insurance, credit cards and more. Financial results will be available on the companyâs website on October 26, 2020, after the market closes. For more information, visit illinoisbank.com. This combination brings together two strong community banks with similar cultures, builds further scale for Heartland in Texas and New Mexico, and will create additional value for our shareholders.âAdvisors: In connection with the transaction, Panoramic Capital Advisors, Inc. served as financial advisor to Heartland and Dorsey & Whitney LLP served as Heartlandâs legal counsel. Although these forward-looking statements are based upon the beliefs, expectations and assumptions of Heartland's management, there are a number of factors, many of which are beyond the ability of management to control or predict, that could cause actual results to differ materially from those in its forward-looking statements. Do the numbers hold clues to what lies ahead for the stock? These factors, which are detailed in the risk factors in Heartlandâs Annual Report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the continuation of the COVID-19 pandemic and the measures intended to curtail the spread of COVID-19; (ii) the strength of the local and national economy; (iii) the economic impact of past and any future terrorist threats and attacks and any acts of war, (iv) changes in state and federal laws, regulations and governmental policies as they impact the companyâs general business; (v) changes in interest rates and prepayment rates of the companyâs assets; (vi) increased competition in the financial services sector and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) the potential impact of acquisitions and the companyâs ability to successfully integrate acquired banks; (ix) the loss of key executives or employees; (x) changes in consumer spending; (xi) unexpected outcomes of existing or new litigation involving the company; and (xii) changes in accounting policies and practices. In addition, many of these risks and uncertainties are currently amplified by and may continue to be amplified by the recent outbreak of the COVID-19 pandemic and the impact of varying governmental responses that affect Heartlandâs customers and the economies where they operate. 8. Further information concerning Heartland and its business, including additional factors that could materially affect Heartlandâs financial results, is included in Heartlandâs filings with the SEC.Contact EVP, Chief Financial Officer Bryan R. McKeag BMcKeag@htlf.com 563.589.1994. Since 1998, we have raised $39 million and supported 5.4 million students. HTLF : … The P/E ratio of Heartland Express is 23.36, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 23.39. Heartland currently has 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Relationships have been the core of our company since its founding in 1981. Shares of Heartland Financial (NASDAQ:HTLF) were flat in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share were up 37.23% year over year to $1.29, which beat the estimate of $0.89.Revenue of $153,713,000 rose by 9.23% year over year, which missed the estimate of $156,110,000.Looking Ahead Heartland Financial hasn't issued any earnings guidance for the time being.Heartland Financial hasn't issued any revenue guidance for the time being.Details Of The Call Date: Oct 26, 2020View more earnings on HTLFTime: 05:00 PMET Webcast URL: http://ir.htlf.com/eventRecent Stock Performance 52-week high: $51.85Company's 52-week low was at $25.26Price action over last quarter: Up 10.13%Company Description Heartland Financial USA Inc is a multi-bank holding company that offers a wide range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. The deterioration of the U.S. economy in general and in the local economies in which Heartland conducts its operations; 3. Â HEARTLAND FINANCIAL USA, INC. 3. return on average common equity was 10.90% and return on average assets was 1.19% for the third quarter of 2020, compared to 8.91% and 1.12%, respectively, for the same quarter in 2019. Additional information about Heartland Financial USA, Inc. is available atÂ www.htlf.com.About AdoptAClassroom.org We are a national, award-winning nonprofit that provides the most flexible and accountable funding for K-12 teachers and schools throughout the U.S. Our proprietary, easy-to-use education fundraising platform helps teachers, principals, and administrators give every child the tools they deserve to succeed in school. For more information visit www.dubuquebank.com or call 877.280.1851. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.Contact CEO Jeff Hultman JHultman@illinoisbank.com 815.637.7007, DUBUQUE, Iowa, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Officials of Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that the company plans to broadcast a conference call detailing its Third Quarter 2020 earnings live over the internet at www.htlf.com at 5:00 p.m. Company profile page for Heartland Dental LLC including stock price, company news, press releases, executives, board members, and contact information These forward-looking statements include information about possible or assumed future results of Heartlandâs operations or performance. 2. Â Â For the Quarter Ended September 30,Â For the Nine Months Ended September 30, Â 2020Â 2019Â 2020Â 2019 Average BalancesÂ Â Â Â Â Â Â Assets$15,167,225Â Â Â $12,293,332Â Â Â $14,239,151Â Â Â $11,760,120Â Â Loans, net of unearned9,220,666Â Â Â 7,883,678Â Â Â 8,925,016Â Â Â 7,650,090Â Â Deposits12,650,822Â Â Â 10,253,643Â Â Â 11,972,615Â Â Â 9,803,488Â Â Earning assets13,868,360Â Â Â 11,102,581Â Â Â 12,957,661Â Â Â 10,598,465Â Â Interest bearing liabilities8,320,123Â Â Â 7,174,944Â Â Â 8,106,721Â Â Â 6,891,871Â Â Common equity1,661,381Â Â Â 1,541,369Â Â Â 1,618,811Â Â Â 1,440,754Â Â Total stockholders' equity1,772,086Â Â Â 1,541,369Â Â Â 1,658,006Â Â Â 1,440,754Â Â Tangible common stockholders' equity1,172,891Â Â Â 1,062,568Â Â Â 1,127,642Â Â Â 981,449Â Â Â Â Â Â Â Â Â Â Key Performance RatiosÂ Â Â Â Â Â Â Annualized return on average assets1.19Â %Â 1.12Â %Â 0.90Â %Â 1.27Â % Annualized return on average common equity (GAAP)10.90Â Â Â 8.91Â Â Â 7.90Â Â Â 10.33Â Â Annualized return on average tangible common equity (non-GAAP)(1)16.11Â Â Â 13.78Â Â Â 12.10Â Â Â 16.13Â Â Annualized adjusted return on average tangible common equity (non-GAAP)(1)16.86Â Â Â 15.76Â Â Â 17.08Â Â Â 18.05Â Â Annualized ratio of net charge-offs to average loans0.92Â Â Â 0.14Â Â Â 0.43Â Â Â 0.13Â Â Annualized net interest margin (GAAP)3.51Â Â Â 3.98Â Â Â 3.70Â Â Â 4.05Â Â Annualized net interest margin, fully tax-equivalent (non-GAAP)(1)3.55Â Â Â 4.02Â Â Â 3.74Â Â Â 4.10Â Â Efficiency ratio, fully tax-equivalent (non-GAAP)(1)54.67Â Â Â 60.85Â Â Â 57.28Â Â Â 63.26Â Â Â Â Â Â Â Â Â Â (1) Refer to "Non-GAAP Measures" in this earnings release for additional information on the usage and presentation of these non-GAAP measures, and refer to these financial tables for the reconciliations to the most directly comparable GAAP measures. Heartland currently has 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Since 1998, we have raised $39 million and supported 5.4 million students. 4. return on average tangible common equity (non-GAAP) of 12.10% and adjusted return on average tangible common equity (non-GAAP) of 17.08% for the nine months ended September 30, 2020, compared to 16.13% and 18.05%, respectively, for the nine months ended September 30, 2019. 6. There will be a question-and-answer session following the presentation.Shareholders, analysts and other interested parties are invited to join the call: * To listen to the live call, please dial (866) 928-9948 at least five minutes before start time.About Heartland Financial Heartland Financial USA, Inc. is a diversified financial services company based in Dubuque, Iowa. In addition, many of these risks and uncertainties are currently amplified by and may continue to be amplified by the recent outbreak of the COVID-19 pandemic and the impact of varying governmental responses that affect Heartlandâs customers and the economies where they operate. Â HEARTLAND FINANCIAL USA, INC. CONSOLIDATED FINANCIAL HIGHLIGHTS (Unaudited) DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA Â For the Quarter Ended September 30,Â For the Nine Months Ended September 30, Â 2020Â 2019Â 2020Â 2019 Reconciliation of Annualized Return on Average Tangible Common Equity (non-GAAP)Â Â Â Â Â Â Â Net income available to common stockholders (GAAP)$45,521Â Â Â $34,612Â Â Â $95,692Â Â Â $111,278Â Â Plus core deposit and customer relationship intangibles amortization, net of tax(1)1,969Â Â Â 2,291Â Â Â 6,454Â Â Â 7,153Â Â Net income available to common stockholders excluding intangible amortization (non-GAAP)$47,490Â Â Â $36,903Â Â Â $102,146Â Â Â $118,431Â Â Â Â Â Â Â Â Â Â Average common equity (GAAP)$1,661,381Â Â Â $1,541,369Â Â Â $1,618,811Â Â Â $1,440,754Â Â Less average goodwill446,345Â Â Â 427,097Â Â Â 446,345Â Â Â 409,932Â Â Less average core deposit and customer relationship intangibles, net42,145Â Â Â 51,704Â Â Â 44,824Â Â Â 49,373Â Â Average tangible common equity (non-GAAP)$1,172,891Â Â Â $1,062,568Â Â Â $1,127,642Â Â Â $981,449Â Â Annualized return on average common equity (GAAP)10.90Â %Â 8.91Â %Â 7.90Â %Â 10.33Â % Annualized return on average tangible common equity (non-GAAP)16.11Â %Â 13.78Â %Â 12.10Â %Â 16.13Â % Â Â Â Â Â Â Â Â Reconciliation of Annualized Net Interest Margin, Fully Tax-Equivalent (non-GAAP)Â Â Â Â Â Â Â Net Interest Income (GAAP)$122,497Â Â Â $111,321Â Â Â $359,154Â Â Â $320,984Â Â Plus tax-equivalent adjustment(1)1,390Â Â Â 1,140Â Â Â 3,937Â Â Â 3,820Â Â Net interest income, fully tax-equivalent (non-GAAP)$123,887Â Â Â $112,461Â Â Â $363,091Â Â Â $324,804Â Â Â Â Â Â Â Â Â Â Average earning assets$13,868,360Â Â Â $11,102,581Â Â Â $12,957,661Â Â Â $10,598,465Â Â Â Â Â Â Â Â Â Â Annualized net interest margin (GAAP)3.51Â %Â 3.98Â %Â 3.70Â %Â 4.05Â % Annualized net interest margin, fully tax-equivalent (non-GAAP)3.55Â Â Â 4.02Â Â Â 3.74Â Â Â 4.10Â Â Purchase accounting discount amortization on loans included in annualized net interest margin0.10Â Â Â 0.23Â Â Â 0.12Â Â Â 0.19Â Â Â Â Â Â Â Â Â Â (1) Computed on a tax-equivalent basis using an effective tax rate of 21%. 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