Heartland Financial USA, Inc. (“HTLF”) Reports 14% Increase in Quarterly Cash Dividend
DUBUQUE, Iowa, July 22, 2021 (GLOBE NEWSWIRE) – Heartland Financial USA, Inc. (NASDAQ: HTLF) has announced that its board of directors has approved a 14% increase in its regular quarterly cash dividend to 0.25 $ per share on the common stock payable on August 30, 2021 to shareholders of record at the close of business on August 16, 2021. As at June 30, 2021, there were 42,245,452 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.
Heartland Financial USA, Inc., operating under the HTLF brand, is a financial services company with assets of $ 18.2 billion. HTLF banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is dedicated to its core business activity, supported by a strong retail business, and provides a diverse range of financial services including cash management, residential mortgages, wealth management, investments and insurance. Further information is available at htlf.com.
Safe Harbor Declaration
This press release (including any information incorporated herein by reference), and future oral and written statements by HTLF and its management, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the business, financial condition, results of operations, plans, objectives and future performance of the company.
Any statement regarding the expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company are not historical facts and may be forward-looking. Forward-looking statements may include information about possible or expected future results of the operations or performance of the company. While the Company may make these statements based on management’s experience, beliefs, expectations, assumptions and best estimate of future events, the Company’s ability to predict results or effect. or the actual results of plans or strategies is inherently uncertain, and there may be events or factors that management did not anticipate. Accordingly, the accuracy and realization of these forward-looking statements and estimates are subject to a number of risks, many of which are beyond management’s ability to control or predict, which could cause the results to be achieved. actuals differ significantly from those of its forecasts. staring statements. These factors, which are detailed in the risk factors in the “Risk factors” section in point 1A of part I of the company’s annual report on Form 10-K for the year ended December 31, 2020, include, among others: (i) COVID -19 pandemic risks, including risks related to the ongoing COVID-19 pandemic and measures adopted by the federal and state governments of the United States and adopted by private companies in response to the COVID-19 pandemic; (ii) Risks related to economic and market conditions, including risks related to changes in the US economy in general and in the local economies in which HTLF operates and future civil unrest, natural disasters, terrorist threats or acts of war; (iii) credit risks, including the risks of increased credit losses due to the deterioration in the financial condition of HTLF borrowers, changes in the value of assets and collateral and the weather and others borrower industry risks that may affect the allowance for credit losses and net write-offs; (iv) Liquidity and interest rate risks, including the impact of capital market conditions and changes in monetary policy on our borrowings and net interest income; (v) operational risks, including processing, information systems, cybersecurity, suppliers, business disruption and fraud risks; (vi) strategic and external risks, including competitive forces affecting our business and strategic acquisition risks; (vii) legal, compliance and reputational risks, including regulatory and litigation risks; and (viii) risks associated with owning shares in HTLF, including the volatility and dilution of share prices resulting from future share offerings and acquisitions. There can be no assurance that other factors not currently foreseen by HTLF will not materially and adversely affect the business, financial condition and results of operations of the Company. All statements contained in this press release, including forward-looking statements, speak only as of the date on which they are made. The company does not undertake and specifically disclaims any obligation to publish the results of any revision that may be made or to correct or update any forward-looking statement to reflect events or circumstances after the date of such statements or to reflect the occurrence of or unforeseen events or to update any statement in light of new information or future events.
Bryan R. McKeag
Executive Vice President