Heartland USA, (HTLF) drops 0.51% in active trading on September 16
Heartland Financial USA, Inc. (NASDAQ: HTLF), a Dubuque, Iowa company, fell to close at $ 46.62 on Thursday after losing $ 0.24 (0.51%) on trading volume of 103,589 shares. The stock ranged from a high of $ 47.26 to a low of $ 46.40, while Heartland USA’s market cap now stands at $ 1,969,498,637.
About Heartland Financial USA, Inc.
About Heartland Financial USA, Inc. Heartland Financial USA, Inc. is a diversified financial services company with assets of $ 17.91 billion. The company provides banking, mortgage, private banking, investment, insurance and consumer credit services to individuals and businesses. As of December 31, 2020, Heartland had 142 bank locations serving 102 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com. Safe Harbor Statement This press release, and future oral and written statements by Heartland 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. Any statement regarding Heartland’s expectations, beliefs, plans, goals, assumptions or future events or performance are not historical facts and may be forward-looking. These forward-looking statements contain information about possible or suspected future results of Heartland’s operations or performance. These forward-looking statements are generally identified by the use of the words âbelieveâ, âexpectâ, âintentionâ, âanticipateâ, â” will ‘,’ ‘would’, ” could ‘,’ ‘ should ”, ‘could’, ‘see’, ‘opportunity’, ‘potential’ or similar expressions which are used in this version, and future oral expressions and written statements of Heartland and its management. Although Heartland has made these statements based on management’s experience and the best estimate of future events, Heartland’s ability to predict the actual results or effect 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 predictions. staring statements. These factors, which are detailed below and in the risk factors in Heartland’s reports filed with the Securities and Exchange Commission (“SEC”), include, among others: The impact of the COVID-19 pandemic on Heartland and the US and global financial markets; Measures promulgated by the federal and state governments of the United States and adopted by private companies in response to the COVID-19 pandemic; The deterioration of the US economy in general and the local economies in which Heartland operates; Increase in credit losses due to the deterioration of the financial condition of its borrowers, based on the decline in oil prices and the value of assets and collateral, which may continue to increase the allowance for credit losses and Heartland’s net radiation; Civil unrest in communities served by Heartland; Unemployment levels in the geographic areas in which Heartland operates; Market values ââof real estate in these geographic areas; Future natural disasters and increases in flood insurance premiums; The effects of past and future terrorist threats and attacks, acts of war or threats thereof; The level of prepayments on loans and mortgage-backed securities; Legislative and regulatory changes affecting banking, tax, securities, insurance, monetary and financial matters; US government monetary and fiscal policies, including the policies of the US Department of the Treasury and the US Federal Reserve; The quality or composition of Heartland’s loan and investment portfolios; Demand for loan products and financial services, deposit flows and competition in Heartland market areas; Changes in accounting principles and guidelines; The development and timely acceptance of products and services, including products and services offered through alternative distribution channels such as the Internet; Heartland’s ability to implement technological changes as intended and to develop and maintain secure and reliable electronic delivery systems; Heartland’s ability to retain key officers and employees; and Heartland’s ability to successfully complete acquisitions and integrate acquired operations. The COVID-19 pandemic is negatively affecting Heartland and its customers, counterparties, employees and third party service providers. The severity of the COVID-19 pandemic, its duration, and the extent of its impact on Heartland’s business, financial condition, results of operations, liquidity and prospects remain uncertain. Deteriorating general business and economic conditions and turmoil in domestic and global financial markets caused by the COVID-19 pandemic negatively impacted Heartland’s net income, total equity and book value per common share, and continued economic deterioration could adversely affect the value of its assets and liabilities, reduce the availability of funding for Heartland, lead to a credit crunch and increase stock price volatility. Some economists and investment banks believe that a recession or depression may result from the continued spread of COVID-19 and its economic consequences. These risks and uncertainties should be taken into account in evaluating forward-looking statements made by or on behalf of Heartland, and no undue reliance on such statements should be made. There can be no assurance that other factors currently not foreseen by Heartland will not have a material and adverse effect on the business, financial condition and results of operations of Heartland. Additionally, many of these risks and uncertainties are currently magnified and may continue to be magnified by the COVID-19 pandemic and the impact of various government responses that affect Heartland customers and the economies in which they operate. Please be aware that forward-looking statements speak only as of the date on which they are made, and except as required by applicable law, Heartland makes no commitment to publicly correct or update any forward-looking statements.
Visit the Heartland Financial USA, Inc. profile for more information.
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Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.
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