Heartland Financial: 1Q Earnings Snapshot
DUBUQUE, Iowa (AP) _ Heartland Financial USA Inc. (HTLF) on Monday reported first-quarter net income of $31.5 million.
The Dubuque, Iowa-based bank said it had earnings of 91 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The multibank holding company posted revenue of $147.4 million in the period. Its revenue net of interest expense was $129.7 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $132.6 million.
Heartland Financial shares have climbed roughly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $47.33, a fall of 12% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTLF at https://www.zacks.com/ap/HTLF