trending Market Intelligence /marketintelligence/en/news-insights/trending/242pCWS7OGDdpcLn40hg_w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Heartland Financial USA sees more deals in future

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Heartland Financial USA sees more deals in future

Heartland Financial USA Inc. Chairman and CEO Lynn Fuller said the Dubuque, Iowa-based company continues to evaluate potential acquisition targets.

The combination of a common stock raise completed in November 2016 and the company's rising share prices "increases the likelihood of more M&A announcements to come," Fuller said during a Jan. 30 call to discuss the company's fourth-quarter 2016 results. The company announced a $29.07 million deal for Founders Bancorp in October 2016, and Fuller said the company remains committed to growing to $1 billion or more in assets in each state in which the company operates.

Company executives said they expect the Founders deal will close and be converted during the first quarter of this year.

Heartland reported fourth-quarter 2016 net income available to common stockholders of $19.1 million, or 74 cents per share.

Heartland Executive Vice President and CFO Bryan McKeag said during the call that the company expects loan and deposit growth on a percentage basis in the mid-single digits. Its tax-equivalent net interest margin should be stable but pull back a bit to between 4.05% and 4.10%, he added, though he also said interest rate increases could offset downward pressures.

The finance chief added that the company remains largely focused on deals that can be mostly paid for using the company's appreciating shares. "It makes sense for us to use our currency, given where it's trading," he said.