Peer Analysis

Performance Ratios (%) HTLF Peer Median Peer Average
ROAA 1.24 1.46 1.47
ROAE 10.12 11.25 11.81
Net Interest Margin 4.02 3.85 3.92
Efficiency Ratio 65.61 55.88 55.25
Loans / Deposits 75.77 92.48 92.89
Asset Quality Ratios (%)
NPAs / Assets NA 0.44 0.75
NCOs / Avg Loans 0.11 0.09 0.12
Reserves / Loans 0.84 0.97 1.00
Reserves / NPAs NA 169.84 198.06
Capital Ratios (%)
Tier 1 Capital NA 12.64 14.19
Tangible Equity / Tangible Assets NA 10.10 10.66
Total Equity / Total Assets 11.95 12.62 12.65
Market Ratios
Price / Earnings (x) 12.19 12.61 14.32
Price / Book (%) 117.41 133.01 168.35
Dividend Yield (%) 1.43 2.61 2.50
Data for trailing four quarters

Heartland Financial USA, Inc.'s peer group consists of the following: BancFirst Corporation (BANF), Banner Corporation (BANR), CoBiz Financial Inc. (COBZ), Community Trust Bancorp, Inc. (CTBI), Enterprise Financial Services Corp (EFSC), Farmers Capital Bank Corporation (FFKT), First Busey Corporation (BUSE), First Financial Bankshares, Inc. (FFIN), First Financial Corporation (THFF), First Merchants Corporation (FRME), Glacier Bancorp, Inc. (GBCI), National Penn Bancshares, Inc. (NPBC), Republic Bancorp, Inc. (RBCA.A), S&T Bancorp, Inc. (STBA), Stock Yards Bancorp, Inc. (SYBT), Western Alliance Bancorporation (WAL)

Heartland Financial USA, Inc.'s financial data is as of 12/31/2019.

Peer financial data is as of 12/31/2019 except for these companies:

Farmers Capital Bank Corporation's financial data is as of 6/30/2018.
First Merchants Corporation's financial data is as of 9/30/2019.
National Penn Bancshares, Inc.'s financial data is as of 12/31/2015.
S&T Bancorp, Inc.'s financial data is as of 9/30/2019.
First Financial Corporation's financial data is as of 9/30/2019.
Stock Yards Bancorp, Inc.'s financial data is as of 9/30/2019.
CoBiz Financial Inc.'s financial data is as of 6/30/2018.