Peer Analysis

Performance Ratios (%) HTLF Peer Median Peer Average
ROAA 0.95 1.32 1.34
ROAE 8.95 10.72 11.18
Net Interest Margin 4.29 3.88 3.94
Efficiency Ratio 65.03 55.76 55.30
Loans / Deposits 77.02 92.40 91.47
Asset Quality Ratios (%)
NPAs / Assets 0.64 0.56 0.74
NCOs / Avg Loans 0.19 0.11 0.14
Reserves / Loans 0.82 1.05 1.11
Reserves / NPAs 83.93 141.19 171.03
Capital Ratios (%)
Tier 1 Capital 12.02 12.66 14.45
Tangible Equity / Tangible Assets 7.70 9.98 10.38
Total Equity / Total Assets 11.30 12.22 12.17
Market Ratios
Price / Earnings (x) 18.04 15.89 17.50
Price / Book (%) 147.14 156.24 193.16
Dividend Yield (%) 1.02 2.16 2.12
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 9/30/2018.

Peer financial data is as of 9/30/2018 except for these companies:

Farmers Capital Bank Corporation's financial data is as of 6/30/2018.
National Penn Bancshares, Inc.'s financial data is as of 12/31/2015.
CoBiz Financial Inc.'s financial data is as of 6/30/2018.