HEARTLAND FINANCIAL USA, INC. CONSOLIDATED FINANCIAL HIGHLIGHTS (Unaudited) DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA AND FULL TIME EQUIVALENT EMPLOYEE DATA  As of and For the Quarter Ended  9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 PPP loan balances$1,128,035   $1,124,430   $—   $—   $—   Average PPP loan balances1,128,488   916,405   —   —   —              PPP fee income$4,542   $3,655   $—   $—   $—   PPP interest income2,920   2,362   —   —   —   Total PPP interest income $7,462   $6,017   $—   $—   $—              Selected ratios excluding PPP loans and interest income           Annualized net interest margin (GAAP)3.59 % 3.90 % — % — % — % Annualized net interest margin, fully tax-equivalent (non-GAAP)(1) 3.64   3.95   —   —   —   Ratio of nonperforming loans to total loans1.01   1.14   —   —   —   Ratio of nonperforming loans and performing trouble debt restructured loans to total loans1.16   1.18   —   —   —   Ratio of nonperforming assets to total assets0.59   0.71   —   —   —   Annualized ratio of net loan charge-offs to average loans1.05   0.12   —   —   —   Allowance for loan credit losses as a percent of loans1.30   1.48   —   —   —   Allowance for lending related credit losses as a percent of loans1.48   1.69   —   —   —   Loans delinquent 30-89 days as a percent of total loans0.19   0.26   —   —   —              After tax impact of PPP interest income on diluted earnings per share(1)$0.16   $0.13   $—   $—   $—    As of and For the Nine Months Ended  September 30, 2020 September 30, 2019 PPP loan balances$1,128,035   $—   PPP average loan balances683,262   —        PPP fee income$8,197   $—   PPP interest income5,282   —   Total PPP interest income$13,479   $—        Selected ratios excluding PPP loans and interest income    Annualized net interest margin (GAAP)3.76 % — % Annualized net interest margin, fully tax-equivalent (non-GAAP)(1) 3.80   —   Annualized ratio of net loan charge-offs to average loans0.47   —        After tax impact of PPP interest income on diluted earnings per share(1)$0.29   $—        (1) Computed on a tax-equivalent basis using an effective tax rate of 21%. Discover historical prices for HTLF stock on Yahoo Finance. “It also serves as a reminder that this is a particularly challenging year for many of our K-12 schools, teachers and students.”Through its partnership with the national non-profit organization, AdoptAClassroom.org, the funds are intended for the school to purchase much-needed tools and materials, so they can successfully and safely continue to operate.“Whether school is taking place in the classroom or remotely from home, the need for additional school supplies, especially personal protective equipment (PPE) and technology is significant,” said Sherwood. All prior period balances have been adjusted. 3.7. The ability of Heartland to implement technological changes as planned and to develop and maintain secure and reliable electronic delivery systems; 17. The COVID-19 pandemic’s severity, its duration and the extent of its impact on Heartland’s business, financial condition, results of operations, liquidity and prospects remain uncertain. Since 1998, we have raised $39 million and supported 5.4 million students. Latest Share Price and Events. 1. Relationships have been the core of our company since its founding in 1981. Heartland has provided direct guaranteed loans from the U.S. Small Business Administration (the ‘‘SBA’’) to customers through Heartland’s participation in the Coronavirus Aid, Relief and Economic Security Act (the ‘‘CARES Act’’) and originated $1.2 billion of loans under the Paycheck Protection Program (‘‘PPP’’); 7. The actual amount of deposits assumed and loans acquired will be determined at closing, which is expected to be in the fourth quarter of 2020 and is subject to certain potential adjustments as set forth in the purchase and assumption agreement. A popular way to gauge a stock's volatility is its "beta". Looking ahead, Heartland Group has not announced an ex-dividend date yet. Total interest expense was $8.5 million, a decrease of $13.6 million or 62% from $22.1 million, based on a decrease in the average interest rate paid, which was partially offset by an increase in average interest bearing liabilities. Please upgrade the browser to the latest. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. Keefe, Bruyette & Woods served as JFG’s financial advisor and Reinhart Boerner Van Deuren s.c. served as JFG’s legal counsel.About Heartland Financial USA, Inc. Heartland is a diversified financial services company with assets of $15.6 billion as of September 30, 2020. Heartland currently has 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. These forward-looking statements are generally identified by the use of the words ‘‘believe”, “expect’’, ‘‘intent”, “anticipate’’, ‘‘plan”, “estimate’’, ‘‘project”, ‘‘will”, ‘‘would”, ‘‘could”, ‘‘should’’, “may”, “view”, “opportunity”, “potential”, or similar expressions that are used in this release, and future oral and written statements of Heartland and its management. Stock analysis for Heartland Group Holdings Ltd (HGH:NZX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. "Heartland set a new record of $45.5 million for quarterly net income available to common stockholders during the third quarter of 2020, an increase of $10.9 million or 32% over the same quarter of 2019. In recent trading, shares of Heartland Financial USA, Inc. have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.11/share. AIM first merged into AimBank, and immediately thereafter, AimBank merged with and into FirstBank & Trust, Heartland’s wholly-owned subsidiary headquartered in Lubbock, Texas. Further information concerning Heartland and its business, including additional factors that could materially affect Heartland’s financial results, is included in Heartland’s filings with the SEC.Contact EVP, Chief Financial Officer Bryan R. McKeag BMcKeag@htlf.com 563.589.1994. 3. return on average common equity was 7.90% and return on average assets was 0.90% for the first nine months of 2020, compared to 10.33% and 1.27%, respectively, for the same period in 2019. Visit www.mnbankandtrust.com for more information. 1.  Lynn B. Fuller, Executive Operating Chairman; Bruce K. Lee, President and CEO, and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. This combination brings together two strong community banks with similar cultures, builds further scale for Heartland in Texas and New Mexico, and will create additional value for our shareholders.”Advisors: In connection with the transaction, Panoramic Capital Advisors, Inc. served as financial advisor to Heartland and Dorsey & Whitney LLP served as Heartland’s legal counsel. To assure workplace and employee safety and business resiliency while providing relief and support to customers and communities facing challenges from the impacts of the pandemic, the following measures are in place: 1. employees who can work from home continue to do so, and those employees who are working in bank offices have been placed on rotating teams to limit potential exposure to COVID-19; 2. all in-person events and large meetings are canceled and have transitioned to virtual meetings; 3. employees receive an increase in time off and enhanced health care coverage related to testing and treatments for COVID-19; 4. Moved by -7.65 % over the past six months, the Reserve for unfunded commitments immaterial... The overall consensus recommendation for Heartland Express as of late, it has definitely been a great time to a! What events caused price changes its `` beta '' of ASU 2016-13 the! The effects of past and any future terrorist threats and attacks, acts of or! 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