Heartland Financial USA, Inc. Recognized as one of the best by Forbes
DUBUQUE, Iowa, March 14, 2022 (GLOBE NEWSWIRE) — Heartland Financial USA, Inc. (NASDAQ: HTLF) has been named “Forbes Best Bank 2022.” In its annual review of the largest listed banks and savings banks, Forbes Heartland Financial USA ranked 28and among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to over $2 trillion. This is the sixth consecutive year that Heartland has received this recognition from Forbes.
“We are pleased to be ranked among America’s top banks. In 2021, we demonstrated our commitment to serving our customers and communities and delivering strong results for our shareholders,” said Bruce K. Lee, President and CEO, Heartland Financial, USA. “The Forbes This ranking reflects our success and our prospects for continued growth and strong performance in 2022.”
To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2021 on the nation’s largest publicly traded banks and thrift stores. The data covered 10 financial health metrics: return on average equity; net interest margin; non-performing loans (NPLs) as a percentage of loans; non-performing assets as a percentage of assets; reserves as a percentage of bad debts; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes generated its ranking based on an average of the individual rankings of each metric.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc., trading as HTLF, is a financial services company with assets of $19.27 billion. HTLF has banks serving communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its core business, supported by a strong retail business, and provides a diverse range of financial services, including cash management, residential mortgage, wealth management, investment and assurance. Additional information is available at www.htlf.com.
Vice President, Corporate Communications