Heartland BancCorp logo HLAN - Heartland BancCorp

Inactive Ticker HLAN is not actively trading. Quotes and analytics may be stale.
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Annual Quarterly
Metric 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2009 2008 2007 2006 2005 2004 2003 2002
Revenue
Revenue 70.9 68.4 64.8 60.5 48.2 41.2 35.7 31.3 29.4 26.0 24.4 27.1 24.2 21.7 19.5 18.6 18.3 17.9 17.9 18.4 16.0
Cost of Revenue (34.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 104.8 68.4 64.8 60.5 48.2 41.2 35.7 31.3 29.4 26.0 24.4 27.1 24.2 21.7 19.5 18.6 18.3 17.9 17.9 18.4 16.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 31.9 29.7 25.0 21.8 19.5 16.2 13.9 12.3 11.3 10.2 9.2 9.4 9.2 10.0 8.7 7.9 7.3 7.1 7.3 8.0 6.9
Other Expenses 41.5 (69.8) (61.7) (54.5) (40.6) (43.5) (5.8) (5.5) 0 0 0 (28.3) (26.4) 1.0 (22.1) (20.5) (19.4) (18.9) (19.4) (20.9) (18.4)
Operating Expenses 40.8 (40.0) (36.6) (32.7) (21.1) (27.3) 5.8 5.5 17.6 16.3 15.6 (18.9) (17.2) 11.0 (13.4) (12.6) (12.1) (11.8) (12.1) (13.0) (11.5)
Operating Income
Operating Income 30.1 28.3 28.2 27.7 27.1 13.9 13.0 11.1 11.1 8.4 6.9 8.2 6.9 5.0 6.1 6.0 6.2 6.1 5.8 5.4 4.5
Interest Expense 31.4 6.1 5.0 9.7 11.0 7.6 4.9 4.1 3.3 2.9 3.1 4.3 5.7 10.4 14.5 16.7 13.7 8.9 5.9 5.9 7.5
Interest Income 92.4 63.1 55.5 56.1 51.4 43.5 36.0 31.9 28.8 25.7 23.9 26.0 26.8 29.2 31.4 32.5 29.0 23.9 19.8 18.4 18.9
Profitability
EBITDA 25.8 24.1 25.1 19.9 17.6 13.9 13.0 11.1 11.7 8.9 6.9 8.9 7.6 5.0 0 6.0 6.2 6.1 5.8 5.4 4.5
EBIT 23.8 22.2 23.2 18.0 16.1 13.9 13.0 11.1 11.1 8.4 6.9 8.2 6.9 0 12.7 0 0 0 0 0 0
Income Before Tax 23.8 22.2 23.2 18.0 16.1 13.9 13.0 11.1 11.1 8.4 6.9 8.2 6.9 5.0 6.1 6.0 6.2 6.1 5.8 5.4 4.5
Income Tax Expense 4.3 4.2 4.6 3.3 2.9 2.5 4.1 3.1 3.0 2.3 1.7 1.5 1.8 1.4 1.9 1.8 1.9 1.8 1.7 1.6 1.3
Net Income 19.5 18.1 18.6 14.8 13.2 11.4 8.9 8.0 8.1 6.1 5.2 6.7 5.1 3.6 4.2 4.2 4.3 4.3 4.1 3.9 3.2
Per Share Data
EPS (Basic) 9.69 9.00 9.30 7.39 6.54 6.81 5.56 5.08 5.21 3.92 3.38 4.35 3.30 2.33 2.70 2.64 2.72 2.67 2.56 2.42 1.96
EPS (Diluted) 9.62 8.90 9.17 7.33 6.45 6.68 5.40 4.97 5.13 3.87 3.34 4.32 3.27 2.32 2.68 2.59 2.67 2.62 2.50 2.39 1.96
Shares Outstanding 2.0 2.0 2.0 2.0 2.0 1.7 1.6 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.6 1.6 1.6
Metric 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2009 2008 2007 2006 2005 2004 2003 2002
Current Assets
Cash & Cash Equivalents 15.0 22.9 64.9 190.2 19.5 29.9 28.2 21.4 37.0 22.6 15.9 22.2 25.5 10.4 16.5 13.6 9.2 9.4 7.4 9.1 9.7
Short-Term Investments 211.1 152.5 156.5 144.4 139.2 140.6 117.2 103.0 114.5 101.5 112.4 133.2 130.7 0 0 0 0 0 0 0 0
Net Receivables 0 17.8 14.0 15.1 4.8 4.2 3.1 2.2 2.0 1.8 1.8 1.9 1.9 2.0 2.1 2.4 2.4 1.8 3.9 3.0 6.9
Inventory 0 0 0 0 0 (34.1) (31.3) (24.0) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 15.0 193.2 235.4 349.6 163.5 174.6 148.5 126.6 153.4 125.8 130.2 157.2 158.1 12.4 18.6 16.0 11.5 11.2 11.3 12.2 16.6
Non-Current Assets
Property, Plant & Equipment 33.6 30.5 29.4 30.2 32.8 28.5 24.7 14.1 13.5 12.7 12.0 11.3 10.0 9.7 10.0 10.4 9.2 9.1 7.7 7.6 8.0
Goodwill 12.4 12.4 12.4 12.4 1.2 1.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0 0 0 0 0
Intangible Assets 3.9 3.9 4.1 3.9 0.9 0.4 0 0 0 0 0 0 0 0 0 0 0.4 0.4 0.4 0.4 0.4
Long-Term Investments 8.0 159.1 162.6 150.6 144.4 145.6 124.7 111.4 123.2 110.6 120.9 140.0 139.3 101.3 96.8 100.4 89.5 79.0 82.7 78.8 61.5
Other Non-Current Assets 1,810.3 (10.9) (4.9) (5.1) (2.6) (2.8) (0.8) (3.2) (137.1) (123.7) (133.3) (151.7) (149.7) (111.4) (107.2) (111.2) (99.2) (88.6) (90.8) (86.8) (69.9)
Total Non-Current Assets 1,868.2 205.9 208.5 197.1 179.3 175.7 149.8 125.9 137.1 123.7 133.3 151.7 149.7 111.4 107.2 111.2 99.2 88.6 90.8 86.8 69.9
Total Assets 1,883.2 1,663.1 1,469.1 1,547.1 1,114.9 1,047.1 900.9 781.3 729.5 649.7 580.4 578.6 571.0 523.9 507.3 486.9 471.3 430.2 378.3 346.2 312.9
Current Liabilities
Account Payables 0 16.7 14.2 13.3 10.4 6.4 5.4 5.3 5.3 4.4 4.2 2.9 3.2 0 0 0 3.0 2.6 2.0 1.8 0
Short-Term Debt 36.1 0 0 0 11.3 34.8 0 24.5 29.2 28.4 31.1 29.9 24.7 19.6 15.9 0 21.4 14.9 18.6 10.5 0
Deferred Revenue 0 (5.0) (7.2) 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 775.2 (16.7) (14.2) (13.3) (21.8) (41.1) (5.4) (30.0) (34.6) (32.9) (39.4) (32.8) (27.9) (19.6) (15.9) 0 (24.4) (17.5) (20.6) (12.3) 0
Total Current Liabilities 812.6 16.7 14.2 13.3 19.2 41.1 30.1 29.8 34.4 32.8 35.3 32.8 27.9 19.6 15.9 0 24.4 17.5 20.6 12.3 0
Non-Current Liabilities
Long-Term Debt 24.0 40.7 36.7 69.4 20.5 10.5 15.5 15.5 5.5 0 0 3.1 3.1 3.1 3.1 0 3.1 3.1 3.1 3 15.4
Deferred Tax Liabilities 0 3.4 3.5 4.1 2.0 1.3 0 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 78.9 (40.7) (36.7) (69.4) (23.0) (10.5) (15.5) (15.5) (5.5) 0 0 (3.1) (3.1) (3.1) (3.1) 0 (3.1) (3.1) (3.1) (3) (15.4)
Total Non-Current Liabilities 911.8 16.7 14.2 13.3 19.2 10.5 15.5 15.5 5.5 0 0 3.1 3.1 3.1 3.1 0 3.1 3.1 3.1 3 15.4
Total Liabilities 1,720.7 1,519.2 1,316.0 1,406.2 986.5 932.1 822.4 709.9 662.8 32.8 35.3 522.9 520.3 479.7 466.2 0 435.0 396.5 346.9 317.9 15.4
Stockholders' Equity
Common Stock 62.7 62.0 61.2 60.4 56.1 55.1 25.1 24.6 23.9 23.6 23.4 23.1 23.1 0 0 23.6 24.4 24.8 24.8 18.8 14.2
Retained Earnings 120.1 107.2 94.6 81.1 70.9 61.9 53.7 47.5 42.0 36.2 32.3 29.1 24.4 18.7 17.1 14.8 12.3 9.5 6.3 8.9 10.4
Accumulated Other Comprehensive Income (15.3) (20.3) 2.3 4.4 1.4 (1.9) (0.2) (0.7) 0.8 1.0 (1.4) 3.5 3.3 2.5 0.8 0.5 (0.5) (0.6) 0.4 0.5 1.0
Total Stockholders' Equity 162.5 143.9 153.2 140.9 128.4 115.0 78.6 71.4 66.7 60.7 54.2 55.7 50.8 44.3 41.1 38.9 36.3 33.7 31.4 28.3 25.6
Total Liabilities & Equity 1,883.2 1,663.1 1,469.1 1,547.1 1,114.9 1,047.1 900.9 781.3 729.5 649.7 580.4 578.6 571.0 523.9 507.3 486.9 471.3 430.2 378.3 346.2 312.9
Debt Metrics
Total Debt 55.0 40.7 36.7 69.4 34.4 45.2 40.1 39.9 34.6 28.4 31.1 33.0 27.8 22.7 19.0 0 24.5 18.0 21.7 13.5 15.4
Net Debt 18.4 17.8 (28.2) (120.8) 14.9 15.3 11.9 18.6 (2.4) 5.8 15.2 10.8 2.3 12.3 2.5 (13.6) 15.3 8.6 14.2 4.3 5.7
Metric 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Operating Activities
Net Income 19.5 18.1 18.6 14.8 13.2 11.4 8.9 8.0 8.1 6.1 5.2 6.7 5.1
Depreciation & Amortization 1.9 1.9 2.0 1.8 1.5 1.5 0.9 0.8 0.6 0.6 0 0.7 0.7
Stock-Based Compensation 0.5 0.5 0.1 0.6 0.7 0.4 0.2 0.2 0.1 0.1 0 3.4 0
Change in Working Capital (1.2) 1.7 1.1 (4.2) (0.6) (0.6) (1.8) (0.3) 0.5 1.0 0 (0.3) 0.0
Other Non-Cash Items 1.6 0.3 (0.1) (0.1) 0.2 4.9 4.0 2.1 (0.1) 1.4 (5.2) 3.4 2.4
Operating Cash Flow 22.3 23.2 17.9 11.7 16.0 14.2 10.2 9.1 9.3 9.1 0 9.5 8.0
Investing Activities
Capital Expenditure (5.2) (3.0) (1.2) (1.0) (3.2) (8.4) (15.1) (1.3) (1.5) (1.5) 0 (2.0) (1.1)
Acquisitions 0.1 (230.6) (31.1) 31.8 (0.2) (0.7) 0.4 0 0 0 0 (11.9) 0
Purchases of Investments (58.4) (35.6) (48.9) (62.2) (43.2) (42.7) (28.0) (60.5) 0 0 0 (78.5) (68.6)
Sales/Maturities of Investments 5.0 9.7 33.3 60.8 48.1 19.1 15.4 69.4 0 0 0 77.1 53.7
Other Investing Activities (144.0) (1.3) 0.0 (81.5) (74.6) (141.2) 0.5 (68.5) (64.3) (61.5) 0 (9.9) (1.2)
Investing Cash Flow (202.5) (260.8) (47.8) (52.2) (73.0) (147.1) (113.6) (69.8) (65.8) (63.0) 0 (13.3) (17.2)
Financing Activities
Net Debt Issuance 14.3 4 (32.7) 34.8 5 0 0 10 5.5 0 0 5.2 1.2
Stock Repurchased 0 (0.4) 0 (5.1) 0 0 0 (0.3) (0.2) (0.1) 0 (0.1) (0.0)
Dividends Paid (6.0) (5.4) (4.9) (4.5) (4.1) (3.0) (2.7) (2.4) (2.3) (2.2) 0 (2.5) (2.0)
Other Financing Activities 185.7 197.0 (57.5) 185.6 45.6 137.9 112.7 37.8 67.9 62.8 0 (2.1) 27.6
Financing Cash Flow 194 195.6 (95.0) 210.8 46.6 134.9 110.0 45.1 70.9 60.5 0 0.5 26.8
Cash Position
Net Change in Cash 13.8 (42.0) (125.0) 170.4 (10.4) 2.0 6.6 (15.6) 14.4 6.6 0 (3.3) 17.7
Cash at Beginning 22.9 64.9 189.9 19.5 29.9 27.9 21.4 37.0 22.6 15.9 0 25.5 7.8
Cash at End 36.7 22.9 64.9 189.9 19.5 29.9 27.9 21.4 37.0 22.6 0 22.2 25.5
Free Cash Flow 17.1 20.3 16.6 10.7 12.8 5.8 (4.9) 7.8 7.8 7.6 0 7.5 6.9
Key Metrics 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2009 2008 2007 2006 2005 2004 2003 2002
Income Statement
Revenue 70.9 68.4 64.8 60.5 48.2 41.2 35.7 31.3 29.4 26.0 24.4 27.1 24.2 21.7 19.5 18.6 18.3 17.9 17.9 18.4 16.0
Gross Profit 104.8 68.4 64.8 60.5 48.2 41.2 35.7 31.3 29.4 26.0 24.4 27.1 24.2 21.7 19.5 18.6 18.3 17.9 17.9 18.4 16.0
Operating Income 30.1 28.3 28.2 27.7 27.1 13.9 13.0 11.1 11.1 8.4 6.9 8.2 6.9 5.0 6.1 6.0 6.2 6.1 5.8 5.4 4.5
Net Income 19.5 18.1 18.6 14.8 13.2 11.4 8.9 8.0 8.1 6.1 5.2 6.7 5.1 3.6 4.2 4.2 4.3 4.3 4.1 3.9 3.2
EPS (Diluted) 9.62 8.90 9.17 7.33 6.45 6.68 5.40 4.97 5.13 3.87 3.34 4.32 3.27 2.32 2.68 2.59 2.67 2.62 2.50 2.39 1.96
Balance Sheet
Cash & Equivalents 15.0 22.9 64.9 190.2 19.5 29.9 28.2 21.4 37.0 22.6 15.9 22.2 25.5 10.4 16.5 13.6 9.2 9.4 7.4 9.1 9.7
Total Assets 1,883.2 1,663.1 1,469.1 1,547.1 1,114.9 1,047.1 900.9 781.3 729.5 649.7 580.4 578.6 571.0 523.9 507.3 486.9 471.3 430.2 378.3 346.2 312.9
Total Debt 55.0 40.7 36.7 69.4 34.4 45.2 40.1 39.9 34.6 28.4 31.1 33.0 27.8 22.7 19.0 0 24.5 18.0 21.7 13.5 15.4
Stockholders' Equity 162.5 143.9 153.2 140.9 128.4 115.0 78.6 71.4 66.7 60.7 54.2 55.7 50.8 44.3 41.1 38.9 36.3 33.7 31.4 28.3 25.6
Cash Flow
Operating Cash Flow 22.3 23.2 17.9 11.7 16.0 14.2 10.2 9.1 9.3 9.1 0 9.5 8.0
Capital Expenditure (5.2) (3.0) (1.2) (1.0) (3.2) (8.4) (15.1) (1.3) (1.5) (1.5) 0 (2.0) (1.1)
Free Cash Flow 17.1 20.3 16.6 10.7 12.8 5.8 (4.9) 7.8 7.8 7.6 0 7.5 6.9