Heartland Financial USA, Inc. (NASDAQ:HTLF) Q1 2023 Results Conference Call April 24, 2023 5:00 PM ET

Company Participants

Bruce Lee - President & Chief Executive Office

Bryan McKeag - Executive Vice President & Chief Financial Office

Nathan Jones - Executive Vice President & Chief Credit Officer

Conference Call Participants

Damon DelMonte - KBW

Jeff Rulis - D.A. Davidson

Terry McEvoy - Stephens

Andrew Liesch - Piper Sandler

David Long - Raymond James

Operator

Greetings, and welcome to HTLF 2023 First Quarter Conference Call. This afternoon, HTLF announced its first quarter financial results, and hopefully, you've had a chance to review the earnings release that's available on HTLF's website at htlf.com.

With us today from management are Bruce Lee, President and CEO; and Bryan McKeag, Executive Vice President and Chief Financial Officer; and Nathan Jones, Executive Vice President and Chief Credit Officer. Management will provide a summary of the quarter, and then we will open the call to your questions.

Before we begin the presentation, I would like to remind everyone that some of the information provided today falls under the guidelines of forward-looking statements as defined by the Securities and Exchange Commission. As part of these guidelines, any statements made during this presentation concerning the Company's hopes, beliefs, expectations and predictions of the future are forward-looking statements, and actual results could differ materially from those projected. Additional information on these factors is included from time to time in the Company's 10-K and 10-Q filings, which may be obtained in the Company's or the SEC website.

I will now turn the call over to Mr. Bruce Lee, HTLF President and CEO. Please go ahead.

Bruce Lee

Thank you, Towanda. Good afternoon, everyone. This is Bruce Lee, President and CEO. Welcome to HTLF's 2023 first quarter earnings conference call. I appreciate you joining us today as we discuss our solid performance amidst the challenging environment in detail, the strength and stability of our customers, communities, employees and shareholders can depend on.

For the next few minutes, I'll discuss HTLF's highlights for the first quarter then turn the call over to Bryan McKeag, Chief Financial Officer, for more details on our performance and financials. Also joining us today is Nathan Jones, Chief Credit Officer, who can answer questions regarding the stable credit quality across our portfolios.

Last week, our Board of Directors approved a quarterly cash dividend of $0.30 per share on the Company's common stock payable on May 26, 2023. The Board also approved a dividend of $175 for Series E preferred stock, which results in a dividend of $0.4375 per depositary share payable on July 17, 2023.