Call Start: 17:00 January 1, 0000 5:44 PM ET
Heartland Financial USA, Inc. (NASDAQ:HTLF)
Q2 2022 Earnings Conference Call
July 25, 2022 17:00 ET
CompanyParticipants
Bruce Lee - President & Chief Executive Officer
Bryan McKeag - Executive Vice President & Chief Financial Officer
Nathan Jones - Executive Vice President & Chief Credit Officer
Conference Call Participants
Damon DelMonte - KBW
Andrew Liesch - Piper Sandler
Jeff Rulis - D.A. Davidson
Terry McEvoy - Stephens
Operator
Greetings and welcome to the HTLF Second Quarter 2022 Conference Call. This afternoon, HTLF distributed its second quarter press release and hopefully, you've had a chance to review the results. If there is anyone on this call who did not receive a copy, you may access it at 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. Management will provide a brief summary of the quarter and then we will open the call up to your questions.
Before we begin the presentation, I would like to remind everyone that some of the information management will be providing today falls under the guidelines of forward-looking statements as defined by the Securities and Exchange Commission. As part of these guidelines, I must point out that 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 on the company's website or the SEC's website.
At this time, I will now turn the call over to Mr. Bruce Lee at HTLF. Please go ahead, sir.
Bruce Lee
Thank you, Latif. Good afternoon, everyone. This is Bruce Lee, President and CEO. Welcome to HTLF's 2022 second quarter earnings conference call. We appreciate you joining us today as we detail HTLF's excellent performance for the quarter. For the next few minutes, I'll discuss our second quarter highlights and then turn the call over to Bryan McKeag, our Chief Financial Officer, to provide additional information around HTLF results. Also joining us today is Nathan Jones, our Chief Credit Officer, who can answer questions regarding credit quality which continues to be quite strong.
HTLF had an outstanding second quarter, reporting $49.9 million of net income and EPS of $1.17. Core EPS is $1.15 after both positive and negative onetime events which clearly exceeded expectations. We are moving forward together. We have sustained our momentum as we continue to execute our strategy and drive results with strong growth in loans, deposits and revenue.