Heartland Financial USA, Inc. (NASDAQ:HTLF) Q1 2022 Earnings Conference Call April 25, 2022 5:00 PM ET
Company Participants
Bruce Lee - President and CEO
Bryan McKeag - Executive Vice President and CFO
Nathan Jones - Chief Credit Officer
Conference Call Participants
Terry McEvoy - Stephens
Damon DelMonte - KBW
Andrew Liesch - Piper Sandler
Jeff Rulis - D.A. Davidson
Operator
Greetings. And welcome to the HTLF First Quarter 2022 Conference Call. This afternoon, HTLF distributed its first 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 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 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 the 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 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, Victor. Good afternoon, everyone. This is Bruce Lee, President and CEO.
Welcome to HTLF 2022 first quarter earnings conference call. We appreciate you joining us today as we discuss HTLF's performance for the first quarter.
For the next few minutes, I will discuss many of our first quarter highlights. I will then turn the call over to Bryan McKeag, our Chief Financial Officer to provide additional information around HTLF's results. Also joining us today is Nathan Jones, our Chief Credit Officer, who can answer any questions regarding our credit quality, which is quite strong.
HTLF had continued success and growth in the first quarter, reporting $47.9 million of net income and EPS of $1.12. Our ongoing growth strategy and investments in talent and technology continued to deliver results, with strong growth in loans, deposits and revenue, and excellent credit quality. I'm pleased to share with you our solid results.