What is Heartland Financial USA Net Charge Offs to Average Loans %?
Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.
Heartland Financial USA's Net Charge Offs to Average Loans % for the quarter that ended in Dec. 2023 was 0.01%
, which is lower than
0.12% for the pervious quarter ended in Sep. 2023.
Heartland Financial USA's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2023 was 0.11%
, which is the same as
0.11% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Heartland Financial USA's Net Charge Offs to Average Loans % or its related term are showing as below:
HTLF's Net Charge Offs to Average Loans % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Net Charge Offs to Average Loans % only.
Heartland Financial USA Net Charge Offs to Average Loans % Historical Data
The historical data trend for Heartland Financial USA's Net Charge Offs to Average Loans % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Heartland Financial USA Net Charge Offs to Average Loans % Chart
Competitive Comparison of Heartland Financial USA's Net Charge Offs to Average Loans %
For the Banks - Regional subindustry, Heartland Financial USA's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heartland Financial USA (NAS:HTLF) Net Charge Offs to Average Loans % Calculation
Net Charge Offs to Average Loans % is calculated as
Net Charge Offs to Average Loans %
=
Net Charge-offs
/
Average Total Loans
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heartland Financial USA (NAS:HTLF) Net Charge Offs to Average Loans % Explanation
A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.
Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.
Heartland Financial USA Net Charge Offs to Average Loans % Related Terms
Thank you for viewing the detailed overview of Heartland Financial USA's Net Charge Offs to Average Loans % provided by GuruFocus.com. Please click on the following links to see related term pages.
Heartland Financial USA (Heartland Financial USA) Business Description
Heartland Financial USA Inc is a multi-bank holding company that offers a wide range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities, and individuals. It also provides traditional and non-traditional service channels including online banking, mobile/remote banking, and telephone banking. The company's business lines are Commercial Banking, Agricultural Loans, Small Business Banking, Residential Real Estate Mortgage Lending, Consumer Banking, and Wealth Management and Retirement Plan Services.
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