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Heartland Financial USA (Heartland Financial USA) Scaled Net Operating Assets

: 0.12 (As of Dec. 2023)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Heartland Financial USA's operating assets for the quarter that ended in Dec. 2023 was $19,087.5 Mil. Heartland Financial USA's operating liabilities for the quarter that ended in Dec. 2023 was $16,675.7 Mil. Heartland Financial USA's Total Assets for the quarter that ended in Sep. 2023 was $20,129.8 Mil. Therefore, Heartland Financial USA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.12.

Heartland Financial USA Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Heartland Financial USA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(19087.454-16675.674)/20244.228
=0.12

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=19411.707 - 324.253
=19087.454

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17478.59 - 223.108 - 579.808
=16675.674

Heartland Financial USA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(19087.454-16675.674)/20129.793
=0.12

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=19411.707 - 324.253
=19087.454

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17478.59 - 223.108 - 579.808
=16675.674

* 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.

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Heartland Financial USA (Heartland Financial USA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heartland Financial USA Inc (NAS:HTLF) » Definitions » Scaled Net Operating Assets
Comparable Companies
FBNC NWBI EFSC CHCO SYBT FCF HOPE NBHC BANR CUBI NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
HTLFP.PFD:USA 1H4:Germany
Address
1800 Larimer Street, Suite 1800, Denver, CO, USA, 80202
Website
https://www.htlf.com
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.
Executives
Kevin C Karrels officer: EVP, Head of Consumer, Retail 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Robert S Kahn officer: EVP, Chief Strategy Officer 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Bruce K Lee director, officer: PRESIDENT 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Deborah K Deters officer: EVP, Chief HR Officer 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Margaret Lazo director 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Opal Perry director HERTZ GLOBAL HOLDINGS, INC., ESTERO FL 33928
Robert B Engel director C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Martin J Schmitz director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Kevin G Quinn officer: EVP Chief Banking Officer 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Mark E Frank officer: SVP, Regional Operations 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Kathryn G Unger director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Christopher Hylen director 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Lynn B Fuller director, officer: President & CEO 700 LOCUST STREET, 4TH FLOOR, DUBUQUE IA 52001
Jay Kim officer: EVP & General Counsel 1800 LARIMER ST., SUITE 1800, DENVER CO 80202
Nathan R Jones officer: EVP, Chief Credit Officer 1800 LARIMER ST., SUITE 1800, DENVER CO 80202