Heartland Financial USA, Inc.
0.0 %
86.33 %
Yet to be announced
Company Overview
Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts. The company operates through 129 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California.
Revenue Sources
Based on the financial data provided, the company generates no significant revenue from explicitly haram sources like gambling, alcohol, or tobacco. However, its primary business model revolves around traditional banking services and interest-based lending.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $176.89m | $95.9m | $157.9m | $95.9m | 89.26% | 100.00% |
| June 30, 2024 | $176.95m | $96.89m | $158.74m | $96.89m | 89.71% | 100.00% |
| March 31, 2024 | $181.88m | $97.51m | $154.22m | $97.51m | 84.79% | 100.00% |
| Dec. 31, 2023 | $44.34m | $99.75m | $156.14m | $99.75m | 352.17% | 100.00% |
Analyzing the financial data from the past four quarters shows that interest income and interest expense form the core of the company's business model. Interest income represents approximately 89% of total revenue across all quarters examined. Interest expense constitutes roughly 100% of total expenses. These ratios clearly indicate that interest-based activities are central to the company's operations rather than incidental.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
Login to join the discussion