Heartland Financial USA, Inc. (NASDAQ:HTLF) Q4 2022 Earnings Call Transcript

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Bruce Lee: Thanks, Twanda. In closing, HTLF had a strong fourth quarter and an outstanding year. In 2022, we delivered record total revenue of $726 million, a 5% increase, record loan growth of $1.6 billion or 17%, excluding PPP. Our fourth quarter efficiency ratio decreased 15% from a year ago to 54.33%. Our credit quality continues to be excellent and improving. And we have increased the dividend on our common stock to a record $0.30 per share, all while seamlessly executing charter consolidation to deliver improved customer experience, efficiency and unlock capacity for future growth. Our strong momentum continues into 2023 and we are well positioned to continue driving growth. Thank you for joining us tonight. Our next quarterly earnings call will be in late April. Have a good evening.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.

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