Heartland BancCorp Earns $2.9 Million in First Quarter 2020; Declares Quarterly Cash Dividend of $0.57 per Share; Announces COVID-19 Preparations
Heartland Banccorp (HLAN)
NASDAQ:AMEX Investor Relations:
ir.heartland.bank
Company Research
Source: GlobeNewswire
WHITEHALL, Ohio, April 28, 2020 (GLOBE NEWSWIRE) -- Heartland BancCorp (“the company,” and “the bank”) (OTCQX: HLAN), today reported first quarter 2020 net income of $2.9 million, or $1.43 per diluted share. This compares to net income of $3.4 million, or $1.67 per diluted share, in the fourth quarter of 2019, and $3.0 million, or $1.45 per diluted share, in the first quarter of 2019. The company also announced its board of directors declared a quarterly cash dividend of $0.57 per share. The dividend will be payable July 10, 2020, to shareholders of record as of June 25, 2020. Heartland has paid regular quarterly cash dividends since 1993. “Our first quarter operating results were highlighted by strong net interest income, robust organic balance sheet expansion and a completed digital solutions conversion. Additionally, we closed on our first acquisition earlier this month and started up the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”). While the unde
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