Heartland Financial USA, Inc. (“Heartland”) announced that Susan G. Murphy, Principal at Denver-based Grace Alliance, LLC, has been elected to serve on its Board of Directors. Ms. Murphy will serve as an independent director until Heartland’s annual meeting in 2021.

Highlights

Heartland Financial USA, Inc. (NASDAQ: HTLF), announced that its board of directors approved an eight percent increase in its regular quarterly cash dividend to $0.14 per share on the company's common stock payable on August 31, 2018, to stockholders of record at the close of business on August 10, 2018. As of June 30, 2018, there were 34,438,445 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that Heartland Board of Directors has named Bruce Lee, Chief Executive Officer. Effective June 1, 2018, Bruce Lee, who has served as Heartland’s President since January 2015, will assume his expanded role as President and CEO of Heartland Financial, USA. Inc. Lee will assume full leadership of Heartland’s operations and its 10, soon to be 11, bank charters serving 89 communities from 117 banking centers.

Heartland Financial USA, Inc. (NASDAQ: HTLF), today announced that Kevin Ahern, Chairman of Citywide Banks, has been promoted to Heartland’s Executive Vice President, Private Client Services.

Heartland Financial USA, Inc. (NASDAQ: HTLF) today reported net income available to common stockholders of $23.3 million, or $0.76 per diluted common share, for the quarter ended March 31, 2018, compared to $18.0 million, or $0.68 per diluted common share, for the first quarter of 2017. Return on average common equity was 9.32% and return on average assets was 0.97% for the first quarter of 2018, compared to 9.71% and 0.89%, respectively, for the same quarter in 2017.