WHITEHALL, Ohio, April 19, 2022 (GLOBE NEWSWIRE) -- Heartland BancCorp (“Heartland” and “the Company”) (OTCQX:HLAN) today reported net income of $4.0 million, or $1.99 per diluted share in the first quarter of 2022, compared to $4.6 million, or $2.29 per diluted share in the first quarter of 2021, and $5.0 million, or $2.48 per diluted share, in the preceding quarter. Results for the first quarter of 2022 reflect lower interest and fees on Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans compared to the prior quarter and the year ago quarter, due to slowing PPP loan forgiveness as the program nears its conclusion.
Heartland BancCorp Earns $4.0 Million, or $1.99 Per Diluted Share, in the First Quarter of 2022; Declares Quarterly Cash Dividend of $0.69 per Share
Globe Newswire - Press Release
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