Heartland lifts third-quarter profit 11%, upbeat on annual guidance

Thu, 17 May 2018

By Rebecca Howard May 18 (BusinessDesk) - Heartland Bank lifted third-quarter profit 11 percent on continued lending growth and said it expects annual earnings to be at the upper end of its previously advised range of $65 million to $68 million. The Auckland-based lender generated a profit of $17.5 million in the quarter, taking net profit to $48.6 million in the nine months ended March 31, up from $44.9 million a year earlier. "While growth has been maintained overall, Heartland's strategy has been to grow those areas which are core...

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