Heartland posts 21% gain in quarterly profit, affirms guidance

Wed, 16 Nov 2016

By Jonathan Underhill Nov. 17 (BusinessDesk) - Heartland Bank reported a 21 percent increase in quarterly profit, reflecting growth in its loan book, and affirmed its guidance for 2017 earnings to rise as much as 11 percent. Profit was $14.3 million in the three months ended Sept. 30 from $11.8 million a year earlier, the Auckland-based lender's disclosure statement shows. Net interest income rose to $38.8 million from $35.6 million. Heartland affirmed the guidance for 2017 profit of $57 million to $60 million that it gave with its 20...

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