Heartland sees more earnings growth in 2019 after lifting annual profit 11%

Tue, 14 Aug 2018

By Rebecca Howard Aug. 15 (BusinessDesk) - Heartland Bank is eyeing up acquisitions to maintain double-digit earnings growth in 2019 after its reverse mortgage business underpinned an 11 percent gain in annual profit. Net profit rose to $67.5 million in the year to June 30 from $60.8 million in the prior year. The Auckland-based lender expects net profit of $75 million to $77 million in the 2019 financial year with growth driven by digital development, customer focus and potential acquisitions. ”The board is confident in Heartland’s a...

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