Heartland BancCorp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $8,340,164 against $31,855,692 a year ago. Net interest income was $7,279,136 against $27,758,407 a year ago. Net interest income after provision for loan losses was $7,144,136 against $27,113,407 a year ago. Income before income tax was $3,023,410 against $11,135,048 a year ago. Net income was $2,161,952 against $7,988,259 a year ago. Diluted earnings per share was $1.33 against $1.77 a year ago. Return on average assets was 1.12% against 1.59% a year ago. Return on average equity was 12.24% against 17.51% a year ago. Total revenues (net interest income before the provision for loan losses, plus non-interest income) were $8.2 million in the fourth quarter, compared to $8.3 million in the fourth quarter a year ago.

For the year, the company reported total interest income of $7,480,854 against $28,754,809 a year ago. Net interest income was $6,589,824 against $25,448,933 a year ago. Net interest income after provision for loan losses was $6,469,824 against $24,688,933 a year ago. Income before income tax was $3,589,065 against $11,083,267 a year ago. Net income was $  8,127,700 against $2,808,819 a year ago. Diluted earnings per share was $4.97 against $5.13 a year ago. Return on average assets was 1.05% against 1.18% a year ago. Return on average equity was 11.49% against 12.91% a year ago. Book value per common share was $45.10 against $42.67 a year ago. Tangible book value per common share was $44.83 against $42.40 a year ago.

For the quarter, the company's net charge-offs were $304,000 in the fourth quarter compared to $251,000 in the preceding quarter, and $54,000
in the fourth quarter a year ago.