Heartland Bancorp Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares First Quarter Dividend Payable on Payable April 10, 2013
January 22, 2013 at 06:30 pm IST
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Heartland Bancorp announced earnings results for the fourth quarter and full year ended December 31, 2012. Earnings for the fourth quarter ended December 31, 2012 totaled $785,000 or $0.50 per share compared to earnings of $1.228 million or $0.79 per share for the fourth quarter of 2011. Net interest income before provision for loan loss was $5.691 million up 8% or $401,000 from the prior year amount of $5.290 million.
Net income for the year ended December 31, 2012 increased 32% or $1.630 million to $6.699 million or $4.31 per share compared to earnings of $5.069 million or $3.27 per share for the prior year ended December 31, 2011. Net interest income, before provision for loan loss for 2012, increased 3% to $21.737 million compared to $21.128 million for 2011.
The company announced the board of directors declared first quarter 2013 cash dividend of $0.3217 per share to shareholders of record March 25, 2013 payable April 10, 2013 resulting in an annual dividend yield of 4.37% based on the closing price of shares at December 31, 2012.
Heartland BancCorp is a financial holding company. The Companyâs principal activity is the ownership and management of its subsidiaries, Heartland Bank (the Bank) and TransCounty Title Agency, LLC. The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in central Ohio and northern Kentucky. The Bank operates approximately 19 full-service offices located in Fairfield, Franklin and Licking Counties of Central Ohio and Boone, Campbell and Kenton counties of Northern Kentucky. It offers personal banking, business banking and lending services and products. Personal banking offering includes checking, savings, online banking, mobile wallet, rate center, debit and credit cards, and additional products and services. Business banking offering includes checking, savings, treasury management, products and services, and rate center. Lending solutions include home mortgage, personal loan, business loan, agribusiness and other.
Heartland Bancorp Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares First Quarter Dividend Payable on Payable April 10, 2013