Heartland Financial USA Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income was $47,507,000 against $47,622,000 a year ago. Net interest income was $37,974,000 against $36,837,000 a year ago. Income before income taxes was $12,520,000 against $7,888,000 a year ago. Net income attributable to company was $8,825,000 or $0.50 per diluted share against $6,248,000 or $0.31 per diluted share a year ago. Book value per common share was $18.99 against $18.81 a year ago. Annualized return on average assets were 0.71% against 0.49% a year ago. Annualized return on average common equity was 10.59% against 7.77% a year ago. Annualized return on average common tangible equity was 11.61% against 8.66% a year ago.

For the full year, the company reported total interest income was $189,338,000 against $191,737,000 a year ago. Net interest income was $150,156,000 against $145,394,000 a year ago. Income before income taxes was $72,524,000 against $38,310,000 a year ago. Net income attributable to company was $49,210,000 or $2.73 per diluted share against $28,044,000 or $1.23 per diluted share a year ago. Annualized return on average assets were 1.03% against 0.50% a year ago. Annualized return on average common equity was 15.59% against 7.77% a year ago. Annualized return on average common tangible equity was 17.19% against 8.70% a year ago. The factors contributing most significantly to the increased earnings on both a quarterly and annual basis in 2012 compared to 2011 were the continued expansion of mortgage operations, coupled with reduced provision for loan and lease losses and increased net interest income.

For the quarter, the company reported net loan charge offs of $5,036,000 against $6,295,000 a year ago.