GlobeNewswire Inc | Jan 21, 2021 11:36AM EST

January 21, 2021

Dubuque, IA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Heartland Financial USA, Inc. (NASDAQ: HTLF), announced that its board of directors approved a 10% increase in its regular quarterly cash dividend to $0.22 per share on the company's common stock payable on February 26, 2021, to stockholders of record at the close of business on February 12, 2021. As of December 31, 2020, there were 42,093,862 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

About Heartland FinancialAbout Heartland Financial USA, Inc. Heartland is a diversified financial services company and after completing the acquisition of AimBank and Johnson Banks four Arizona branches, which closed on December 4, 2020, Heartland has total assets of almost $18 billion. The company provides banking, mortgage, private client, investment, treasury management, card services and insurance to individuals and businesses. Heartland currently has over 140 banking locations serving 102 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland is available at www.htlf.com. Safe Harbor Statement This release, and future oral and written statements of Heartland and its management, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Heartlands financial condition, results of operations, plans, objectives, future performance and business. Although these forward-looking statements are based upon the beliefs, expectations and assumptions of Heartlands management, there are a number of factors, many of which are beyond the ability of management to control or predict, that could cause actual results to differ materially from those in its forward-looking statements. These factors, which are detailed in the risk factors included in Heartlands Annual Report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the strength of the local and national economy; (ii) the economic impact of past and any future terrorist threats and attacks and any acts of war, (iii) changes in state and federal laws, regulations and governmental policies concerning the Companys general business; (iv) changes in interest rates and prepayment rates of the Companys assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new litigation involving the Company; and (xi) changes in accounting policies and practices. All statements in this release, including forward-looking statements, speak only as of the date they are made, and Heartland undertakes no obligation to update any statement in light of new information or future events.

ContactEVP, Chief Financial Officer Bryan R. McKeagBMcKeag@htlf.com 563.589.1994