HTLF Announces Strategic Plan

HTLF announced on Monday the details of its latest strategic plan and its year-end earnings. HTLF, which moved its headquarters from Dubuque to Denver, Colo., about a year ago, laid out “HTLF 3.0,” the moniker for its strategic initiatives aiming to increase revenue, efficiency, return on assets and capital allocation. Bruce Lee, president and CEO of HTLF, said one part of HTLF 3.0 is already completed — the repositioning of HTLF’s balance sheet, which resulted in the sale of investment securities totaling $865.4 million with a pre-tax loss of $140 million. Kevin Thompson, CFO of HTLF, said the securities were sold because they were low-yielding investments. He said the sale will result in a net interest income of about $6 million per quarter.