DENVER (AP) — DENVER (AP) — Heartland Financial USA Inc. (HTLF) on Monday reported first-quarter profit of $51.7 million.

The bank, based in Denver, said it had earnings of $1.16 per share. Earnings, adjusted for non-recurring costs, came to $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The multibank holding company posted revenue of $279.4 million in the period. Its revenue net of interest expense was $181.9 million, which missed Street forecasts.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTLF at https://www.zacks.com/ap/HTLF