HGH - Heartland Group Holdings

[Old mate]

Bit of a price drop before results tomorrow.

[pierre]

Bit of a price drop before results tomorrow.

Yes - a bit surprising. I'm sure - to repeat Percy's mantra - they will do what they said they would do.

And who knows, Jeff might even have a pleasant surprise or two up his sleeve - like the dividend for example?

[thegreatestben]

Bad day for HMY is a bad day for HGH?

[RTM]

Bit of a price drop before results tomorrow.

Yes, waiting with interest. If I recall correctly, these guys often keep us waiting till later in the morning. Still…. Have STU and SUM to mull over in the meantime.

[sb9]

Yes, waiting with interest. If I recall correctly, these guys often keep us waiting till later in the morning. Still…. Have STU and SUM to mull over in the meantime.

Yep, gotta wait till at least 9.30. What they say, bankers are not early starters...

[pierre]

Yep, gotta wait till at least 9.30. What they say, bankers are not early starters...

Probably have lots of beans to count - need every available minute before 10am to make sure they don't miss any.

[Beagle]

All that translation into Te Reo that we absolutely "love" takes a bit of extra time

[Sideshow Bob]

Heartland announces full year NPAT of $87.0 million - NZX, New Zealand’s Exchange

Heartland announces full year NPAT of $87.0 million

24/8/2021, 9:33 amFLLYRNZX/ASX release

Heartland announces full year NPAT of $87.0 million (or $87.9 million on an underlying basis after removing the impacts of one-offs)
24 August 2021

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce a net profit after tax (NPAT) of $87.0 million for the financial year ended 30 June 2021 (FY2021), an increase of $15.1 million (20.9%) compared with the financial year ended 30 June 2020 (FY2020).

On an underlying basis, FY2021 NPAT was $87.9 million, an increase of $11.0 million (14.3%) compared with the FY2020 underlying NPAT.

Highlights for FY2021

‒ NPAT of $87.0 million, up 20.9% ($15.1 million). Underlying NPAT of $87.9 million, up 14.3% ($11.0 million) on FY2020 underlying NPAT.
‒ One-off items had a $0.8 million net impact on NPAT, consisting of $4.1 million of one-off net gains and $6.9 million of one-off expenses (net of tax).
‒ Gross finance receivables (Receivables) of $5.0 billion, up 7.9% ($368.5 million).
‒ Return on equity (ROE) of 11.9%, up 144 basis points (bps).
‒ Net interest margin (NIM) of 4.35%, up 2 bps.
‒ Net interest income (NII) of $233.5 million, up 7.8%.
‒ Cost to income (CTI) ratio of 46.8%, up 1.5 percentage points (pps). Underlying CTI ratio of 44.8%, down 0.1 pps, and CTI ratio of 43.9% for the second half of FY2021 (2H2021).
‒ Impairment expense as a percentage of average receivables decreased from 0.65% in FY2020 to 0.31% in FY2021.
‒ FY2021 final dividend of 7.0 cents per share (cps), taking FY2021 total dividend to 11.0 cps – an increase of 4.0 cps from FY2020 due to the easing of restrictions imposed by the Reserve Bank of New Zealand (RBNZ) on distributions by banks in New Zealand.
‒ Earnings per share (EPS) of 14.9 cps, up 2.4 cps.
‒ Heartland Bank Limited (Heartland Bank) remains one of two Australasian banks to have no reduction or adverse change to its ratings or outlook by Fitch Ratings since January 2020.
‒ Further digitalisation and continuous integration of product applications and platforms in New Zealand and Australia.
‒ New Zealand Reverse Mortgages awarded Consumer Trusted Accreditation (fourth consecutive year).
‒ Australian Reverse Mortgages awarded Your Magazine’s 5-Star Lender Award and InfoChoice’s Best Reverse Mortgage Award.
‒ Heartland Bank awarded Canstar Savings Bank of the Year 2021 (fourth consecutive year), and 5-Star Ratings for Outstanding Value for its Direct Call and YouChoose accounts.
‒ Heartland Bank became the National Foundation for Deaf and Hard of Hearing’s first Hearing Accredited Workplace.

See the attachments to this release, including the FY21 Results Release for further information.
- Ends -

[pierre]

Yes - a bit surprising. I'm sure - to repeat Percy's mantra - they will do what they said they would do.

And who knows, Jeff might even have a pleasant surprise or two up his sleeve - like the dividend for example?

Nice outcome for the year NPAT $87m up 20.9% - and yes Jeff did have a nice divvie surprise. Final of 7cps making total for the year 11cps.

[winner69]

Jeff will manage F22 profit to $97m (even though he says $93m to $96m)

That's all what matters