Whitehall, OH – July 19, 2022 – Heartland BancCorp (“Heartland” and “the Company”) (OTCQX: HLAN), parent company of Heartland Bank (“Bank”), today reported net income of $3.9 million, or $1.94 per diluted share in the second quarter of 2022, compared to $4.2 million, or $2.06 per diluted share in the second quarter of 2021, and $4.0 million, or $1.99 per diluted share, in the preceding quarter. Results for the second quarter of 2022 reflect lower interest and fees on Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans compared to the prior quarter and the year ago quarter, due to slowing PPP loan forgiveness as the program nears its conclusion. In the first six months of 2022, net income was $8.0 million, or $3.93 per diluted share, compared to $8.8 million, or $4.35 per diluted share, in the first six months of 2021.