STOCK TITAN

Horizon Bancorp Inc (IN) - HBNC STOCK NEWS

Welcome to our dedicated news page for Horizon Bancorp (IN) (Ticker: HBNC), a resource for investors and traders seeking the latest updates and insights on Horizon Bancorp (IN).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Horizon Bancorp (IN)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Horizon Bancorp (IN)'s position in the market.

Rhea-AI Summary
Horizon Bancorp, Inc. will host a conference call to review its first quarter 2024 financial results. The news release will be available on their website, and participants can access the call via phone. A replay will be available for a time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
-
Rhea-AI Summary
Horizon Bank appoints David Pendley as the divisional President of Mortgage Banking, aiming to expand market share and grow the mortgage division. Pendley brings over 30 years of experience and plans to leverage Horizon's strong client base and funding capability for profitable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
management
-
Rhea-AI Summary
Horizon Bancorp, Inc. announced strong unaudited financial results for the fourth quarter of 2023, with notable loan growth, stable core deposit balances, and improved asset quality. The company's successful balance sheet restructure provides ample liquidity for future earnings growth. Additionally, progress in building out the leasing platform is expected to have a positive impact in the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
Tags
Rhea-AI Summary
Horizon Bancorp, Inc. (HBNC) to host conference call to review Q4 and full year 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
-
Rhea-AI Summary
Horizon Bancorp, Inc. (HBNC) announced a balance sheet repositioning, selling $382.7 million in available-for-sale securities and surrendering $112.8 million in bank owned life insurance. The company expects the transactions to improve net interest income and flexibility in funding strategies. The proceeds will be re-deployed into higher yielding loans and other liquid assets, with an estimated annual contribution of $13 million to net income and $0.30 to earnings per share. The company's regulatory capital ratios remain above well capitalized levels, with the transactions expected to be neutral to tangible common equity and stockholders’ equity while enhancing the efficiency of the Bank’s balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.08%
Tags
none
-
Rhea-AI Summary
NASDAQ GS: HBNC - Horizon Bancorp, Inc. Announces CFO Succession Plan and Restructuring of Mortgage and Consumer Lending Leadership
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
management
Rhea-AI Summary
Horizon Bank has announced the formation of a new equipment finance division, led by Joel Mikolich. The division will offer business equipment financing solutions to small and medium-sized businesses nationwide, aiming to enhance Horizon's services and promote profitable growth. Mikolich, a seasoned veteran of the industry, brings over 20 years of experience and a successful track record. The immediate goal is to build a well-rounded team and originations platform by Q4 2023, with operations expected to begin in early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
-
Rhea-AI Summary
Horizon Bancorp, Inc. reports unaudited financial results for Q3 2023, with net income of $16.2 million and loans increasing by 8.2% annualized. Net interest income was $42.1 million, and non-interest income expanded to $11.8 million. Non-interest expense slightly improved, and asset quality remained sound. The company's dividend performance had a 5.99% yield as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
-
Rhea-AI Summary
Horizon Bancorp to host conference call to review Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
Horizon Bancorp Inc (IN)

Nasdaq:HBNC

HBNC Rankings

HBNC Stock Data

509.48M
41.74M
2.89%
66.12%
1.65%
Commercial Banking
Finance and Insurance
Link
US
Michigan City

About HBNC

horizon is a community bank serving northern and central indiana as well as central southwest michigan and ohio. our focus is to anticipate and fulfill customer needs with exceptional service and sensible advice. this philosophy is what has kept us operating under our original charter and growing stronger than ever since 1873. each horizon office is led by experienced, local professionals with deep roots in the communities they represent. these professionals are given autonomy that calls for local decision-making, rather than decisions made at a corporate entity hundreds of miles away. with a proud legacy of service, we take seriously our responsibility to assist in the growth and prosperity of the communities we also call home. member fdic i equal housing lender