Horizon Bancorp, Inc. reports developments tied to its role as the commercial bank holding company for Horizon Bank. The company serves Midwestern customers through digital and virtual tools and branch operations in Indiana and Michigan, with retail banking, prime residential and other secured consumer lending, personal banking, wealth management, business banking, treasury management and equipment financing offerings.
Recurring news for HBNC centers on quarterly earnings, net interest margin, deposit gathering, loan growth, credit quality, capital generation and shareholder distributions. Company updates also cover board and leadership changes, conference calls, investor presentations and operating priorities within Horizon Bank’s community banking model.
Horizon Bancorp (NASDAQ GS: HBNC) has scheduled a conference call to discuss its second quarter 2025 financial results. The company will release its Q2 2025 earnings report after market close on Wednesday, July 23, 2025, followed by a conference call on Thursday, July 24, 2025, at 7:30 a.m. CT (8:30 a.m. ET).
Investors can access the live conference call using various dial-in numbers based on their location. A replay of the call will be available until August 1, 2025, accessible through dedicated replay phone numbers and access code 5878909.
Comcast (Nasdaq: CMCSA) has partnered with MIT Media Lab to create an immersive viewing experience of MIT's historic lunar mission, available on Xfinity X1 and www.tothemoontostay.org. The collaboration will provide:
- Live streams of the March 6 lunar landing
- First-ever 3D photos and videos of the Moon's surface
- Potential earth eclipse photos from the lunar surface
- Educational content and crew interviews
The initiative supports MIT's To the Moon to Stay mission, which sent three research payloads on Intuitive Machines' IM-2 mission via SpaceX. This precedes NASA's planned 2027 Artemis III mission to the moon's south pole. Comcast plans to expand the experience to Sky Glass, Sky Stream, and Xumo devices.
Horizon Bancorp (NASDAQ: HBNC) has scheduled a conference call to discuss its first quarter 2025 financial results on Thursday, April 24, 2025, at 7:30 a.m. CT. The company will release its Q1 2025 earnings report after market close on Wednesday, April 23, 2025.
Investors can access the live conference call by dialing specific numbers for the United States (833-974-2379), Canada (866-450-4696), or international locations (412-317-5772). A replay of the call will be available until May 2, 2025, accessible through different dial-in numbers with access code 6313653.
Horizon Bancorp (NASDAQ: HBNC) announced significant leadership changes to its Board of Directors. Craig Dwight will retire as Chairman effective May 1, 2025, following his written notice on February 24, 2025. The Board has elected Eric Blackhurst as Independent Chairperson, leveraging his seven-year tenure as Company Director and 35-year career at Dow Chemical Company.
With this transition, the Independent Lead Director role held by Michele Magnuson will be retired, though she will remain on the Board serving on the Compensation and Governance Committees. Additionally, Larry Magnesen, with over 20 years of experience at Fifth Third Bank, has joined Horizon Bank's Board of Directors effective February 25, 2025.
Horizon Bancorp (NASDAQ: HBNC) reported a net loss of $10.9 million ($0.25 per diluted share) for Q4 2024, compared to net income of $18.2 million in Q3 2024. The loss was primarily due to a $39.1 million pre-tax loss on investment securities sale, partially offset by a $5.1 million tax valuation allowance reversal.
Key Q4 2024 highlights include: net interest income increased to $53.1 million, marking the fifth consecutive quarterly increase; net interest margin expanded to 2.97%; total loans reached $4.91 billion, up $108.6 million from Q3; and total deposits declined by $126.4 million to $5.60 billion. Credit quality remained strong with annualized net charge-offs of 0.05%.
The company completed several strategic initiatives, including the repositioning of $332.2 million of available-for-sale securities and the sale of its mortgage warehouse division, effective January 17th, with gains to be recognized in Q1 2025.
Horizon Bancorp (NASDAQ GS: HBNC) has scheduled a conference call for January 23, 2025, at 7:30 a.m. CT to discuss its fourth quarter and full year 2024 financial results. The company will release its financial results after market close on January 22, 2025, which will be available on their investor relations website.
Participants can join the call by dialing specific numbers: 833-974-2379 (US), 866-450-4696 (Canada), or 412-317-5772 (international), requesting the "Horizon Bancorp Call." A replay will be available until January 31, 2025, accessible via 877-344-7529 (US), 855-669-9658 (Canada), or 412-317-0088 (international) using access code 3435614.
Horizon Bancorp reported Q3 2024 net income of $18.2 million, or $0.41 per diluted share, up from $14.1 million ($0.32) in Q2 2024. Net interest income increased for the fourth consecutive quarter to $46.9 million. The company maintained strong credit quality with annualized net charge-offs of 0.03%. Total loans held for investment remained at $4.8 billion, while deposits grew 1.7% to $5.7 billion. The company announced strategic actions including the repositioning of $325 million in securities and plans to sell its mortgage warehouse business in Q4 2024.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) has announced a conference call scheduled for October 24, 2024, at 7:30 a.m. CT to discuss its third quarter 2024 financial results. The company's Q3 news release will be published after market close on October 23, 2024, and will be available on their investor relations website. Participants can join the call by dialing specific numbers for the US, Canada, or international locations. A telephone replay of the call will be accessible until November 1, 2024.
Horizon Bank, an $8 billion financial institution and division of Horizon Bancorp, Inc. (NASDAQ GS: HBNC), has partnered with Blend (NYSE: BLND) to enhance its mortgage lending process. Blend's Mortgage Suite will provide Horizon Bank with a digital mortgage solution that streamlines the application experience, reduces origination costs, and boosts loan officer productivity.
Key features include:
- Advanced automation and mobile capabilities
- Seamless integration with existing infrastructure
- LO productivity tools for faster customer service
- Desktop and mobile access for loan officers
Blend processes over 20% of the nation's total mortgage origination volume and has demonstrated an average reduction of 8 days in loan cycle time, resulting in $914 in average cost savings per loan.
Horizon Bancorp (NASDAQ: HBNC) reported Q2 2024 results with EPS of $0.32, matching Q1 2024. Key highlights include:
- Net interest income increased to $45.3 million, up from $43.3 million in Q1 2024
- Net interest margin expanded to 2.64%, compared to 2.50% in Q1 2024
- Total loans grew 4.4% to $4.8 billion, driven by 5.6% commercial loan growth
- Credit quality remained strong with non-accrual loans declining to $18.3 million
- Deposits increased 0.9% to $5.6 billion
The company reported improved financial performance due to a strategic shift towards a more profitable earning asset mix and diligent expense management. Horizon's Indiana and Michigan markets continue to provide opportunities for organic growth.