Welcome to our dedicated page for Horizon Bancorp news (Ticker: HBNC), a resource for investors and traders seeking the latest updates and insights on Horizon Bancorp stock.
Horizon Bancorp, Inc. (HBNC) is a commercial bank holding company for Horizon Bank, serving Midwestern markets through branches in Indiana and Michigan and through digital and virtual tools. The HBNC news feed on Stock Titan aggregates company announcements, SEC-related disclosures, and other public communications that Horizon issues to investors and the broader market.
Investors following HBNC news will see earnings-related updates, such as announcements of quarterly financial results and the scheduling of conference calls to review those results. The company has issued press releases detailing the timing of its third and fourth quarter earnings releases and associated investor calls, and these items are reflected in the news flow. Horizon also uses news releases to highlight capital markets transactions, including underwritten public offerings of common stock and the issuance of fixed-to-floating rate subordinated notes intended to support balance sheet repositioning and regulatory capital.
The HBNC news stream also features balance sheet and capital strategy updates, where Horizon describes actions such as securities sales, prepayment of borrowings, and planned changes in loan and deposit composition as part of a broader restructuring plan. In addition, the company announces corporate governance and leadership developments, including the appointment of independent directors to its board and senior leadership changes at Horizon Bank, such as new heads of human resources and marketing.
By monitoring HBNC news, readers can track how Horizon Bancorp, Inc. communicates about its commercial and retail banking activities, capital raising efforts, dividends, and governance decisions. This page provides a consolidated view of these public announcements, allowing users to review the company’s recent disclosures and consider them alongside other market information.
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On April 26, 2023, Horizon Bancorp reported its financial results for Q1 2023, marking 150 years of continuous operations. Net income reached $18.2 million, or $0.42 per share, down from $21.2 million in Q4 2022 and $23.6 million in Q1 2022. Total deposits declined to $5.70 billion, a decrease of $155.8 million, primarily due to reduced municipal deposits. However, loan balances rose to $4.25 billion, with an annualized growth rate of 8.3%. The net interest margin decreased to 2.67% from 2.85% in Q4 2022. Despite challenges in the competitive deposit environment and rising interest rates, the company maintains a robust capital position, with a tangible capital ratio of 6.87% and an annualized dividend yield of 5.79% as of March 31, 2023. Looking ahead, Horizon aims to capitalize on new loan originations and prudent expense management.
Horizon Bancorp, Inc. (NASDAQ: HBNC) is set to announce its first quarter 2023 financial results on April 26, 2023, after market close. The company will host a conference call at 7:30 a.m. CT on April 27, 2023, to discuss these results. Horizon, a $7.9 billion asset bank holding company, provides diverse banking services across the Midwest, specializing in commercial lending, which constitutes over 50% of total loans. Investors can access the conference call via designated phone numbers, and a replay will be available after the call through May 4, 2023. More details are accessible on Horizon's Investor Relations website.
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