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.
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.
Horizon Bancorp, Inc. (NASDAQ: HBNC) has regained compliance with NASDAQ listing rule 5250(c)(1) by timely filing its 2022 Form 10-K with the SEC on March 15, 2023. The company had previously been notified of its non-compliance on March 6, 2023, due to the late filing. This compliance reinstatement resolves the issue, allowing Horizon to maintain its listing on NASDAQ. The firm operates as a $7.9 billion-asset commercial bank, offering a range of banking services across the Midwestern U.S.
Horizon Bancorp (NASDAQ: HBNC) received notice from NASDAQ for failing to timely file its Annual Report on Form 10-K for the year ending December 31, 2022, due on March 1, 2023. The company has 60 days to submit a compliance plan. Horizon stated it misclassified its status as an 'accelerated filer,' leading to the missed deadline. This marks the first instance in its history of non-compliance with NASDAQ rules. The company is addressing material weaknesses in financial reporting and does not expect significant changes to prior financial results. Horizon plans to file the 2022 Form 10-K soon and believes it can comply with all NASDAQ requirements.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) will host its 2022 Virtual Investor Day on February 21, 2023, at 11:00 a.m. CT. The event, featuring key executives, will review the company's performance for 2022, outline strategies for 2023, and provide an outlook for the future. Notable presenters include Craig M. Dwight, Chairman & CEO, and Thomas M. Prame, President. Participants can join the live event or access presentation slides via the company's website. A replay will also be available post-event on the Investor Relations section.
Horizon Bancorp reported robust financial results for the year ending December 31, 2022, with record net income of $93.4 million, or $2.14 per diluted share, representing a 7.3% increase from $87.1 million in 2021. Total loans increased by 13.4% to $4.16 billion, driven by a 30.6% rise in consumer loans. Fourth-quarter net income was $21.2 million, down from $23.8 million in Q3 2022, largely due to lower net interest income and higher credit loss expenses. The return on average assets was 1.24%, and non-interest expense was managed effectively. The company's capital ratios exceeded regulatory requirements, signaling a strong financial position.
MICHIGAN CITY, Ind., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced the appointment of Thomas M. Prame as CEO effective June 1, 2023. Prame, who joined Horizon in August 2022, will succeed Craig M. Dwight, who has served as CEO since 2001 and will retire on July 3, 2023, but remain Chairman of the Board. Under Dwight’s leadership, Horizon's assets grew from $400 million to $7.7 billion. The Board expressed confidence in Prame’s strategic focus and operational efficiency, aiming to enhance customer relationships and expand in Indiana and Michigan markets.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced the retirement of Daniel F. Hopp from its Board of Directors, effective December 31, 2022, after 18 years of service. Hopp's tenure included leadership during significant growth, expanding from 10 to over 70 offices and increasing assets from $904 million to $7.7 billion. Vanessa P. Williams has been appointed to the Board, effective January 1, 2023. She brings extensive experience in legal affairs and risk management, having previously served as Senior Vice President and General Counsel at Kelly Services. Her appointment aims to continue the legacy of strong governance.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) will hold a conference call on January 26, 2023, at 7:30 a.m. CT to discuss its fourth quarter 2022 financial results. The corresponding press release will be available after market close on January 25, 2023. Horizon Bancorp has $7.7 billion in assets and offers a variety of financial services across the Midwest. Their loan portfolio includes a significant focus on commercial lending, making up over half of total loans. For further details, visit their website.
Horizon Bancorp reported its financial results for Q3 2022, highlighting a 7.8% annualized growth in loans, contributing to an increase in net interest income, which rose to $53.4 million. Despite lower residential mortgage lending and rising costs, net income was $23.8 million, showcasing a 3.3% year-over-year increase. Asset quality remained robust with 0.12% delinquency rates. However, unrealized losses on investments totaled $161.8 million, impacting tangible capital.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced the appointment of Thomas M. Prame as President, effective August 15, 2022. This strategic move aims to bolster Horizon’s leadership in its expansion efforts, focusing on lending teams, technology, and customer relationships. Prame brings extensive experience from First Midwest Bancorp, where he significantly enhanced digital technology and efficiency. His leadership is expected to advance Horizon’s growth in the Midwest markets, particularly Indiana and Michigan, fostering a technology-enabled business model for long-term success.