Horizon Bancorp Stock Price, News & Analysis

Horizon Bancorp, Inc. (NASDAQ: HBNC) will host a conference call on April 28, 2022, at 7:30 a.m. CT to discuss its first quarter financial results. The earnings release will be issued after market close on April 27, 2022, and will be available on the company's website. Participants can access the live call by dialing in 10 minutes early. A replay will be available for a week post-call. Horizon Bancorp is a $7.4 billion commercial bank holding company, offering a range of personal and business banking services in the Midwest.

Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced a significant senior leadership restructuring effective April 1, 2022. Noe S. Najera will be promoted to Executive Vice President, overseeing consumer and mortgage lending. Lynn Kerber will become Chief Commercial Banking Officer, while Dennis Kuhn will serve as Regional President for Southwest Michigan. The changes follow the retirement of long-time President James D. Neff. Craig M. Dwight will assume the President role temporarily, with plans for a national search for a permanent successor.

Horizon, a $7.4 billion-asset bank, serves diverse Midwestern markets.

Horizon Bancorp announced record earnings for 2021, achieving net income of $87.1 million or $1.98 per diluted share. In Q4, net income was $21.4 million with an adjusted EPS of $0.54. Net interest income reached $50.0 million, up 7.4% sequentially. Although net interest margin decreased to 2.97%, the company is well-positioned for rising interest rates. Total loans declined to $3.60 billion, mainly due to a decrease in PPP loans. Horizon successfully integrated 14 acquired branches, contributing to stable deposit relationships.

Horizon Bancorp announced the appointment of Vanessa Williams as an independent director on the Board of its subsidiary, Horizon Bank. Williams, currently Senior Vice President and General Counsel of Kelly Services, brings extensive experience in legal affairs and risk management. She will serve on the Compensation and Asset Liability and Operation Committees. Horizon Bancorp emphasizes that her leadership will support the company's strategy for growth and shareholder value creation.

On January 19, 2022, Horizon Bancorp announced the appointment of Vanessa Williams as an independent director at Horizon Bank. Williams, currently the Senior Vice President and General Counsel at Kelly Services, brings extensive experience in legal affairs and risk management to the board. She will also serve on the Compensation and Asset Liability & Operations Committees. This strategic move aims to enhance growth and shareholder value, as stated by Chairman and CEO Craig M. Dwight.

Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced a conference call scheduled for January 27, 2022, at 7:30 a.m. CT to discuss its fourth quarter 2021 financial results. The financial results will be released on January 26, 2022, after market close. Horizon, a $7.5 billion–asset bank holding company, serves customers in the Midwest with various banking services including personal and commercial lending. Participants can access the call via designated phone numbers for the US, Canada, and international locations.

Horizon Bancorp (NASDAQ GS: HBNC) will host its 2021 Virtual Investor Day on December 2, 2021, at 11:00 a.m. CT. The event will showcase the company's disciplined operations and recent branch acquisition in Michigan. Key executives, including CEO Craig Dwight and CFO Mark Secor, will present insights and engage in a live Q&A session. Investors can access the event and presentation slides via Horizon's website. A replay of the event will be available until March 2, 2022, reinforcing Horizon's commitment to transparency and investor engagement.

Horizon Bancorp reported strong financial results for Q3 2021, with a record net income of $23.1 million, a 4.0% increase from Q2 2021. The company completed its acquisition of 14 branches in Michigan, enhancing its low-cost deposit franchise. Net interest income reached a record $46.5 million, driven by organic loan growth and an efficiency ratio of 54.88%. Horizon's total deposits rose by $1.20 billion to $5.98 billion. However, the tangible book value per share decreased to $12.05 due to share repurchases and goodwill amortization. Cash dividends increased by 15.4% to $0.15 per share.

Horizon Bancorp, Inc. (NASDAQ: HBNC) will host a conference call on October 28, 2021, at 7:30 a.m. CT to discuss its third quarter 2021 financial results. The related press release will be available after market close on October 27, 2021, on the company's website. Participants can access the call by dialing specific numbers based on their location. A replay will be available until November 4, 2021. Horizon Bancorp provides a range of banking services, focusing on commercial lending and digital banking solutions.