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 (NASDAQ: HBNC) reported record earnings for Q2 2022, with net income reaching $24.9 million, a 5.5% increase from the prior quarter and 12.1% year-over-year. Diluted EPS rose to $0.57. Pre-tax, pre-provision net income surged 13.1% from the preceding quarter to $29.1 million. Total loans grew 6.2% to $3.89 billion, with consumer loans experiencing a 12.6% increase. However, the company recorded a one-time charge of $380,000 for closing seven branch locations.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) will hold a conference call on July 28, 2022, at 7:30 a.m. CT to discuss its second quarter 2022 financial results. The financial results will be released post-market on July 27, 2022. Investors can access the call by dialing the provided phone numbers, with a replay available until August 4, 2022. Horizon, a $7.4 billion–asset bank, offers a range of retail and business banking services across the Midwest, focusing on commercial lending, personal banking, and wealth management.
Horizon Bancorp (NASDAQ GS: HBNC) announced a 6.67% increase in its quarterly cash dividend from $0.15 to $0.16 per share. The new dividend is payable on July 22, 2022, to stockholders of record as of July 8, 2022. This increase underscores Horizon's strong profitability and robust balance sheet, enabling a 30-year uninterrupted dividend payment history. Chairman and CEO Craig M. Dwight emphasized the bank's operational efficiency and asset quality as critical factors in this decision.
Horizon Bancorp Inc. (NASDAQ: HBNC) announced the election of Michele M. Magnuson as the new Lead Director, effective July 1, 2022. This election occurred during the Board meeting on June 21, 2022, as the previous Lead Director, Daniel Hopp, will retire at year's end. Magnuson has over 33 years of banking experience, previously serving as President and CFO of LaPorte Bancorp. Her extensive industry knowledge and local familiarity are expected to enhance the Board's effectiveness. Magnuson's term will last until June 30, 2025.
Horizon Bancorp reported a record net income of $23.6 million for Q1 2022, a 10.0% increase from the previous quarter. Diluted earnings per share rose to $0.54, exceeding prior year results. Loan growth was significant with total loans reaching $3.66 billion, up 2.3% quarterly. The net interest margin improved to 2.99%. However, unrealized losses on investments amounted to $73.6 million, impacting tangible capital ratio to 6.94%. Horizon aims for continued organic growth supported by strong credit quality and a scalable business model.
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.