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Last $24.26 USD
Change Today -0.74 / -2.96%
Volume 164.3K
HBNC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

horizon bancorp indiana (HBNC) Snapshot

Open
$25.12
Previous Close
$25.00
Day High
$25.28
Day Low
$22.68
52 Week High
12/23/14 - $26.75
52 Week Low
07/28/15 - $20.50
Market Cap
224.0M
Average Volume 10 Days
50.1K
EPS TTM
$2.00
Shares Outstanding
9.2M
EX-Date
06/24/15
P/E TM
12.1x
Dividend
$0.56
Dividend Yield
2.26%
Current Stock Chart for HORIZON BANCORP INDIANA (HBNC)

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horizon bancorp indiana (HBNC) Details

Horizon Bancorp operates as the bank holding company for Horizon Bank, N.A. that provides commercial and retail banking services in Northwestern and Central Indiana, and Southwestern and Central Michigan. The company offers demand deposits, non-interest bearing and interest-bearing deposits, savings accounts, money market deposits, and NOW accounts. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; residential mortgage, residential construction, and mortgage warehouse loans; and consumer loans. The company also provides corporate and individual trust and agency services, and investment management services. It maintains 31 full service offices. Horizon Bancorp was founded in 1873 and is headquartered in Michigan, Indiana.

448 Employees
Last Reported Date: 05/22/15
Founded in 1873

horizon bancorp indiana (HBNC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $429.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $236.0K
Executive Vice President, President of Horizo...
Total Annual Compensation: $284.6K
Executive Vice President, President of The No...
Total Annual Compensation: $202.0K
Corporate Secretary and Executive Vice Presid...
Total Annual Compensation: $268.6K
Compensation as of Fiscal Year 2014.

horizon bancorp indiana (HBNC) Key Developments

Horizon Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge Offs for the Second Quarter Ended June 30, 2015

Horizon Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net interest income of $17,850,000, income before income tax of $6,480,000, net income attributable to common shareholders of $4,697,000 or $0.49 per diluted share against net interest income of $16,788,000, income before income tax of $6,668,000, net income attributable to common shareholders of $4,746,000 or $0.50 per diluted share a year ago. The decrease in net income and earnings per share from the previous year reflects an increase in the provision for loan losses of $1.6 million primarily due to one commercial loan charge-off of $1.3 million, and an increase in non-interest expenses of $242,000 primarily due to an increase in salaries and employee benefits, professional fees and loan expense. Excluding acquisition-related expenses and purchase accounting adjustments, net income for the second quarter of 2015 was $4.6 million or $0.48 diluted earnings per share compared to $4.6 million or $0.48 diluted earnings per share in the second quarter of 2014. For the six months, the company reported net interest income of $34,736,000, income before income tax of $13,750,000, net income attributable to common shareholders of $10,023,000 or $1.04 per diluted share against net interest income of $30,060,000, income before income tax of $10,948,000, net income attributable to common shareholders of $8,132,000 or $0.88 per diluted share a year ago. Tangible book value per share rose to $17.06 at June 30, 2015, compared to $15.47 at June 30, 2014. Return on average assets was $0.87% against 0.97% a year ago. Return on average common stockholders' equity was 9.88% against 10.95% a year ago. For the quarter, the company reported net charge offs of $2,119,000.

Horizon Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-29-2015 10:00 AM

Horizon Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-29-2015 10:00 AM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Mark E. Secor, Chief Financial Officer, Chief Accounting Officer, Executive Vice President, Chief Financial Officer of Horizon Bank NA and Executive Vice President of Horizon Bank NA.

Horizon Bancorp - Special Call

Horizon Bancorp - Special Call

 

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Industry Analysis

HBNC

Industry Average

Valuation HBNC Industry Range
Price/Earnings 11.7x
Price/Sales 2.5x
Price/Book 1.2x
Price/Cash Flow 11.2x
TEV/Sales NM Not Meaningful
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