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Last $24.10 USD
Change Today +0.14 / 0.58%
Volume 18.3K
HBNC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

horizon bancorp indiana (HBNC) Snapshot

Open
$23.85
Previous Close
$23.96
Day High
$24.20
Day Low
$23.85
52 Week High
12/23/14 - $26.75
52 Week Low
06/4/14 - $20.11
Market Cap
222.5M
Average Volume 10 Days
21.9K
EPS TTM
$2.08
Shares Outstanding
9.2M
EX-Date
03/31/15
P/E TM
11.6x
Dividend
$0.56
Dividend Yield
2.24%
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: 03/13/15
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 - Special Call

Horizon Bancorp - Special Call

Horizon Bancorp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge Offs for the First Quarter Ended March 31, 2015

Horizon Bancorp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, total interest income was $20,093,000 against $16,467,000 in the same period a year ago. Net interest income was $16,886,000 against $13,272,000 in the same period a year ago. Income before income tax expense was $4,280,000 against $7,407,000 in the same period a year ago. Income before income tax was $7,270,000 against $4,280,000 in the same period a year ago. Net income available to common shareholders was $5,327,000 or $0.55 per diluted share against $3,386,000 or $0.38 per diluted share in the same period a year ago. The increase in net income from the previous year reflects an increase in interest income primarily due to loan growth and an increase in non-interest income due to an increase in gain on sale of mortgage loans, interchange fees and fiduciary activities partially offset by an increase in the provision expense and non-interest expenses. Return on average assets was 1.05% against 0.79% last year. Return on average common stockholders' equity was 11.66% against 8.81% last year. Book value per common share was $20.25 against $18.22, last year. Tangible book value per common share was $16.80 against $15.52, last year. $16.80 is the high tangible book value per share in the company’s history. Non-GAAP net income was $5,358,000 or $0.55 per diluted share against $3,417,000 or $0.28 per diluted share, last year. For the quarter, the company reported net charge offs of $481,000.

Horizon Bancorp Amends and Restates Bylaws

On March 20, 2015, the Board of Directors of Horizon Bancorp amended the company's Amended and Restated Bylaws to allow the Board of Directors to set the date of the annual meeting of shareholders for any time during the year. The Bylaws previously provided that the annual meeting of shareholders must be held before the last day of May each year. The foregoing Bylaws amendment became effective on the date of its adoption.

 

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Industry Analysis

HBNC

Industry Average

Valuation HBNC Industry Range
Price/Earnings 11.6x
Price/Sales 2.4x
Price/Book 1.2x
Price/Cash Flow 11.0x
TEV/Sales NM Not Meaningful
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