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Horizon Bancorp Inc   (HBNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $11.8500 $-0.01 -0.084%
Day's High: $12.15 Week Perf: -5.43 %
Day's Low: $ 11.83 30 Day Perf: -2.71 %
Volume (M): 475 52 Wk High: $ 14.71
Volume (M$): $ 5,625 52 Wk Avg: $11.24
Open: $11.83 52 Wk Low: $7.69



 Market Capitalization (Millions $) 518
 Shares Outstanding (Millions) 44
 Employees 558
 Revenues (TTM) (Millions $) 185
 Net Income (TTM) (Millions $) 28
 Cash Flow (TTM) (Millions $) 403
 Capital Exp. (TTM) (Millions $) 8

Horizon Bancorp Inc
Horizon Bancorp is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the “Bank”) and other affiliated entities and Horizon Risk Management, Inc. Horizon operates as a single segment, which is commercial banking. Horizon’s common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. The Bank was chartered as a national banking association in 1873 and has operated continuously since that time. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company incorporated in Nevada and was formed as a wholly owned subsidiary of Horizon.


   Company Address: 515 Franklin Street Michigan City 46360 IN
   Company Phone Number: 879-0211   Stock Exchange / Ticker: NASDAQ HBNC
   


Customers Net Income fell by HBNC's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BANR   -2.53%    
BK   -0.33%    
BPOP   -2.87%    
CFG   -2.19%    
FITB   -2.51%    
NTRS        1.27% 
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Horizon Bancorp Inc

Horizon Bancorp Inc's Stock Price Soars Despite Financial Challenges

Horizon Bancorp Inc, a regional bank company, has recently seen an increase in its share price over the last month and the last five trading days, despite facing some challenges in its financial performance. The company's shares have seen a 3.35% increase over the course of the last 30 days and a 4.34% increase over the last five trading days. This positive movement in the stock price is a good sign for investors, but it is important to also consider the company's financial results and operational performance in order to fully understand the reasons behind this increase.
For the period ending December 31, 2023, Horizon Bancorp Inc reported a shortfall of $-0.57 per share, compared to a profit of $0.48 per share in the previous year. This decrease in earnings per share is concerning and indicates that the company may be facing challenges in generating profits. The revenue also fell sharply by -63.126% to $20.53 million from $55.69 million in the same period a year before. This drop in revenue could be attributed to various factors such as slowing demand or changes in the market environment.

Management Announcement

Horizon Bancorp: A Strategic Shift and the Pursuit of Financial Excellence

Published Tue, Dec 12 2023 9:05 PM UTC



In a recent press release, Horizon Bancorp, Inc. (HBNC) announced its decision to execute a balance sheet repositioning strategy, focusing on its investment securities portfolio and bank-owned life insurance policies. This move comes as the company faces a decline in its revenue per employee and a deteriorating overall ranking compared to its peers within the Finan...

Horizon Bancorp Inc

Regional Banks Company Experiences Alarming EPS Deterioration During Recent Fiscal Period



Regional Banks Company, a prominent player in the financial sector, recently reported disappointing financial results for the most recent fiscal period. The company's net profit per share dropped by 32.73%, while revenue witnessed a significant decline of 16.401% compared to the previous year. These figures reflect a troubling trend that warrants a closer examination of the company's overall financial health and future prospects.
Profitability Woes:
The alarming decline in profits is evident when comparing the net profit per share for the most recent fiscal period, which stood at $0.37, to the previous year's figure of $0.55. This represents a decrease of 32.73% and indicates a concerning trend for Regional Banks Company. Moreover, compared to the preceding quarter, profits fell by 13.95% per share. These declining profit margins raise questions about the company's ability to sustain its financial performance in the near future.

Horizon Bancorp Inc

Horizon Bancorp Inc Struggles to Keep Pace with Regional Banks as Profits Take a Hit in Q2 2023

Horizon Bancorp Inc, a regional bank, experienced a decrease in revenue and profits in the second quarter of 2023. Income fell by -24.56% to $0.43 per share, and revenue decreased by -13.381% year on year. Revenues were $56.48 million, down from $65.20 million in the second quarter of 2022.
In comparison to the overall Regional Banks industry, which saw an 11.47% revenue growth in the second quarter of 2023 relative to Q2 of 2022, Horizon Bancorp Inc's performance was not as favorable. However, the company did show improvement compared to previous periods. Income improved by 2.38% from $0.42 per share, and revenue advanced by 3.409% from $54.62 million.

Horizon Bancorp Inc

Drastic Decline: Horizon Bancorp Inc. Faces 22% Plunge in Income per Share in Q1 of 2023

Horizon Bancorp Inc. is a regional bank holding company headquartered in Michigan City, Indiana. The company operates as a community bank, providing a range of financial services to businesses, families, and individuals in Indiana and Michigan.
However, the financial first quarter of 2023 did not bring good news for the financial institution. The revenue and profitability both fell, with income decreasing by -22.22 % to $0.42 per share and revenue by -14.278 % year on year. Revenue in this quarter was $54.62 million compared to $63.71 million in the similar period a year ago. The profits were down by -12.61 % from $0.48 per share and revenue decreased by -1.925 % from $55.69 million from the preceding three months.






 

Horizon Bancorp Inc's Segments
 
 
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