Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers demand and time deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 73 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
IPO Year:
Exchange: NASDAQ
Website: horizonbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2024 | $18.00 | Outperform | Hovde Group |
| 7/6/2023 | Outperform → Mkt Perform | Raymond James | |
| 2/22/2023 | $17.00 | Overweight → Neutral | Piper Sandler |
| 10/28/2022 | $23.00 → $18.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/7/2022 | $23.00 → $22.00 | Strong Buy → Outperform | Raymond James |
| 12/3/2021 | $24.00 → $25.00 | Strong Buy | Raymond James |
| 10/29/2021 | $21.00 → $24.00 | Outperform → Strong Buy | Raymond James |
| 8/26/2021 | $20.00 → $21.00 | Outperform | Raymond James |
| 7/29/2021 | $22.00 → $20.00 | Outperform | Raymond James |
MICHIGAN CITY, Ind., Jan. 03, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, January 23, 2025 to review its fourth quarter and full year 2024 financial results. The Company's fourth quarter and full year 2024 news release will be published after markets close on Wednesday, January 22, 2025. It will be available at investor.horizonbank.com. Participants may access the live conference call on January 23, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the "Horizon B
MICHIGAN CITY, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and nine months ended September 30, 2024. Net income for the three months ended September 30, 2024 was $18.2 million, or $0.41 per diluted share, compared to net income of $14.1 million, or $0.32, for the second quarter of 2024 and compared to net income of $16.2 million, or $0.37 per diluted share, for the third quarter of 2023. Net income for the nine months ended September 30, 2024 was $46.3 million, or $1.05 per diluted share, compared to net incom
MICHIGAN CITY, Ind., Sept. 27, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, October 24, 2024 to review its third quarter 2024 financial results. The Company's third quarter news release will be published after markets close on Wednesday, October 23, 2024. It will be available at investor.horizonbank.com. Participants may access the live conference call on October 24, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the "Horizon Bancorp Call." Please dial in appro
MICHIGAN CITY, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and six months ended June 30, 2024. Net income for the three months ended June 30, 2024 was $14.1 million, or $0.32 per diluted share, compared to net income of $14.0 million, or $0.32, for the first quarter of 2024 and compared to net income of $18.8 million, or $0.43 per diluted share, for the second quarter of 2023. Net income for the six months ended June 30, 2024 was $28.1 million, or $0.64 per diluted share, compared to net income of $37.0 million, or $0
MICHIGAN CITY, Ind., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. Samuels is Senior Vice President, General Auditor & Compliance Officer at Blue Cross Blue Shield of Michigan (BCBSM), headquartered in Detroit. She joined BCBSM in 1990 and has served in her current role since 2009, leading a team of over 100 audit, compliance, and investigative assurance and advisory services at one of the largest Blues affiliates in the United States with more than $30 bil
MICHIGAN CITY, Ind., June 27, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) —Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, July 25, 2024 to review its second quarter 2024 financial results. The Company's second quarter 2024 news release will be released after markets close on Wednesday, July 24, 2024. It will be available at investor.horizonbank.com. Participants may access the live conference call on July 25, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and requesting the "Horizon Bancorp Call." Please dial in approxima
MICHIGAN CITY, Ind., May 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") announced today that John R. Stewart, CFA has been named Horizon's next Executive Vice President and Chief Financial Officer (CFO). Stewart will assume the responsibilities of CFO on May 20, 2024. Stewart has 22 years of financial services experience spanning banking, investment management and corporate finance at regional banks, global investment banks and institutional asset management firms. He has held leadership roles in both public and private financial institutions with his most recent role as the Deputy Chief Financial Officer of a $30 billion publicly trade
MICHIGAN CITY, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three months ended March 31, 2024. Net income for the first quarter of 2024 was $14.0 million, or $0.32 per diluted share compared to a net loss of $25.2 million, or $0.58, in the linked fourth quarter of 2023. During the fourth quarter of 2023, the Company recognized a net loss on the sale of securities of $31.6 million and the tax effect of the surrender of bank owned life insurance of $8.6 million. "We are very pleased with our positive first quarter results whi
MICHIGAN CITY, Ind., April 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, April 25, 2024 to review its first quarter 2024 financial results. The Company's first quarter 2024 news release will be released after markets close on Wednesday, April 24, 2024. It will be available in the "Investor Relations" section of the Company's website, www.horizonbank.com. Participants may access the live conference call on April 25, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and reques
MICHIGAN CITY, Ind., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Horizon Bank announced the appointment of David Pendley as the divisional President of Mortgage Banking. Pendley will lead the strategic direction and profitable growth of the bank's mortgage banking division, with responsibility for sales, operations, underwriting, secondary markets, and closing. "David is a seasoned veteran with more than 30 years of experience in mortgage sales, operations, secondary markets and process design, as well as a proven leader in building high-performing teams that go above and beyond for their clients," CEO and President Thomas Prame stated. "We believe Horizon is well positioned to expand market s
MICHIGAN CITY, Ind., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. Samuels is Senior Vice President, General Auditor & Compliance Officer at Blue Cross Blue Shield of Michigan (BCBSM), headquartered in Detroit. She joined BCBSM in 1990 and has served in her current role since 2009, leading a team of over 100 audit, compliance, and investigative assurance and advisory services at one of the largest Blues affiliates in the United States with more than $30 bil
MICHIGAN CITY, Ind., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Horizon Bank announced the appointment of David Pendley as the divisional President of Mortgage Banking. Pendley will lead the strategic direction and profitable growth of the bank's mortgage banking division, with responsibility for sales, operations, underwriting, secondary markets, and closing. "David is a seasoned veteran with more than 30 years of experience in mortgage sales, operations, secondary markets and process design, as well as a proven leader in building high-performing teams that go above and beyond for their clients," CEO and President Thomas Prame stated. "We believe Horizon is well positioned to expand market s
MICHIGAN CITY, Ind., May 25, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced today the appointment of Kevin Ahern and Brian Maass to serve as independent directors on the Board of its wholly owned subsidiary, Horizon Bank. With the additions of Ahern and Maass, the Horizon Bank Board will expand to 14 Directors, 12 of whom are independent. "Both are exceptional leaders, with considerable expertise and demonstrated track records in asset liability management, client relationship building, capital development, and strategy, which aligns well with Horizon's initiatives for growth and complements the board's shared knowledge and experi
MICHIGAN CITY, Ind., Dec. 20, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon") announced today the retirement of Daniel F. Hopp from the Board of Directors (the "Board") and the appointment of Vanessa P. Williams to serve on the Board of Horizon Bancorp, Inc. Mr. Hopp will retire from the Board effective December 31, 2022 after serving for the past 18 years and reaching Horizon's mandatory retirement age. Mr. Hopp began his service to the Board of Directors of Horizon Bank in 2004 and from July 2013 through June 2022 served as Horizon Bancorp's Lead Director. In his tenure, he served on the Board's Compensation and Nominating Committee as well as the Corporate
MICHIGAN CITY, Ind., Aug. 02, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") today announced that it named Thomas M. Prame as President of the Company and its wholly owned subsidiary, Horizon Bank. The appointment is effective August 15, 2022 and represents an important step in Horizon's strategic expansion of its leadership team. In his new position, Mr. Prame will seek to advance Horizon's expansion of lending teams, technology, durable customer relationships, and low-cost Midwest deposit franchise to further position the Company for long-term sustainable growth. "I am very pleased to welcome Thomas to the Horizon executive team," said Ch
MICHIGAN CITY, Ind., Jan. 19, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced today the appointment of Vanessa Williams to serve as an independent director on the Board of its wholly owned subsidiary, Horizon Bank. Williams is Senior Vice President and General Counsel of Kelly Services, Inc. (NASDAQ:KELYA, KELYB))), a leading global workforce solutions company headquartered in Troy, Mich. "We are pleased to have an accomplished public company leader of Vanessa's caliber, based in one of Horizon Bank's most vibrant markets, joining our Board as we execute our strategy for accelerating growth and shareholder value creation," said Chai
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MICHIGAN CITY, Ind., Jan. 03, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, January 23, 2025 to review its fourth quarter and full year 2024 financial results. The Company's fourth quarter and full year 2024 news release will be published after markets close on Wednesday, January 22, 2025. It will be available at investor.horizonbank.com. Participants may access the live conference call on January 23, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the "Horizon B
MICHIGAN CITY, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and nine months ended September 30, 2024. Net income for the three months ended September 30, 2024 was $18.2 million, or $0.41 per diluted share, compared to net income of $14.1 million, or $0.32, for the second quarter of 2024 and compared to net income of $16.2 million, or $0.37 per diluted share, for the third quarter of 2023. Net income for the nine months ended September 30, 2024 was $46.3 million, or $1.05 per diluted share, compared to net incom
MICHIGAN CITY, Ind., Sept. 27, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, October 24, 2024 to review its third quarter 2024 financial results. The Company's third quarter news release will be published after markets close on Wednesday, October 23, 2024. It will be available at investor.horizonbank.com. Participants may access the live conference call on October 24, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the "Horizon Bancorp Call." Please dial in appro
MICHIGAN CITY, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and six months ended June 30, 2024. Net income for the three months ended June 30, 2024 was $14.1 million, or $0.32 per diluted share, compared to net income of $14.0 million, or $0.32, for the first quarter of 2024 and compared to net income of $18.8 million, or $0.43 per diluted share, for the second quarter of 2023. Net income for the six months ended June 30, 2024 was $28.1 million, or $0.64 per diluted share, compared to net income of $37.0 million, or $0
MICHIGAN CITY, Ind., June 27, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) —Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, July 25, 2024 to review its second quarter 2024 financial results. The Company's second quarter 2024 news release will be released after markets close on Wednesday, July 24, 2024. It will be available at investor.horizonbank.com. Participants may access the live conference call on July 25, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and requesting the "Horizon Bancorp Call." Please dial in approxima
MICHIGAN CITY, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three months ended March 31, 2024. Net income for the first quarter of 2024 was $14.0 million, or $0.32 per diluted share compared to a net loss of $25.2 million, or $0.58, in the linked fourth quarter of 2023. During the fourth quarter of 2023, the Company recognized a net loss on the sale of securities of $31.6 million and the tax effect of the surrender of bank owned life insurance of $8.6 million. "We are very pleased with our positive first quarter results whi
MICHIGAN CITY, Ind., April 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, April 25, 2024 to review its first quarter 2024 financial results. The Company's first quarter 2024 news release will be released after markets close on Wednesday, April 24, 2024. It will be available in the "Investor Relations" section of the Company's website, www.horizonbank.com. Participants may access the live conference call on April 25, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from international locations and reques
MICHIGAN CITY, Ind., Jan. 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") announced its unaudited financial results for the three and twelve months ended December 31, 2023. "Horizon had a very positive and productive fourth quarter, led by strong loan growth, consistent core deposit balances, stabilized net interest margin and excellent asset quality," President and Chief Executive Officer Thomas M. Prame said. "Additionally, we closed out the year with a successful restructure of our balance sheet, providing abundant liquidity to deploy into higher yielding assets and drive meaningful earnings growth in future quarters. Over the quarter
MICHIGAN CITY, Ind., Dec. 18, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, January 25, 2024 to review its fourth quarter and full year 2023 financial results. The Company's fourth quarter and full year 2023 news release will be released after markets close on Wednesday, January 24, 2024. It will be available in the "Investor Relations" section of the Company's website, www.horizonbank.com. Participants may access the live conference call on January 25, 2024 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada or 1-412-317-5772 from
MICHIGAN CITY, Ind., Oct. 25, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and nine months ended September 30, 2023. "Horizon's third quarter performance demonstrated our diversified lending platform's ability to produce solid growth while successfully continuing to shift our loan mix to higher yielding assets. This strategy paired with the strength of our credit culture will continue to add value over time," President and Chief Executive Officer Thomas M. Prame said. "Horizon's core deposit funding base remained stable and our busine
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Hovde Group initiated coverage of Horizon Bancorp with a rating of Outperform and set a new price target of $18.00
Raymond James downgraded Horizon Bancorp from Outperform to Mkt Perform
Piper Sandler downgraded Horizon Bancorp from Overweight to Neutral and set a new price target of $17.00
Keefe Bruyette downgraded Horizon Bancorp from Outperform to Mkt Perform and set a new price target of $18.00 from $23.00 previously
Raymond James downgraded Horizon Bancorp from Strong Buy to Outperform and set a new price target of $22.00 from $23.00 previously
Raymond James reiterated coverage of Horizon Bancorp with a rating of Strong Buy and set a new price target of $25.00 from $24.00 previously
Raymond James upgraded Horizon Bancorp from Outperform to Strong Buy and set a new price target of $24.00 from $21.00 previously
Raymond James reiterated coverage of Horizon Bancorp with a rating of Outperform and set a new price target of $21.00 from $20.00 previously
Raymond James reiterated coverage of Horizon Bancorp with a rating of Outperform and set a new price target of $20.00 from $22.00 previously
Raymond James reiterated coverage of Horizon Bancorp with a rating of Outperform and set a new price target of $19.00 from $14.00 previously