Horizon Bancorp Inc (OQ:HBNC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 515 Franklin St
MICHIGAN CITY IN 46360-3328
Tel: 1-219-8749272
Website: N/A
IR: N/A
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Key People
Craig M. Dwight
Chairman of the Board, Chief Executive Officer
James D. Neff
President
Mark E. Secor
Chief Financial Officer, Executive Vice President
Kathie A. DeRuiter
Executive Vice President, Senior Bank Operations Officer
Dennis J Kuhn
Executive Vice President, Chief Commercial Banking Officer
Todd A. Etzler
General Counsel, Secretary
Business Overview
Horizon Bancorp Inc, formerly Horizon Bancorp, is a bank holding company. The Company provides a 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. The Company operates through commercial banking segment. 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. LSB Risk Management, Inc. is a captive insurance company. As of September 1, 2017, the Bank operated through 60 offices throughout northern and central Indiana and southern Michigan and Ohio. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.
Financial Overview
For the fiscal year ended 31 December 2019, Horizon Bancorp Inc interest income increased 25% to $208.3M. Net interest income after loan loss provision increased 21% to $158.8M. Net income increased 25% to $66.5M. Net interest income after loan loss provision reflects commercial banking segment increase from $0K to $158.8M. Net income benefited from Gain on sale of mortgage loans increase of 39% to $9.2M (income).
Employees: 839 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $938.60M as of Dec 31, 2019
Annual revenue (TTM): $208.33M as of Dec 31, 2019
EBITDA (TTM): $109.03M as of Dec 31, 2019
Net annual income (TTM): $66.54M as of Dec 31, 2019
Free cash flow (TTM): $151.04M as of Dec 31, 2019
Net Debt Last Fiscal Year: $507.22M as of Dec 31, 2019
Shares outstanding: 44,795,487 as of Mar 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization