Stock Data
$0.20 (0.98%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Horizon Bancorp Inc, based in Michigan City, Indiana, is a banking institution with a rich history dating back to 1873. It offers a wide array of services including commercial and personal banking, loans for various purposes like real estate and consumer needs, and wealth management services. Horizon Bancorp also provides modern banking solutions such as online and mobile banking, treasury management, and insurance products. With a strong presence in Indiana and Michigan, it serves customers through full-service offices, catering to both individual and corporate clients.
A $3.1 million legal charge masked Horizon Bancorp's underlying strength in Q2, as net interest income surged 14.7% year-over-year and the bank expanded its deposit and loan books despite missing consensus on earnings. Strip out the accrual pending appeal and the community bank's profitability metrics remain peer-leading, with management guiding for low-teens NII growth through year-end.
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