Horizon Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Results, Successfully Executes Balance Sheet Restructuring for Future Earnings Growth
Horizon Bancorp, Inc. (HBNC)
Last horizon bancorp, inc. earnings: 4/29 05:30 pm
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Source: GlobeNewswire
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, the team made significant progress building out our leasing platform, and we expect to see positive impacts from this effort in the second quarter of 2024. The franchise is experiencing positive momentum in its core business models and we are very optimistic about our position as we enter 2024 an
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News
- Horizon Bancorp, Inc. (NASDAQ: HBNC) had its price target lowered by analysts at Piper Sandler from $14.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Compared to Estimates, Horizon Bancorp (HBNC) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Horizon Bancorp (HBNC) Q1 Earnings Top Estimates [Yahoo! Finance]Yahoo! Finance
- Horizon Bancorp, Inc. Reports Solid First Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, Loan Growth and Well-Managed Operating ExpensesGlobeNewswire
- Horizon Bancorp, Inc. (NASDAQ: HBNC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
HBNC
Earnings
- 4/24/24 - Beat
HBNC
Sec Filings
- 4/24/24 - Form 8-K
- 4/19/24 - Form 13F-HR/A
- 4/19/24 - Form 13F-HR
- HBNC's page on the SEC website