Detail akcie Horizon Bncp Ind online

Business Summary: Horizon Bancorp, Inc. is a bank holding company for Horizon Bank, which serves customers across Midwestern markets through digital and virtual tools, as well as its Indiana and Michigan branches. The Company operates through a single segment, which is commercial banking. 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. Its retail offerings include prime residential, indirect auto, and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. It also provides a range of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally. The Bank maintains around 71 full service offices. The Bank's subsidiaries include Horizon Investments, Inc., Horizon Properties, Inc. and Horizon Insurance Services, Inc.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Horizon Bancorp Inc interest income increased 19% to $85.3M. Net interest income after loan loss provision decreased 6% to $42.5M. Net income decreased 23% to $14M. Net interest income after loan loss provision reflects Investment securities taxable decrease of 16% to $7.4M, Investment securities nontaxable decrease of 15% to $6.5M. Net income also reflects Deposits increase of 89% to $28M (expense).