OverviewSuggest Edit

Horizon Bancorp is a bank holding company that provides a range of banking services through its bank subsidiary, Horizon Bank, and Horizon Risk Management. 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. In addition, the Bank offers commercial loans, real estate loans, mortgage warehouse loans and consumer loans.

TypePublic
Founded1873
HQMichigan City, US
Websitehorizonbank.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Nov 2018)701(+6%)
Job Openings38
Revenue (FY, 2018)$200.6 M(+25%)
Share Price (Mar 2019)$15.5 (-5%)

Key People/Management at Horizon Bancorp

Craig M. Dwight

Craig M. Dwight

Chairman & Chief Executive Officer – Horizon Bancorp & Horizon Bank
Kathie A. Deruiter

Kathie A. Deruiter

Executive Vice President & Senior Operations Officer – Horizon Bank
Dennis J. Kuhn

Dennis J. Kuhn

Executive Vice President & Chief Commercial Banking Officer – Horizon Bank
Todd A. Etzler

Todd A. Etzler

Corporate Secretary
James D. Neff

James D. Neff

President – Horizon Bancorp & Horizon Bank
Mark E. Secor

Mark E. Secor

Executive Vice President & Chief Financial Officer
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Horizon Bancorp Office Locations

Horizon Bancorp has an office in Michigan City
Michigan City, US (HQ)
515 Franklin St
Show all (1)
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Horizon Bancorp Financials and Metrics

Horizon Bancorp Revenue

Horizon Bancorp's revenue was reported to be $200.58 m in FY, 2018
USD

Revenue (FY, 2018)

200.6m

Gross profit (FY, 2018)

169.0m

Gross profit margin (FY, 2018), %

84.2%

Net income (FY, 2018)

53.1m

EBIT (FY, 2018)

131.7m

Market capitalization (22-Mar-2019)

595.1m

Closing stock price (22-Mar-2019)

15.5

Cash (31-Dec-2018)

58.5m

EV

574.4m
Horizon Bancorp's current market capitalization is $595.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

74.9m76.2m119.0m144.5m161.6m200.6m

Revenue growth, %

2%16%20%

Cost of goods sold

13.9m20.5m16.4m31.6m

Gross profit

105.1m124.0m145.2m169.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

24.0m22.0m26.7m27.2m27.2m28.3m32.0m31.4m34.5m39.0m36.4m39.0m40.1m47.7m49.7m51.0m

Cost of goods sold

3.4m3.2m3.3m3.5m3.2m3.3m3.8m3.8m3.8m4.6m3.3m3.6m4.2m6.0m7.2m8.5m

Gross profit

20.6m18.8m23.4m23.8m24.0m25.0m28.2m27.6m30.7m34.5m33.1m35.4m35.9m41.7m42.5m42.5m

Gross profit Margin, %

86%85%88%87%88%88%88%88%89%88%91%91%90%87%86%83%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

31.7m43.5m48.7m70.8m76.4m58.5m

Accounts Receivable

7.5m8.2m10.5m12.7m16.2m14.2m

Inventories

PP&E

46.2m52.5m60.8m66.4m75.5m74.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Net Income

19.9m18.1m20.5m23.9m53.1m

Depreciation and Amortization

3.4m3.8m4.2m5.3m6.8m

Inventories

Accounts Payable

(54.0k)(50.0k)(11.0k)(275.0k)1.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

15.8m3.4m8.2m13.2m5.4m10.1m14.4m5.4m11.7m18.3m8.2m17.3m25.5m12.8m26.9m40.0m

Depreciation and Amortization

2.5m844.0k1.8m2.8m1.9m3.0m1.2m3.8m1.4m4.3m1.8m3.3m5.0m

Accounts Payable

(72.0k)(8.0k)(50.0k)(50.0k)504.0k(36.0k)(28.0k)73.0k961.0k275.0k45.0k180.0k330.0k555.0k802.0k

Cash From Operating Activities

40.0m1.8m5.9m19.1m15.9m22.0m9.4m11.4m19.0m37.3m30.0m45.4m64.6m
USDY, 2018

EV/EBIT

4.4 x

EV/CFO

7.9 x

Revenue/Employee

286.1k

Financial Leverage

8.6 x
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Horizon Bancorp Operating Metrics

Horizon Bancorp's Total Loans was reported to be $2.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

31 46 56

Non-performing Loans

$22.44 m$22.38 m$23.05 m$21 m$10.68 m$14.98 m$13.17 m$12.84 m$10.68 m$9.83 m$11.56 m

Total Loans

$1.38 b$1.46 b$1.52 b$1.72 b$1.75 b$1.72 b$1.93 b$2.19 b$2.14 b$2.14 b$2.26 b
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Horizon Bancorp Online and Social Media Presence

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Horizon Bancorp News and Updates

Horizon Bancorp, Inc. Announces Record Earnings for 2018

MICHIGAN CITY, Ind., Jan. 29, 2019 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced its unaudited financial results for the three-month and twelve-month periods ended December 31, 2018. All share data has been adjusted to reflect Horizon’s …

Horizon Bancorp, Inc. and Salin Bancshares, Inc. Sign Merger Agreement

MICHIGAN CITY, Ind. and INDIANAPOLIS, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC, “Horizon”) and Salin Bancshares, Inc. (“Salin”), a privately held company, today announced that they have executed a definitive agreement whereby Horizon will combine with Salin, and Hor…
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Horizon Bancorp Frequently Asked Questions

  • When was Horizon Bancorp founded?

    Horizon Bancorp was founded in 1873.

  • Who are Horizon Bancorp key executives?

    Horizon Bancorp's key executives are Craig M. Dwight, Kathie A. Deruiter and Dennis J. Kuhn.

  • How many employees does Horizon Bancorp have?

    Horizon Bancorp has 701 employees.

  • What is Horizon Bancorp revenue?

    Latest Horizon Bancorp annual revenue is $200.6 m.

  • What is Horizon Bancorp revenue per employee?

    Latest Horizon Bancorp revenue per employee is $286.1 k.

  • Who are Horizon Bancorp competitors?

    Competitors of Horizon Bancorp include WSFS Financial, Webster Financial and Peoples Bancorp.

  • Where is Horizon Bancorp headquarters?

    Horizon Bancorp headquarters is located at 515 Franklin St, Michigan City.

  • Where are Horizon Bancorp offices?

    Horizon Bancorp has an office in Michigan City.

  • How many offices does Horizon Bancorp have?

    Horizon Bancorp has 1 office.