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 Ratings3.1
Overall CultureF

Latest Updates

Employees (est.) (Dec 2018)716(+3%)
Job Openings57
Revenue (FY, 2019)$43.1 M(+26%)
Share Price (Nov 2020)$15.1 (-1%)
Cybersecurity ratingCMore

Key People/Management at Horizon Bancorp

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
Mark E. Secor

Mark E. Secor

Executive Vice President & Chief Financial Officer
Daniel F. Hopp

Daniel F. Hopp

Lead Director
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Horizon Bancorp Office Locations

Horizon Bancorp has an office in Michigan City
Michigan City, US (HQ)
515 Franklin St
Michigan City, US
515 Franklin St
Show all (2)

Horizon Bancorp Financials and Metrics

Horizon Bancorp Revenue

Horizon Bancorp's revenue was reported to be $43.06 m in FY, 2019
USD

Revenue (Q2, 2020)

11.1m

Net income (Q2, 2020)

14.6m

Market capitalization (27-Nov-2020)

661.7m

Closing stock price (27-Nov-2020)

15.1

Cash (30-Jun-2020)

170.1m
Horizon Bancorp's current market capitalization is $661.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

20.3m27.3m25.9m26.3m30.4m4.3m2.6m34.4m43.1m

Revenue growth, %

2%16%20%

R&D expense

2.0m2.7m3.0m3.7m4.3m5.4m5.9m6.8m8.5m

Operating expense total

8.6m10.8m11.8m12.8m15.0m18.6m18.0m19.8m24.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

4.4m6.5m5.1m6.6m7.7m7.5m6.8m5.9m5.5m26.7m7.4m7.1m7.2m8.4m7.9m9.9m10.1m7.6m8.2m8.0m8.3m8.9m8.7m8.7m10.9m11.5m12.1m11.1m

Cost of goods sold

3.3m

Gross profit

23.4m

Gross profit Margin, %

88%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

20.4m30.7m31.7m43.5m48.7m70.8m76.4m58.5m98.8m

Accounts Receivable

1.2b12.7m

Inventories

PP&E

34.7m42.2m46.2m52.5m60.8m66.4m75.5m74.3m92.2m
USDQ2, 2011

Debt/Equity

1.9 x

Debt/Assets

0.2 x

Financial Leverage

11.6 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Horizon Bancorp Online and Social Media Presence

Embed Graph

Horizon Bancorp Company Culture

  • Overall Culture

    F

    44/100

  • CEO Rating

    A+

    95/100

  • Compensation

    D

    54/100

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Horizon Bancorp News and Updates

Horizon Bancorp, Inc. Announces Record Earnings for 2019

MICHIGAN CITY, Ind., Jan. 29, 2020 (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, 2019. All share data has been adjusted to reflect Horizon’s …

Horizon Bancorp, Inc. Announces Julie Scheck Freigang as New Director of the Board

MICHIGAN CITY, Ind., Jan. 22, 2020 (GLOBE NEWSWIRE) -- Craig M. Dwight, Chairman and Chief Executive Officer of Horizon Bancorp, Inc. is pleased to announce that the Board of Directors of Horizon Bancorp, Inc., appointed Julie Scheck Freigang to its Board of Directors effective January 21, 2020. M…

Horizon Bancorp, Inc. Announces Record Quarterly and Year-to-Date Earnings

MICHIGAN CITY, Ind., Oct. 23, 2019 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced its unaudited financial results for the three-month and nine-month periods ended September 30, 2019. All share data has been adjusted to reflect Horizon’s t…

Horizon Bancorp, Inc. Announces Record 2019 Second Quarter and Year-to-Date Net Income

MICHIGAN CITY, Ind., July 24, 2019 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced its unaudited financial results for the three-month and six-month periods ended June 30, 2019. All share data has been adjusted to reflect Horizon’s three-f…

Horizon Bancorp, Inc. Announces Stock Repurchase Program

MICHIGAN CITY, Ind., July 17, 2019 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC, “Horizon”) announced today that its Board of Directors (the “Board”) authorized a program for the repurchase of up to 2,250,000 shares of Horizon’s issued and outstanding common stock, no par value.

Horizon Bancorp, Inc. Announces a 20.0% Quarterly Dividend Increase

MICHIGAN CITY, Ind., June 19, 2019 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced today that its Board of Directors has approved an increase in its quarterly dividend from 10 cents to 12 cents per share. This represents a 20.0% increase and a dividend yield of 3.02% based on…
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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 Kathie A. Deruiter, Dennis J. Kuhn and Todd A. Etzler.

  • How many employees does Horizon Bancorp have?

    Horizon Bancorp has 716 employees.

  • What is Horizon Bancorp revenue?

    Latest Horizon Bancorp annual revenue is $43.1 m.

  • What is Horizon Bancorp revenue per employee?

    Latest Horizon Bancorp revenue per employee is $60.1 k.

  • Who are Horizon Bancorp competitors?

    Competitors of Horizon Bancorp include Provident Bank, WSFS Financial and Webster Financial.

  • 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 2 offices.