HBNC Horizon Bancorp Inc

Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern and central Michigan through its commercial banking subsidiary, Horizon Bank.

Company profile

Craig Dwight
Fiscal year end
Industry (SIC)
Former names
IRS number

HBNC stock data


Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 219 long holdings
End of quarter 29 Sep 20
Prev Q
%, QoQ
$6.94M 687.78K 738.69K -6.9
$5.03M 137.12K 137.12K 0
$4.37M 16.39K 16.78K -2.4
$3.43M 18.29K 18.36K -0.4
$1.49M 7.06K 6.97K +1.3
$1.45M 9.99K 9.99K 0
$1.25M 7.82K 7.67K +1.9
$1.21M 3.62K 3.53K +2.4
$1.02M 7.32K 6.84K +7.0
$929K 8.54K 8.54K 0
$914K 5.51K 5.2K +6.0
$901K 4.66K 4.47K +4.2
$875K 7.56K 1.76K +328.3
$860K 16.71K 16.53K +1.1
$839K 3.71K 3.6K +3.3
$822K 5.93K 5.7K +4.1
$818K 5.49K 5.35K +2.7
$814K 5.82K 5.51K +5.6
$760K 4.83K 4.39K +10.0
$752K 15.24K 14.29K +6.6
$751K 6.38K 6.16K +3.7
$668K 12.9K 12.44K +3.7
$646K 2.54K 2.4K +5.9
$642K 10.31K 9.97K +3.5
$627K 6.03K 6.01K +0.4
$616K 31.25K 31.25K 0
$585K 3.95K 3.6K +9.7
$581K 9.73K 9.73K 0
$559K 9.39K 8.92K +5.3
$543K 2.55K 2.3K +11.0
$532K 1.92K 1.77K +8.0
$507K 14.95K 14.1K +6.0
$485K 2.21K 2.14K +3.1
$485K 8.72K 8.09K +7.8
$478K 3.93K 3.84K +2.3
$469K 5.83K 5.67K +2.8
$462K 1.67K 1.62K +3.1
$449K 4.14K 4.14K 0
$447K 2.13K 1.95K +9.2
$443K 3K 2.7K +11.0
$437K 5.66K 5.36K +5.7
$432K 12.58K 12.58K 0
$428K 3.45K 3.32K +3.9
$385K 17.49K 17.49K 0
$380K 1.9K 1.76K +8.3
$375K 5.72K 5.35K +7.1
$373K 1.12K 1K +11.2
$362K 6.2K 5.89K +5.4
$358K 2.63K 2.33K +12.9
$350K 3.95K 3.91K +1.0
Holdings list only includes long positions. Only includes long positions.


29 Apr 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Mar 21 Neff James D Common Stock Sell Dispose S No Yes 20.01 54,725 1.1M 164,170
16 Mar 21 Dwight Craig M Common Stock Grant Aquire A No No 0 2,967 0 243,579
16 Mar 21 Dennis Kuhn Common Stock Payment of exercise Dispose F No No 19.21 1,248 23.97K 12,096
16 Mar 21 Dennis Kuhn Common Stock Grant Aquire A No No 0 4,279 0 13,344
16 Mar 21 DeRuiter Kathie A Common Stock Grant Aquire A No No 0 1,159 0 6,369
16 Mar 21 Secor Mark E Common Stock Grant Aquire A No No 0 1,325 0 8,811

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

  • The COVID–19 pandemic has and will continue to impact our business and financial results, and the ultimate impact will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities in response to the pandemic.
  • An economic slowdown in our primary market areas could affect our business.
  • We face intense competition in all phases of our business from other banks, financial institutions and non–banks.
  • Changes in market interest rates could adversely affect our financial condition and results of operations.
  • We may need to raise additional capital in the future, and such capital may not be available when needed or at all.
  • The soundness of other financial institutions could adversely affect us.
  • Our commercial, residential mortgage and consumer loans expose us to increased credit risks.
  • Our holdings of construction, land and home equity loans may pose more credit risk than other types of mortgage loans.
  • The allowance for credit losses on loans may prove inadequate or be negatively affected by credit risk exposures.
  • Our mortgage warehouse and indirect lending operations are subject to a higher fraud risk than our other lending operations.
  • Our mortgage lending profitability could be significantly reduced if we are not able to resell mortgages at a reasonable gain on sale or experience other problems with the secondary market process or we are unable to retain our mortgage loan sales force due to regulatory changes.
  • Our mortgage lending profitability could be significantly reduced as changes in interest rates could affect mortgage origination volume and pricing for selling mortgages on the secondary market.
  • We may be exposed to risk of environmental liabilities with respect to real property to which we take title.
  • We are exposed to intangible asset risk in that our goodwill may become impaired.
  • Our role as a fiduciary trustee for corporate employee stock ownership plans (“ESOPs”) may expose us to increased risk of litigation due to heightened scrutiny of this role by the U.S. Department of Labor and the plaintiffs’ bar.
  • We may be adversely impacted by the discontinuance of LIBOR as a short–term interest rate utilized for loans and other financing agreements.
  • The preparation of our financial statements requires the use of estimates that may vary from actual results.
  • Our inability to continue to process large volumes of transactions accurately could adversely impact our business and financial results.
  • Our information systems may experience cyber–attacks or an interruption or breach in security. Our cybersecurity systems could be inadequate or fail.
  • We continually encounter technological changes.
  • We rely on other companies to provide key components of our business infrastructure.
  • Damage to our reputation could damage our business.
  • The loss of key members of our senior management team and our lending teams could affect our ability to operate effectively.
  • Potential acquisitions may disrupt our business and dilute stockholder value.
  • Because our stock is moderately traded, it may be more difficult for you to sell your shares or buy additional shares when you desire to do so and the price may be volatile.
  • Provisions in our articles of incorporation, our by–laws, and Indiana law may delay or prevent an acquisition of us by a third party.
Management Discussion
  • •Generated return on average assets (“ROAA”) of 1.40% and return on average common equity (“ROACE”) of 11.88% in the quarter, as well as adjusted ROAA of 1.35% and adjusted ROACE of 11.46%, excluding the impact of gains on sale of investment securities, net of tax. (See the “Non–GAAP Reconciliation of Return on Average Assets” and the “Non–GAAP Reconciliation of Return on Average Common Equity” tables below.)
  • •Earned net income of $20.4 million, or $0.46 diluted earnings per share, compared to $21.9 million, or $0.50 diluted earnings per share, for the fourth quarter of 2020 and $11.7 million, or $0.26 diluted earnings per share, for the first quarter of 2020.
  • •Pre–tax, pre–provision net income totaled a first–quarter record $24.2 million, compared to $26.9 million for the fourth quarter of 2020 and $21.8 million for the first three months of 2020. This non–GAAP financial measure is utilized by banks to provide a greater understanding of pre–tax profitability before giving effect to credit loss expense. (See the “Non–GAAP Reconciliation of Pre–Tax, Pre–Provision Income” table below.)
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