HBNC Horizon Bancorp, Inc.
Horizon Bancorp, Inc. is a bank holding company, which through its subsidiary, engages in the provision of commercial and retail banking services. It offers personal banking, business banking, investment and trust, and mortgage services. The company was founded in 1873 and is headquartered in Michigan City, IN.
Company profile
Ticker
HBNC
Exchange
Website
CEO
Craig M. Dwight
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Horizon Bancorp
SEC CIK
Corporate docs
IRS number
351562417
HBNC stock data
()
Investment data
Securities sold
Number of investors
| Top 50 of 235 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $4.82M | 488.46K | 502.17K | -2.7 | |
| $4.48M | 137.12K | 171.21K | -19.9 | |
| $3.46M | 17.95K | 15.84K | +13.3 | |
| $2.88M | 20.36K | 18.47K | +10.3 | |
| $2.09M | 13.26K | 9.43K | +40.5 | |
| $1.32M | 12.06K | 11.86K | +1.6 | |
| $1.15M | 8.42K | 8.8K | -4.4 | |
|
SPDR S&P 500
|
$987K | 3.83K | 3.41K | +12.4 |
| $895K | 8.13K | 8.5K | -4.3 | |
| $848K | 17.81K | 25.11K | -29.1 | |
| $784K | 6.53K | 7K | -6.7 | |
| $782K | 5.96K | 6.49K | -8.2 | |
| $771K | 14.25K | 19.87K | -28.3 | |
| $733K | 6.45K | 8.42K | -23.4 | |
| $728K | 5.12K | 7.28K | -29.7 | |
| $719K | 31.25K | 31.25K | 0 | |
| $709K | 2.79K | 3.63K | -23.2 | |
| $705K | 15.94K | 18.49K | -13.8 | |
| $702K | 6.33K | 7.89K | -19.8 | |
| $700K | 4.29K | 4.73K | -9.3 | |
| $686K | 8.69K | 8.69K | 0 | |
| $676K | 4.87K | 5.9K | -17.5 | |
| $590K | 10.98K | 16.31K | -32.7 | |
| $580K | 2.86K | 3.87K | -26.1 | |
| $556K | 6.85K | 7.83K | -12.5 | |
| $542K | 6.01K | 6.51K | -7.7 | |
| $535K | 6.21K | 7.98K | -22.1 | |
| $525K | 5.65K | 6.6K | -14.4 | |
| $515K | 7.61K | 8.79K | -13.4 | |
| $513K | 11.24K | 15.63K | -28.1 | |
| $499K | 16.57K | 14.24K | +16.4 | |
| $496K | 10.37K | 10.86K | -4.5 | |
| $494K | 13K | 12.99K | +0.1 | |
| $484K | 2.65K | 1.97K | +34.6 | |
| $470K | 9.73K | 9.73K | 0 | |
| $453K | 390 | 311 | +25.4 | |
| $439K | 2.65K | 3.5K | -24.3 | |
| $439K | 2.53K | 4.22K | -40.0 | |
| $437K | 17.49K | 16.72K | +4.6 | |
| $435K | 2.33K | 2.46K | -5.2 | |
| $424K | 7.15K | 13.27K | -46.1 | |
| $424K | 3.32K | 3.53K | -6.2 | |
| $422K | 6.36K | 8.68K | -26.7 | |
| $394K | 10.03K | 13.75K | -27.1 | |
| $393K | 5.25K | 5.59K | -6.0 | |
| $389K | 1.62K | 3.62K | -55.3 | |
| $384K | 13.17K | 15.3K | -13.9 | |
| $380K | 5.21K | 4.78K | +9.0 | |
| $376K | 8.22K | 8.56K | -4.0 | |
| $367K | 4.46K | 4.78K | -6.7 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
11 May 20
6 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 51.65M | 53.4M | 55.71M | 53.85M | |
| Net income | 11.66M | 18.54M | 20.54M | 16.64M | |
| Diluted EPS | 0.26 | 0.41 | 0.46 | 0.37 | |
| Net profit margin | 22.56% | 34.73% | 36.86% | 30.90% | |
| Net change in cash | -12.37M | 7.55M | -3.41M | 8.56M | |
| Cash on hand | 86.46M | 98.83M | 91.28M | 94.69M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 208.33M | 166.17M | 128.48M | 106.53M | |
| Net income | 66.54M | 53.12M | 33.12M | 23.91M | |
| Diluted EPS | 1.53 | 1.38 | 0.95 | 0.79 | |
| Net profit margin | 31.94% | 31.97% | 25.78% | 22.45% | |
| Net change in cash | 40.34M | -1.49M | 6.56M | 18.1M | |
| Cash on hand | 98.83M | 58.49M | 59.98M | 53.42M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 29 May 20 | DeRuiter Kathie A | Deferred Stock Units Common Stock | Grant | Aquire A | No | 10.26 | 5,653 | 58K | 19,614 |
| 29 May 20 | Secor Mark E | Deferred Stock Units Common Stock | Grant | Aquire A | No | 10.26 | 17,056 | 174.99K | 37,283 |
| 18 May 20 | Todd A. Etzler | Deferred Stock Units Common Stock | Grant | Aquire A | No | 9.56 | 784 | 7.5K | 784 |
| 15 May 20 | Reed Steven William | Common Stock | Grant | Aquire A | No | 8.71 | 3,000 | 26.13K | 24,823 |
| 17 Mar 20 | DeRuiter Kathie A | Common Stock | Payment of exercise | Dispose F | No | 10.47 | 1,320 | 13.82K | 5,210 |
| 17 Mar 20 | DeRuiter Kathie A | Common Stock | Grant | Aquire A | No | 0 | 5,653 | 0 | 6,530 |
Institutional ownership Q1 2020
13F holders |
Current |
|---|---|
| Total holders | 1 |
| Opened positions | 1 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| IFP Advisors | 0 | $0 |
Financial report summary
?Risks
- The COVID-19 pandemic has adversely impacted 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.
Management Discussion
- Consolidated net income for the three-month period ended March 31, 2020 was $11.7 million, or $0.26 diluted earnings per share, compared to $10.8 million, or $0.28 diluted earnings per share for the same period in 2019. The increase in net income for the three-month period ended March 31, 2020 when compared to the same prior year period reflects an increase in net interest income of $6.6 million, an increase in non-interest income of $3.4 million and a decrease in tax expense of $490,000, offset by an increase in credit loss expense of $8.2 million and an increase in non-interest expense of $1.4 million. Excluding merger expenses, gain on sale of investment securities and death benefit on bank owned lief insurance (“adjusted net income”), adjusted net income for the first quarter of 2020 was $11.2 million, or $0.24 diluted earnings per share, compared to $14.2 million, or $0.37 diluted earnings per share for the first quarter of 2019.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Bad
|
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
11 May 20
ARS
2018 FY
Annual report to shareholders
20 Mar 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
ARS
2018 FY
Annual report to shareholders
15 Mar 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
10-Q
2018 Q2
Quarterly report
7 Aug 18
Current reports
8-K
Entry into a Material Definitive Agreement
24 Jun 20
8-K
Entry into a Material Definitive Agreement
18 Jun 20
8-K
Horizon Bancorp, Inc. Announces Pricing of Subordinated Notes Offering
17 Jun 20
8-K
Other Events
17 Jun 20
8-K
Regulation FD Disclosure
10 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
8 May 20
8-K
Regulation FD Disclosure
7 May 20
8-K
Horizon Bancorp, Inc. Announces First Quarter 2020 Financial Results
29 Apr 20
8-K
Horizon Bancorp, Inc. Announces Inaugural Earnings Conference Call
20 Apr 20
8-K
Stock Repurchase Agreement
10 Mar 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
19 Jun 20
FWP
Free writing prospectus
17 Jun 20
424B5
Prospectus supplement for primary offering
17 Jun 20
D
$102.72M in equity, sold $102.72M, 10 investors
5 Apr 19
424B3
Prospectus supplement
4 Apr 19
S-3
Shelf registration
26 Mar 19
425
Business combination disclosure
30 Oct 18
425
Business combination disclosure
30 Oct 18
S-3
Shelf registration
19 Jan 18
S-8
Registration of securities for employees
28 Dec 17
Proxies
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEF 14A
Definitive proxy
20 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
15 Mar 19
DEFA14A
Additional proxy soliciting materials
15 Mar 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
DEF 14A
Definitive proxy
16 Mar 18
DEFA14A
Additional proxy soliciting materials
16 Mar 18
PRE 14A
Preliminary proxy
1 Mar 18
Other
EFFECT
Notice of effectiveness
5 Apr 19
UPLOAD
Letter from SEC
4 Apr 19
CORRESP
Correspondence with SEC
3 Apr 19
EFFECT
Notice of effectiveness
1 Feb 18
CORRESP
Correspondence with SEC
30 Jan 18
UPLOAD
Letter from SEC
25 Jan 18
EFFECT
Notice of effectiveness
29 Aug 17
CORRESP
Correspondence with SEC
28 Aug 17
UPLOAD
Letter from SEC
25 Aug 17
EFFECT
Notice of effectiveness
25 Jul 17
Ownership
4
HORIZON BANCORP / MARK E SECOR ownership change
1 Jun 20
4
HORIZON BANCORP / Kathie A DeRuiter ownership change
1 Jun 20
4
HORIZON BANCORP / Todd A. Etzler ownership change
19 May 20
4
HORIZON BANCORP / Steven William Reed ownership change
15 May 20
13F-HR
Quarterly holdings report by institutional manager
20 Apr 20
4
HORIZON BANCORP / Dennis Kuhn ownership change
19 Mar 20
4
HORIZON BANCORP / MARK E SECOR ownership change
19 Mar 20
4
HORIZON BANCORP / Todd A. Etzler ownership change
19 Mar 20
4
HORIZON BANCORP / CRAIG M DWIGHT ownership change
19 Mar 20
4
HORIZON BANCORP / JAMES D NEFF ownership change
19 Mar 20