Horizon Bancorp Inc is a publicly traded banking and financial services company operating primarily in the U.S. Midwest region. The bank, headquartered in Michigan City, Indiana, is recognized under the symbol HBNC on the NASDAQ Global Select Market.
Established in 1873, Horizon Bancorp has grown vastly and matured over the years, expanding its financial solutions beyond the ordinary. Today, the company is celebrated for its breadth of services, centered around retail banking, commercial banking, treasury and investment management, among others. With a diligent focus on community-based, customer-focused banking, Horizon provides services that address both individual and business needs.
The bank's retail solutions cover savings, checking, various loan types, credit cards, and electronic banking services, providing a diverse array of options tailored to fit its customer's financial pursuits. At the same time, Horizon's commercial offerings span commercial loans, treasury management, equipment leasing, and other business-oriented financial services, working hand in hand with businesses of all sizes to support their growth and development.
Even though Horizon Bancorp has a solid local rooting, the company has a vast reach via its online banking platform. The innovative and user-friendly digital banking solution affords customers the opportunity to partake in banking activities from the comfort of their homes or offices, asserting the bank's commitment to accessibility and customer convenience.
Moreover, Horizon Bancorp is an active participant in community initiatives, sponsoring community campaigns, and partnering with local groups to foster sustainable development in the regions wherein it operates. Over the past years, the company has shown dynamic evolution by adopting modern technology, expanding its services, and embracing strategic growth approaches.
The company emphasizes strong ethics, sound financial decision-making, and personalized customer service. This commitment to values has been key to enabling Horizon Bancorp to weather the ups and downs of the financial industry.
Horizon Bancorp Inc's success is a testament to the company's commitment to providing exceptional financial services that directly cater to its community's needs. The bank continues to focus on strategic growth and bolstering its robust offerings while maintaining its long-standing commitment to community engagement and customer satisfaction.
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Horizon Bancorp (NASDAQ:HBNC) has reached a new yearly high, driven by per-unit results that exceeded estimates and several firms raising their price objectives. The regional bank benefits from a diversified loan book, steady fee income from treasury services, and a well-covered dividend. While recent performance has been strong, potential risks include interest rate changes impacting lending margins and commercial real estate exposure.
Horizon Bank has promoted Kim Modigell to Vice President, Group Commercial Lending Manager. Modigell brings over 24 years of banking experience and has previously served as Vice President, Senior Commercial Loan Officer at Horizon Bank. In her new role, she will continue to support clients and drive commercial lending growth for the nearly $6.6 billion-asset bank.
Horizon Bancorp (HBNC) reported strong Q3 earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.53 and significantly up from $0.30 a year ago. The company also surpassed revenue estimates with $77.09 million for the quarter. HBNC's stock has added about 16.2% year-to-date, outperforming the S&P 500.
Horizon Bank has been honored with the Corporate Philanthropist of the Year Award by Legacy Foundation in Lake County, Indiana. This award recognizes the bank's deep commitment to supporting its community through financial contributions and active volunteerism by its advisors. Horizon Bank emphasizes that corporate philanthropy is integral to its role as a community bank, aiming to improve the living and working conditions in the areas it serves.