NASDAQ$HBNC
Horizon Bancorp Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported favorable second quarter earnings driven by diversified business model and strong non-interest income growth.
Horizon Bancorp reported a net income of $18.8 million, or $0.43 per diluted share, for the second quarter of 2023. The results reflect the strength of the company's diversified business model and strong non-interest income growth. Net interest income increased to $46.2 million, and non-interest income expanded to $11.0 million. Deposits remained resilient at $5.71 billion, and loans grew to $4.27 billion.
- Net income increased to $18.8 million, or $0.43 per diluted share.
- Net interest income increased to $46.2 million, benefiting from loan and earning asset growth and a $1.5 million swap termination fee.
- Non-interest income expanded to $11.0 million.
- Deposits remained resilient at $5.71 billion, and loans grew to $4.27 billion.
Headline financials
Revenue & EPS history
Horizon Bancorp · Revenue · Quarterly
$57.2M
Revenue by segment
Horizon Bancorp · $11.5M total across 8 segments · Q1 2020
- Gain on mortgage sales$3.47M+165.3%30.2%
- Fiduciary activities$2.53M+21.0%22.0%
- Deposit service charges$2.45M+30.3%21.3%
- Interchange fees$1.9M+39.3%16.5%
- BOLI cash value increase$554K+8.0%4.8%
- Other income$398K-51.7%3.5%
- Wire transfer fees$171K+44.9%1.5%
- Mortgage servicing$25K-95.9%0.2%
Forward guidance
This press release contains forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.0%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.7%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+7.4%
Q2 2023
Best reaction
-20.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +4.8% | +4.4% | |
| Q4 2025 | +2.3% | -3.7% | -0.9% | |
| Q3 2025 | -2.3% | +1.4% | +2.6% | |
| Q2 2025 | -1.4% | -0.7% | +0.4% | |
| Q1 2025 | +4.6% | +4.7% | +3.7% | |
| Q4 2024 | +4.6% | +8.1% | +6.8% | |
| Q3 2024 | +5.8% | +7.4% | +22.3% | |
| Q2 2024 | +6.1% | +3.4% | +2.7% | |
| Q1 2024 | -3.3% | -5.9% | -0.2% | |
| Q4 2023 | -2.2% | -0.4% | -13.5% | |
| Q3 2023 | +0.8% | -1.6% | +16.1% | |
| Q2 2023 | +7.4% | +6.5% | -6.7% | |
| Q1 2023 | +4.9% | +0.5% | -6.7% | |
| Q4 2022 | -4.7% | -2.5% | -0.7% | |
| Q3 2022 | -20.5% | -25.5% | -19.4% | |
| Q2 2022 | +1.5% | +3.5% | +5.2% | |
| Q1 2022 | +0.4% | -2.8% | -1.8% | |
| Q4 2021 | -6.1% | -4.6% | -9.1% | |
| Q3 2021 | -2.7% | +2.1% | +4.5% | |
| Q2 2021 | +4.1% | +3.3% | +10.7% | |
| Q1 2021 | +1.1% | +1.5% | +1.1% | |
| Q4 2020 | -2.7% | -0.2% | +6.1% | |
| Q3 2020 | +1.2% | +3.7% | +25.2% | |
| Q2 2020 | +7.3% | +2.1% | +13.8% | |
| Q1 2020 | +1.9% | -3.4% | -8.1% | |
| Q4 2019 | -1.3% | -3.3% | -15.0% | |
| Q3 2019 | +2.9% | +3.3% | +5.0% | |
| Q2 2019 | +5.6% | +7.1% | -0.9% | |
| Q1 2019 | -2.3% | +3.2% | -0.1% | |
| Q4 2018 | -4.1% | -3.5% | +5.5% | |
| Q3 2018 | -1.1% | +1.6% | +2.4% | |
| Q2 2018 | +3.1% | +2.1% | +0.3% | |
| Q1 2018 | -1.4% | -4.5% | +3.5% | |
| Q4 2017 | +3.0% | +5.5% | +3.2% | |
| Q3 2017 | -0.7% | -5.1% | -6.3% | |
| Q2 2017 | -0.4% | -0.6% | -2.9% | |
| Q1 2017 | +1.5% | +0.4% | -5.9% | |
| Q4 2016 | -0.2% | -4.1% | +0.0% | |
| Q3 2016 | -5.5% | -5.8% | +16.6% | |
| Q2 2016 | +0.8% | +2.1% | +3.6% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | -3.7% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -4.0% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q3 2013 | -1.4% | — | — | |
| Q2 2013 | +0.6% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2011 | -2.1% | — | — | |
| Q4 2012 | -8.5% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q1 2012 | -3.1% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q3 2011 | +1.0% | — | — | |
| Q2 2011 | +4.7% | — | — | |
| Q4 2010 | +4.7% | — | — | |
| Q2 2010 | +4.7% | — | — | |
| Q1 2010 | +1.6% | — | — |
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