NASDAQ$HBNC
Horizon Bancorp Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Achieved record profitability with diluted EPS of $0.52.
Horizon Bancorp announced record net income of $23.1 million for Q3 2021, a 4.0% increase from the previous quarter and a 13.6% increase year-over-year. Diluted EPS reached $0.52, up from $0.50 in the linked quarter and $0.46 in Q3 2020. The company completed the acquisition of 14 branches in Michigan and experienced growth in net interest income and managed non-interest expenses effectively.
- Completed acquisition of 14 branches in Michigan, adding approximately $206.8 million in loans and $846.4 million in deposits.
- Net income reached a record $23.1 million, with diluted EPS of $0.52.
- Pre-tax, pre-provision net income grew to a record $28.2 million, up 15.5% from the linked quarter.
- Net interest income grew to a record $46.5 million, up 9.2% from the second quarter of 2021.
Headline financials
Revenue & EPS history
Horizon Bancorp · Revenue · Quarterly
$62.6M
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
Horizon Bancorp did not provide specific forward guidance in this earnings report. The company's commentary focused on its current performance, recent acquisition, and positioning for future growth.
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 Q3 2021
-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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