NASDAQ$HBNC
Horizon Bancorp Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced record earnings for 2022, driven by strong loan growth and solid asset quality.
Horizon Bancorp, Inc. reported net income of $21.2 million for Q4 2022, with diluted earnings per share of $0.48. The company's commercial and consumer loans grew, and asset quality remained solid. Net interest income was $48.8 million, and non-interest income increased by 4.8% from the previous quarter.
- Total loans grew 13.4% year-to-date and 12.8% annualized during the fourth quarter.
- Commercial loans grew to a record $2.42 billion, up 13.4% year-to-date and 10.8% annualized during the fourth quarter.
- Consumer loans grew to a record $967.8 million, up 30.6% year-to-date and 21.0% annualized during the fourth quarter.
- Asset quality remained solid with total loan delinquency at 0.26% of total loans.
Headline financials
Revenue & EPS history
Horizon Bancorp · Revenue · Quarterly
$59.5M
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's net interest income of approximately $48.8 million in the fourth quarter was a reduction from the third quarter due to rapidly rising short term interest rates, some lag in repricing adjustable rate loans and lower fee and non–interest related income. In addition, Horizon's deposit betas increased at a faster pace in the fourth quarter due to the magnitude and velocity of the Federal Reserve Bank's Open Market Committee raising the targeted federal funds rate. We expect funding costs to stabilize in 2023 as the Federal Reserve Bank tempers the velocity of future rate increases
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 Q4 2022
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro