Aankondiging • Apr 02
Horizon Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Horizon Bancorp, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Declared Dividend • Mar 30
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd April 2026 Payment date: 17th April 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Aankondiging • Mar 23
Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026 Horizon Bancorp, Inc., Annual General Meeting, May 07, 2026. Aankondiging • Jan 27
Horizon Bancorp, Inc. Announces Changes in Board of Directors Horizon Bancorp, Inc. announced that James B. Dworkin will retire from the Board of Directors effective at the expiration of his current term on May 7, 2026. James B. Dworkin, Chancellor Emeritus & Professor of Management Mitchell E. Daniels School of Business Purdue University North Central, has served on Horizon’s Board of Directors since 2003, and on the Board of Directors of Horizon Bank since 2002. In this role, he served as a member of Horizon’s Audit Committee and the Chair of the Wealth Committee. Also, in an unrelated action, on January 20, 2026, Julie S. Freigang submitted notice of her resignation from the Board of Directors, effective January 20, 2026. Julie S. Freigang, Vice President & Chief Information Officer of CF Industries Holdings, Inc. has served on the Board of Directors of Horizon Bank since 2019 and was appointed to the Horizon Board of Directors in January 2020. In this role, she served as a member of the Audit Committee and was the Chair of the Cyber Security Committee. Aankondiging • Jan 22
Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 Horizon Bancorp, Inc. reported Total net charge-offs for the fourth quarter Ended December 31, 2025. For the quarter, the company reported Total net charge-offs of $970,000 against $626,000 a year ago. Aankondiging • Jan 03
Horizon Bancorp, Inc. to Report Q4, 2025 Results on Jan 21, 2026 Horizon Bancorp, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026 Declared Dividend • Dec 22
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd January 2026 Payment date: 16th January 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Aankondiging • Oct 24
Horizon Bancorp, Inc. Reports Total Net Charge-Offs for the Third Quarter Ended September 30, 2025 Horizon Bancorp, Inc. reported Total net charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Total net charge-offs of $831,000 against $378,000 a year ago. Aankondiging • Oct 15
Horizon Bancorp, Inc. Announces the Appointment of Larry S. Magnesen as Independent Director, Effective October 10, 2025 Horizon Bancorp, Inc. announced the appointment of Larry S. Magnesen to serve as independent director on the Company’s Board of Directors, effective on October 10, 2025. Currently serving on Horizon Bank’s Board of Directors, Magnesen is the retired Senior Vice President, Corporate Communications Director at Fifth Third Bank (Chicago) with over forty years of experience in the banking industry. During his time with Fifth Third Bank, he also served as Chief Reputation Officer and Chief Marketing Officer based in Cincinnati, Ohio, and Senior Vice President, Regional Marketing based in Grand Rapids, Michigan. Previously, Magnesen served various roles in Retail Banking, Business Banking, and Marketing at other banks including Old Kent Bank, Banc One Ohio Corporation, now part of Chase Bank, and Citibank. Additionally, he served in leadership roles on non-profit boards in communities throughout the Midwest including, LISC Grand Rapids, Meijer Gardens and Sculpture Park, and Public Media Connect. Magnesen earned his bachelor’s degree in Psychology and International Business from Carthage College in Kenosha, Wisconsin, and has a Master of Management from Northwestern University, J.L. Kellogg Graduate School of Management with dual concentrations in Marketing and Finance. With his addition to the Horizon Bancorp Board, Magnesen joins the Enterprise Risk Management, Credit Policy, and Fair Lending Committee and the Wealth Committee. Aankondiging • Oct 02
Horizon Bancorp, Inc. to Report Q3, 2025 Results on Oct 22, 2025 Horizon Bancorp, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Declared Dividend • Sep 22
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 3rd October 2025 Payment date: 17th October 2025 Dividend yield will be 4.2%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 59% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • Sep 18
Horizon Bancorp, Inc. Approves Dividend, Payable on October 17, 2025 On September 16, 2025, the Board of Directors of Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on October 17, 2025 to stockholders of record on October 3, 2025. New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 24
Second quarter 2025 earnings released: EPS: US$0.47 (vs US$0.32 in 2Q 2024) Second quarter 2025 results: EPS: US$0.47 (up from US$0.32 in 2Q 2024). Revenue: US$63.8m (up 20% from 2Q 2024). Net income: US$20.6m (up 46% from 2Q 2024). Profit margin: 32% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Banks industry in Europe. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Aankondiging • Jul 02
Horizon Bancorp, Inc. to Report Q2, 2025 Results on Jul 23, 2025 Horizon Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Declared Dividend • Jun 30
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 3rd July 2025 Payment date: 18th July 2025 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 19
Horizon Bancorp, Inc. Approves Dividend, Payable on July 18, 2025 Horizon Bancorp, Inc. approved a dividend of $0.16 per share, payable on July 18, 2025 to stockholders of record on July 3, 2025. Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Brian Walker was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: US$0.55 (vs US$0.32 in 1Q 2024) First quarter 2025 results: EPS: US$0.55 (up from US$0.32 in 1Q 2024). Revenue: US$67.4m (up 29% from 1Q 2024). Net income: US$23.9m (up 71% from 1Q 2024). Profit margin: 36% (up from 27% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €11.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 15% over the past year. Aankondiging • Apr 02
Horizon Bancorp, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Horizon Bancorp, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Declared Dividend • Mar 24
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 4th April 2025 Payment date: 18th April 2025 Dividend yield will be 4.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (79% payout ratio) and is expected to be covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 85% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 20
Horizon Bancorp, Inc. announces Quarterly dividend, payable on April 18, 2025 Horizon Bancorp, Inc. announced Quarterly dividend of USD 0.1600 per share payable on April 18, 2025, ex-date on April 04, 2025 and record date on April 04, 2025. Aankondiging • Mar 18
Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025 Horizon Bancorp, Inc., Annual General Meeting, May 01, 2025. Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: US$0.81 (vs US$0.64 in FY 2023) Full year 2024 results: EPS: US$0.81 (up from US$0.64 in FY 2023). Revenue: US$186.2m (up 1.9% from FY 2023). Net income: US$35.4m (up 27% from FY 2023). Profit margin: 19% (up from 15% in FY 2023). The increase in margin was primarily driven by lower expenses. Net interest margin (NIM): 2.68% (up from 2.54% in FY 2023). Non-performing loans: 0.56% (up from 0.46% in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Aankondiging • Feb 27
Horizon Bancorp, Inc. Announces Board Changes, Effective May 1, 2025 Horizon Bancorp, Inc. announced that Craig Dwight, Chairman of Board, will retire from the Board of Directors effective at the expiration of his current term on May 1, 2025. Mr. Dwight provided written notice of his decision on February 24, 2025, which was accepted by the Board on February 25, 2025. Concurrently, the Board of Directors elected Eric Blackhurst to serve as an Independent Chairperson, effective upon Mr. Dwight’s retirement. Mr. Blackhurst has served as a Company Director for over seven years during which time his leadership has been instrumental, notably as Chairperson of Corporate Governance and as a member of the Compensation Committee. Mr. Blackhurst recently retired from an esteemed 35-year career at The Dow Chemical Company where he served as Associate General Counsel, Corporate Transactions and Latin America. His is currently interim president of Alma College. Additionally, with Horizon’s transition to an Independent Chairperson, the role of Independent Lead Director, currently held by Michele Magnuson, will be retired. Ms. Magnuson will remain on the Board and continue to serve on the Compensation and Governance Committees. Recent Insider Transactions • Feb 21
Chairman recently sold €165k worth of stock On the 19th of February, Craig Dwight sold around 10k shares on-market at roughly €16.47 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €332k. This was Craig's only on-market trade for the last 12 months. Aankondiging • Jan 04
Horizon Bancorp, Inc. to Report Q4, 2024 Results on Jan 22, 2025 Horizon Bancorp, Inc. announced that they will report Q4, 2024 results After-Market on Jan 22, 2025 Declared Dividend • Dec 23
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 3rd January 2025 Payment date: 17th January 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, the dividend is expected to be well covered in 3 years' time (39% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Recent Insider Transactions • Dec 08
Insider recently sold €332k worth of stock On the 4th of December, Mark Secor sold around 19k shares on-market at roughly €17.08 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €627k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 88% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €29.16 per share. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.42 (vs US$0.37 in 3Q 2023) Third quarter 2024 results: EPS: US$0.42 (up from US$0.37 in 3Q 2023). Revenue: US$57.4m (up 6.9% from 3Q 2023). Net income: US$18.2m (up 12% from 3Q 2023). Profit margin: 32% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Declared Dividend • Sep 30
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 4th October 2024 Payment date: 18th October 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 58% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Aankondiging • Sep 27
Horizon Bancorp, Inc. to Report Q3, 2024 Results on Oct 23, 2024 Horizon Bancorp, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €12.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €23.47 per share. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$0.32 (vs US$0.43 in 2Q 2023) Second quarter 2024 results: EPS: US$0.32 (down from US$0.43 in 2Q 2023). Revenue: US$53.4m (down 5.5% from 2Q 2023). Net income: US$14.1m (down 25% from 2Q 2023). Profit margin: 27% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €19.21 per share. Aankondiging • Jun 28
Horizon Bancorp, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Horizon Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.32 (vs US$0.42 in 1Q 2023) First quarter 2024 results: EPS: US$0.32 (down from US$0.42 in 1Q 2023). Revenue: US$52.4m (down 4.0% from 1Q 2023). Net income: US$14.0m (down 23% from 1Q 2023). Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Aankondiging • Apr 02
Horizon Bancorp, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Horizon Bancorp, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 
