Horizon Bancorp Management
Management criteria checks 3/4
Horizon Bancorp's CEO is Thomas Prame, appointed in Aug 2022, has a tenure of 2.42 years. total yearly compensation is $1.11M, comprised of 52.3% salary and 47.7% bonuses, including company stock and options. directly owns 0.072% of the company’s shares, worth €478.53K. The average tenure of the management team and the board of directors is 3.2 years and 6.1 years respectively.
Key information
Thomas Prame
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 52.3% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.2yrs |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$21m |
| Jun 30 2024 | n/a | n/a | US$19m |
| Mar 31 2024 | n/a | n/a | US$24m |
| Dec 31 2023 | US$1m | US$581k | US$28m |
| Sep 30 2023 | n/a | n/a | US$74m |
| Jun 30 2023 | n/a | n/a | US$82m |
| Mar 31 2023 | n/a | n/a | US$88m |
| Dec 31 2022 | US$456k | US$201k | US$93m |
Compensation vs Market: Thomas's total compensation ($USD1.11M) is about average for companies of similar size in the German market ($USD1.42M).
Compensation vs Earnings: Thomas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Thomas Prame (54 yo)
2.4yrs
Tenure
US$1,110,057
Compensation
Mr. Thomas M. Prame served as a Director of Horizon Bancorp, Inc. since November 2022 and serves as its President since August 15, 2022 and also serves as its Chief Executive Officer since June 01, 2023 an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.4yrs | US$1.11m | 0.072% € 478.5k | |
| Executive VP & Senior Operations Officer | no data | US$574.06k | 0.18% € 1.2m | |
| Chief Administration Officer & Executive VP | less than a year | US$623.79k | 0.14% € 905.0k | |
| Executive VP | 7.8yrs | US$450.63k | 0.056% € 372.4k | |
| Executive VP & Chief Commercial Banking Officer | 4yrs | US$593.78k | 0.062% € 410.9k | |
| CFO & Executive VP | less than a year | no data | 0.18% € 1.2m | |
| Public Relations Manager | no data | no data | no data | |
| Regional President for Southwest Michigan | 7.3yrs | US$528.43k | no data |
3.2yrs
Average Tenure
57.5yo
Average Age
Experienced Management: 4WC's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2yrs | US$1.11m | 0.072% € 478.5k | |
| Chairman | 26.1yrs | US$1.99m | 1.2% € 8.0m | |
| Independent Director | less than a year | no data | 0.023% € 151.6k | |
| Independent Director | 21.3yrs | US$82.92k | 0.12% € 810.2k | |
| Independent Director | 15.7yrs | US$84.38k | 0.088% € 581.2k | |
| Independent Director | 10.7yrs | US$90.00k | 0.064% € 424.5k | |
| Lead Independent Director | 8.5yrs | US$95.63k | 0.096% € 637.8k | |
| Independent Director | 7.3yrs | US$85.00k | 0.050% € 330.7k | |
| Independent Director | less than a year | no data | 0.0094% € 62.5k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 5yrs | US$85.00k | 0.028% € 182.9k | |
| Independent Director | 2yrs | US$80.00k | 0.017% € 109.4k |
6.1yrs
Average Tenure
61yo
Average Age
Experienced Board: 4WC's board of directors are considered experienced (6.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 01:51 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Horizon Bancorp, Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Martin | FIG Partners |
| Brendan Nosal | Hovde Group, LLC |
| Brian Martin | Janney Montgomery Scott LLC |