Horizon Bancorp Management
Management criteria checks 3/4
Horizon Bancorp's CEO is Thomas Prame, appointed in Aug 2022, has a tenure of 1.75 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 $392.30K. The average tenure of the management team and the board of directors is 6.6 years and 6.6 years respectively.
Key information
Thomas Prame
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 52.3% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.07% |
| Management average tenure | 6.6yrs |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings Outlook
May 03Horizon Bancorp: All In All, A Positive Q4 2023
Jan 31Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's
Mar 28
Horizon Bancorp (NASDAQ:HBNC) Is Increasing Its Dividend To $0.16
Jan 03Horizon Bancorp goes ex dividend tomorrow
Oct 05Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's
Oct 02Horizon Bancorp: Strong Loan Growth To Lift Earnings
Aug 25Horizon Bancorp (NASDAQ:HBNC) Ticks All The Boxes When It Comes To Earnings Growth
Aug 16Horizon Bancorp Non-GAAP EPS of $0.57 beats by $0.05, revenue of $65.44M beats by $1.71M
Jul 27Horizon Bancorp's (NASDAQ:HBNC) Dividend Will Be Increased To US$0.16
Jun 30Horizon Bancorp: Loan Growth Likely To Boost The Bottom Line
Jun 10Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's
Mar 24Horizon Bancorp: Strong Topline Growth On The Cards
Mar 13Does Horizon Bancorp (NASDAQ:HBNC) Deserve A Spot On Your Watchlist?
Mar 02Horizon Bancorp (NASDAQ:HBNC) Is Increasing Its Dividend To US$0.15
Dec 30Horizon Bancorp: Attractively Valued With Prospects Of Balance Sheet Growth
Nov 20Horizon Bancorp's (NASDAQ:HBNC) Dividend Will Be Increased To US$0.15
Sep 25Horizon Bancorp: Expansion Plans To Boost Earnings
Aug 05TCF Financial sells 14 bank branches to Horizon Bank amid merger with Huntington
May 26With EPS Growth And More, Horizon Bancorp (NASDAQ:HBNC) Is Interesting
May 26Some Shareholders May find It Hard To Increase Horizon Bancorp, Inc.'s (NASDAQ:HBNC) CEO Compensation This Year
Apr 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 below average for companies of similar size in the US market ($USD2.45M).
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 (53 yo)
1.8yrs
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 | 1.8yrs | US$1.11m | 0.072% $ 392.3k | |
| CFO & Executive VP | 15.3yrs | US$623.79k | 0.18% $ 983.6k | |
| Executive VP & Senior Operations Officer | no data | US$574.06k | 0.21% $ 1.2m | |
| Executive VP | 7.2yrs | US$450.63k | 0.057% $ 312.6k | |
| Executive VP & Chief Commercial Banking Officer | 3.3yrs | US$593.78k | 0.065% $ 358.6k | |
| Public Relations Manager | no data | no data | no data | |
| Regional President for Southwest Michigan | 6.6yrs | US$528.43k | 0% $ 0 |
6.6yrs
Average Tenure
56.5yo
Average Age
Experienced Management: HBNC's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.3yrs | US$1.11m | 0.072% $ 392.3k | |
| Chairman | 25.4yrs | US$1.99m | 1.19% $ 6.5m | |
| Independent Director | less than a year | no data | 0.023% $ 124.3k | |
| Independent Director | 20.6yrs | US$82.92k | 0.12% $ 664.2k | |
| Independent Director | 15yrs | US$84.38k | 0.087% $ 476.5k | |
| Independent Director | 10yrs | US$90.00k | 0.063% $ 348.0k | |
| Lead Independent Director | 7.8yrs | US$95.63k | 0.095% $ 522.9k | |
| Independent Director | 6.6yrs | US$85.00k | 0.049% $ 271.1k | |
| Independent Director | less than a year | no data | 0.0093% $ 51.2k | |
| Independent Director | 4.3yrs | US$85.00k | 0.027% $ 150.0k | |
| Independent Director | 1.3yrs | US$80.00k | 0.016% $ 89.7k |
6.6yrs
Average Tenure
60yo
Average Age
Experienced Board: HBNC's board of directors are considered experienced (6.6 years average tenure).