Horizon Bancorp Management
Management criteria checks 3/4
Horizon Bancorp's CEO is Thomas Prame, appointed in Aug 2022, has a tenure of 2.75 years. total yearly compensation is $1.64M, comprised of 36.6% salary and 63.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $744.82K. The average tenure of the management team and the board of directors is 3.5 years and 6.5 years respectively.
Key information
Thomas Prame
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 36.57% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.5yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
Horizon Bancorp: Attractive Ahead Of Q1 Earnings
Apr 10Horizon Bancorp Appears Undervalued With A Positive Earnings Outlook
Mar 29Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16
Mar 22
Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16
Sep 24
John Stewart's Arrival And Calculated Finance Overhaul To Spearhead Revenue Surge And Margin Expansion
Strengthening financial strategy with a new CFO and expanding loan portfolio could notably enhance Horizon Bancorp's revenue growth and profitability.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 28Horizon 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 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$45m |
| Dec 31 2024 | US$2m | US$600k | US$35m |
| 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$93m |
Compensation vs Market: Thomas's total compensation ($USD1.64M) is below average for companies of similar size in the US market ($USD3.99M).
Compensation vs Earnings: Thomas's compensation has increased by more than 20% in the past year.
CEO
Thomas Prame (54 yo)
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 | 2.8yrs | US$1.64m | 0.11% $ 744.8k | |
| CFO & Executive VP | 1yr | US$1.86m | 0.18% $ 1.1m | |
| Executive VP & Senior Operations Officer | no data | US$623.84k | 0.19% $ 1.2m | |
| Chief Administrative Officer | 1yr | US$672.27k | 0.15% $ 943.8k | |
| Executive VP | 8.2yrs | US$524.59k | 0.065% $ 420.7k | |
| Executive VP & Chief Commercial Banking Officer | 4.3yrs | US$710.88k | 0.071% $ 460.2k | |
| Assistant VP of Public Relations & Social Media Manager | no data | no data | no data | |
| Regional President for Southwest Michigan | 7.6yrs | US$528.43k | no data |
Experienced Management: HBNC's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.3yrs | US$1.64m | 0.11% $ 744.8k | |
| Independent Director | 1.3yrs | US$85.00k | 0.023% $ 147.0k | |
| Independent Director | 21.6yrs | US$92.50k | 0.13% $ 854.5k | |
| Independent Director | 16yrs | US$92.50k | 0.087% $ 563.5k | |
| Independent Director | 11yrs | US$95.00k | 0.066% $ 427.3k | |
| Independent Director | 8.8yrs | US$100.00k | 0.10% $ 659.6k | |
| Independent Chairperson | 7.6yrs | US$92.50k | 0.055% $ 356.4k | |
| Independent Director | 1.3yrs | US$85.00k | 0.015% $ 96.3k | |
| Independent Director | 5.3yrs | US$92.50k | 0.033% $ 213.1k | |
| Independent Director | 2.3yrs | US$89.38k | 0.022% $ 141.8k |
Experienced Board: HBNC's board of directors are considered experienced (6.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 16:33 |
| End of Day Share Price | 2025/05/27 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Horizon Bancorp, Inc. is covered by 8 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 |