Horizon Bancorp Management
Management criteria checks 3/4
Horizon Bancorp's CEO is Thomas Prame, appointed in Aug 2022, has a tenure of 2.33 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 $516.05K. The average tenure of the management team and the board of directors is 3.1 years and 6 years respectively.
Key information
Thomas Prame
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 52.3% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.1yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16
Sep 24
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 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 02CEO 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 below average for companies of similar size in the US market ($USD3.22M).
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)
2.3yrs
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 | 2.3yrs | US$1.11m | 0.072% $ 516.0k | |
| Executive VP & Senior Operations Officer | no data | US$574.06k | 0.18% $ 1.3m | |
| Chief Administration Officer & Executive VP | less than a year | US$623.79k | 0.14% $ 976.0k | |
| Executive VP | 7.8yrs | US$450.63k | 0.056% $ 401.5k | |
| Executive VP & Chief Commercial Banking Officer | 3.9yrs | US$593.78k | 0.062% $ 443.1k | |
| CFO & Executive VP | less than a year | no data | 0.18% $ 1.3m | |
| Public Relations Manager | no data | no data | no data | |
| Regional President for Southwest Michigan | 7.2yrs | US$528.43k | no data |
3.1yrs
Average Tenure
57.5yo
Average Age
Experienced Management: HBNC's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.9yrs | US$1.11m | 0.072% $ 516.0k | |
| Chairman | 26yrs | US$1.99m | 1.2% $ 8.6m | |
| Independent Director | less than a year | no data | 0.023% $ 163.5k | |
| Independent Director | 21.2yrs | US$82.92k | 0.12% $ 873.7k | |
| Independent Director | 15.6yrs | US$84.38k | 0.088% $ 626.8k | |
| Independent Director | 10.6yrs | US$90.00k | 0.064% $ 457.8k | |
| Lead Independent Director | 8.4yrs | US$95.63k | 0.096% $ 687.8k | |
| Independent Director | 7.2yrs | US$85.00k | 0.050% $ 356.7k | |
| Independent Director | less than a year | no data | 0.0094% $ 67.4k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.9yrs | US$85.00k | 0.028% $ 197.3k | |
| Independent Director | 1.9yrs | US$80.00k | 0.017% $ 117.9k |
6.0yrs
Average Tenure
61yo
Average Age
Experienced Board: HBNC's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 03:24 |
| End of Day Share Price | 2024/12/26 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 |
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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 here.
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 |