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Horizon Bancorp [In] (HBNC)
NASDAQ:HBNC
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: 9.43%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong loan growth, improved net interest margin, and positive credit metrics, driven by strategic initiatives and effective expense management. Despite these achievements, the call noted challenges such as decreased consumer loan balances, a decline in noninterest income, and higher-than-expected expenses. The sentiment reflects a positive outlook for 2025 with continued focus on strategic growth and financial optimization.Company Guidance
During the Horizon Bancorp, Inc. earnings call for Q4 2024, the company provided guidance emphasizing strong financial performance metrics and strategic initiatives. The quarter witnessed exceptional loan growth with a 10% annualized increase, excluding warehouse balances, and a significant rise in net interest margin for the fifth consecutive quarter. The company reported a net loan growth of $408 million for the year, with commercial loans growing by $164 million in the quarter, marking a 22% annualized increase. Deposit trends were stable, with a strategic reduction in high-cost CDs to enhance profitability. The net interest margin improved by 31 basis points to 2.97%, driven by redeploying cash from securities sales and reducing high-cost deposit balances. The company's allowance for credit losses stood at $52 million, with credit quality remaining strong. For 2025, Horizon anticipates mid-single-digit growth in loans held for investment and a net interest income growth in the mid-teens, with expenses projected to be flat to up slightly compared to 2024. The company also highlighted its focus on strategic actions, including a successful securities repositioning and the sale of its mortgage warehouse division, contributing to positive momentum for the coming year.Strong Loan Growth
Total loans held for investment, excluding mortgage warehouse, grew by $123 million, representing 10% annualized growth. The commercial lending segment experienced a 22% annualized growth in net loans.
Improved Net Interest Margin
Net interest margin increased by 31 basis points to 2.97%, driven by strategic redeployment of cash proceeds and reduction of higher-cost deposit balances.
Positive Credit Metrics
Commercial credit quality is strong with key metrics at or below peer performance, including past due loans greater than 30 days at 10 basis points and a nonperforming loan ratio declining to 19 basis points.
Strategic Initiatives and Expense Management
Restructuring initiatives completed in the quarter are expected to lead to a more efficient cost structure in 2025, with key strategic initiatives yielding positive financial positioning.
Sale of Mortgage Warehouse Division
The mortgage warehouse division was sold for a gain, effective January 17, which will be recognized in Q1 results.
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HBNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HBNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $15.70 | $16.43 | +4.65% |
| Oct 23, 2024 | $14.96 | $15.86 | +6.02% |
| Jul 24, 2024 | $14.77 | $15.96 | +8.06% |
| Apr 24, 2024 | $11.77 | $11.45 | -2.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Horizon Bancorp [In] (HBNC) report earnings?
Horizon Bancorp [In] (HBNC) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Horizon Bancorp [In] (HBNC) earnings time?
Horizon Bancorp [In] (HBNC) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HBNC EPS forecast?
HBNC EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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