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Horizon Bancorp [In] (HBNC)
NASDAQ:HBNC
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.32Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 5.15%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, with notable achievements in margin expansion, loan growth, and a successful business sale. While there were some challenges, such as the decrease in consumer loans and increase in nonperforming loans, the overall sentiment was positive as the company displayed strong credit metrics, effective expense management, and improved capital ratios.Company Guidance
During the Horizon Bancorp, Inc. conference call discussing the first quarter of 2025, management highlighted several key financial metrics that underscore the company's positive momentum and strategic execution. The quarter marked the sixth consecutive period of margin expansion, with the net interest margin climbing to 3.04%. Loan growth was strong, with an annualized increase of 5%, driven by a 14% rise in commercial loans. Noninterest income aligned with expectations, bolstered by a $7 million gain from selling the mortgage warehouse division. The allowance for credit losses increased to $52.7 million, representing 1.07% of total loans. The credit quality metrics remained robust, with nonperforming loans at 62 basis points of total loans and net charge-offs at 7 basis points on an annualized basis. Horizon's funding base remained stable, with noninterest-bearing deposits rising modestly, and the company benefitted from strategic borrowing reductions. Looking ahead, Horizon anticipates maintaining a mid-single-digit loan growth rate for 2025 and expects net interest income to grow in the mid-teens, driven by continued strategic balance sheet execution.Margin Expansion
Achieved a sixth consecutive quarter of margin expansion, now above 3%.
Loan Growth
Annualized loan growth of 5%, with a 14% annualized increase in commercial loans.
Sale of Mortgage Warehouse Business
Completed the sale of the mortgage warehouse business, resulting in a $7 million gain.
Strong Credit Metrics
Commercial credit quality metrics remain at or below peer performance, with low net charge-offs.
Expense Management
Delivered a significant step down in expense run rate from the fourth quarter.
Deposit Stability
Core relationship balances were stable, with noninterest-bearing deposits up modestly.
Net Interest Margin Increase
Net interest margin increased by 8 basis points to 3.04%.
Capital Ratios Improvement
Strong increases in all capital ratios and tangible book value per share.
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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 |
|---|---|---|---|
| Apr 23, 2025 | $14.18 | $14.83 | +4.58% |
| Jan 22, 2025 | $15.52 | $16.24 | +4.64% |
| Oct 23, 2024 | $14.78 | $15.68 | +6.09% |
| Jul 24, 2024 | $14.60 | $15.78 | +8.08% |
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 Jul 23, 2025, TBA Not Confirmed.
What is Horizon Bancorp [In] (HBNC) earnings time?
Horizon Bancorp [In] (HBNC) earnings time is at Jul 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 (Q2) is 0.44.
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