Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	305.31	291.07	244.54	173.5	155.73	174.26
Interest Income on Investments	59.58	65.41	67.76	62.53	38.38	25.71
Total Interest Income	364.89	356.48	312.31	236.03	194.11	199.97
Interest Paid on Deposits	110.26	115.04	85.86	17.81	7.87	18.56
Interest Paid on Borrowings	46.97	52.84	50.7	18.71	10.44	15.88
Total Interest Expense	157.23	167.88	136.56	36.52	18.31	34.44
Net Interest Income	207.66	188.6	175.74	199.52	175.81	165.53
Net Interest Income Growth (YoY)	20.09%	7.32%	-11.92%	13.49%	6.21%	2.95%
Trust Income	5.28	5.39	5.08	5.38	7.42	9.15
Gain (Loss) on Sale of Investments	-39.55	-39.14	-32.05	-	0.91	4.3
Other Non-Interest Income	26.24	19.56	19.83	22.66	17.9	14.8
Total Non-Interest Income	9.98	2.97	9.4	46.81	54.59	63.81
Non-Interest Income Growth (YoY)	8.42%	-68.41%	-79.91%	-14.26%	-14.45%	49.54%
Revenues Before Loan Losses	217.64	191.58	185.15	246.33	230.4	229.34
Provision for Loan Losses	6.05	5.39	2.46	-1.82	-2.08	20.75
Revenue	211.58	186.19	182.69	248.14	232.48	208.59
Revenue Growth (YoY)	19.27%	1.91%	-26.38%	6.74%	11.45%	3.53%
Salaries and Employee Benefits	89.15	83.66	77.22	77.81	72.23	69.15
Occupancy Expenses	13.47	13.38	13.36	13.32	12.54	12.81
Federal Deposit Insurance	4.9	5.03	3.88	2.56	2.38	1.86
Amortization of Goodwill & Intangibles	3.32	3.4	3.61	3.7	3.64	3.72
Selling, General & Administrative	32.7	32.74	27.8	25.74	22.45	20.88
Other Non-Interest Expense	19.1	20.62	20.42	20.08	20.15	17.61
Total Non-Interest Expense	162.63	158.84	146.28	143.2	133.39	126.03
EBT Excluding Unusual Items	48.96	27.35	36.41	104.94	99.09	82.56
Asset Writedown	-	-	2.59	-	2.58	-4.45
Pretax Income	48.65	27.35	39	105.58	102.45	78.37
Income Tax Expense	-3.23	-8.08	11.02	12.18	15.36	9.87
Net Income	51.89	35.43	27.98	93.41	87.09	68.5
Net Income to Common	51.89	35.43	27.98	93.41	87.09	68.5
Net Income Growth	171.35%	26.62%	-70.04%	7.25%	27.14%	2.95%
Basic Shares Outstanding	44	44	44	44	44	44
Diluted Shares Outstanding	44	44	44	44	44	44
Shares Change (YoY)	0.41%	0.50%	0.33%	-0.58%	-0.38%	1.21%
EPS (Basic)	1.19	0.81	0.64	2.14	1.99	1.56
EPS (Diluted)	1.17	0.80	0.64	2.14	1.98	1.55
EPS Growth	170.74%	25.00%	-70.09%	8.08%	27.74%	1.32%
Dividend Per Share	0.640	0.640	0.640	0.630	0.560	0.480
Dividend Growth	-	-	1.59%	12.50%	16.67%	4.35%
Effective Tax Rate	-	-	28.25%	11.53%	14.99%	12.59%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q