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Jun 30, 2020
Horizon Bancorp Q2 2020 Earnings Report
Announced second quarter 2020 financial results.
Key Takeaways
Horizon Bancorp reported a net income of $14.6 million, or $0.33 diluted earnings per share, for the second quarter of 2020, compared to $11.7 million, or $0.26 diluted earnings per share, for the first quarter of 2020 and $16.6 million, or $0.37 diluted earnings per share, for the second quarter of 2019.
Net income was $14.6 million, or $0.33 diluted earnings per share.
Pre–tax, pre–provision net income grew to $23.7 million.
Allowance for credit losses increased 13.7% during the quarter to $55.1 million.
Mortgage loans originated reached a record of $252.8 million.
Horizon Bancorp
Horizon Bancorp
Horizon Bancorp Revenue by Segment
Revenue by Segment
Gain on sale of mortgage loans Revenue
CapyFin.com Forward Guidance
Horizon anticipates closely monitoring the potential for increased loan losses, and intends to maintain prudent reserves, tightly manage operating expenses, and use our strong balance sheet and ample funding to continue to meet the needs of the businesses and consumers we serve.