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Jun 30, 2023
Horizon Bancorp Q2 2023 Earnings Report
Reported favorable second quarter earnings driven by diversified business model and strong non-interest income growth.
Key Takeaways
Horizon Bancorp reported a net income of $18.8 million, or $0.43 per diluted share, for the second quarter of 2023. The results reflect the strength of the company's diversified business model and strong non-interest income growth. Net interest income increased to $46.2 million, and non-interest income expanded to $11.0 million. Deposits remained resilient at $5.71 billion, and loans grew to $4.27 billion.
Net income increased to $18.8 million, or $0.43 per diluted share.
Net interest income increased to $46.2 million, benefiting from loan and earning asset growth and a $1.5 million swap termination fee.
Non-interest income expanded to $11.0 million.
Deposits remained resilient at $5.71 billion, and loans grew to $4.27 billion.
Forward Guidance
This press release contains forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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