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Dec 31, 2020
Horizon Bancorp Q4 2020 Earnings Report
Horizon Bancorp announced record quarterly top and bottom-line results, driven by mortgage lending, fee-generating businesses, deleveraging efforts, and favorable credit quality metrics.
Key Takeaways
Horizon Bancorp reported a record fourth quarter in 2020, marked by significant growth in net income, pre-tax pre-provision net income, and net interest income. The company's performance was bolstered by strong mortgage lending and fee-generating businesses.
Record net income of $21.9 million, or $0.50 diluted earnings per share.
Record pre–tax, pre–provision net income of $26.9 million.
Record net interest income of $43.6 million.
Mortgage–related non–interest income grew by 8.5% from the linked quarter and 138.6% from the prior year period.
Revenue by Segment
Forward Guidance
Horizon Bancorp did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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