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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.
Horizon Bancorp
Horizon Bancorp
Horizon Bancorp Revenue by Segment
Revenue by Segment
Gain on sale of mortgage loans Revenue
CapyFin.comMortgage servicing income Revenue
CapyFin.com Forward Guidance
Horizon Bancorp did not provide specific forward guidance in the earnings report.