Horizon Bancorp, Inc. (HBNC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the financial institutions quietly shaping the Midwest? Is Horizon Bancorp, Inc. (HBNC) one of them? With roots stretching back to 1873 and a current market capitalization of $568.67 million, Horizon Bancorp operates as the bank holding company for Horizon Bank, serving both commercial and retail customers across Indiana and Michigan. Let's delve into the history, ownership structure, mission, operational mechanics, and revenue streams that define Horizon Bancorp, revealing its role in the financial landscape.

Horizon Bancorp, Inc. (HBNC) History

Horizon Bancorp, Inc. Founding Timeline

Year established

The company was established in 1873.

Original location

The company's original location was in Michigan City, Indiana.

Founding team members

While specific names of the original founding members are not readily available in the provided search snippets, the institution was founded as a building and loan association in 1873.

Initial capital/funding

Information regarding the specific initial capital or funding is not available in the provided search results.

Horizon Bancorp, Inc. Evolution Milestones

Horizon Bancorp, Inc. Transformative Moments

• Strategic Acquisitions: The series of acquisitions, including American Trust & Savings Bank, Peoples Federal Savings Bank, and St. Joseph Capital Corporation, significantly expanded Horizon’s market presence and asset base throughout Indiana and into the Chicago metropolitan area.
• Merger with Midwest Banc Holdings, Inc.: This merger in 2016 marked a transformative moment, substantially increasing Horizon’s footprint in the Chicago area and demonstrating a strategic move to penetrate a major metropolitan market.
• Expansion into Michigan: Entering the Ann Arbor, Michigan market in 2018 represented a geographic diversification and growth opportunity, extending the bank’s reach beyond its Indiana roots.
• Recognition as a Top Workplace: Being named one of the Best Banks to Work For by American Banker in 2021 highlights the company's focus on creating a positive and engaging work environment, which can contribute to employee satisfaction and customer service quality.

To gain further insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Horizon Bancorp, Inc. (HBNC).

Horizon Bancorp, Inc. (HBNC) Ownership Structure

Horizon Bancorp, Inc. features a mix of institutional, retail, and insider ownership, shaping its governance and strategic direction.

Horizon Bancorp, Inc.'s Current Status

Horizon Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly-traded entity, HBNC is subject to regulatory requirements, including financial reporting and corporate governance standards.

Horizon Bancorp, Inc.'s Ownership Breakdown

Understanding the ownership structure of Horizon Bancorp, Inc. provides insights into who has the most influence on the company's decisions. The following table breaks down the ownership percentages by shareholder type:

Horizon Bancorp, Inc.'s Leadership

The leadership team plays a crucial role in guiding Horizon Bancorp, Inc.'s strategy and operations. Key members of the leadership team as of April 2025 include:

• Craig M. Dwight: Chairman and Chief Executive Officer
• Mark E. Secor: Executive Vice President and Chief Financial Officer
• Lynn Kerber: Executive Vice President, Retail

These individuals, along with other executive leaders, are responsible for the overall management and strategic direction of the company.

To delve deeper into understanding who is investing in Horizon Bancorp, Inc. and the motivations behind those investments, check out this insightful analysis: Exploring Horizon Bancorp, Inc. (HBNC) Investor Profile: Who’s Buying and Why?

Horizon Bancorp, Inc. (HBNC) Mission and Values

Horizon Bancorp, Inc. aims to deliver value to its shareholders, customers, and communities by providing a wide array of banking services while upholding its core values. These values emphasize integrity, customer satisfaction, community involvement, and employee development.

Horizon Bancorp, Inc.'s Core Purpose

Official mission statement

Horizon Bancorp, Inc.'s official mission statement is: To be the best community bank in the markets we serve.

This mission statement reflects a commitment to:

• Community Focus: Prioritizing the needs of the local communities where it operates.
• Excellence: Striving to be the 'best' in terms of service, products, and overall customer experience.
• Market Leadership: Aiming to be a leading bank within its defined geographic areas.

Vision statement

Horizon Bancorp, Inc.'s vision statement is: To be a strong, growing, independent financial institution.

This vision statement underscores the following aspirations:

• Strength: Maintaining a solid financial foundation to ensure long-term stability.
• Growth: Expanding its reach and impact through strategic initiatives and market penetration.
• Independence: Preserving its autonomy to maintain its unique culture and community focus.

Company slogan/tagline

Horizon Bancorp, Inc.'s slogan is 'Your bank for life.'

This tagline emphasizes:

• Long-Term Relationships: Building lasting connections with customers that span their entire lives.
• Trust and Reliability: Positioning itself as a dependable financial partner for all stages of life.
• Comprehensive Services: Offering a range of products and services to meet customers' evolving needs over time.

For additional insights into Horizon Bancorp, Inc.'s mission, vision, and core values, you can visit: Mission Statement, Vision, & Core Values of Horizon Bancorp, Inc. (HBNC).

Horizon Bancorp, Inc. (HBNC) How It Works

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank, offering a range of commercial and retail banking services across northern and central Indiana and southern Michigan.

Horizon Bancorp, Inc.’s Product/Service Portfolio

Horizon Bancorp, Inc.'s Operational Framework

Horizon Bancorp, Inc. focuses on building strong customer relationships and providing personalized financial solutions. The bank operates through a network of community banking branches and digital channels. Key aspects of its operational framework include:

• Loan Origination and Management: Horizon Bank originates various types of loans, carefully assessing credit risk and managing its loan portfolio to ensure quality and profitability.
• Deposit Gathering: The bank attracts deposits from individuals and businesses through competitive interest rates and a variety of account options. These deposits provide the funding for lending activities.
• Investment Management: Horizon manages its investment portfolio to optimize returns while maintaining liquidity and managing interest rate risk.
• Customer Service: Emphasis is placed on providing excellent customer service through knowledgeable staff and convenient banking channels.
• Community Involvement: Horizon actively participates in community development and support initiatives, enhancing its reputation and fostering local economic growth.

To learn more about the investors of Horizon Bancorp, Inc., visit: Exploring Horizon Bancorp, Inc. (HBNC) Investor Profile: Who’s Buying and Why?

Horizon Bancorp, Inc.'s Strategic Advantages

Horizon Bancorp, Inc. has several strategic advantages that contribute to its success:

• Strong Local Presence: With a significant presence in northern and central Indiana and southern Michigan, Horizon benefits from deep local market knowledge and established customer relationships.
• Diversified Product and Service Offerings: The bank’s wide array of products and services allows it to meet the diverse financial needs of its customer base, from individuals to small businesses.
• Experienced Management Team: Horizon's leadership team brings extensive banking and financial expertise, guiding the company’s strategic direction and operational execution.
• Focus on Technology: Horizon continues to invest in technology to enhance its digital banking capabilities and improve the customer experience.
• Sound Risk Management Practices: The bank maintains a conservative approach to risk management, ensuring the stability and long-term sustainability of its operations.

Horizon Bancorp, Inc. (HBNC) How It Makes Money

Horizon Bancorp, Inc. primarily generates revenue through traditional banking activities, including taking deposits and originating loans.

Horizon Bancorp, Inc. Revenue Breakdown

Horizon Bancorp, Inc. Business Economics

Horizon Bancorp, Inc.'s business economics are driven by the spread between the interest it earns on loans and the interest it pays on deposits, along with fees generated from various banking services.

• Net Interest Margin (NIM): A critical factor for profitability. Higher NIM indicates better earnings efficiency.
• Operating Efficiency: Focuses on managing non-interest expenses to maximize profitability.
• Loan Portfolio Composition: Diversification across loan types (commercial, residential, consumer) helps mitigate risks.

Understanding the Mission Statement, Vision, & Core Values of Horizon Bancorp, Inc. (HBNC). can provide additional insight into their business strategies.

Horizon Bancorp, Inc. Financial Performance

Key indicators of Horizon Bancorp, Inc.'s financial health include:

• Earnings Growth: Consistent growth in earnings per share (EPS) reflects strong financial performance.
• Asset Quality: Monitored through metrics like non-performing assets as a percentage of total assets. Lower percentages indicate better asset quality.
• Capital Adequacy Ratios: Ratios like Tier 1 capital ratio indicate the bank's ability to absorb losses. Regulatory requirements mandate minimum levels.
• Return on Assets (ROA) and Return on Equity (ROE): These profitability ratios measure how efficiently the bank is using its assets and equity to generate profits.

Horizon Bancorp, Inc. (HBNC) Market Position & Future Outlook

Horizon Bancorp, Inc. navigates a competitive financial landscape, striving to enhance its market position through strategic growth initiatives and a focus on community banking. The company's future outlook is influenced by its ability to capitalize on market opportunities while effectively managing potential risks.

Competitive Landscape

Opportunities & Challenges

Industry Position

Horizon Bancorp operates as a regional bank, primarily serving communities in Northern and Central Indiana and Southern Michigan. As of the fiscal year 2024, the banking sector is characterized by:

• A mix of large national banks, regional players, and community-focused institutions.
• Increasing adoption of digital banking technologies, influencing customer expectations and service delivery.
• A regulatory environment focused on capital adequacy, consumer protection, and cybersecurity.

Horizon Bancorp's focus on community banking and local market knowledge positions it to cater to customers seeking personalized service and local expertise. For more insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Horizon Bancorp, Inc. (HBNC).