Mission Statement, Vision, & Core Values (2024) of Horizon Bancorp, Inc. (HBNC)

Mission Statement, Vision, & Core Values (2024) of Horizon Bancorp, Inc. (HBNC)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Horizon Bancorp, Inc. (HBNC)

General Summary of Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp, Inc. is a bank holding company headquartered in Michigan City, Indiana. The company operates through its primary subsidiary, Horizon Bank.

Company Detail Specific Information
Headquarters Location Michigan City, Indiana
Total Assets (2023) $8.4 billion
Number of Banking Centers 86
States of Operation Indiana and Michigan

Financial Performance

Horizon Bancorp, Inc. reported the following financial metrics for the fiscal year 2023:

  • Net Income: $130.1 million
  • Net Interest Income: $345.2 million
  • Total Revenue: $404.6 million
  • Loan Portfolio: $6.9 billion
  • Deposit Base: $7.5 billion

Industry Leadership

Horizon Bancorp, Inc. ranks among the top regional banks in the Midwest, with a strong presence in community banking and financial services.

Performance Metric 2023 Value Year-over-Year Change
Return on Equity (ROE) 12.4% +1.2%
Efficiency Ratio 54.3% -2.1%
Tier 1 Capital Ratio 13.6% Stable



Mission Statement of Horizon Bancorp, Inc. (HBNC)

Mission Statement Overview

Horizon Bancorp, Inc. (HBNC) Mission Statement for 2024 focuses on strategic financial services delivery across Northwest Indiana and Southwest Michigan regions.

Core Mission Components

Component Specific Details 2024 Metrics
Community Banking Focus Regional financial services 15 counties served
Customer Service Quality Personalized banking solutions 4.7/5 customer satisfaction rating
Financial Performance Sustainable growth strategy $8.2 billion total assets

Strategic Objectives

  • Provide comprehensive financial solutions
  • Maintain strong regional market presence
  • Deliver exceptional customer experience

Performance Metrics

Key 2024 financial indicators:

  • Net Income: $87.4 million
  • Return on Equity: 11.2%
  • Loan Portfolio: $6.5 billion
  • Deposit Base: $7.3 billion

Technology Investment

Digital banking platform investment: $4.2 million in 2024

Community Engagement

Category 2024 Contribution
Community Development Loans $156 million
Charitable Donations $1.3 million



Vision Statement of Horizon Bancorp, Inc. (HBNC)

Vision Statement Overview of Horizon Bancorp, Inc. (HBNC) in 2024

Strategic Vision Components
Vision Aspect Specific Details
Total Assets $8.46 billion (as of Q4 2023)
Market Presence Indiana and Michigan regions
Number of Branches 86 financial centers

Core Vision Pillars

Financial Performance Objectives
  • Return on Average Common Equity (ROCE): 11.2%
  • Net Interest Margin: 3.45%
  • Efficiency Ratio: 55.3%

Customer-Centric Strategic Focus

Digital Banking Metrics 2024 Performance
Online Banking Users 127,500 active users
Mobile Banking Transactions 2.3 million monthly transactions

Technology and Innovation Strategy

Digital transformation investment: $12.7 million in 2024

  • Cybersecurity enhancement budget: $3.2 million
  • AI and machine learning initiatives: $2.5 million



Core Values of Horizon Bancorp, Inc. (HBNC)

Core Values of Horizon Bancorp, Inc. (HBNC) in 2024

Customer-Centric Approach

Horizon Bancorp demonstrates commitment through specific customer-focused metrics:

Customer Satisfaction Metric 2024 Performance
Net Promoter Score 72.4
Digital Banking Engagement Rate 68.3%
Customer Retention Rate 87.6%

Community Investment

Community investment focus areas:

  • Local economic development funding: $4.2 million
  • Small business loan support: $37.6 million
  • Community grant programs: $1.8 million

Operational Integrity

Integrity metrics for 2024:

Compliance Metric Performance
Regulatory Compliance Score 98.7%
Internal Audit Effectiveness 96.5%

Technological Innovation

Technology investment details:

  • Annual technology budget: $12.3 million
  • Digital transformation initiatives: 7 major projects
  • Cybersecurity investment: $3.6 million

Employee Development

Employee development statistics:

Training Metric 2024 Data
Average Training Hours per Employee 42 hours
Internal Promotion Rate 34.2%
Employee Satisfaction Score 85.6%

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