Horizon Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 05:30 pm EDT
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Horizon Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 46.16 million compared to USD 52.04 million a year ago. Net income was USD 18.76 million compared to USD 24.86 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.57 a year ago.
For the six months, net interest income was USD 91.4 million compared to USD 98.88 million a year ago. Net income was USD 36.99 million compared to USD 48.42 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 1.11 a year ago.
Horizon Bancorp, Inc. is a bank holding company for Horizon Bank, which serves customers across Midwestern markets through digital and virtual tools, as well as its Indiana and Michigan branches. The Company operates through a single segment, which is commercial banking. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Its retail offerings include prime residential, indirect auto, and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. It also provides a range of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally. The Bank maintains around 71 full service offices. The Bank's subsidiaries include Horizon Investments, Inc., Horizon Properties, Inc. and Horizon Insurance Services, Inc.
HORIZON BANCORP, INC. 
