Record Profit For Horizon Bank

Horizon Bank is headquartered in Michigan City.

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Michigan City-based Horizon Bancorp Inc. (Nasdaq: HBNC) is reporting record second quarter net income of $14.1 million, up from $9.1 million during the same period last year. The parent of Horizon Bank says the results mark the highest quarterly net income in the bank’s 145-year history.

Chief Executive Officer Craig Dwight says the company continued to realize cost savings from last year’s acquisitions of Lafayette Community Bancorp and Wolverine Bancorp. Horizon also surpassed $4 billion in assets for the first time.

"During the second quarter, we continued to expand our footprint with the opening of two loan production offices, one in Holland, Michigan and the other in Noblesville, Indiana," said Dwight. "The Noblesville office will be converted to a full-service branch location in the third quarter of 2018. We look forward to providing Horizon’s exceptional service to both of these communities."

You can view the full second quarter earnings report by clicking here.