Record Quarter for Horizon Bank

Horizon Bank is headquartered in Michigan City.

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Michigan City-based Horizon Bancorp Inc. (Nasdaq GS: HBNC) is reporting net income of $20.5 million during the third quarter, compared to $13.1 million during the same period a year ago. The company says the results mark the highest quarterly net income in its history.

“Horizon’s growth story continues with total assets now reaching approximately $5.2 billion at September 30, 2019. In addition to the loans acquired from our acquisition of Salin Bank and Trust Company during the first quarter of 2019, which totaled approximately $568.9 million, we continue to experience year-to-date loan growth of $118.3 million from the markets of Fort Wayne, Grand Rapids, Indianapolis, and Kalamazoo” said Craig Dwight, chairman and chief executive officer of Horizon.

Horizon says year-to-date net income was $48.0 million, compared to $40.0 million during the first nine months of 2018. This, too, is an all-time high for Horizon.

Click here to read the full report.