Horizon Bancorp Inc (IN) (HBNC) Exchange: NASDAQ

Horizon Bancorp Inc (HBNC) is a multi-state bank holding company that specializes in personal and business banking, asset management, mortgage lending, wealth management, treasury management, and specialized corporate services with assets totaling over $3.5 billion. Since its inception in 1970, the company has maintained high standards of service, consistency and soundness, while maintaining assets and capital levels well above regulatory requirements. The company operates through more than 55 locations in Indiana, Michigan, and Kentucky, providing services to consumers, commercial customers, installment and real estate loan customers, and deposits from the general public in six Midwestern states. Furthermore, Horizon Bancorp, Inc. also offers other financial services, such as consumer and commercial loans, financial and trust services, investment banking and venture capital services, and more. In recent years, Horizon Bancorp Inc (HBNC) has experienced solid growth in financial performance. The company's net income for the second quarter of 2020 was $17 million, up 18.2% from the same quarter in 2019, and net income for the first half of 2020 was $33.7 million, up 19.6% from the same period in 2019. In addition, loan originations rose significantly from $3.3 billion in 2019 to $4.1 billion, a 24% increase. This increase in loan originations was driven largely by Horizon expanding its consumer lending, along with additional lines of credit for existing commercial customers. Looking to the future, Horizon Bancorp Inc (HBNC) expects to continue its successful operations by making strategic investments, targeting community and economic development, and emphasizing service quality and customer loyalty. Horizon currently employs over 1,000 people and continues to be recognized as the premier financial institution in the Midwest.