Horizon Bancorp, Inc. (HBNC) financial statements (2022 and earlier)

Company profile

Business Address 515 FRANKLIN STREET
MICHIGAN CITY, IN 46360
State of Incorp. IN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5942509958767149
Cash and cash equivalents5942509958767149
Receivables3,5823,8353,6092,999   
Total current assets:4,1764,0853,7083,057767149
Noncurrent Assets
Operating lease, right-of-use asset444
Property, plant and equipment93929274766661
Intangible assets, net (including goodwill)1961971781301328657
Goodwill1551511511201207750
Intangible assets, net (excluding goodwill)424627101297
Total noncurrent assets:293293274205208153118
Other undisclosed assets2,9061,5081,2659853,6802,9182,486
TOTAL ASSETS:7,3755,8875,2474,2473,9643,1412,652
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt13110991526157154
Total current liabilities:13110991526157154
Noncurrent Liabilities
Other undisclosed liabilities6,5215,0854,5003,7033,4462,7432,231
Total liabilities:6,6525,1944,5913,7553,5072,8002,386
Stockholders' equity
Stockholders' equity attributable to parent, including:723692656492457341267
Additional paid in capital352363380276275182106
Accumulated other comprehensive income (loss)7286(8)(4)(6)(1)
Retained earnings364301270224186164149
Other undisclosed stockholders' equity attributable to parent      13
Total stockholders' equity:723692656492457341267
TOTAL LIABILITIES AND EQUITY:7,3755,8875,2474,2473,9643,1412,652

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues219232218173143125104
Net investment income20020520816612810789
Financial services revenue141915
Cost of revenue (21)(2)(3)(2)(2)(3)
Provision for loan, lease, and other losses (21)(2)(3)
Financial services costs(2)(2)(3)
Gross profit:219211216170140124100
Operating expenses(25)(24)(23)(19)(69)(60)(50)
Operating income:194187193151716350
Nonoperating income (expense)(0)111111
Investment income, nonoperating(2)(1)(1)(1)(0)(1)(0)
Bank owned life insurance income2222221
Interest and debt expense(18)(34)(48)(32)(16)(21)(14)
Income from continuing operations before equity method investments, income taxes:176154147120564437
Other undisclosed loss from continuing operations before income taxes(73)(75)(67)(57)(8)(11)(9)
Income from continuing operations before income taxes:102788064483328
Income tax expense(15)(10)(13)(10)(15)(9)(7)
Net income attributable to parent:87686753332421
Preferred stock dividends and other adjustments     (0)(0)
Net income available to common stockholders, basic:87686753332420
Other undisclosed net loss available to common stockholders, diluted  (133)    
Net income (loss) available to common stockholders, diluted:8768(67)53332420

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:87686753332421
Other comprehensive income (loss)6(6)(4)1(1)3(2)
Comprehensive income:94626254322718
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(27)2819(5)3(8) 
Comprehensive income, net of tax, attributable to parent:67908149351918

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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