Horizon Bancorp, Inc. (HBNC) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99587671494332
Cash and cash equivalents99587671494332
Receivables3,6092,999     
Disposal group, including discontinued operation     6 
Total current assets:3,7083,0577671495032
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment92747666615246
Intangible assets, net (including goodwill)17813013286573223
Goodwill15112012077502820
Intangible assets, net (excluding goodwill)2710129743
Total noncurrent assets:2742052081531188569
Other undisclosed assets1,2659853,6802,9182,4861,9431,657
TOTAL ASSETS:5,2474,2473,9643,1412,6522,0771,758
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt91526157154351256
Total current liabilities:91526157154351256
Noncurrent Liabilities
Other undisclosed liabilities4,5003,7033,4462,7432,2311,5311,337
Total liabilities:4,5913,7553,5072,8002,3861,8831,594
Stockholders' equity
Stockholders' equity attributable to parent, including:656492457341267194165
Additional paid in capital3802762751821064632
Accumulated other comprehensive income (loss)6(8)(4)(6)(1)2(2)
Retained earnings270224186164149134121
Other undisclosed stockholders' equity attributable to parent    131313
Total stockholders' equity:656492457341267194165
TOTAL LIABILITIES AND EQUITY:5,2474,2473,9643,1412,6522,0771,758

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues21817314312510490 
Net investment income2081661281078976 
Financial services revenue14191513 
Cost of revenue(2)(3)(2)(2)(3)(5)(2)
Provision for loan, lease, and other losses(2)(3)
Amortization of mortgage servicing rights (msrs)     (2)1
Financial services costs(2)(2)(3)(3)(2)
Gross profit:21617014012410085(2)
Operating expenses(23)(19)(69)(60)(50)(45)(32)
Other operating income, net
(Noninterest Income, Other Operating Income)
      1
Operating income (loss):19315171635040(33)
Nonoperating income (expense)111111(0)
Investment income, nonoperating(1)(1)(0)(1)(0)0(1)
Gains on sales of other real estate     00
Bank owned life insurance income2222111
Mortgage servicing rights (msr) impairment (recovery)     0(1)
Interest and debt expense(48)(32)(16)(21)(14)(13)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (4)73
Income from continuing operations before equity method investments, income taxes:1471205644372427
Other undisclosed loss from continuing operations before income taxes(67)(57)(8)(11)(9)  
Income from continuing operations before income taxes:80644833282427
Income tax expense(13)(10)(15)(9)(7)(6)(7)
Net income attributable to parent:67533324211820
Preferred stock dividends and other adjustments   (0)(0)(0)(0)
Net income available to common stockholders, basic:67533324201820
Other undisclosed net loss available to common stockholders, diluted(133)      
Net income (loss) available to common stockholders, diluted:(67)533324201820

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:67533324211820
Other comprehensive income (loss)(4)1(1)3(2)3(11)
Comprehensive income:6254322718219
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19(5)3(8)   
Comprehensive income, net of tax, attributable to parent:8149351918219

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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