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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments250995876714943
Cash and cash equivalents250995876714943
Receivables3,8353,6092,999    
Disposal group, including discontinued operation      6
Total current assets:4,0853,7083,05776714950
Noncurrent Assets
Operating lease, right-of-use asset44
Property, plant and equipment92927476666152
Intangible assets, net (including goodwill)197178130132865732
Goodwill151151120120775028
Intangible assets, net (excluding goodwill)46271012974
Total noncurrent assets:29327420520815311885
Other undisclosed assets1,5081,2659853,6802,9182,4861,943
TOTAL ASSETS:5,8875,2474,2473,9643,1412,6522,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10991526157154351
Total current liabilities:10991526157154351
Noncurrent Liabilities
Other undisclosed liabilities5,0854,5003,7033,4462,7432,2311,531
Total liabilities:5,1944,5913,7553,5072,8002,3861,883
Stockholders' equity
Stockholders' equity attributable to parent, including:692656492457341267194
Additional paid in capital36338027627518210646
Accumulated other comprehensive income (loss)286(8)(4)(6)(1)2
Retained earnings301270224186164149134
Other undisclosed stockholders' equity attributable to parent     1313
Total stockholders' equity:692656492457341267194
TOTAL LIABILITIES AND EQUITY:5,8875,2474,2473,9643,1412,6522,077

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues23221817314312510490
Net investment income2052081661281078976
Financial services revenue14191513
Cost of revenue(21)(2)(3)(2)(2)(3)(5)
Provision for loan, lease, and other losses(21)(2)(3)
Amortization of mortgage servicing rights (msrs)      (2)
Financial services costs(2)(2)(3)(3)
Gross profit:21121617014012410085
Operating expenses(24)(23)(19)(69)(60)(50)(45)
Operating income:18719315171635040
Nonoperating income1111111
Investment income, nonoperating(1)(1)(1)(0)(1)(0)0
Bank owned life insurance income2222211
Interest and debt expense(34)(48)(32)(16)(21)(14)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (4)
Income from continuing operations before equity method investments, income taxes:15414712056443724
Other undisclosed loss from continuing operations before income taxes(75)(67)(57)(8)(11)(9) 
Income from continuing operations before income taxes:78806448332824
Income tax expense(10)(13)(10)(15)(9)(7)(6)
Net income attributable to parent:68675333242118
Preferred stock dividends and other adjustments    (0)(0)(0)
Net income available to common stockholders, basic:68675333242018
Other undisclosed net loss available to common stockholders, diluted (133)     
Net income (loss) available to common stockholders, diluted:68(67)5333242018

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:68675333242118
Other comprehensive income (loss)(6)(4)1(1)3(2)3
Comprehensive income:62625432271821
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2819(5)3(8)  
Comprehensive income, net of tax, attributable to parent:90814935191821

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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