Horizon Bank Finishes Strong in 2020

(photo courtesy of Greater Fort Wayne Inc.)

Michigan City-based Horizon Bancorp Inc. (Nasdaq: HBNC) is reporting record fourth-quarter net income of $21.9 million, compared to $18.5 million during the same period a year earlier. 

Chief Executive Officer Craig Dwight says the bank’s results were driven by “continued strength in mortgage lending and other fee-generating businesses.”

The bank also reported full-year net income of $68.5 million, compared to $66.5 million in 2019.

“Entering the new year with strong liquidity, capital, and reserves, we see clear opportunities to enhance the bank’s operating efficiency, deepen in–market retail and commercial customer relationships, and help to strengthen our resilient Indiana and Michigan communities in 2021,” said Dwight.

Click here to view the earnings report.