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Income Statement
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HORIZON BANCORP INC (HBNC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  173.5155.7174.3183.6147.5112.391.675.4
        Interest income on investments  62.237.725.324.718.716.215.013.2
       236.0194.1200.0208.3166.2128.5106.588.6
    Interest expense:  
        Interest on deposits  17.87.918.633.718.27.96.65.6
        Interest on borrowings  12.54.711.410.711.06.2  
       36.518.334.447.531.616.420.513.9
Net interest income  199.5175.8165.5160.8134.6112.186.074.7
Provision for loan losses      2.92.51.83.2
Net interest income after provision for loan losses  199.5175.8165.5160.8131.7109.684.271.6
        Deposit and loan fees  11.69.28.810.07.86.45.84.8
        Gain on sale of investments, net         0.2
        Other non-interest income  35.948.850.833.126.726.829.723.4
Total non-interest income  47.558.059.643.134.433.135.528.4
Non-interest expenses  143.2133.4126.0122.0102.594.886.972.2
Pre-tax income before non-recurring items  106.6104.779.580.664.248.333.428.2
Non-recurring items  1.02.31.20.70.70.40.70.4
Pre-tax income  105.6102.478.479.863.648.032.727.8
Income taxes  12.215.49.913.310.414.88.87.2
            Tax rate  11.5%15.0%12.6%16.7%16.4%30.9%26.9%26.0%
Net income  93.487.168.566.553.133.123.920.4
            Net margin  37.8%37.3%30.4%32.6%32.0%23.2%20.0%20.4%
   
Basic EPS  $2.14$1.99$1.56$1.53$1.39$0.96$0.80$1.30
Diluted EPS  $2.14$1.98$1.55$1.53$1.38$0.95$0.79$1.26
   
Shares outstanding (basic)  43.643.844.043.538.334.630.015.8
Shares outstanding (diluted)  43.744.044.143.638.534.830.116.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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