Horizon Bank's Q1: Top-Tier Returns & Strong Growth

Horizon Banks first quarter results showcase their community banking prowess with impressive returns and steady growth. Deposits surged by 11% annually, including a significant increase in noninterest-bearing accounts. Commercial loans grew by 34 million, pushing total loans to 4.87 billion and already meeting full-year growth targets. Credit quality remains robust, with low nonperforming loans, charge-offs, and a steady allowance. Deposits have a better mix, with interest costs dropping by 7 basis points. Guidance for the year remains firm, with mid-single digit growth in loans and deposits, net interest income up low teens, and a steady margin. Capital has been strengthened, positioning Horizon for organic wins in Midwest markets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c42c24a8d33bee40