Horizon Bancorp (IN) (Horizon Bancorp (IN)) Credit Losses Provision : $3.0 Mil (As of Mar. 2024)

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What is Horizon Bancorp (IN) Credit Losses Provision?

Horizon Bancorp (IN)'s credit losses provision for the three months ended in Mar. 2024 was $0.8 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $3.0 Mil.

Horizon Bancorp (IN)'s quarterly credit losses provision increased from Sep. 2023 ($0.3 Mil) to Dec. 2023 ($1.3 Mil) but then declined from Dec. 2023 ($1.3 Mil) to Mar. 2024 ($0.8 Mil).

Horizon Bancorp (IN)'s annual credit losses provision increased from Dec. 2021 ($-2.1 Mil) to Dec. 2022 ($-1.8 Mil) and increased from Dec. 2022 ($-1.8 Mil) to Dec. 2023 ($2.5 Mil).

Horizon Bancorp (IN) Credit Losses Provision Historical Data

The historical data trend for Horizon Bancorp (IN)'s Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Horizon Bancorp (IN) Credit Losses Provision Chart

Horizon Bancorp (IN) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.98

20.75

-2.08

-1.82

2.46

Horizon Bancorp (IN) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.24	0.68	0.26	1.27	0.81

Horizon Bancorp (IN) Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.0 Mil.

Horizon Bancorp (IN) (Horizon Bancorp (IN)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Horizon Bancorp (IN) (NAS:HBNC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Franklin Street, Michigan City, IN, USA, 46360

Website

https://www.horizonbank.com

Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. In addition, the company provides advances, loans, term loans, overdrafts for various business purposes such as business expansion, purchasing machinery and equipment, business mortgaged and others. The company has one principal business segment, commercial banking. Revenue generated by the company mainly consists of dividends received.

Executives

Susan D Aaron	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Todd A. Etzler	officer: Executive Vice President & GC	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Vanessa Peterson Williams	director	999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Craig M Dwight	officer: Chief Executive Officer	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Thomas M Prame	officer: President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Noe S Najera	officer: EVP, Sr. Retail & Mort Lending	515 FRANKLIN ST, MICHIGAN CITY IN 46360
Julie Scheck Freigang	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Michele M. Magnuson	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
James D Neff	officer: President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Kathie A Deruiter	officer: Executive Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Lynn Kerber	officer: EVP & SCCO	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Dennis Kuhn	officer: Executive Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Steven William Reed	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Peter L Pairitz	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Eric P. Blackhurst	director	515 FRANKLIN STREET, MICHIGAN CITY IN 46360