2 unchanged sentences
Horizon common stock is traded on the NASDAQ Global Select Market under the symbol “HBNC.”
−Removed: The approximate number of holders of record of Horizon’s outstanding common stock as of February 25, 2021 was 1,457.
+Added: The approximate number of holders of record of Horizon’s outstanding common stock as of March 8, 2022 was 1,489.
The Equity Compensation Plan Information table appears under the caption “Equity Compensation Plan Information” in Item 12 below and is incorporated herein by reference.
7 unchanged sentences
Prior to that date, the common stock was traded on the NASDAQ Capital Market.
−Removed: HORIZON BANCORP, INC.
December 31 December 31 December 31 December 31 December 31 December 31
3 unchanged sentences
Russell 2000 Index 100.00 114.65 102.02 128.06 153.62 176.39
−Removed: SNL Bank $1B–$5B Index 100.00 143.87 153.37 134.37 163.35 138.81
−Removed: SNL Micro Cap Bank Index 100.00 122.94 150.40 142.71 159.37 119.72
+Added: SmallCap Banks Index 100.00 104.33 87.06 109.22 99.19 138.09
S&P Global Market Intelligence
+Added: HORIZON BANCORP, INC.
The following chart compares the change in market price of Horizon’s common stock since December 31, 2016 to that of publicly traded banks in Indiana and Michigan with assets greater than $500 million, excluding the reinvestment of dividends.
10 unchanged sentences
HORIZON BANCORP, INC.
−Removed: SELECTED FINANCIAL DATA
−Removed: Years Ended December 31
−Removed: 2020 2019 2018 2017 2016
−Removed: Net interest income $ 170,940 $ 160,791 $ 134,569 $ 112,100 $ 85,992
−Removed: Provision for credit losses 20,751 1,976 2,906 2,470 1,842
−Removed: Non-interest income 59,621 43,058 34,413 33,136 35,455
−Removed: Non-interest expense 131,441 122,032 102,516 94,813 86,892
−Removed: Income tax expense 9,870 13,303 10,443 14,836 8,801
−Removed: Net income 68,499 66,538 53,117 33,117 23,912
−Removed: Preferred stock dividend — — — — (42)
−Removed: Net income available to common shareholders 68,499 66,538 53,117 33,117 23,870
−Removed: Cash dividends declared $ 21,183 $ 20,835 $ 15,418 $ 11,720 $ 8,382
−Removed: Per Share Data
−Removed: Basic earnings per share (1)
−Removed: $ 1.56 $ 1.53 $ 1.39 $ 0.96 $ 0.79
−Removed: Diluted earnings per share (1)
−Removed: 1.55 1.53 1.38 0.95 0.79
−Removed: Cash dividends declared per common share (1)
−Removed: 0.48 0.46 0.40 0.33 0.27
−Removed: Book value per common share (1)
−Removed: $ 15.78 $ 14.59 $ 12.82 $ 11.93 $ 10.25
−Removed: Weighted-average shares outstanding:
−Removed: 44,044,737 43,493,316 38,347,059 34,553,736 29,981,592
−Removed: 44,123,076 43,597,595 38,495,231 34,760,439 30,123,615
−Removed: Period End Totals
−Removed: Loans, net of deferred loan fees and unearned income $ 3,867,383 $ 3,636,841 $ 3,013,332 $ 2,831,995 $ 2,135,986
−Removed: Allowance for credit losses 57,027 17,667 17,820 16,394 14,837
−Removed: Total assets 5,886,614 5,246,829 4,246,688 3,964,303 3,141,156
−Removed: Total deposits 4,531,133 3,931,002 3,139,376 2,881,003 2,471,210
−Removed: Total borrowings $ 590,151 $ 606,052 $ 588,221 $ 601,810 $ 304,945
−Removed: Loan to deposit 85.65 % 92.62 % 96.02 % 98.41 % 86.76 %
−Removed: Loan to total funding 75.78 % 80.25 % 80.87 % 81.40 % 77.23 %
−Removed: Return on average assets 1.22 % 1.35 % 1.31 % 0.97 % 0.81 %
−Removed: Average stockholders’ equity to average total assets 11.82 % 12.28 % 11.65 % 11.15 % 10.22 %
−Removed: Return on average stockholders’ equity 10.29 % 10.98 % 11.22 % 8.74 % 7.92 %
−Removed: Dividend payout ratio (dividends divided by basic earnings per share) 30.77 % 30.07 % 28.78 % 34.38 % 34.18 %
−Removed: Price to book value ratio 100.51 % 130.27 % 123.09 % 155.28 % 182.13 %
−Removed: Price to earnings ratio 10.23x 12.42x 11.35x 19.31x 23.63x
−Removed: (1) Adjusted for 3:2 stock splits on June 15, 2018 and November 14, 2016
−Removed: HORIZON BANCORP, INC.
AND SUBSIDIARIES
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.