Chesterton, Indiana – Horizon Bancorp, Inc. recently held its Q1 2024 Earnings Conference Call, discussing financial results for the first quarter of 2024. The call featured key executives, including President & CEO Thomas Prame, EVP & Chief Commercial Banking Officer Lynn Kerber, and EVP & CFO Mark Secor. The conference call allowed participants to listen in on the discussion regarding the company’s performance in the first quarter.

During the call, Thomas Prame highlighted the solid start to the year for Horizon, noting an increase in net interest income and margin. The company saw growth in various areas, including non-interest income and loan portfolios, demonstrating strong performance across diversified business lines. Moreover, expenses were effectively managed, falling within the lower end of the company’s guidance, showcasing the team’s commitment to cost savings.

Kerber provided detailed insights into the loan growth and credit quality, emphasizing the company’s strategic approach to asset repositioning and high-quality lending. The discussion also touched upon the positive trends in deposit portfolios, highlighting resilient core balances and controlled deposit costs in light of shifting high-cost public funds.

The executives expressed optimism for the company’s financial outlook in the second quarter, citing a positive trajectory in margin, balance sheet positioning, expenses, and credit trends. The call emphasized the strength of Horizon’s core lending platforms and the team’s ability to drive growth and performance across various business segments.

Overall, Horizon Bancorp, Inc. remains confident in its ability to deliver value to shareholders, leveraging its strong financial performance, diverse lending platforms, and commitment to efficiency and growth. Looking ahead, the company is poised for continued success as it navigates the evolving financial landscape and capitalizes on opportunities for growth and profitability.