Horizon Bancorp accelerates payment of 10c Q1 dividend Horizon Bancorp announced that on December 12, its Board of Directors declared a dividend of 10c per share to shareholders of record on December 24. The dividend is payable on December 31. In light of the potential for tax increases in 2013, the Board determined that it would be advisable to accelerate this dividend payment into the 2012 calendar year. This dividend would have typically been paid in 1Q13.
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Horizon Bancorp reports Q2 ex-items EPS 56c, consensus 50c Assets passed the $2.0B threshold reaching $2.1B as of June 30. Total loans increased $222.7M during the quarter to $1.3B as of June 30. Items excluded from EPS include costs of $900K related to the acquisition of SCB Bancorp. Net charge-offs for the quarter totaled $780K. Book value per share for the quarter was $19.00, tangible book value per share was $15.47. The provision for loan losses was $339K for Q2.