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Stock Market & Financial Investment News

News Breaks
February 10, 2014
11:17 EDTHBNCHorizon Bancorp to purchase assets of 1st Mortgage of Indiana
Horizon Bancorp, the parent company of Horizon Bank NA, announced the signing of an asset purchase agreement to purchase all of the assets and assume certain liabilities of 1st Mortgage of Indiana, a mortgage lender specializing in conventional, Jumbo, FHA and VA Mortgage loans. Under the terms of the agreement, Horizon will purchase the assets of 1st Mortgage of Indiana in a 100% cash transaction. This transaction is expected to close within the next 30 days. Horizon Bancorp has total assets of $1.7B as of December 31, 2013.
News For HBNC From The Last 14 Days
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July 24, 2014
10:03 EDTHBNCOn The Fly: Analyst Upgrade Summary
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08:39 EDTHBNCHorizon Bancorp upgraded to Buy from Hold at Sandler ONeill
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July 23, 2014
17:05 EDTHBNCHorizon Bancorp increased its quarterly dividend to 13c from 11c
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17:04 EDTHBNCHorizon 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.

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