Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — Shareholder Meeting (May 2018)
36 slides from Horizon Bancorp's shareholder meeting presentation, May 3, 2018
Slide 1: A NASDAQ Traded Company - Symbol HBNC
A NASDAQ Traded Company - Symbol HBNC May 3, 2018
Slide 2: Forward-Looking Statements
This presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward-lookin
Slide 3: Mark E. Secor, Executive Vice President & Chief Financial Officer
Mark E. SecorExecutive Vice President & Chief Financial Officer *
Slide 4: A Growth Story
HORIZON‘ BANK A Growth Story Soe Nos wp Lik A v
Slide 5: Growth Transformation
* Growth Transformation Footnote Index included in Appendix
Slide 6: Legacy Footprint 2007
Branches * Legacy Footprint 2007 Locations – 16Counties – 6 Indiana Ohio Illinois Michigan
Slide 7: Growth Footprint 2018
BranchesLoan Production OfficesNew Branch in 2018 7 Growth Footprint 2018 Locations – 65Counties – 27 Michigan Illinois Indiana Ohio BranchesLoan Production OfficesNew Branch in 2018 * Growth Footprint 2018 Locations – 65Counties – 27 Michigan Illinois Indiana Ohio
Slide 8: High Quality, Well Diversified Loan Portfolio
($ in Millions) 2012 2017 CAGR OrganicCAGR Commercial $460 $1,618 29% 15% Res. Real Estate 441 701 10% (7)% Consumer 289 513 12% 7% Total $1,190 $2,833 19% 6% * High Quality, Well Diversified Loan Portfolio 2012 2017
Slide 9: Managing Commercial Real Estate Concentration Risk
Managing Commercial Real Estate Concentration Risk December 31, 2017 * Footnote Index included in Appendix Managing Commercial Real Estate Concentration Risk December 31, 2017 * Footnote Index included in Appendix
Slide 10: Strong Core Deposit Mix
* Strong Core Deposit Mix 2012 ($ in Millions) 2012 2017 CAGR OrganicCAGR 2017 YTD Cost Non-interest $209 $602 24% 11% 0.00% Interest 770 1,712 17% 4% 0.17% CDs 315 567 12% -15% 1.06% Total $1,294 $2,881 17% 2% 0.39% 2017
Slide 11: Commercial Loan Balances Decreasing Funding Costs
* Commercial Loan Balances Decreasing Funding Costs (2)
Slide 12: Wealth Management Key Driver Of Fee Income
* Wealth Management Key Driver Of Fee Income ($’s in millions) ($’s in millions)
Slide 13: Robust Earnings Growth
Core Diluted EPS CAGR 13% 13 Robust Earnings Growth Footnote Index included in Appendix (3) (3) ($’s in millions) Core Diluted EPS CAGR 13% * Robust Earnings Growth Footnote Index included in Appendix (3) (3) ($’s in millions)
Slide 14: Less Dependence on Mortgage Revenue
* Less Dependence on Mortgage Revenue (5) Footnote Index included in Appendix ($’s in millions)
Slide 15: Record First Quarter 2018
15 Record First Quarter 2018 Footnote Index included in Appendix EPS Growth 48% EPS Growth 13% ($’s in millions) (6) (6) * Record First Quarter 2018 Footnote Index included in Appendix EPS Growth 48% EPS Growth 13% ($’s in millions) (6) (6)
Slide 16: Craig M. Dwight, Chairman & Chief Executive Officer
Craig M. DwightChairman & Chief Executive Officer *
Slide 17: Building Shareholder Value for 145 Years
HORIZON‘ BANK HORIZON BANK ¢ Building Shareholder Value for 145 Years Box COE Pot l OoN AIL SVECR Vil Coe @ 3
Slide 18: Horizon's Resilient History
Horizon’s Resilient History * Day 1 50th Anniversary 60th Anniversary 100th Anniversary 145th Anniversary National Banking Act of 1863 Roaring 20’s Great Depression 1973 Gas Embargo Great Recession President Ulysses S. Grant October 1929 Stock Market Crash 1933 Banking Act Creates the FDIC 1972 Hori
Slide 19: Years of Growth
145 Years of Growth Asset CAGR 9.4% 145 Years of Growth * Asset CAGR 9.4%
Slide 20: Creating Shareholder Value
Creating Shareholder Value *
Slide 21: A Company on the Move
A Company on the Move * OrganicExpans.(11) St. JosephS. BendElkhartLake County Kalamazoo Indianapolis Carmel Ft. WayneGrand Rapids Columbus(7)Noblesville(8)Holland(8) M&A(13) Anchor MortgageAlliance American Trust Heartland 1st MortgageSummitPeoples FarmersLaPorteCNB BargersvilleLafayetteWolverine F
Slide 22: Growth Opportunities Abound
Growth MarketsFuture Markets 22 GrandRapids AnnArbor NWOhio FortWayne Lafayette Kalamazoo SouthBend Warsaw Indianapolis NWIndiana Growth Opportunities Abound Michigan Indiana Ohio Illinois Midland Troy Growth MarketsFuture Markets * GrandRapids AnnArbor NWOhio FortWayne Lafayette Kalamazoo SouthBend
Slide 23: Considerable Market Share Opportunities
Considerable Market Share Opportunities * Footnote Index included in Appendix
Slide 24: Scale Drives Shareholder Value
* Scale Drives Shareholder Value(as of April 30, 2018) Footnote Index included in Appendix
Slide 25: Number of Banks Headquartered in Indiana and Michigan
* Number of Banks Headquartered in Indiana and Michigan (12) M&A Opportunities On average, 5% decline per year Footnote Index included in Appendix 9 24 13 9 10 9 14 13 17 8 16
Slide 26: Increased Liquidity & Dividends
* Increased Liquidity &Dividends Footnote Index included in Appendix Stock Split Avg. Volume Annual Dividends
Slide 27: Proven Track Record
Historical Financial Performance Illustrates Ability to Execute10-year asset and net income CAGR of 12% and 15%, respectivelyThirteen acquisitions and eleven market expansions since 2002Capacity to take additional market shareConsistent, Well Executed and Disciplined Business StrategyEntering the “S
Slide 28: Horizon Outperforms the Market For Total Shareholder Return
Horizon Outperforms the Market For Total Shareholder Return(as of April 30, 2018) * Horizon Bancorp: 5-Year Total Return Comparison Footnote Index included in Appendix
Slide 29: Thank You for Your Investment in Horizon Bancorp
Thank Youfor Your Investment inHorizon Bancorp
Slide 30: A NASDAQ Traded Company - Symbol HBNC
A NASDAQ Traded Company - Symbol HBNC
Slide 31: Appendix
HORIZON‘ _HORIZO! BANK Appendix EX Coe Pt ) O NA
Slide 32: Footnote Index
* Footnote Index Slide 5(1) Based on the daily trading volume during the fourth quarters of 1997, 2007 and 2017, respectively.Financial data in millions, except for stock price, as of December 31, 1997, 2007 and 2017, respectively. Slide 9Percent of total commercial loans as of December 31, 2017.Sli
Slide 33: Footnote Index (cont.)
* Footnote Index (cont.) Slide 23(9) All Key Markets are MSAs, except for Northwest Indiana which consists of Lake and Porter Counties.(10) Deposit Market Share as of June 30, 2017.(11) Large Institutions defined as total assets greater than or equal to $10.0 billion at June 30, 2017.Slide 24Financi
Slide 34: Non-GAAP Reconciliations
* Non-GAAP Reconciliations See Footnote Index in Appendix
Slide 35: Non-GAAP Reconciliations
* Non-GAAP Reconciliations See Footnote Index in Appendix
Slide 36: Non-GAAP Reconciliations
* Non-GAAP Reconciliations See Footnote Index in Appendix