Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — Investor Presentation (May 2017)
25 slides from Horizon Bancorp's investor presentation, May 4, 2017
Slide 1: A NASDAQ Traded Company - Symbol HBNC
A NASDAQ Traded Company - Symbol HBNC
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, EVP & Chief Financial Officer
Mark E. SecorEVP & Chief Financial Officer *
Slide 4: Horizon's Growth Story
HORIZON‘ _HORIZO! BANK Horizon’s Growth Story EX GEP TO NAL SvECR Val Coe
Slide 5: Growth Transformation
* Growth Transformation Based on the daily trading volume during the fourth quarter of 2006 and first quarter of 2017, respectively.Financial data in millions, except for stock price, as of December 31, 2006 and March 31, 2017. Source: SNL Financial (1) (2) (1) * Growth Transformation Financial data
Slide 6: Branch Footprint Then
* Branch Footprint Then (1) December 2006 Locations – 15Counties – 6 Branches
Slide 7: Branch Footprint Now
7 Branch Footprint Now (1) BranchesLoan Production OfficesNew Offices in 2017 March 2017 Locations – 58Counties – 22 * Branch Footprint Now (1) BranchesLoan Production OfficesNew Offices in 2017 March 2017 Locations – 58Counties – 22
Slide 8: Shift to Commercial Lending
March 31, 2017 December 31, 2011 ($ in Millions) 2011 1Q17 CAGR Commercial $352 $1,106 24% Real Estate 365 623 11% Consumer 265 417 9% Total $983 $2,147 16% * Shift to Commercial Lending
Slide 9: Strong Low Cost Deposit Growth
March 31, 2017 December 31, 2011 ($ in Millions) 2011 1Q17 CAGR Non-interest $131 $502 29% Interest 538 1,432 20% CDs 341 509 8% Total $1,101 $2,444 18% * Strong Low Cost Deposit Growth
Slide 10: Wealth Management Growth Drives Fee Income
* Wealth Management Growth Drives Fee Income
Slide 11: Robust Earnings
* Core net income and diluted EPS excludes one-time merger expenses and acquisition purchase accounting adjustments, gain on sale of securities and death benefit on bank owned life insurance. (See the Appendix for a reconciliation of these non-GAAP amounts to their GAAP counterparts.)2012’s results
Slide 12: Excellent First Quarter 2017
* Excellent First Quarter 2017 % Δ 2-Yr. 1-Yr. Core Net Income 65% 39% Core Diluted EPS 7% 13% Core net income and diluted EPS excludes one-time merger expenses and acquisition purchase accounting adjustments, gain on sale of securities and death benefit on bank owned life insurance. (See the Append
Slide 13: Craig M. Dwight, Chairman & CEO
Craig M. DwightChairman & CEO *
Slide 14: A Growth Company
HORIZON‘ _HORIZO! BANK A Growth Company EX GEP TO NAL SvECR Val Coe
Slide 15: A Company on the Move
A Company on the Move * Assets ($ Mil.) $721 $3,169(1) Loans($ Mil.) $548 $2,134(1) Deposits($ Mil.) $489 $2,444(1) OrganicExpans.(11) St. JosephS. BendElkhart Lake County Kalamazoo Indianapolis Carmel Ft. WayneGrand Rapids Noblesville, IN(2)Columbus, OH(2) M&A(11) Anchor Mortgage Alliance American
Slide 16: Growth Opportunities Abound
Current BranchesLoan Production OfficesNew Offices in 2017Growth MarketsEmerging Markets 16 GrandRapids AnnArbor Columbus NorthwestOhio FortWayne Battle Creek Lafayette Kalamazoo SouthBend Warsaw Indianapolis NorthwestIndiana HQ Growth Opportunities Abound Current BranchesLoan Production OfficesNew
Slide 17: Considerable Market Share Opportunities
Considerable Market Share Opportunities * All Key Markets are MSA’s, except for Northwest Indiana which includes Lake and Porter Counties. Deposit Market Share as of June 30, 2016. Large Institutions defined as total assets greater than or equal to $10.0 billion at December 31, 2016. Source: SNL Fin
Slide 18: Scale Drives Shareholder Value
* Scale Drives Shareholder Value Financial data as of December 31, 2016; market data as of April 25, 2017. Nationwide publicly traded banks, excluding merger targets. Source: SNL Financial
Slide 19: M&A Opportunities Continue
* Number of Banks Headquartered in Indiana and Michigan (1) M&A Opportunities Continue On average, 5% decline per year194 Banks Headquartered in Ohio IN and MI commercial banks, savings banks and savings & loan institutions with assets greater than $0 as of December 31st of each respective year.As o
Slide 20: Proven Track Record
Historical Financial Performance Illustrates Ability to ExecuteConsistent, Well Executed and Disciplined Business StrategyA Growth Story10-year asset and net income CAGR of 10% and 12%, respectivelyEleven acquisitions and eleven market expansions since 2002Capacity to take additional market shareEnt
Slide 21: Horizon Outperforms the Market for Total Shareholder Return
Horizon Outperforms the MarketFor Total Shareholder Return As of April 28, 2017SNL U.S. Bank: Includes all Major Exchange Banks in SNL's coverage universe. * Horizon Bancorp: 5-Year Total Return Comparison
Slide 22: Thank You for Your Investment in Horizon Bancorp
Thank Youfor Your Investment inHorizon Bancorp
Slide 23: A NASDAQ Traded Company - Symbol HBNC
A NASDAQ Traded Company - Symbol HBNC
Slide 24: Appendix
HORIZON — BAN BANK Appendix EX GEP TO NAL SvECR Val Coe
Slide 25: Non-GAAP Reconciliations
HORIZON Non-GAAP Reconciliations Non-GAAP Reconciliation of Net Income and Diluted Earnings per Share (Dollars in Thousands Except per Share Data) ‘Twelve Months Ended ‘Thee Months Ended December 31 March 31 2016 2015 2014 2013 202 2011 2017 2016 2015 Unaudited Unaudited Unaudited ‘Non-GAAP Reconcil