EX-99.1 2 hb_8k0212ex.htm SLIDE PRESENTATION
A NASDAQ Traded Company - Symbol HBNC

This presentation may contain forward-looking statements regarding the financial performance, business, and future operations of Horizon Bancorp and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future results or performance. As a result, undue reliance should not be placed on these forward-looking statements, which speak only as of the date hereof. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions, and although management believes that the expectations reflected in such forward-looking statements are accurate and reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause our actual results to differ materially include those set forth in Horizon’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K. Statements in this presentation should be considered in conjunction with such risk factors and the other information publicly available about Horizon, including the information in the filings we make with the Securities and Exchange Commission. Horizon does not undertake, and specifically disclaims any obligation, to publicly release any updates to any forward-looking statement to reflect events or circumstances occurring or arising after the date on which the forward-looking statement is made, or to reflect the occurrence of unanticipated events, except to the extent required by law. Forward-Looking Statements

Who We Are *

* Company Profile Headquartered in Michigan City, IN31 Locations Throughout Indiana and Michigan$2.1 Billion in AssetsMarket Cap. $209 MillionOwnership9% Insiders12% Employee Benefit Plans36% Institutional * Market data as of February 2, 2015; financial data as of December 31, 2014

Northwest Indiana/Southwest Michigan… The Right Side of Chicago

Retail BankingBusiness BankingMortgage BankingWealth Management Complementary Revenue Streams that are Counter-Cyclical to Varying Economic Cycles * Four Key Revenue Streams

Horizon’s Story Steady GrowthSuperior ReturnsFinancial StrengthConsistent Performance *

2014 Highlights *

2014 Highlights * Surpassed $2 Billion in AssetsTotal Loan Growth of 29% (17% organic)Commercial Loan Growth of 33% (20% organic)14% Growth in Wealth Management RevenueClosed SCB Bancorp, Inc. (“Summit”) Acquisition on April 3rd, 2014Initiated Indianapolis Mortgage Presence by Acquiring First Indiana Mortgage on February 28, 2014Two Quarterly Dividend Increases from 11 to 14 Cents per Share

Rebounded From Slow Start to 2014 * 2014 Cumulative Net Income by Quarter Non-Core Items (1) Non-Core Items (1) 2013 $4.3 million 2014 $1.6 million (1) Non-core items include interest income from acquisition related purchase accounting adjustments, securities gains and one-time expenses related to Summit acquisition

Balanced Growth in 2014 * Assets ($ Mil.) Loans ($ Mil.) Deposits ($ Mil.)

Robust Organic Loan Growth in 2014 * Loan Type(In Millions) 12/31/14 AcquiredLoans 4/3/14 12/31/13 2014 Organic Growth 2014 Organic Growth Commercial $674 ($70) $505 $99 20% Residential Mtg. $255 ($44) $186 $25 14% Consumer $320 ($10) $280 $31 11% Mtg. Warehouse $129 - $98 $31 32% Total Loans $1,379 ($124) $1,069 $186 17% * Table excludes loans held for sale

* Summit Community Bank Acquisition Adds Value Acquisition Metrics(1)(2) Acquisition Metrics(1)(2) Deal Value (“DV”) $18.9 mil. DV/ Tg. Book Value 120.5% DV/ LTM Earnings 11.1x Core Deposit Prem. 2.8% Closed on April 3, 2014Illustrates Focus on Larger Markets with Growth PotentialFour Experienced Lenders to Drive Loan GrowthAccretive to EPS, Reasonable TBV Dilution Earnback Period Deal value as of April 3, 2014 Financial data for SCB Bancorp at or for the year ended December 31, 2013

Horizon’s Growth Story *

A Company on the Move OrganicExpans.(7) St. JosephSouth BendElkhart Lake County Kalamazoo IndianapolisCarmel M&A(6) Anchor Mortgage Alliance Bank American Trust Heartland 1st MortgageSummit * Assets ($ Mil.) $721 $2,077 Loans($ Mil.) $548 $1,379 Deposits($ Mil.) $489 $1,482 Branches 7 31 9.2% CAGR 8.0% CAGR 9.7% CAGR

Growth Opportunities in All Directions * Kalamazoo, Lansing & St. JosephPopulation: 879,000Deposits: $10 billion South Bend, Elkhart & GoshenPopulation: 467,000Deposits: $7 billion Indianapolis & Johnson CountyPopulation: 1.4 millionDeposits: $30 billion Lake & Porter CountiesPopulation: 658,000Deposits: $10 billion LEGACYLa Porte CountyPopulation: 112,352Deposits: $2 billion N E S W Note: Data by primary counties for each market

2000 – 2014 CAGR: 11.8% In Millions Net Income History * Solid Historical Earnings

* Investing in Commercial LendersCreates Growth Commercial Loan Balances

* Balanced Risk In Commercial Portfolio Commercial Loan Composition as of December 31, 2014

Kalamazoo and Indianapolis Loan Balances * Growth Markets Thriving 2014 Growth: 43.1%

December 31, 2014 December 31, 2008 In Millions 2008 2014 CAGR Commercial $311 $674 15.1% Real Estate $291 $384 5.2% Consumer $280 $321 2.5% Total $882 $1,379 7.7% * Shift to Commercial

December 31, 2008 December 31, 2014 Strong Low Cost Deposit Growth * In Millions 2008 2014 CAGR NIB $84 $268 23.6% Other Trans. $429 $931 13.8% CDs $329 $284 -2.6% Total $842 $1,483 9.9%

* NPLs/ Loans Disciplined Credit Culture

* Why Invest In Horizon

Shareholder Value Plan - Since 2001 Steady Growth in Net Book Value & EPS DividendsUninterrupted Dividends for more than 25 YearsDividend Increases Aligned with Earnings GrowthImproving LiquidityStock Splits in 2001, 2003, 2011 and 2012Common Stock Issued in Heartland and Summit AcquisitionsRussell 2000 Index Since 2012Added to Nasdaq Community Bank Index in 2014 *

Highly Regarded For Financial Performance Top 200 Community Banks for Financial Performance Six Consecutive Years, 2008 - 2013US Banker & ABA MagazinesTop 10% of Community BanksAnnual Community Bankers Cup, 2012 & 2013Raymond JamesKBW Bank Honor Roll2011 & 2012 *

Highly Regarded In Our Communities * Community Relations Award Urban League of Northwest Indiana, Inc.Nine out of Ten Customers Would Refer a FriendIndependent SurveyBest Bank - Twelve out of Last Thirteen YearsThe News Dispatch Readers PollBest Bank for Obtaining a Business LoanNorthwest Indiana Business Quarterly Family Friendly Work PoliciesIU Health / Clarian Award

Horizon Outperforms the MarketFor Total Shareholder Return As of February 2, 2015; 2015 estimated EPS of $2.16 is the mean estimate from 3rd party research analystsSNL U.S. Bank: Includes all Major Exchange Banks in SNL's coverage universe. * Horizon Bancorp: 5-Year Total Return Comparison P/2015 Est. EPS 10.4x P/TBV 138% Div. Yield 2.4%

Thank Youfor Your Investment inHorizon Bancorp

A NASDAQ Traded Company - Symbol HBNC

Appendix

* Non-GAAP Reconciliations