Horizon Bancorp Has The Materials Needed To Grow But Earnings Will Need To Overcome Significant Headwinds
Profit Fan • Tue, Aug. 5
- Horizon Bancorp continues to grow at a rapid pace, but this required more shares and the bank is getting no help from the low interest rate environment.
- As the portfolio has grown, allowances have fallen and all signs are pointing towards a larger provision charge in future periods.
- Still trading at a sizable premium to tangible book value, shares face strong headwinds that could slow appreciation for an extended period of time.