HBNC: $325M Asset Sell-Off! Why This Bank’s Margin Will JUMP 15-20 BPS in Q4!
What if selling off hundreds of millions in assets was actually a good thing for a bank's future? Horizon Bancorp shocked investors with its Q3 2024 earnings, revealing strategic moves like offloading $325 million in securities and its mortgage warehouse business. Despite reporting slightly elevated expenses and an increase in non-performing loans, the bank projects a substantial 15 to 20 basis point net interest margin expansion for Q4, aiming for significantly improved operating performance and long-term shareholder value in 2025. This aggressive balance sheet optimization, including a shift to core commercial lending and a runoff of lower-yielding auto loans, is designed to create a more productive and efficient enterprise. Tune in for more deep dives into company earnings and subscribe to our channel for the latest financial analysis!
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