Horizon Bancorp Announces Q4 EPS of $.75

Horizon Bancorp HBNC today announced its unaudited financial results for the three and twelve month periods ended December 31, 2010.

SUMMARY:

• Horizon's 2010 results represent the Company's eleventh consecutive year of record earnings.
• Horizon's net income for the twelve months ended December 31, 2010, was $10.5 million or $2.71 diluted earnings per share compared to $9.1 million or $2.37 diluted earnings per share for the prior year.
• Horizon's fourth quarter 2010 net income was $2.9 million or $.75 diluted earnings per share, a 37.7% increase from the same period in 2009.