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HBNC - Organic Growth To Buoy Horizon Bancorp's Earnings
Horizon Bancorp Inc.
Horizon Bancorp, Inc. (HBNC) relies on merger and acquisition activity to grow. Therefore, unless HBNC announces any new merger plans for 2020, earnings are likely to stabilize next year. Loan portfolio is expected to grow at a low organic rate of 3% in 2020, the impact of which will be offset by lower net interest margin and higher non-interest expense.
Loan Growth To Slow In 2020 In Case Of No Merger Activity
A large part of HBNC's asset growth in the past has been attributable to merger and acquisition activity. As the company