Horizon Bancorp, Inc. - Common Stock (HBNC)

Competitors to Horizon Bancorp, Inc. - Common Stock (HBNC)

First Midwest Bancorp, Inc.

First Midwest Bancorp, Inc. and Horizon Bancorp, Inc. compete heavily in the regional banking sector, particularly in the Midwest United States. Both companies aim to attract consumers and small to medium-sized businesses by offering a similar array of financial products, including personal and business banking services. Their competition includes interest rates on loans and deposits, customer service quality, and the breadth of branch and ATM locations. First Midwest's larger asset base provides it with the ability to offer aggressive pricing strategies, thus presenting a competitive advantage in attracting larger corporate clients.

Huntington Bancshares Incorporated 

Huntington Bancshares and Horizon Bancorp, Inc. compete in the same geographical markets, primarily focusing on consumer and commercial banking services. Huntington is a significantly larger institution with a well-established brand and extensive resources, enabling it to invest in technology and customer service initiatives effectively. This scale allows Huntington to provide a more competitive range of innovative products, making it a challenging competitor for Horizon Bancorp, particularly in attracting tech-savvy clients. Nonetheless, Horizon may leverage its more personalized service model as a distinguishing factor.

Lake City Bank

Lake City Bank and Horizon Bancorp, Inc. operate in similar markets and provide a comparable range of banking services, including personal loans, mortgages, and commercial banking solutions. They compete on customer service, community engagement, and localized banking solutions tailored to specific market needs. While Lake City Bank has a strong regional presence and community rapport, Horizon Bancorp's diverse offerings allow it to have an edge in product variety and technological integration, suggesting a more modern approach to banking.

Old National Bancorp 

Old National Bancorp is a key player in the Midwest banking scene, competing with Horizon Bancorp, Inc. by offering a full suite of financial services, including investment services and insurance. The competitive landscape between these two institutions is marked by their marketing strategies, customer relationship management, and product differentiation. Old National has a vast network of branches and a strong community focus, which works to its advantage in customer acquisition and retention. However, Horizon Bancorp's focus on technology and innovative banking solutions positions it competitively among tech-savvy consumers.