Horizon Bancorp, Inc. (NASDAQ:HBNC) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET
Company Participants
Lynn Kerber - EVP & Chief Commercial Banking Officer
Mark Secor - EVP & CFO
Thomas Prame - CEO & President
Conference Call Participants
Terry McEvoy - Stephens
Nathan Race - Piper Sandler
Damon DelMonte - KBW
David Long - Raymond James
Brian Martin - Janney Montgomery
Operator
Good morning, everyone, and welcome to the Horizon Bancorp, Inc. Conference Call to discuss Financial Results for the Third Quarter of 2023. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note this event is being recorded.
Before turning the call over to management, please remember that today's call may contain statements that are forward-looking in nature. These statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those discussed, including those factors noted in slide presentation.
Additional information about factors that could cause actual results to differ materially is contained in Horizon's most recent Form 10-K and its later filings with the Securities and Exchange Commission.
In addition, management may refer to certain non-GAAP financial measures that are intended to help investors understand Horizon's business. Reconciliations for these measures are contained in the presentation. The company assumes no obligation to update any forward-looking statements made during the call. For anyone who does not already have a copy of the press release and supplemental presentation issued by Horizon yesterday, they can access at the company's website, horizonbank.com.
Representing Horizon today are Executive Vice President and Chief Commercial Banking Officer, Lynn Kerber; Executive Vice President and Chief Financial Officer, Mark Secor; and Chief Executive Officer and President, Thomas Prame.
At this time, I would like to turn the call over to Mr. Thomas Prame. Please go ahead.
Thomas Prame
Good morning and thank you for participating.
We're pleased to share our third quarter results that were highlighted by strong loan growth led by our commercial banking team, resilient and stable core deposit portfolio, and an increase in our non-interest income performance. Not unlike the first half of 2023, the team continues to manage expenses very well, and you'll see in our presentation, our credit quality performance remains a positive foundation for the franchise.
Within our comments today, we will update you on our fourth quarter and full-year outlook as we continue to strategically manage our balance sheet, portfolios, and pricing, and expand revenue sources, conservatively manage risk, and maintain ample capital and liquidity that we believe will position us well as we move into 2024.