Return on assets of Horizon Bancorp (IN)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Horizon Bancorp operates as the bank holding company for Horizon Bank, N.A. that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency services, and investment management services; and sells various insurance products, as well as offers real estate investment trust services. It operates through a network of 56 full service offices in Northern and Central Indiana, and Southwestern and Central Michigan. Horizon Bancorp was founded in 1873 and is headquartered in Michigan City, Indiana.
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