Horizon Bancorp, Inc.

Horizon Bancorp, Inc.

HBNC
Horizon Bancorp, Inc.US flagNASDAQ Global Select
19.91
USD
+0.24
- -
1.02BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.26
4.14
4.14
3.86
4.06
4.24
4.49
4.99
5.21
5.54
4.19
4.29
-0.67
-0.36
Basic EPS, GAAP
1.01
0.88
0.86
0.8
0.96
1.39
1.53
1.56
1.99
2.14
0.64
0.81
-3.24
-2.87
Free Cash Flow per Basic Share
2.1
0.56
1.49
0.85
1.42
1.89
4.01
1.66
2.4
2.02
1.86
0.03
1.6
1.88
Dividend per Share
0.21
0.24
0.27
0.28
0.34
0.4
0.48
0.48
0.57
0.64
0.65
0.65
0.63
0.63
Book Value per Share
7.83
8.78
9.47
10.25
11.94
12.82
14.59
15.78
16.61
15.42
16.3
17.46
13.5
14.21
Tangible Book Value per Share
6.64
7.23
7.35
7.65
8.48
9.43
10.63
11.81
12.58
11.49
12.47
13.68
10.32
11.06
Basic Weighted Avg Shares
19
20
24
30
35
38
43
44
44
44
44
44
46
50
Sales/Revenue/Turnover
83
84
98
116
140
163
195
220
228
242
183
187
-31
-18
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
4
4
5
6
7
10
12
14
13
12
12
12
13
Net Income, GAAP
20
18
21
24
33
53
67
68
87
93
28
35
-150
-144
Effective Tax Rate (%)
26.18
25.38
26.03
26.9
30.94
16.43
16.66
12.59
14.99
11.53
28.25
- -
- -
55.74
Profit Margin (%)
24.06
21.42
21.01
20.64
23.61
32.66
34.08
31.15
38.15
38.67
15.31
18.9
480.68
796.46
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
108
149
192
181
386
394
447
481
697
742
900
1,256
316
379
Total Equity
165
194
267
341
457
492
656
692
723
677
719
764
688
726
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
13.07
10.76
9.36
8.02
8.3
11.19
11.59
10.16
12.31
13.34
4.01
4.78
-20.73
-18.98

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
316
316
379
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
865
850
1,021

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
649
780
748
Accounts Receivable, Net
30
29
30
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
13
9
11
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.9%
0.12%
-9.87%
Free Cash Flow
580.11%
1,121.22%
5,684.66%
Net Income, GAAP
-39.03%
-106.75%
-524.74%
Sales/Revenue/Turnover
-4.07%
-25.77%
-116.7%
Total Cash Common Dividend
17.82%
7.03%
4.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52
55
57
23
187
2025
68
65
-238
74
-31
2026
72
74
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.32
0.42
-0.25
0.81
2025
0.55
0.47
-4.69
0.53
-3.24
2026
0.51
0.49
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.16
0.16
0.16
0.65
2025
0.16
0.16
0.15
0.16
0.63
2026
0.16
0.16
- -
- -
- -

Company Description

CEO
Thomas Prame
Full Time Employees
478
Sector
Financial Services
Industry
Banks - Regional
Address
515 Franklin Street Michigan City IN United States of America 46360
IPO Date
Jan 9, 2002
Business
Horizon Bancorp, Inc. (NASDAQ: HBNC) is the bank holding company for Horizon Bank, a full-service commercial bank that provides commercial and retail banking services; corporate and individual trust and agency services; checking, savings, money market, certificate of deposit, and time deposit accounts; non-interest- and interest-bearing demand deposits; commercial, residential real estate, mortgage warehouse, consumer, land and home equity, auto, agriculture, and equipment financing loans; treasury management solutions; private wealth management; and digital and mobile banking tools to businesses and individuals across Midwestern markets. The bank operates approximately 71 full-service branches strategically located in 39 counties throughout Indiana and Michigan, with additional national reach for equipment financing to small- and mid-sized enterprises. Founded in 1873 and headquartered in Michigan City, Indiana, Horizon Bancorp serves diverse industries in attractive communities including multinational companies, supplier ecosystems, professional services firms, and college towns through subsidiaries such as Horizon Investments, Inc., Horizon Properties, Inc., and Horizon Insurance Services, Inc. In 2025, the company executed a major balance sheet repositioning, completing a $98.6 million common stock offering of 7.14 million shares, issuing $100 million in fixed-to-floating rate subordinated notes due 2035 at 7.00% fixed until 2030, selling $1.7 billion in securities for a $299.1 million pre-tax loss, prepaying $700 million in FHLB advances, redeploying $600 million into higher-yielding securities at 5.27%, signing letters of intent to sell $190 million in indirect auto loans, reducing over $125 million in non-core deposits, and planning redemption of $56.5 million in prior subordinated notes on October 1.

Company News

  • Horizon Bank Appoints Nicholas Ritter and Charles Sulerzyski to Serve as Independent Directors

  • Empowered Funds LLC Lowers Stock Holdings in Horizon Bancorp (IN) $HBNC

  • Horizon Bancorp (IN) $HBNC Shares Sold by Empowered Funds LLC

  • Horizon Bancorp, Inc. (HBNC) Q2 2026 Earnings Call Transcript

  • Horizon Bancorp (IN) Q2 Earnings Call Highlights

  • Compared to Estimates, Horizon Bancorp (HBNC) Q2 Earnings: A Look at Key Metrics

  • Horizon Bancorp (HBNC) Lags Q2 Earnings and Revenue Estimates

  • Horizon Bancorp, Inc. Reports Strong Second Quarter 2026 Results, Highlighted by Continued Peer Leading Profitability Metrics

  • Horizon Bancorp (HBNC) Reports Next Week: Wall Street Expects Earnings Growth

  • Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 23

  • Are You Looking for a Top Momentum Pick? Why Horizon Bancorp (HBNC) is a Great Choice

  • What Makes Horizon Bancorp (HBNC) a New Buy Stock

  • Horizon Bancorp (IN) Q1 Earnings Call Highlights

  • Horizon Bancorp, Inc. (HBNC) Q1 2026 Earnings Call Transcript

  • Horizon Bancorp Continues To Benefit From Steps Taken In 2025

  • Compared to Estimates, Horizon Bancorp (HBNC) Q1 Earnings: A Look at Key Metrics

  • Horizon Bancorp (HBNC) Q1 Earnings and Revenues Surpass Estimates

  • Horizon Bancorp, Inc. Reports First Quarter 2026 Results, Highlighted by Continued Peer Leading Profitability Metrics and Solid Capital Growth

  • Horizon Bancorp (IN) (HBNC) to Release Quarterly Earnings on Wednesday

  • Deprince Race & Zollo Inc. Purchases 40,913 Shares of Horizon Bancorp (IN) $HBNC