Horizon Bancorp (IN) HBNC

19.28 0.06 0.31% as of 25 Sep
Market cap
$986.8M
P/E
0.0×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.09
Total sells 0.16
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — 1 — — — — 1 — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 1.69%

Capital & Financial Ratios

Market Cap 986.84
Revenue 96.67
Net Income (143.99)
Free Cash Flow 94.08
Net Debt (61.84)
Current Ratio 0.92
Debt/Equity 0.22
P/E ratio 0.00
P/S ratio 10.20
P/B ratio 1.36
Past 5Y EPS Growth (12.03%)
This Y EPS Growth 4.83%
Next Y EPS Growth 5.26%
Next 5Y EPS Growth 5.00%
in millions of $

Dividends

Payout Ratio 0.34
Annual Dividend Rate 0.64
Annual Dividend Yield 5.37%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.64
0.16
0.16
0.16
0.16
2025 0.64
0.16
0.16
0.16
0.16
2024 0.64
0.16
0.16
0.16
0.16
2023 0.64
0.16
0.16
0.16
0.16
2022 0.62
0.15
0.15
0.16
0.16
2021 0.53
0.12
0.13
0.13
0.15
2020 0.48
0.12
0.12
0.12
0.12
2019 0.44
0.10
0.10
0.12
0.12
2018 0.39
0.09
0.10
0.10
0.10
2017 0.32
0.07
0.07
0.09
0.09
2016 0.27
0.07
0.07
0.07
0.07
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 529 294 139 218
Receivables — — — —
Inventory — — — —
Other — — — —
4,936 5,197 5,004 5,161
2023 2024 2025 Q'26
Payables 5,665 5,601 5,275 5,400
ST’ Debt — — — —
Other — — — —
7,040 5,612 5,288 5,634
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (0.95%) (16.35%) (27.88%)
Cash Flow 8.44% 0.09% (5.67%)
Earnings 0.00% 0.00% 0.00%
Book Value 9.94% (0.11%) 0.53%

Revenue

Mar Jun Sep Dec Year
’26 98 101 — — —
’25 106 102 — 101 106
’24 95 97 102 64 359
’23 81 88 92 63 324
’22 65 69 72 78 283
’21 61 63 67 61 252
’20 64 61 67 68 260
in millions of $ · fiscal quarters ending in the months shown
value withheld pending a data check

Operating Cash Flow

Mar Jun Sep Dec Year
’26 21 33 — — —
’25 15 20 11 34 79
’24 7 16 32 (48) 6
’23 25 19 30 15 89
’22 28 27 28 11 94
’21 33 27 28 18 106
’20 28 13 22 16 79
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 21 31 — — —
’25 14 18 9 33 74
’24 5 15 31 (50) 1
’23 25 14 29 14 81
’22 27 25 26 10 88
’21 32 30 27 17 105
’20 26 12 21 14 73
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.51 0.49 — — —
’25 0.54 0.47 (4.69) 0.53 (3.15)
’24 0.32 0.32 0.41 (0.25) 0.80
’23 0.42 0.43 0.37 (0.58) 0.64
’22 0.54 0.57 0.55 0.48 2.14
’21 0.46 0.50 0.52 0.49 1.98
’20 0.26 0.33 0.46 0.50 1.55
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
9.74 16.13 14.79 15.21 7.42 15.22 14.50 7.69 11.18 12.70

Analyst estimates 2026–2028

Powerpack
Low Price
19.03 19.50 22.13 19.48 18.98 21.53 23.80 16.43 19.18 18.70
High Price
665 701 716 839 815 912 923 876 862 491
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
142 162 201 251 260 252 283 324 359 106
Revenue
85.54% 89.86% 84.25% 81.09% 86.73% 92.74% 87.12% 57.89% 53.30% (25.36%)
Gross Margin
33 48 64 80 78 102 106 39 27 (201)
EBT
23.04% 29.67% 31.69% 31.76% 30.19% 40.64% 37.25% 12.03% 7.61% (189.18%)
EBT Margin
24 33 53 67 68 87 93 28 35 (150)
Net Income
11 12 13 16 21 24 25 22 21 15
Depreciation
4.74 4.68 5.23 5.78 5.89 5.75 6.51 7.43 8.23 2.29
Revenue/Sh
0.79 0.96 1.39 1.53 1.56 1.99 2.14 0.64 0.81 (3.15)
Earnings/Sh
0.85 1.42 1.89 4.01 1.79 2.43 2.17 2.04 0.15 1.70
Cash Flow/Sh
(0.05) (0.08) (0.09) (0.11) (0.13) (0.03) (0.15) (0.18) (0.12) (0.11)
Capex/Sh
0.81 1.34 1.80 3.90 1.66 2.40 2.02 1.86 0.03 1.60
Free CF/Sh
11.37 13.23 12.83 15.08 15.72 16.51 15.55 16.48 17.47 14.81
Book Value/Sh
30 35 38 43 44 44 44 44 44 46
Shares
23.35 18.91 11.41 12.50 10.23 10.53 7.05 22.56 19.89 0.00
PE Ratio
3.96 3.88 3.02 3.29 2.69 3.62 2.33 1.94 1.96 7.42
PS Ratio
1.65 1.37 1.23 1.26 1.01 1.26 0.98 0.88 0.92 1.15
PB Ratio
5.60 7.13 5.58 5.27 3.97 4.54 2.29 0.66 4.88 7.57
EV/Sales
32.93 24.85 16.25 7.81 14.11 10.90 7.39 2.64 1,367.09 10.84
EV/FCF
26 49 72 174 79 106 94 89 6 79
Op' Cash Flow
(1) (3) (3) (5) (6) (1) (6) (8) (5) (5)
Capex
24 46 69 170 73 105 88 81 1 74
FCF
(259) 29 (56) (185) (430) (1,564) (2,731) (2,104) (415) (284)
Working Cap'
305 602 588 606 590 828 116 113 1,345 404
Total Debt
234 525 514 499 331 230 (10) (416) 1,051 265
Net Debt
341 457 492 656 692 723 677 719 764 688
Sh' Equity
0.82% 0.93% 1.29% 1.40% 1.23% 1.31% 1.22% 0.35% 0.45% (2.11%)
ROA
3.56% 3.05% 3.95% 4.32% 4.78% 6.72% 9.89% 8.05% 0.94% (13.17%)
ROIC
8.02% 8.30% 11.19% 11.59% 10.16% 12.31% 13.34% 4.01% 4.78% (20.73%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Horizon Bancorp (IN) peers in Banks Regional

All 325 Banks Regional stocks →

Horizon Bancorp (IN) (HBNC) key facts

  • Horizon Bancorp (IN) (HBNC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • Horizon Bancorp (IN) reported a net loss of $150.5 million, or a loss of $3.15 per share, for fiscal 2025.
  • As of September 25, 2026, HBNC traded at $19.28, a market capitalization of $986.8 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 10.2× sales.
  • Horizon Bancorp (IN) pays an annual dividend of $0.64 per share, a yield of 5.37%, with a payout ratio of 34.0%.
  • Return on equity was −20.7% and debt-to-equity 0.22.

Source: company filings (standardised) and stockrow calculations.

Horizon Bancorp (IN) (HBNC) Latest News

News by impact score

Fine-tune

23 Jul

3

Horizon Bancorp reported strong loan growth and net interest income expansion during its Q2 2026 earnings call. Positive loan growth and earnings metrics can moderately influence near-term investor views and operational outlook for the bank.

3 transcript

Horizon Bancorp (IN) (HBNC) shared Q2 earnings call highlights covering financial results, operational updates and forward guidance. Q2 earnings details and guidance directly inform near-term financial expectations and investor positioning.

22 Jul

4

Horizon Bancorp reports strong second quarter 2026 results highlighted by continued peer-leading profitability metrics. Strong quarterly earnings with leading profitability metrics are expected to lift investor sentiment and share performance.

23 Apr

4

Horizon Bancorp, Inc. released its Q1 2026 earnings call summary, highlighting quarterly financial performance, strategic updates, and forward guidance. Q1 2026 earnings call summary reveals financial results and guidance that can significantly sway stock price and investor outlook.

3

Horizon Bancorp (IN) released Q1 earnings call highlights covering financial results, strategic updates, and outlook. Q1 earnings highlights influence financial performance and market sentiment moderately without transformative changes.

22 Apr

4

Horizon Bancorp reported first quarter 2026 results highlighted by continued peer-leading profitability metrics and solid capital growth. Peer-leading profitability metrics and solid capital growth in Q1 2026 indicate significant positive impact on financial performance and investor sentiment.

3

Horizon Bancorp (HBNC) Q1 earnings compared to analyst estimates, analyzing key metrics like revenue, EPS, net interest margin, and loan growth. Q1 earnings versus estimates affect financial performance views and short-term market sentiment without fundamentally altering long-term trajectory.

3

Horizon Bancorp (HBNC) reported Q1 earnings and revenues that surpassed analyst estimates. Surpassing Q1 earnings and revenue estimates positively affects financial performance and investor sentiment.

3

Horizon Bancorp (HBNC) reported Q1 earnings and revenues that surpassed analyst estimates. Q1 earnings and revenue beats indicate solid financial performance with moderate positive influence on investor sentiment and stock trajectory.

18 Apr

3

Horizon Bancorp (HBNC) investment story shifts as valuation assumptions and credit data evolve. Evolving valuation assumptions and credit data moderately influence HBNC's financial performance and market positioning.

20 Mar

3

Updated analyst assumptions are reshaping the investment narrative for Horizon Bancorp (HBNC), influencing future projections and valuation outlook. Revised assumptions moderately influence HBNC's financial projections and investor sentiment without fundamentally altering core operations.

6 Mar

4

Horizon Bancorp (HBNC) narrative shifts with updated fair value assumptions, altering investor perceptions and valuation outlook. Updated fair value assumptions shift HBNC's narrative, significantly influencing investor sentiment and stock trajectory.

10 Feb

4

Horizon Bancorp (IN) (HBNC) is highlighted as a noteworthy stock in February 2026, estimated to be trading below its intrinsic value. This suggests potential for growth and investment opportunities as market conditions evolve. Analysts are optimistic about the bank's financial health and strategic positioning, indicating that it may be undervalued compared to its true worth. The identification of Horizon Bancorp as undervalued suggests significant potential for future performance improvements and investor interest.

3

Horizon Bancorp (IN) is identified as one of three stocks potentially undervalued, estimated to be up to 49.8% below its intrinsic value. This assessment highlights the bank's financial performance and market position, suggesting it may present a buying opportunity for investors seeking value stocks. The identification of undervaluation may influence investor sentiment and financial performance, but the overall effect is expected to be limited.

9 Feb

3

Horizon Bancorp (IN) (HBNC) is identified as one of three stocks potentially undervalued by up to 25.8%, presenting attractive investment opportunities. Analysts suggest that the current market price does not fully reflect the company's growth prospects and financial health, making it a compelling option for investors seeking value. The article highlights the importance of evaluating such stocks in the context of broader market trends and individual company performance. The identification of undervaluation suggests a moderately noticeable influence on market sentiment and financial performance.

5 Feb

4

Horizon Bancorp (IN) (HBNC) is highlighted among discounted value stocks with potential upside by February 2026. The analysis suggests that the stock is undervalued, presenting an opportunity for investors looking for growth in the coming years. Factors contributing to this assessment include the company's financial health and market positioning, which may lead to significant appreciation in stock value. The identification of HBNC as a discounted value stock indicates a significant potential for future appreciation and investor interest.

4

Horizon Bancorp (IN) (HBNC) has been identified as a strong sell stock for February 5th, indicating potential concerns regarding its future performance and market position. Analysts suggest that various factors may be contributing to this negative outlook, prompting investors to reconsider their holdings in the company. The identification as a strong sell stock suggests significant concerns that could impact investor sentiment and the company's trajectory.

3

Horizon Bancorp (IN) is highlighted among three stocks trading at significant discounts, with estimates suggesting a potential undervaluation of up to 49.2%. This analysis positions HBNC as an attractive investment opportunity based on its current market price relative to its intrinsic value. Investors are encouraged to consider these stocks for potential gains as market conditions evolve. The identification of HBNC as undervalued may influence investor sentiment and market performance, but the overall impact is expected to be limited.

3 Feb

3

Horizon Bancorp (IN) (HBNC) is highlighted in February 2026 as being estimated below its intrinsic value, suggesting potential for growth and investment opportunities. Analysts indicate that the stock may be undervalued compared to its true worth, prompting interest from investors looking for promising financial prospects. The indication of being undervalued suggests a moderately noticeable influence on market sentiment and potential financial performance.

3

Horizon Bancorp (IN) (HBNC) is highlighted as a value pick for February 2026, being priced below its estimated worth. The article emphasizes the bank's potential for growth and investment appeal, suggesting that its current stock price does not reflect its intrinsic value. Investors are encouraged to consider HBNC as a promising opportunity in the market. Horizon Bancorp's undervaluation indicates a moderately noticeable influence on its future performance and market sentiment.

27 Jan

4 transcript

Horizon Bancorp (IN) reported strong loan growth and improved margins in its Q4 2025 earnings call. The bank highlighted its strategic initiatives that contributed to robust financial performance, including increased lending activity and effective cost management. Overall, the results indicate a positive trajectory for the bank, reflecting its competitive positioning in the market. Strong loan growth and improved margins indicate significant strategic moves that could alter the company's trajectory.

22 Jan

4 transcript

Horizon Bancorp reported its latest earnings, highlighting key financial metrics and strategic initiatives. The company demonstrated growth in net income and assets, driven by increased loan demand and improved operational efficiency. Management provided insights into future expectations, emphasizing a focus on expanding market presence and enhancing customer service. The earnings call also addressed potential challenges in the economic landscape, including interest rate fluctuations and regulatory considerations. Significant growth in net income and strategic initiatives indicate a strong potential for future performance.

4 transcript

Horizon Bancorp (HBNC) reported its Q3 2025 earnings, showcasing a solid performance with increased revenues and net income compared to the previous quarter. The bank highlighted growth in loan and deposit volumes, driven by strategic initiatives and improved market conditions. Management expressed optimism about future growth prospects and outlined plans for continued investment in technology and customer service enhancements. Overall, the earnings call reflected a positive outlook for the bank's operations and market position. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory.

4 transcript

Horizon Bancorp (HBNC) reported its Q4 2024 earnings, highlighting key financial metrics and performance indicators. The bank demonstrated growth in net income and assets, driven by increased loan demand and effective cost management. Management provided insights into strategic initiatives and market conditions, emphasizing a positive outlook for the upcoming year. The earnings call also addressed challenges and opportunities in the current economic environment, reinforcing the bank's commitment to enhancing shareholder value. The earnings report indicates significant growth and strategic initiatives that could notably influence the bank's future performance and investor sentiment.

4 transcript

Horizon Bancorp (HBNC) reported its Q3 2024 earnings, highlighting a strong performance driven by increased net interest income and improved asset quality. The bank's loan portfolio showed growth, and non-performing assets decreased, reflecting effective risk management. Management expressed optimism about future growth prospects and ongoing investments in technology to enhance customer experience. Overall, the results exceeded market expectations, contributing to positive investor sentiment. Strong earnings performance and strategic investments indicate significant potential for future growth and market positioning.

4 transcript

Horizon Bancorp (IN) reported its Q4 earnings, highlighting strong financial performance with increased net income and improved asset quality. The bank emphasized its strategic initiatives aimed at enhancing customer experience and expanding its market presence. Management discussed the impact of economic conditions on lending and deposit growth, while also addressing future growth opportunities and potential challenges in the competitive landscape. Overall, the earnings call reflected a positive outlook for the bank's operations and strategic direction. Significant strategic initiatives and financial performance improvements are likely to influence future growth and investor sentiment.

21 Jan

4

Horizon Bancorp (HBNC) reported better-than-expected earnings and revenue for Q4, surpassing analysts' estimates. The bank's performance was driven by strong loan growth and improved net interest margins. This positive financial outcome reflects the company's effective management strategies and resilience in a competitive banking environment. Strong earnings and revenue growth indicate significant positive momentum for the company's future performance.

4

Horizon Bancorp reported its Q4 earnings, showcasing a solid financial performance with increased net income and improved asset quality. The bank's loan growth and strategic initiatives contributed positively to its results, reflecting a strong operational foundation. Management expressed optimism about future growth prospects and ongoing investments in technology and customer service enhancements. The reported earnings and strategic initiatives indicate a significant positive shift in the company's trajectory and investor sentiment.

4

Horizon Bancorp, Inc. reported strong financial results for the fourth quarter of 2025, showcasing peer-leading performance metrics as it enters 2026. The bank highlighted growth in key areas, including net income and asset quality, positioning itself favorably in the competitive landscape. Management expressed optimism about future growth and strategic initiatives aimed at enhancing shareholder value. Strong financial results and peer-leading metrics indicate significant potential for future growth and improved market positioning.

3

Horizon Bancorp (HBNC) reported its Q4 earnings, highlighting key metrics that were compared against estimates. The results showed a mix of performance indicators, with some metrics exceeding expectations while others fell short. Analysts are analyzing the implications of these results on the bank's future performance and market position. The earnings report indicates moderate changes in financial performance that could influence investor sentiment and operational strategies.

stockrow.com/HBNC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com