Saturday 17 October 2026
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Horizon Bancorp (IN)
HBNC Financial Banks Regional
In the quarter to June 2026, revenue fell 1.83%, EPS grew 4.26%, free cash flow grew 72.9% and total debt rose 37.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
19.46
0.13
+0.67%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.35 | 18.91 | 11.41 | 12.50 | 10.23 | 10.53 | 7.05 | 22.56 | 19.89 | 0.00 |
Piotroski F-Score |
4 | 6 | 6 | 6 | 5 | 6 | 5 | 6 | 5 | 4 |
P/S ratio |
3.96 | 3.88 | 3.02 | 3.29 | 2.69 | 3.62 | 2.33 | 1.94 | 1.96 | 7.42 |
P/FCF ratio |
23.24 | 13.52 | 8.79 | 4.87 | 9.57 | 8.71 | 7.51 | 7.76 | 548.32 | 10.61 |
P/Operating CF |
39.69 | 53.21 | 79.13 | 84.09 | 43.59 | 52.10 | 57.83 | 42.06 | (14.55) | 23.48 |
P/B ratio |
1.65 | 1.37 | 1.23 | 1.26 | 1.01 | 1.26 | 0.98 | 0.88 | 0.92 | 1.15 |
Price to Tangible BV |
2.21 | 1.93 | 1.67 | 1.73 | 1.35 | 1.67 | 1.31 | 1.15 | 1.18 | 1.50 |
EV/Sales |
5.60 | 7.13 | 5.58 | 5.27 | 3.97 | 4.54 | 2.29 | 0.66 | 4.88 | 7.57 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
31.14 | 23.49 | 15.48 | 7.60 | 13.06 | 10.75 | 6.89 | 2.41 | 275.65 | 10.16 |
EV/FCF |
32.93 | 24.85 | 16.25 | 7.81 | 14.11 | 10.90 | 7.39 | 2.64 | 1,367.09 | 10.84 |
Quick Ratio |
0.03 | 0.03 | 0.02 | 0.03 | 0.06 | 0.10 | 0.02 | 0.08 | 0.05 | 0.03 |
Current Ratio |
0.90 | 1.01 | 0.98 | 0.95 | 0.91 | 0.73 | 0.61 | 0.70 | 0.93 | 0.95 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
9.71% | 15.18% | 13.85% | 11.55% | 10.03% | 11.17% | 1.47% | 1.42% | 17.25% | 6.28% |
Debt/Equity |
0.89 | 1.32 | 1.20 | 0.92 | 0.85 | 1.15 | 0.17 | 0.16 | 1.76 | 0.59 |
Asset Turnover |
0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 |
Operating CF/Net income |
1.07 | 1.48 | 1.36 | 2.62 | 1.15 | 1.22 | 1.01 | 3.18 | 0.18 | (0.53) |
Capex/Depreciation |
(0.12) | (0.22) | (0.27) | (0.30) | (0.27) | (0.06) | (0.25) | (0.35) | (0.25) | (0.33) |
| 8.02% | 8.30% | 11.19% | 11.59% | 10.16% | 12.31% | 13.34% | 4.01% | 4.78% | (20.73%) | |
| 0.82% | 0.93% | 1.29% | 1.40% | 1.23% | 1.31% | 1.22% | 0.35% | 0.45% | (2.11%) | |
ROIC |
3.56% | 3.05% | 3.95% | 4.32% | 4.78% | 6.72% | 9.89% | 8.05% | 0.94% | (13.17%) |
Return on Tangible Assets |
(12.40%) | 31.53% | 295.93% | (71.95%) | (20.30%) | (5.92%) | (3.54%) | (1.39%) | (11.02%) | 78.67% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
62.50% | 60.19% | 52.56% | 49.33% | 55.11% | 50.65% | 48.57% | 44.75% | 44.74% | 160.67% |
Intangible Assets out of Total Assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
Share Based Compensation of Revenue |
0.23% | 0.20% | 0.13% | 0.09% | 0.52% | 0.72% | 0.87% | 1.11% | 1.28% | 1.52% |
Graham Net Nets |
(1.05) | (0.95) | (1.11) | (1.02) | (1.56) | (2.68) | (4.42) | (3.63) | (2.61) | (0.94) |
Graham Number |
14.32 | 16.90 | 19.98 | 22.71 | 23.41 | 27.12 | 27.42 | 15.40 | 17.84 | 0.00 |
Earnings Yield |
4.28% | 5.29% | 8.77% | 8.00% | 9.77% | 9.50% | 14.18% | 4.43% | 5.03% | (18.51%) |
Free Cash Flow Yield |
4.30% | 7.39% | 11.38% | 20.54% | 10.45% | 11.49% | 13.32% | 12.88% | 0.18% | 9.42% |
Revenue per Share |
4.74 | 4.68 | 5.23 | 5.78 | 5.89 | 5.75 | 6.51 | 7.43 | 8.23 | 2.29 |
Operating CF per Share |
0.85 | 1.42 | 1.89 | 4.01 | 1.79 | 2.43 | 2.17 | 2.04 | 0.15 | 1.70 |
Capex per Share |
(0.05) | (0.08) | (0.09) | (0.11) | (0.13) | (0.03) | (0.15) | (0.18) | (0.12) | (0.11) |
Free Cash Flow per Share |
0.81 | 1.34 | 1.80 | 3.90 | 1.66 | 2.40 | 2.02 | 1.86 | 0.03 | 1.60 |
Cash per Share |
2.36 | 2.21 | 1.94 | 2.47 | 5.87 | 13.66 | 2.90 | 12.12 | 6.73 | 3.00 |
Shareholders Equity per Share |
11.37 | 13.23 | 12.83 | 15.08 | 15.72 | 16.51 | 15.55 | 16.48 | 17.47 | 14.81 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.37 | 13.23 | 12.83 | 15.08 | 15.72 | 16.51 | 15.55 | 16.48 | 17.47 | 14.81 |
Free Cash Flow |
24.17 | 46.38 | 68.85 | 169.76 | 72.99 | 104.91 | 87.95 | 81.16 | 1.28 | 74.28 |
Working Capital |
(258.90) | 29.49 | (56.38) | (184.69) | (429.88) | (1,563.97) | (2,731.15) | (2,103.74) | (415.22) | (284.10) |
Capital Expenditures |
(1.38) | (2.69) | (3.43) | (4.61) | (5.87) | (1.44) | (6.43) | (7.77) | (5.08) | (4.96) |
Net Current Asset Value |
(587.52) | (595.84) | (669.67) | (841.43) | (1,090.43) | (2,447.43) | (2,920.19) | (2,285.22) | (1,840.99) | (744.15) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.05 |
Price to Operating Income |
17.17 | 13.08 | 9.52 | 10.35 | 8.51 | 8.61 | 6.26 | 16.15 | 25.74 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.17 | 0.16 | 0.17 | 0.17 | 0.23 | 0.26 | 0.27 | 0.23 | 0.22 | 0.16 |
Cash ROIC |
3.37% | 4.08% | 5.96% | 12.40% | 4.74% | 4.88% | 9.56% | 5.97% | 0.05% | 6.03% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.03 | 0.02 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
43,920.32 | 64,186.42 | 36,262.93 | 30,180.60 | 48,024.38 | 115,711.10 | 58,553.68 | 15,141.12 | 12,176.85 | 14,445.82 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
2,175.68 | 2,676.11 | 3,010.19 | 3,535.19 | 4,231.07 | 5,167.06 | 5,830.38 | 5,761.33 | 5,632.77 | 5,438.03 |
Average Assets |
2,896.78 | 3,552.73 | 4,105.50 | 4,746.76 | 5,566.72 | 6,649.25 | 7,642.20 | 7,906.50 | 7,870.82 | 7,118.88 |
Average Common Equity |
297.59 | 398.97 | 474.54 | 574.01 | 674.12 | 707.71 | 700.29 | 698.09 | 741.20 | 725.92 |
Columns are period end dates