Saturday 17 October 2026 Export HBNC’s income statement to Excel — free account

Horizon Bancorp (IN)

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%

Follow HBNC

Alert me

Market cap: $992.5M
P/E: 0.0×
Fwd P/E: 8.9×
Dividend yield: 3.29%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.09

Total sells 0.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	1	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	—	—	—

Insider Ownership 1.69%

Capital & Financial Ratios $m

Market Cap 992.49

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

Fwd P/E 8.93

P/S ratio 10.28

P/B ratio 1.37

Past 5Y EPS Growth —

This Y EPS Growth 4.83%

Next Y EPS Growth 5.26%

Next Y revenue growth 189.58%

Next 5Y EPS Growth 5.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 95.58%

10-year low 10-year high

P/B against its own 10 years 78.73%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.64

Annual Dividend Yield 3.29%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	19.03	19.50	22.13	19.48	18.98	21.53	23.80	16.43	19.18	18.70
People
People	Employees	665	701	716	839	815	912	923	876	862	491
	Revenue/emp, $m	0.21	0.23	0.28	0.30	0.32	0.28	0.31	0.37	0.42	0.22
Income, $m
Income, $m	Revenue	142	162	201	251	260	252	283	324	359	106
	Gross margin, %	85.54	89.86	84.25	81.09	86.73	92.74	87.12	57.89	53.30	(25.36)
	EBT	33	48	64	80	78	102	106	39	27	(201)
	EBT margin, %	23.04	29.67	31.69	31.76	30.19	40.64	37.25	12.03	7.61	(189.18)
	Net income	24	33	53	67	68	87	93	28	35	(150)
	Depreciation	11	12	13	16	21	24	25	22	21	15
Per share, $
Per share, $	Revenue	4.74	4.68	5.23	5.78	5.89	5.75	6.51	7.43	8.23	2.29
	Earnings	0.79	0.96	1.39	1.53	1.56	1.99	2.14	0.64	0.81	(3.15)
	Cash flow	0.85	1.42	1.89	4.01	1.79	2.43	2.17	2.04	0.15	1.70
	Capex	(0.05)	(0.08)	(0.09)	(0.11)	(0.13)	(0.03)	(0.15)	(0.18)	(0.12)	(0.11)
	Free cash flow	0.81	1.34	1.80	3.90	1.66	2.40	2.02	1.86	0.03	1.60
	Book value	11.37	13.23	12.83	15.08	15.72	16.51	15.55	16.48	17.47	14.81
	Shares, m	30	35	38	43	44	44	44	44	44	46
Valuation, ×
Valuation, ×	P/E	23.35	18.91	11.41	12.50	10.23	10.53	7.05	22.56	19.89	0.00
	P/S	3.96	3.88	3.02	3.29	2.69	3.62	2.33	1.94	1.96	7.42
	P/B	1.65	1.37	1.23	1.26	1.01	1.26	0.98	0.88	0.92	1.15
	EV/Sales	5.60	7.13	5.58	5.27	3.97	4.54	2.29	0.66	4.88	7.57
	EV/FCF	32.93	24.85	16.25	7.81	14.11	10.90	7.39	2.64	1,367.09	10.84
Cash, $m
Cash, $m	Operating cash flow	26	49	72	174	79	106	94	89	6	79
	Capex	(1)	(3)	(3)	(5)	(6)	(1)	(6)	(8)	(5)	(5)
	Free cash flow	24	46	69	170	73	105	88	81	1	74
Balance, $m
Balance, $m	Working capital	(259)	29	(56)	(185)	(430)	(1,564)	(2,731)	(2,104)	(415)	(284)
	Total debt	305	602	588	606	590	828	116	113	1,345	404
	Net debt	234	525	514	499	331	230	(10)	(416)	1,051	265
	Shareholders’ equity	341	457	492	656	692	723	677	719	764	688
Returns, %
Returns, %	ROA	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)
	ROE	8.02	8.30	11.19	11.59	10.16	12.31	13.34	4.01	4.78	(20.73)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CFFN Capitol Federal Financial	$1.0B	12.6×	11.9×	+6.50% (above 0%: growing)	+35.71% (above 0%: growing)	+45.71% (above 0%: growing)	53.81%	0.00%	Compare
BFST Business First Bancshares, Inc.	$1.0B	11.1×	9.9×	+8.01% (above 0%: growing)	0.00%	+80.82% (above 0%: growing)	65.76%	0.00%	Compare
MBWM Mercantile Bank Corporation	$1.0B	10.3×	9.6×	+5.11% (above 0%: growing)	+7.91% (above 0%: growing)	+246.97% (above 0%: growing)	70.02%	0.00%	Compare
CCNE CNB Financial Corporation	$1.0B	11.0×	8.8×	+33.95% (above 0%: growing)	+49.18% (above 0%: growing)	+101.89% (above 0%: growing)	69.04%	0.00%	Compare
MCBS MetroCity Bankshares, Inc.	$1.0B	12.0×	10.4×	+27.40% (above 0%: growing)	+16.67% (above 0%: growing)	+45.94% (above 0%: growing)	65.38%	0.00%	Compare
HBNC Horizon Bancorp (IN)	$992.5M	— (loss-making)	8.9×	−1.83% (below 0%: shrinking)	+4.26% (above 0%: growing)	+72.88% (above 0%: growing)	75.11%	0.00%
EQBK Equity Bancshares, Inc.	$961.3M	27.9×	10.2×	+39.99% (above 0%: growing)	+47.13% (above 0%: growing)	+40.78% (above 0%: growing)	70.70%	0.00%	Compare
CAC Camden National Corporation	$944.0M	10.7×	9.4×	+1.16% (above 0%: growing)	+63.86% (above 0%: growing)	+557.83% (above 0%: growing)	72.13%	0.00%	Compare
CPF CPB Inc.	$929.5M	11.6×	10.8×	+2.39% (above 0%: growing)	+17.65% (above 0%: growing)	+23.90% (above 0%: growing)	83.01%	0.00%	Compare
Median of peers	$1.0B	11.4×	10.0×	+7.26%	+26.68%	+63.38%	69.53%	0.00%

All 323 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.
As of October 16, 2026, HBNC traded at $19.46, a market capitalization of $992.5 million.
Horizon Bancorp (IN) pays an annual dividend of $0.64 per share, a yield of 3.29%.
Return on equity was −20.7% and debt-to-equity 0.22.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.