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Horizon Bancorp

Financial Services US HBNC

18.56USD
0.39(2.15%)

Last update at 2026-06-04T17:54:00Z

Day Range

18.4618.75
LowHigh

52 Week Range

10.9518.77
LowHigh

Fundamentals

  • Previous Close 18.17
  • Market Cap696.74M
  • Volume274626
  • P/E Ratio15.49
  • Dividend Yield4.05%
  • Revenue TTM201.16M
  • Revenue Per Share TTM4.60
  • Gross Profit TTM 201.16M
  • Diluted EPS TTM1.02

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 105.58M 102.45M 78.37M 79.84M 63.56M
Minority interest - - - - -
Net income 93.41M 87.09M 68.50M 66.54M 53.12M
Selling general administrative 82.84M 94.84M 89.45M 82.09M 70.15M
Selling and marketing expenses - - - - -
Gross profit 241.56M 228.26M 219.93M 195.22M 162.64M
Reconciled depreciation 13.10M 11.17M 10.59M 9.69M 6.81M
Ebit 142.10M 102.45M 78.37M 79.84M 95.16M
Ebitda 155.20M 113.62M 88.96M 89.53M 101.97M
Depreciation and amortization 13.10M 11.17M 10.59M 9.69M 6.81M
Non operating income net other - - - - -
Operating income 142.10M 102.45M 78.37M 79.84M 95.16M
Other operating expenses 1.84M -125.81800M -141.56400M -115.37500M 67.48M
Interest expense 36.52M 18.30M 34.44M 47.54M 31.60M
Tax provision 12.18M 15.36M 9.87M 13.30M 10.44M
Interest income 236.03M 200.00M 205.38M 208.33M 166.17M
Net interest income 199.52M 181.69M 170.94M 160.79M 134.57M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 12.18M 15.36M 9.87M 13.30M 10.44M
Total revenue 241.56M 228.26M 219.93M 195.22M 162.64M
Total operating expenses 1.84M -125.81800M -141.56400M -115.37500M -67.48200M
Cost of revenue - - - - 34.51M
Total other income expense net -36.51500M -18.30500M -34.43800M -47.54100M -31.59900M
Discontinued operations - - - - -
Net income from continuing ops 93.41M 87.09M 68.50M 66.54M 53.12M
Net income applicable to common shares 93.41M 87.09M 68.50M 66.54M 53.12M
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 7801.15M 7931.19M 7872.52M 7355.43M 5886.61M
Intangible assets 10.22M 13.63M 17.24M 20.94M 23.90M
Earning assets - - - - -
Other current assets - 561.79M -320.79500M 2587.98M 2903.21M
Total liab 7037.56M 7212.38M 7195.14M 6632.22M 5194.40M
Total stockholder equity 763.58M 718.81M 677.38M 723.21M 692.22M
Deferred long term liab - - - - -
Other current liab 1221.12M 1138.25M -5.38000M -2.23500M -2.71200M
Common stock - - - - -
Capital stock 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Retained earnings 436.12M 429.02M 429.38M 363.74M 301.42M
Other liab - - 30.45M 55.18M 70.40M
Good will 155.21M 155.21M 155.21M 154.57M 151.24M
Other assets 7176.12M 0.00000M 3427.92M 2587.98M 2902.26M
Cash 92.30M -519.36000M 126.32M 598.29M 258.68M
Cash and equivalents - - - - -
Total current liabilities 1232.25M 1138.25M 5.38M 2.23M 2.71M
Current deferred revenue - -22.24900M - - -
Net debt 1139.95M 1985.21M 1132.56M 173.53M 331.48M
Short term debt 1232.25M 652.90M - - -
Short long term debt - - - - -
Short long term debt total 1255.56M 1465.85M 1258.87M 771.82M 590.15M
Other stockholder equity 363.76M 356.40M 354.19M 352.12M 362.94M
Property plant equipment - - 92.68M 93.44M 92.42M
Total current assets 365.72M 561.79M 1159.17M 1785.24M 1414.10M
Long term investments 2101.37M 2492.89M 3020.31M 2713.26M 1316.24M
Net tangible assets - - 504.93M 547.70M 518.02M
Short term investments 233.68M 547.25M 997.56M 1160.81M 1134.03M
Net receivables 39.75M 38.71M 35.29M 26.14M 21.40M
Long term debt 1255.56M 899.82M 1258.87M 771.82M 475.00M
Inventory - 480.65M 2.14M 3.56M 1.91M
Accounts payable 11.14M 22.25M 5.38M 2.23M 2.71M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -36.30100M -66.60900M -106.19800M 7.34M 27.85M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - 429.38M 363.74M 301.42M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -2101.36700M 209.57M -3285.43300M -2982.20900M -1570.25700M
Deferred long term asset charges - - - - -
Non current assets total 259.30M 7369.41M 3285.43M 2982.21M 1570.26M
Capital lease obligations - - - - -
Long term debt total - - 1142.95M 675.75M 475.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -524.03600M -1446.27200M -234.38900M -221.20400M -293.32200M
Change to liabilities -1.66900M -3.44100M -1.24700M -0.40300M 1.80M
Total cashflows from investing activities -1019.93200M -363.07600M -492.32200M -94.72500M -303.91600M
Net borrowings 430.21M 201.14M -15.90100M -71.04000M -13.58900M
Total cash from financing activities 455.55M 601.52M 564.44M -39.88800M 229.99M
Change to operating activities -15.63300M 7.52M -15.23400M 97.23M 4.26M
Net income 93.41M 87.09M 68.50M 66.54M 53.12M
Change in cash -470.00300M 343.80M 150.88M 40.34M -1.48800M
Begin period cash flow 593.51M 249.71M 98.83M 58.49M 59.98M
End period cash flow 123.50M 593.51M 249.71M 98.83M 58.49M
Total cash from operating activities 94.38M 105.35M 78.77M 174.95M 72.44M
Issuance of capital stock 0.00000M - 1.39M 1.71M 0.62M
Depreciation 13.10M 11.17M 10.59M 9.69M 6.81M
Other cashflows from investing activities -489.46700M 1084.64M -252.06700M 130.56M -7.16000M
Dividends paid -27.76500M -24.76800M -21.18300M -20.83500M 15.42M
Change to inventory - - -12.64100M 99.21M 5.03M
Change to account receivables -9.15700M -4.22200M -2.56800M -2.10100M -1.18000M
Sale purchase of stock 0.14M -0.29300M 1.39M 1.71M 0.62M
Other cashflows from financing activities 1238.92M 627.17M 658.96M -20.75800M 244.78M
Change to netincome 2.33M -5.81400M 13.45M -2.98300M 3.03M
Capital expenditures 6.43M 1.44M 5.87M 4.61M 3.43M
Change receivables -9.15700M -4.22200M -2.56800M -2.10100M -1.18000M
Cash flows other operating -15.78000M 10.28M -19.02100M 98.28M 3.06M
Exchange rate changes - - - - -
Cash and cash equivalents changes -470.00300M 343.80M 150.88M 40.34M -1.48800M
Change in working capital -24.79000M 3.30M -17.80200M 95.12M 3.08M
Stock based compensation 2.48M 0.07M 0.13M 0.21M 0.25M
Other non cash items 8.01M 15.59M 18.55M 4.61M 6.64M
Free cash flow 87.95M 103.91M 72.90M 170.34M 69.01M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
HBNC
Horizon Bancorp		 0.39 2.15% 18.56 15.49 11.05 3.46 0.90 8.42
HDB
HDFC Bank Limited ADR		 0.41 1.74% 23.96 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

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Profile

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse Loans, consumer loans, land and home equity, auto, and agriculture loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit and credit cards; treasury management; trust and wealth management services; retirement plans; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

Horizon Bancorp

515 Franklin Street, Michigan City, IN, United States, 46360

Key Executives

Name Title Year Born
Mr. Craig M. Dwight Pres, Chairman & CEO 1957
Mr. Mark E. Secor CPA Exec. VP, CFO, Chief Accounting Officer & Treasurer 1966
Ms. Kathie A. DeRuiter Exec. VP & Sr. Operations Officer 1962
Mr. Dennis J. Kuhn Regional Pres for Southwest Michigan 1960
Mr. Todd A. Etzler Exec. VP, Corp. Sec. & Gen. Counsel 1967
Amy Phares PR Mang. NA
Mr. Daniel R. Buresh Asst. Chief Accounting Officer & Asst. Treasurer 1959
Ms. Lynn M. Kerber Chief Commercial Banking Officer 1969
Mr. Chris A. Chatfield VP & Sr. Commercial Loan Officer NA
Mr. Thomas M. Prame CEO, President & Director 1970

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