Symbols / HBNC Stock $17.83 +0.17% Horizon Bancorp, Inc.

Financial Services • Banks - Regional • United States • NMS
HBNC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Thomas M. Prame
Exch · Country NMS · United States
Market Cap 910.34M
Enterprise Value 1.03B
Income -148.26M
Sales -23.16M
FCF (ttm) —
Book/sh 13.69
Cash/sh 5.15
Employees 465
Insider 10d —
IPO Jan 09, 2002
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 54.70%
P/E —
Forward P/E 8.06
PEG 0.80
P/S -39.31
P/B 1.30
P/C —
EV/EBITDA —
EV/Sales -44.44
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) -3.28
EPS next Y 2.21
EPS Growth -5.60%
Revenue Growth 8.50%
EPS Gr Q/Q 9.30%
Rev Gr Q/Q —
Earnings (next) 2026-07-22
Earnings (prior) 2026-04-22
ROA -2.09%
ROE -20.10%
ROIC —
Gross Margin 0.00%
Oper. Margin 46.58%
Profit Margin 0.00%
Shs Outstand 51.06M
Shs Float 49.88M
Insider Own 2.22%
Instit Own 80.59%
Short Float 2.52%
Short Ratio 3.66
Short Interest 1.27M
52W High 19.07
vs 52W High -6.50%
52W Low 14.34
vs 52W Low 24.34%
Beta 0.80
Impl. Vol. 62.70%
Rel Volume 1.10
Avg Volume 371.20K
Volume 407.23K
Target (mean) $21.20
Tgt Median $21.00
Tgt Low $20.00
Tgt High $22.00
# Analysts 5
Recom Buy
Prev Close $17.80
Price $17.83
Change 0.17%
About

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions. 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; and remote deposit, merchant processing, online payment portal, lockbox, smart safe, ACH origination, online bill pay, wire transfer, and positive and reverse positive pay services, as well as sells various life insurance products. Further, it provides online and mobile banking; health savings accounts; wealth management, financial planning, investment management, and insurance services; retirement services, including individual retirement accounts (IRAs), business IRAs, and employee benefit plans; and estate planning and settlement services. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.20
Mean price target
2. Current target
$17.83
Latest analyst target
3. DCF / Fair value
$21.20
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$17.83
Low
$20.00
High
$22.00
Mean
$21.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-23 main Keefe, Bruyette & Woods Outperform → Outperform $21
2025-09-02 main Stephens & Co. Overweight → Overweight $22
2025-08-26 up Keefe, Bruyette & Woods Market Perform → Outperform $19
2025-07-28 main Piper Sandler Neutral → Neutral $18
2025-07-25 main Keefe, Bruyette & Woods Market Perform → Market Perform $18
2025-04-28 main Piper Sandler Neutral → Neutral $17
2025-04-25 main Keefe, Bruyette & Woods Market Perform → Market Perform $17
2025-01-27 main Piper Sandler Neutral → Neutral $19
2024-12-04 main Keefe, Bruyette & Woods Market Perform → Market Perform $19
2024-09-30 init Hovde Group — → Outperform $18
2024-07-29 main Keefe, Bruyette & Woods Market Perform → Market Perform $16
2024-07-29 main Piper Sandler Neutral → Neutral $18
2024-04-29 main Piper Sandler Neutral → Neutral $13
2023-12-13 reit Stephens & Co. Overweight → Overweight $12
2023-12-13 main Piper Sandler Neutral → Neutral $14
2023-10-30 main Piper Sandler Neutral → Neutral $10
2023-07-31 main Piper Sandler Neutral → Neutral $14
2023-07-06 down Raymond James Outperform → Market Perform —
2023-04-27 reit Stephens & Co. — → Overweight $13
2023-04-06 main Raymond James — → Outperform $13
News
RSS: Latest HBNC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-17 PRAME THOMAS M Chief Executive Officer — 14,159 $0.00 $0
2026-03-17 KERBER LYNN M Officer — 4,128 $0.00 $0
2026-03-17 DERUITER KATHIE A Officer — 3,604 $0.00 $0
2026-03-17 ETZLER TODD A General Counsel — 3,020 $0.00 $0
2026-03-17 STEWART JOHN R. Chief Financial Officer — 6,714 $0.00 $0
2026-02-27 WALKER BRIAN C Director — 2,662 $16.90 $44,988
2026-02-27 MAGNESEN LARRY S. Director — 2,662 $16.90 $44,988
2026-02-27 MAASS BRIAN W. Director — 2,662 $16.90 $44,988
2026-02-27 WILLIAMS VANESSA PETERSON Director — 2,662 $16.90 $44,988
2026-02-27 SAMUELS MICHELE ANNETTE Director — 2,662 $16.90 $44,988
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
-31.31
-116.70%
187.50
+2.59%
182.76
-24.34%
241.56
Operating Revenue
-31.31
-116.70%
187.50
+2.59%
182.76
-24.34%
241.56
Selling General And Administration
94.84
+1.67%
93.28
+10.14%
84.69
+2.23%
82.84
General And Administrative Expense
94.84
+1.67%
93.28
+10.14%
84.69
+2.23%
82.84
Salaries And Wages
89.74
+1.69%
88.24
+9.20%
80.81
+0.66%
80.28
Other Gand A
—
—
—
—
Reconciled Depreciation
12.40
+0.79%
12.30
+2.77%
11.97
-8.62%
13.10
Total Unusual Items
-0.30
0.00
0.00
—
Total Unusual Items Excluding Goodwill
-0.30
0.00
0.00
—
Special Income Charges
-0.30
0.00
0.00
—
Restructuring And Mergern Acquisition
0.30
0.00
0.00
—
Net Income
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Pretax Income
-201.15
-835.48%
27.35
-29.87%
39.00
-63.06%
105.58
Net Interest Income
229.48
+21.68%
188.60
+7.32%
175.74
-11.92%
199.52
Interest Expense
133.29
-20.60%
167.88
+22.93%
136.56
+273.99%
36.52
Interest Income
362.78
+1.77%
356.48
+14.15%
312.31
+32.31%
236.03
Gain On Sale Of Security
-299.54
-665.30%
-39.14
-22.11%
-32.05
0.00
Tax Provision
-50.67
-527.19%
-8.08
-173.33%
11.02
-9.51%
12.18
Tax Rate For Calcs
0.00
+20.00%
0.00
-25.67%
0.00
+144.99%
0.00
Tax Effect Of Unusual Items
-0.08
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Net Income From Continuing Operation Net Minority Interest
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Net Income From Continuing And Discontinued Operation
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Net Income Continuous Operations
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Normalized Income
-150.25
-524.10%
35.43
+26.62%
27.98
-70.04%
93.41
Net Income Common Stockholders
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Diluted EPS
—
0.80
+25.00%
0.64
-70.09%
2.14
Basic EPS
—
0.81
+26.56%
0.64
-70.09%
2.14
Basic Average Shares
—
43.74
+0.27%
43.62
+0.13%
43.57
Diluted Average Shares
—
44.29
+1.02%
43.84
+0.31%
43.70
Diluted NI Availto Com Stockholders
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Amortization
3.04
-10.55%
3.40
-5.79%
3.61
-2.43%
3.70
Amortization Of Intangibles Income Statement
3.04
-10.55%
3.40
-5.79%
3.61
-2.43%
3.70
Depreciation Amortization Depletion Income Statement
3.04
-10.55%
3.40
-5.79%
3.61
-2.43%
3.70
Depreciation And Amortization In Income Statement
3.04
-10.55%
3.40
-5.79%
3.61
-2.43%
3.70
Insurance And Claims
5.10
+1.35%
5.03
+29.69%
3.88
+51.68%
2.56
Occupancy And Equipment
13.87
+3.67%
13.38
+0.16%
13.36
+0.24%
13.32
Other Non Interest Expense
39.02
+42.38%
27.41
+1.28%
27.06
+7.25%
25.23
Professional Expense And Contract Services Expense
16.87
-2.45%
17.30
+37.42%
12.59
-0.84%
12.69
Line Item Trend 2022-12-31 2021-12-31
Total Assets
7,872.52
—
Cash And Cash Equivalents
126.32
—
Cash Financial
—
—
Other Short Term Investments
997.56
—
Receivables
35.29
—
Accounts Receivable
35.29
—
Net PPE
92.68
—
Gross PPE
151.28
—
Accumulated Depreciation
-58.60
—
Land And Improvements
30.26
—
Buildings And Improvements
85.98
—
Machinery Furniture Equipment
35.04
—
Goodwill And Other Intangible Assets
172.45
—
Goodwill
155.21
—
Other Intangible Assets
17.24
—
Investments And Advances
3,020.31
—
Total Liabilities Net Minority Interest
7,195.14
—
Payables And Accrued Expenses
5.38
—
Payables
5.38
—
Accounts Payable
5.38
—
Long Term Debt And Capital Lease Obligation
742.25
—
Long Term Debt
742.25
—
Stockholders Equity
677.38
—
Common Stock Equity
677.38
—
Capital Stock
0.00
—
Preferred Stock
0.00
—
Share Issued
43.94
—
Ordinary Shares Number
43.94
—
Treasury Shares Number
0.36
+309.42%
0.09
Additional Paid In Capital
354.19
—
Retained Earnings
429.38
—
Gains Losses Not Affecting Retained Earnings
-106.20
—
Other Equity Adjustments
-106.20
—
Total Equity Gross Minority Interest
677.38
—
Total Capitalization
1,419.63
—
Invested Capital
1,419.63
—
Total Debt
742.25
—
Net Debt
615.94
—
Net Tangible Assets
504.93
—
Tangible Book Value
504.93
—
Available For Sale Securities
—
—
Cash Cash Equivalents And Federal Funds Sold
126.32
—
Held To Maturity Securities
2,022.75
—
Trading Securities
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
79.23
+1144.21%
6.37
-92.84%
88.94
-5.77%
94.38
Cash Flow From Continuing Operating Activities
79.23
+1144.21%
6.37
-92.84%
88.94
-5.77%
94.38
Net Income From Continuing Operations
-150.48
-524.74%
35.43
+26.62%
27.98
-70.04%
93.41
Depreciation Amortization Depletion
12.40
+0.79%
12.30
+2.77%
11.97
-8.62%
13.10
Depreciation
10.30
-0.26%
10.33
-5.55%
10.94
+1.71%
10.75
Amortization Cash Flow
2.10
+6.29%
1.97
+90.99%
1.03
-55.99%
2.35
Depreciation And Amortization
12.40
+0.79%
12.30
+2.77%
11.97
-8.62%
13.10
Amortization Of Intangibles
2.10
+6.29%
1.97
+90.99%
1.03
-55.99%
2.35
Other Non Cash Items
-6.25
+90.52%
-65.92
-1992.51%
3.48
-53.17%
7.44
Stock Based Compensation
1.62
-64.65%
4.59
+27.89%
3.59
+44.89%
2.48
Asset Impairment Charge
—
0.00
0.00
+100.00%
-2.59
Deferred Tax
-85.47
-402.78%
-17.00
-411.74%
-3.32
-252.60%
2.18
Deferred Income Tax
-85.47
-402.78%
-17.00
-411.74%
-3.32
-252.60%
2.18
Operating Gains Losses
295.06
+744.85%
34.92
+25.95%
27.73
+487.01%
-7.17
Gain Loss On Investment Securities
299.54
+665.30%
39.14
+22.11%
32.05
0.00
Change In Working Capital
8.06
+168.55%
-11.75
-335.98%
4.98
+120.09%
-24.79
Change In Receivables
10.01
+1065.67%
-1.04
+69.64%
-3.42
+62.70%
-9.16
Changes In Account Receivables
10.01
+1065.67%
-1.04
+69.64%
-3.42
+62.70%
-9.16
Change In Payables And Accrued Expense
1.75
+115.79%
-11.11
-165.87%
16.87
+436.38%
3.15
Change In Payable
1.75
+115.79%
-11.11
-165.87%
16.87
+436.38%
3.15
Change In Account Payable
1.75
+115.79%
-11.11
-165.87%
16.87
+436.38%
3.15
Change In Other Current Assets
21.87
+325.55%
-9.70
-173.48%
13.20
+194.52%
-13.96
Change In Other Current Liabilities
-25.59
-353.50%
10.09
+146.57%
-21.67
-350.17%
-4.81
Investing Cash Flow
979.48
+1955.93%
-52.78
-116.02%
329.52
+132.31%
-1,019.93
Cash Flow From Continuing Investing Activities
979.48
+1955.93%
-52.78
-116.02%
329.52
+132.31%
-1,019.93
Net PPE Purchase And Sale
-4.96
+2.52%
-5.08
+34.61%
-7.78
-20.94%
-6.43
Purchase Of PPE
-4.96
+2.52%
-5.08
+34.61%
-7.78
-20.94%
-6.43
Capital Expenditure
-4.96
+2.52%
-5.08
+34.61%
-7.78
-20.94%
-6.43
Net Investment Purchase And Sale
936.99
+145.81%
381.19
-29.05%
537.23
+214.65%
-468.57
Purchase Of Investment
-591.81
-189581.73%
-0.31
+97.33%
-11.67
+98.09%
-610.65
Sale Of Investment
1,528.80
+300.73%
381.50
-30.50%
548.89
+286.32%
142.08
Net Business Purchase And Sale
—
0.00
0.00
0.00
Net Other Investing Changes
11.71
-56.17%
26.73
-58.83%
64.91
+249.50%
-43.42
Financing Cash Flow
-1,212.69
-549.62%
-186.68
-1108.73%
-15.44
-103.39%
455.55
Cash Flow From Continuing Financing Activities
-1,212.69
-549.62%
-186.68
-1108.73%
-15.44
-103.39%
455.55
Net Issuance Payments Of Debt
-950.38
-1772.16%
-50.76
-124.31%
208.81
-50.65%
423.14
Issuance Of Debt
238.51
-53.48%
512.76
-40.80%
866.10
-26.52%
1,178.75
Repayment Of Debt
-1,188.89
-110.97%
-563.52
+14.27%
-657.29
+13.01%
-755.61
Long Term Debt Issuance
238.51
-53.48%
512.76
-40.80%
866.10
-26.52%
1,178.75
Long Term Debt Payments
-1,188.89
-110.97%
-563.52
+14.27%
-657.29
+13.01%
-755.61
Net Long Term Debt Issuance
-950.38
-1772.16%
-50.76
-124.31%
208.81
-50.65%
423.14
Short Term Debt Issuance
—
—
—
503.75
Net Short Term Debt Issuance
—
—
—
503.75
Net Common Stock Issuance
97.95
0.00
0.00
0.00
Common Stock Payments
—
0.00
0.00
0.00
Common Stock Dividend Paid
-29.49
-4.09%
-28.33
-0.06%
-28.31
-1.97%
-27.77
Cash Dividends Paid
-29.49
-4.09%
-28.33
-0.06%
-28.31
-1.97%
-27.77
Repurchase Of Capital Stock
—
0.00
0.00
0.00
Proceeds From Stock Option Exercised
-4.09
-247.35%
2.77
+327.27%
-1.22
+27.28%
-1.68
Changes In Cash
-153.97
+33.94%
-233.08
-157.84%
403.01
+185.75%
-470.00
Beginning Cash Position
293.43
-44.27%
526.51
+326.31%
123.50
-79.19%
593.51
End Cash Position
139.46
-52.47%
293.43
-44.27%
526.51
+326.31%
123.50
Free Cash Flow
74.28
+5684.66%
1.28
-98.42%
81.16
-7.72%
87.95
Interest Paid Supplemental Data
131.54
-26.47%
178.89
+49.46%
119.69
+258.68%
33.37
Income Tax Paid Supplemental Data
27.41
+155.90%
10.71
+401.17%
2.14
+166.46%
0.80
Common Stock Issuance
97.95
0.00
0.00
0.00
Issuance Of Capital Stock
97.95
0.00
0.00
0.00
Sale Of Business
—
0.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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