YOLFTbeta
Horizon Bancorp

Horizon Bancorp

HBNC · NASDAQ · Financial Services / Banks - Regional

21.27USD+0.08 (+0.38%)

Price History

Full chart

Market Stats

Previous Close21.19
Open21.20
Day Range20.92 – 21.31
52-Week Range14.57 – 21.04
Volume466.32K
Market Cap986.84M
P/E (TTM)0.00
Forward P/E11.05
EPS-3.30
Dividend Yield3.36%
Beta0.80
50-Day Avg19.98
200-Day Avg18.42

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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Thomas M. Prame
  • Employees465
  • Headquarters515 Franklin Street, Michigan City, IN, United States, 46360, USA
  • Websitehttps://www.horizonbank.com

Leadership

  • Mr. Thomas M. PrameCEO, President & Director · b. 1970
  • Mr. John R. Stewart C.F.A.CFO & Executive VP · b. 1981
  • Ms. Kathie A. DeRuiterExecutive VP & Senior Operations Officer · b. 1962
  • Ms. Lynn M. KerberExecutive VP & Chief Commercial Banking Officer · b. 1969
  • Mr. Todd A. EtzlerExecutive VP, Chief Legal and Risk Officer & Corporate Secretary · b. 1967
  • Amy PharesAssistant VP of Public Relations & Social Media Manager
  • Mr. John D. HatfieldSVP & Director of Marketing
  • Pamela L. ZarazeeSenior Vice President & Director of Human Resources
  • Mr. Dennis J. KuhnRegional President for Southwest Michigan · b. 1960
  • Mr. Scott T. KosikSenior Vice President & Director of Digital Banking

Financials

Income Statement

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue15.10M17.62M19.25M19.56M22.75M48.81M50.30M51.53M52.70M53.66M66.65M78.82M87.34M84.07M90.52M85.19M80.87M95.58M96.12M97.71M111.64M136.40M156.65M194.24M242.76M254.37M246.57M278.07M220.47M355.38M103.17M
Growth (%)-+16.67%+9.29%+1.59%+16.30%+114.57%+3.05%+2.45%+2.27%+1.81%+24.22%+18.25%+10.81%-3.75%+7.68%-5.89%-5.07%+18.19%+0.57%+1.65%+14.26%+22.18%+14.84%+24.00%+24.98%+4.78%-3.07%+12.78%-20.71%+61.19%-70.97%
Cost of Revenue11.11M11.87M14.26M14.11M16.86M25.31M22.48M19.75M18.76M18.56M27.49M38.04M45.33M40.45M41.50M32.43M21.78M17.85M15.42M16.28M17.02M22.38M18.85M34.51M49.52M55.19M16.22M34.70M76.00K173.27M133.56M
Gross Profit3.99M5.75M4.99M5.45M5.88M23.50M27.82M31.78M33.94M35.10M39.16M40.78M42.01M43.61M49.02M52.76M59.09M77.74M80.70M81.43M94.63M114.02M137.80M159.74M193.24M199.18M230.35M243.37M324.30M182.11M-30.39M
Gross Margin26.41%32.64%25.92%27.88%25.86%48.15%55.32%61.67%64.40%65.42%58.76%51.74%48.10%51.88%54.16%61.93%73.07%81.33%83.96%83.34%84.76%83.59%87.96%82.24%79.60%78.30%93.42%87.52%147.09%51.24%-29.46%
Operating Expense781.00K327.00K2.69M3.74M5.40M17.91M21.11M23.40M24.77M25.67M29.13M30.45M31.14M32.78M37.81M39.36M42.11M49.75M53.78M57.18M66.85M81.31M89.84M96.17M113.40M120.81M127.90M137.79M285.30M154.76M169.13M
Operating Income3.21M5.42M2.31M1.71M484.00K5.59M6.72M8.37M9.17M9.43M10.04M10.32M10.87M10.83M11.21M13.40M16.98M27.99M26.92M24.26M27.78M32.71M47.95M63.56M79.84M78.37M102.45M105.58M39.00M27.35M-199.53M
Operating Margin21.23%30.78%11.97%8.76%2.13%11.46%13.35%16.25%17.40%17.57%15.06%13.10%12.44%12.89%12.38%15.73%21.00%29.28%28.01%24.82%24.88%23.98%30.61%32.72%32.89%30.81%41.55%37.97%17.69%7.70%-193.40%
EBITDA4.10M6.46M3.67M2.85M1.89M7.14M8.19M9.82M11.57M11.62M12.32M13.03M13.27M12.89M14.22M15.72M19.50M30.86M30.28M28.04M31.93M37.99M53.89M70.37M89.53M90.70M116.32M118.68M39.00M39.65M-187.62M
EBITDA Margin27.14%36.69%19.09%14.57%8.32%14.64%16.29%19.05%21.95%21.65%18.48%16.54%15.19%15.33%15.71%18.45%24.12%32.29%31.50%28.69%28.60%27.85%34.40%36.23%36.88%35.66%47.18%42.68%17.69%11.16%-181.86%
Net Income3.04M3.82M1.72M1.08M-354.00K3.78M4.13M5.69M6.53M6.93M7.09M7.48M8.14M8.97M9.14M10.46M12.80M19.54M19.88M18.10M20.55M23.91M33.12M53.12M66.54M68.50M87.09M93.41M27.98M35.43M-150.48M
Net Income Margin20.13%21.71%8.94%5.54%-1.56%7.75%8.20%11.05%12.40%12.92%10.64%9.50%9.32%10.67%10.10%12.27%15.82%20.45%20.68%18.52%18.41%17.53%21.14%27.35%27.41%26.93%35.32%33.59%12.69%9.97%-145.86%
R&D----------------00000000-------
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense11.11M11.80M12.94M13.29M15.77M23.30M20.97M18.11M17.39M17.57M25.97M37.13M42.26M32.88M27.89M20.88M16.50M14.32M13.50M13.22M13.85M20.54M16.38M31.60M47.54M34.44M18.30M36.52M146.28M167.88M133.29M
Interest Expense % of Total Revenue73.59%66.98%67.19%67.93%69.31%47.74%41.69%35.15%33.00%32.74%38.96%47.12%48.39%39.12%30.82%24.50%20.40%14.98%14.05%13.53%12.41%15.06%10.46%16.27%19.58%13.54%7.42%13.13%66.35%47.24%129.20%

Balance Sheet

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets368.01M382.04M359.75M416.15M526.00M531.78M587.95M720.13M757.07M913.83M1.13B1.22B1.26B1.31B1.39B1.40B1.55B1.85B1.76B2.08B2.65B3.14B3.96B4.25B5.24B5.89B7.41B7.87B7.93B7.80B6.44B
Total Liabilities339.46M352.74M331.04M388.69M504.81M500.15M553.00M678.72M710.85M863.40M1.07B1.16B1.19B1.20B1.27B1.29B1.43B1.69B1.59B1.88B2.39B2.80B3.51B3.75B4.59B5.19B6.69B7.20B7.21B7.04B5.75B
Total Equity28.55M29.30M28.71M27.47M21.19M31.62M34.94M41.41M46.22M50.43M53.53M61.88M70.64M103.35M114.61M112.28M121.47M158.97M164.62M194.41M266.83M340.86M457.08M491.99M656.02M692.22M723.21M677.38M718.81M763.58M688.25M
Cash47.38M20.34M20.36M31.87M34.84M35.29M18.88M36.01M37.60M19.24M54.98M53.21M19.96M38.68M68.70M15.68M20.45M30.73M31.72M43.48M48.65M70.83M76.44M74.24M107.29M258.68M598.29M126.32M-519.36M294.17M66.81M
Total Debt42.97M54.35M58.00M58.82M130.42M109.47M127.64M183.52M158.21M244.67M211.47M240.00M286.69M494.42M311.85M291.32M400.79M378.10M288.78M383.84M969.21M324.44M614.31M1.07B827.19M649.99M828.27M1.89B1.47B1.35B404.49M
Net Debt-4.41M34.01M37.64M26.95M95.58M74.18M108.76M147.51M120.61M225.43M156.49M186.79M266.73M455.74M243.15M275.64M380.34M347.36M257.06M340.36M433.49M234.11M525.37M513.99M498.77M331.48M229.98M1.13B1.99B1.05B337.68M

Cash Flow

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow5.55M9.11M3.90M4.72M17.28M1.93M3.81M3.97M12.97M14.32M11.22M-1.01M17.98M19.61M14.71M24.88M22.35M26.35M46.97M17.66M35.23M25.55M49.06M72.29M174.95M78.77M105.35M94.38M88.94M6.37M79.23M
Investing Cash Flow-3.06M-21.01M19.67M-47.85M-118.24M-2.00M-70.43M-111.17M-33.67M-192.03M-73.74M-65.67M-46.43M-74.58M-51.68M27.82M-142.17M-60.38M49.80M-149.05M-124.19M222.31M-278.92M-303.76M-94.72M-492.32M-363.08M-1.02B329.52M-52.78M979.48M
Financing Cash Flow-8.56M10.18M-23.55M54.64M103.93M280.00K50.19M124.27M30.48M150.50M83.52M86.24M24.66M35.93M66.99M-105.74M124.58M44.33M-95.78M143.14M94.13M-229.76M236.42M229.99M-39.89M564.44M601.52M455.55M-15.44M-186.68M-1.21B
Capital Expenditure1.67M4.06M3.73M3.42M2.07M651.00K545.00K1.49M2.21M2.61M1.42M3.88M3.00M5.44M4.07M2.41M2.44M6.98M6.32M6.25M5.62M1.38M2.69M3.43M4.61M5.87M1.44M6.43M7.78M5.08M4.96M
Free Cash Flow3.89M5.04M165.00K1.30M15.21M1.28M3.27M2.48M10.76M11.71M9.79M-4.88M14.98M14.17M10.65M22.46M19.91M19.36M40.65M11.41M29.61M24.16M46.38M68.85M170.34M72.90M103.91M87.95M81.16M1.28M74.28M
Dividends Paid895.00K1.03M1.26M1.24M1.22M1.23M1.18M1.21M1.31M1.48M1.66M1.81M1.92M2.15M3.36M3.48M3.12M3.53M4.03M4.88M6.34M8.42M11.72M15.42M20.84M21.18M24.77M27.77M28.31M28.33M29.49M
FCF to OCF69.99%55.37%4.23%27.49%88.02%66.22%85.71%62.47%82.96%81.79%87.33%484.14%83.31%72.26%72.36%90.30%89.07%73.49%86.55%64.59%84.04%94.59%94.52%95.25%97.36%92.55%98.63%93.19%91.26%20.16%93.74%
Dividend Paid to FCF23.03%20.44%766.06%95.30%8.01%96.24%36.07%48.85%12.19%12.65%16.95%-37.07%12.80%15.15%31.57%15.52%15.66%18.22%9.90%42.74%21.42%34.86%25.27%22.39%12.23%29.06%23.84%31.57%34.88%2206.23%39.70%

Earnings

Report DateMay 9, 1996Nov 27, 1996Sep 30, 1999Dec 31, 1999Dec 31, 2000Dec 31, 2001Mar 31, 2002May 1, 2003Jul 20, 2003Oct 20, 2003Jan 23, 2004Apr 22, 2004Jul 20, 2004Oct 20, 2004Jan 21, 2005Apr 22, 2005Jul 28, 2005Oct 21, 2005Jan 24, 2006Apr 17, 2006Jul 27, 2006Oct 26, 2006Jan 18, 2007Apr 19, 2007Aug 3, 2007Nov 1, 2007Jan 25, 2008Apr 18, 2008Jul 21, 2008Oct 23, 2008Jan 23, 2009Apr 24, 2009Jul 22, 2009Oct 23, 2009Jan 21, 2010Apr 22, 2010Jul 19, 2010Oct 20, 2010Jan 19, 2011Apr 20, 2011Jul 20, 2011Oct 20, 2011Jan 18, 2012Apr 18, 2012Jul 18, 2012Oct 17, 2012Jan 23, 2013Apr 17, 2013Jul 18, 2013Oct 17, 2013Jan 22, 2014Apr 21, 2014Jul 23, 2014Oct 22, 2014Jan 22, 2015Apr 22, 2015Jul 23, 2015Oct 22, 2015Jan 25, 2016Apr 25, 2016Jul 27, 2016Oct 26, 2016Jan 25, 2017Apr 25, 2017Jul 27, 2017Oct 25, 2017Jan 24, 2018Apr 25, 2018Jul 25, 2018Oct 29, 2018Jan 29, 2019Apr 24, 2019Jul 24, 2019Oct 23, 2019Jan 29, 2020Apr 29, 2020Jul 29, 2020Oct 28, 2020Jan 27, 2021Apr 28, 2021Jul 27, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 24, 2024Jul 24, 2024Oct 23, 2024Jan 22, 2025Apr 23, 2025Jul 23, 2025Oct 22, 2025Jan 21, 2026Apr 22, 2026Jul 22, 2026Oct 28, 2026
EPS Estimate0.040.04--------0.09-------0.120.120.100.120.100.090.110.100.070.100.130.050.090.070.090.090.080.080.080.140.160.140.130.150.170.170.230.240.260.250.250.250.220.190.220.250.240.220.250.250.270.230.240.260.280.270.290.300.290.320.350.380.370.330.380.420.420.300.220.360.400.410.440.470.530.470.530.600.510.410.380.360.310.310.310.370.370.430.440.480.500.480.510.53
EPS Actual0.020.04-0.07-0.020.050.070.070.110.110.130.070.100.110.110.120.080.110.130.130.090.110.120.140.110.120.140.120.150.140.080.130.140.140.120.100.090.130.170.150.150.160.160.200.260.280.160.250.260.280.230.200.170.220.230.200.240.220.250.220.200.250.260.250.230.260.270.270.290.330.340.330.340.390.450.410.240.320.450.520.440.500.520.540.540.560.550.480.430.410.370.330.320.320.410.650.540.471.630.520.510.49-
Surprise-50.00%0.00%---------22.22%-------8.33%-25.00%10.00%0.00%40.00%22.22%9.09%40.00%71.43%50.00%7.69%60.00%44.44%100.00%55.56%33.33%25.00%12.50%62.50%21.43%-6.25%7.14%23.08%6.67%17.65%52.94%21.74%-33.33%-3.85%4.00%12.00%-8.00%-9.09%-10.53%0.00%-8.00%-16.67%9.09%-12.00%0.00%-18.52%-13.04%4.17%0.00%-10.71%-14.81%-10.34%-10.00%-6.90%-9.38%-5.71%-10.53%-10.81%3.03%2.63%7.14%-2.38%-20.00%45.45%25.00%30.00%7.32%13.64%10.64%1.89%14.89%5.66%-8.33%-5.88%4.88%7.89%2.78%6.45%3.23%3.23%10.81%75.68%25.58%6.82%239.58%4.00%6.25%-3.92%-
Timing------------------After-hoursPre-marketPre-market-After-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap986.84M
Enterprise Value1.14B
Trailing P/E0.00
Forward P/E11.05
PEG Ratio0.80
Price / Sales3.76
Price / Book1.34
EPS-3.30
Book Value14.15
Revenue (TTM)-12.38M
Gross Profit (TTM)-12.38M
Profit Margin0.00%
Operating Margin43.47%
Return on Equity-18.98%
Return on Assets-2.02%
Shares Outstanding51.34M
Shares Float50.19M
Beta0.80
Dividend Yield3.36%
Dividend Rate0.64
Payout Ratio20.32%

Analyst Ratings

Buy
Based on 6 analystsTarget 22.90
  • Strong Buy
    3
  • Hold
    3

Ownership Breakdown

Institutions
81.61%
Insiders
2.24%
Retail / Other
16.15%

Top Institutional Holders

  • BlackRock Inc
    6.57M12.80%
  • Vanguard Capital Management, LLC
    2.23M4.34%
  • PL Capital Advisors, LLC
    1.81M3.53%
  • State Street Corp
    1.66M3.23%
  • Jennison Associates LLC
    1.64M3.20%
  • Dimensional Fund Advisors, Inc.
    1.57M3.06%
  • Adage Capital Partners Gp LLC
    1.37M2.67%
  • Geode Capital Management, LLC
    1.29M2.51%
  • FJ Capital Management LLC
    1.25M2.43%
  • Manufacturers Life Insurance Co
    1.10M2.14%
  • Two Sigma Investments LLC
    970.12K1.89%
  • Vanguard Portfolio Management, LLC
    936.77K1.82%
  • Maltese Capital Management LLC
    710.00K1.38%
  • JPMorgan Chase & Co
    610.91K1.19%
  • AllianceBernstein L.P.
    593.11K1.16%
  • Stieven Capital Advisors, L.p.
    589.18K1.15%
  • Horizon Bancorp /in/
    560.41K1.09%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.58M3.08%
  • iShares Russell 2000 ETF
    1.34M2.60%
  • BlackRock Advantage Small Cap Core Instl
    837.69K1.63%

Dividends

20263×
0.16Jul 2, 20260.16Apr 2, 20260.16Jan 2, 2026
20254×
0.16Oct 3, 20250.16Jul 3, 20250.16Apr 4, 20250.16Jan 3, 2025
20244×
0.16Oct 4, 20240.16Jul 5, 20240.16Apr 4, 20240.16Jan 4, 2024
20234×
0.16Oct 5, 20230.16Jul 6, 20230.16Apr 5, 20230.16Jan 5, 2023
20224×
0.16Oct 6, 20220.16Jul 7, 20220.15Apr 7, 20220.15Jan 6, 2022
20214×
0.15Oct 7, 20210.13Jul 1, 20210.13Mar 31, 20210.12Jan 7, 2021
20201×
0.12Oct 1, 2020

Stock Splits

  • Jun 18, 20183:2
  • Nov 15, 20163:2
  • Nov 13, 20123:2
  • Dec 12, 20113:2
  • Nov 18, 20033:2
  • Nov 19, 2001959692:319897