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Horizon Bancorp (IN) (HBNC) Financials

Horizon Bancorp (IN) logo
$18.42 +0.09 (+0.49%)
Closing price 04:00 PM Eastern
Extended Trading
$18.42 +0.00 (+0.03%)
As of 04:42 PM Eastern
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Annual Income Statements for Horizon Bancorp (IN)

Annual Income Statements for Horizon Bancorp (IN)

This table shows Horizon Bancorp (IN)'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 20 24 33 53 67 68 87 93 28 35 -150
Consolidated Net Income / (Loss)		 21 24 33 53 67 68 87 93 28 35 -150
Net Income / (Loss) Continuing Operations		 21 24 33 53 67 68 87 93 28 35 -150
Total Pre-Tax Income 		28 33 48 64 80 78 102 106 39 27 -201
Total Revenue		 103 121 145 169 204 225 234 247 188 192 -27
Net Interest Income / (Expense)		 75 86 112 135 161 166 176 200 176 189 229
Total Interest Income		 89 107 128 166 208 200 194 236 312 356 363
Loans and Leases Interest Income		 75 92 112 147 184 174 156 174 245 291 310
Investment Securities Interest Income		 13 15 16 19 25 25 38 62 63 56 46
Other Interest Income		 - - - - - 0.42 0.70 0.31 4.97 9.68 7.25
Total Interest Expense		 14 21 16 32 48 34 18 37 137 168 133
Deposits Interest Expense		 5.56 6.62 7.90 18 34 19 7.87 18 86 115 99
Short-Term Borrowings Interest Expense		 - - - - - - - - 42 45 25
Long-Term Debt Interest Expense		 8.30 14 8.48 13 14 16 10 19 8.23 7.91 9.65
Total Non-Interest Income		 28 35 33 34 43 60 58 47 12 2.97 -256
Service Charges on Deposit Accounts		 - 5.76 6.38 7.76 9.96 8.85 9.19 12 12 13 13
Other Service Charges		 10 6.01 7.54 8.47 11 12 16 15 16 17 17
Net Realized & Unrealized Capital Gains on Investments		 11 15 9.53 8.29 11 27 22 12 -25 -33 -293
Other Non-Interest Income		 7.03 8.26 9.69 9.89 11 12 10 8.62 8.79 6.69 6.92
Provision for Credit Losses		 3.16 1.84 2.47 2.91 1.98 21 -2.08 -1.82 2.46 5.39 1.90
Total Non-Interest Expense		 72 87 95 103 122 126 133 143 146 159 172
Salaries and Employee Benefits		 38 44 51 57 65 71 74 80 81 88 90
Net Occupancy & Equipment Expense		 11 14 15 17 21 22 23 24 25 24 26
Property & Liability Insurance Claims		 1.50 1.56 1.05 1.44 0.25 1.86 2.38 2.56 3.88 5.03 5.10
Other Operating Expenses		 22 27 27 26 35 26 29 32 32 37 47
Amortization Expense		 - - - - - 3.72 3.64 3.70 3.61 3.40 3.04
Restructuring Charge		 - - - - - - - - 0.00 0.00 0.31
Other Special Charges		 0.43 0.68 0.37 0.67 0.74 1.16 2.28 1.05 1.05 1.20 1.34
Income Tax Expense		 7.23 8.80 15 10 13 9.87 15 12 11 -8.08 -51
Basic Earnings per Share		 $1.30 $0.80 $0.96 $1.39 $1.53 $1.56 $1.99 $2.14 $0.64 $0.81 ($3.24)
Weighted Average Basic Shares Outstanding		 15.77M 19.99M 34.55M 38.35M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Diluted Earnings per Share		 $1.26 $0.79 $0.95 $1.38 $1.53 $1.55 $1.98 $2.14 $0.64 $0.80 ($3.24)
Weighted Average Diluted Shares Outstanding		 15.77M 19.99M 34.55M 38.35M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Weighted Average Basic & Diluted Shares Outstanding		 15.77M 19.99M 34.55M 38.35M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Cash Dividends to Common per Share		 $0.39 $0.68 $0.33 $0.40 $0.46 $0.48 $0.56 $0.63 $0.64 $0.64 $0.64

Quarterly Income Statements for Horizon Bancorp (IN)

This table shows Horizon Bancorp (IN)'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 16 -25 14 14 18 -11 24 21 -222 27 26
Consolidated Net Income / (Loss)		 16 -25 14 14 18 -11 24 21 -222 27 26
Net Income / (Loss) Continuing Operations		 16 -25 14 14 18 -11 24 21 -222 27 26
Total Pre-Tax Income 		17 -19 15 16 18 -22 28 24 -286 33 32
Total Revenue		 54 22 53 56 58 24 69 66 -237 75 73
Net Interest Income / (Expense)		 42 42 43 45 47 53 52 55 58 63 62
Total Interest Income		 80 84 85 87 91 93 89 91 93 89 87
Loans and Leases Interest Income		 63 66 67 72 75 77 74 79 80 77 75
Investment Securities Interest Income		 16 15 14 14 14 13 12 12 11 10 10
Other Interest Income		 1.33 3.01 4.50 0.74 0.96 3.49 2.49 0.83 2.06 1.87 1.51
Total Interest Expense		 38 41 42 42 44 40 37 36 34 26 24
Deposits Interest Expense		 25 27 28 28 31 28 26 26 26 21 20
Short-Term Borrowings Interest Expense		 - - 12 11 11 - 9.19 8.17 5.92 1.75 1.65
Long-Term Debt Interest Expense		 13 14 2.06 2.04 2.06 12 2.12 1.90 2.80 2.84 2.81
Total Non-Interest Income		 12 -20 9.93 10 12 -29 16 11 -295 11 11
Service Charges on Deposit Accounts		 3.09 3.09 3.21 3.13 3.32 3.28 3.21 3.21 3.47 3.34 3.52
Other Service Charges		 4.27 4.35 4.04 4.32 4.41 3.82 11 4.52 -2.98 4.55 4.40
Net Realized & Unrealized Capital Gains on Investments		 2.21 -30 1.07 1.35 2.03 -38 1.05 1.59 -298 1.65 1.43
Other Non-Interest Income		 2.26 2.01 1.61 1.69 1.74 1.65 1.66 1.60 1.74 1.92 1.89
Provision for Credit Losses		 0.26 1.27 0.81 2.37 1.04 1.17 1.38 2.46 -3.57 1.63 0.39
Total Non-Interest Expense		 36 39 37 38 39 45 39 39 53 41 41
Salaries and Employee Benefits		 20 22 20 21 22 26 22 23 23 22 23
Net Occupancy & Equipment Expense		 6.28 6.20 6.01 5.77 6.18 6.27 6.57 6.08 6.25 6.85 7.55
Property & Liability Insurance Claims		 1.30 1.20 1.32 1.32 1.20 1.19 1.29 1.22 1.35 1.25 1.02
Other Operating Expenses		 7.44 8.64 8.62 8.49 8.91 11 7.68 8.33 22 9.19 8.12
Amortization Expense		 0.90 0.90 0.87 0.84 0.84 0.84 0.82 0.82 0.71 0.71 0.68
Restructuring Charge		 - - 0.00 0.00 0.00 - 0.31 0.00 0.00 - 0.00
Other Special Charges		 0.19 0.51 0.02 0.52 0.30 0.37 0.23 0.25 0.13 0.73 0.19
Income Tax Expense		 1.28 6.42 1.31 1.73 -0.08 -11 4.14 3.75 -64 5.77 6.18
Basic Earnings per Share		 $0.37 ($0.58) $0.32 $0.32 $0.42 ($0.25) $0.55 $0.47 ($4.69) $0.43 $0.51
Weighted Average Basic Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M
Diluted Earnings per Share		 $0.37 ($0.58) $0.32 $0.32 $0.41 ($0.25) $0.54 $0.47 ($4.69) $0.44 $0.51
Weighted Average Diluted Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M
Weighted Average Basic & Diluted Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M

Annual Cash Flow Statements for Horizon Bancorp (IN)

This table details how cash moves in and out of Horizon Bancorp (IN)'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 5.17 18 6.56 -1.49 40 151 344 -470 403 -233 -154
Net Cash From Operating Activities		 35 26 49 72 174 79 106 94 89 6.37 79
Net Cash From Continuing Operating Activities		 35 26 49 72 174 79 106 94 89 6.37 79
Net Income / (Loss) Continuing Operations		 21 24 33 53 67 68 87 93 28 35 -150
Consolidated Net Income / (Loss)		 21 24 33 53 67 68 87 93 28 35 -150
Provision For Loan Losses		 3.16 1.84 - - 1.98 21 -2.08 -1.82 2.46 5.39 1.90
Depreciation Expense		 4.15 5.28 5.94 6.81 9.69 9.40 9.80 11 11 10 10
Amortization Expense		 3.42 6.16 6.02 5.80 5.93 12 14 14 11 10 4.49
Non-Cash Adjustments to Reconcile Net Income		 -1.91 -1.31 7.83 3.33 -4.80 -23 432 218 174 458 372
Changes in Operating Assets and Liabilities, net		 5.85 -10 -3.84 3.23 95 -8.69 -435 -240 -137 -513 -159
Net Cash From Investing Activities		 -124 222 -279 -304 -94 -478 -345 -1,020 330 -53 979
Net Cash From Continuing Investing Activities		 -124 53 -278 -304 -94 -478 -345 -1,020 330 -53 979
Purchase of Property, Leasehold Improvements and Equipment		 -5.62 - -2.69 -3.43 -4.61 -5.87 -1.44 -6.43 -7.78 -5.08 -4.96
Purchase of Investment Securities		 -433 -4.08 -181 -254 -426 -591 -1,766 -716 -144 -260 -592
Sale and/or Maturity of Investments		 132 606 148 136 398 359 320 151 622 429 1,770
Other Investing Activities, net		 183 5.45 -243 -183 -62 -240 480 -448 -141 -217 -194
Net Cash From Financing Activities		 94 -230 236 230 -40 550 582 456 -15 -187 -1,213
Net Cash From Continuing Financing Activities		 94 -230 236 230 -40 550 582 456 -15 -187 -1,213
Net Change in Deposits		 47 47 -13 258 50 600 425 55 -193 -64 -325
Issuance of Debt		 49 - 260 0.00 0.00 193 245 1,179 866 513 239
Issuance of Common Equity		 4.31 0.57 1.60 0.62 1.71 1.23 - - 0.00 0.00 98
Repayment of Debt		 - -256 - -14 -71 -221 -76 -756 -657 -564 -1,189
Payment of Dividends		 -6.34 -8.42 -12 -15 -21 -21 -25 -28 -28 -28 -29
Other Financing Activities, Net		 - - - - - 19 21 5.39 -3.06 -43 -5.53
Cash Interest Paid		 14 21 16 - - - 19 33 120 179 132
Cash Income Taxes Paid		 4.12 6.92 10 - - - 1.65 0.80 2.14 11 27

Quarterly Cash Flow Statements for Horizon Bancorp (IN)

This table details how cash moves in and out of Horizon Bancorp (IN)'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -54 351 -255 -125 89 59 -124 -32 320 -319 120
Net Cash From Operating Activities		 30 15 6.54 16 32 -48 15 20 11 34 21
Net Cash From Continuing Operating Activities		 30 15 6.54 16 32 -48 15 20 11 34 21
Net Income / (Loss) Continuing Operations		 16 -25 14 14 18 -11 24 21 -222 27 26
Consolidated Net Income / (Loss)		 16 -25 14 14 18 -11 24 21 -222 27 26
Provision For Loan Losses		 0.26 1.27 0.81 2.37 1.04 1.17 1.38 2.46 -3.57 1.63 0.39
Depreciation Expense		 2.65 3.02 2.65 2.52 2.51 2.65 2.48 2.42 4.75 0.66 2.87
Amortization Expense		 2.76 2.53 2.66 2.64 2.63 2.45 2.39 2.32 -4.34 4.11 -0.61
Non-Cash Adjustments to Reconcile Net Income		 44 63 22 31 38 366 19 35 358 -39 38
Changes in Operating Assets and Liabilities, net		 -36 -30 -35 -37 -31 -410 -33 -43 -122 40 -46
Net Cash From Investing Activities		 -71 385 -175 -182 35 270 39 -53 1,040 -46 -17
Net Cash From Continuing Investing Activities		 -71 385 -175 -182 35 270 39 -53 1,040 -46 -17
Purchase of Property, Leasehold Improvements and Equipment		 -1.16 -1.34 -1.18 -0.83 -1.28 -1.80 -1.13 -1.38 -1.51 -0.94 -0.06
Purchase of Investment Securities		 -38 -25 -173 -87 - - 0.74 - -584 -8.35 -33
Sale and/or Maturity of Investments		 25 447 46 25 43 315 86 24 1,634 25 18
Other Investing Activities, net		 -57 -35 -47 -120 -6.38 -44 -47 -76 -8.91 -62 -2.17
Net Cash From Financing Activities		 -12 -49 -87 41 21 -163 -178 2.09 -731 -306 116
Net Cash From Continuing Financing Activities		 -12 -49 -87 41 21 -163 -178 2.09 -731 -306 116
Net Change in Deposits		 -9.24 -35 -85 50 97 -126 165 -66 -179 -245 147
Issuance of Debt		 3.76 278 403 110 - - 200 170 -134 2.78 150
Repayment of Debt		 -0.12 -278 -400 -100 -63 -0.40 -530 -102 -500 -57 -150
Payment of Dividends		 -7.09 -7.06 -7.09 -7.09 -7.11 -7.05 -7.12 -7.09 -7.08 -8.20 -8.23
Other Financing Activities, Net		 0.36 -6.48 2.57 -11 -5.84 -29 -5.76 7.09 -8.41 1.55 -22
Cash Interest Paid		 34 35 56 38 44 40 37 34 36 25 29
Cash Income Taxes Paid		 - 0.58 0.00 8.00 1.51 1.21 0.36 12 8.05 7.06 0.00

Annual Balance Sheets for Horizon Bancorp (IN)

This table presents Horizon Bancorp (IN)'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,652 3,141 3,964 4,247 5,247 5,887 7,412 7,873 7,940 7,801 6,437
Cash and Due from Banks		 49 71 60 58 99 250 594 124 113 92 67
Interest Bearing Deposits at Other Banks		 - - 16 16 8.46 8.97 4.78 2.81 416 202 73
Trading Account Securities		 641 641 713 811 1,047 1,316 2,726 3,026 2,494 2,169 889
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,108 4,368 4,795 4,825
Premises and Equipment, Net		 61 66 76 74 92 92 93 93 95 94 93
Goodwill		 50 77 120 120 151 151 155 155 155 155 155
Intangible Assets		 7.37 9.37 12 10 27 23 21 17 14 10 7.18
Other Assets		 1,845 2,277 2,967 3,156 3,823 4,045 3,819 347 286 284 328
Total Liabilities & Shareholders' Equity		 2,652 3,141 3,964 4,247 5,247 5,887 7,412 7,873 7,940 7,801 6,437
Total Liabilities		 2,386 2,800 3,507 3,755 4,591 5,194 6,689 7,195 7,222 7,038 5,748
Non-Interest Bearing Deposits		 336 496 602 642 710 1,053 1,360 1,278 1,116 1,065 1,079
Interest Bearing Deposits		 1,544 1,975 2,279 2,497 3,221 3,478 4,443 4,580 4,549 4,536 4,197
Accrued Interest Payable		 0.51 0.47 0.89 2.03 3.06 2.71 2.24 5.38 22 11 13
Long-Term Debt		 482 305 602 588 606 590 828 1,259 1,466 1,345 404
Other Long-Term Liabilities		 23 24 24 25 51 70 55 73 69 80 56
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 267 341 457 492 656 692 723 677 719 764 688
Total Preferred & Common Equity		 267 341 457 492 656 692 723 677 719 764 688
Preferred Stock		 13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 254 341 457 492 656 692 723 677 719 764 688
Common Stock		 106 182 275 276 380 363 352 354 356 364 459
Retained Earnings		 149 164 186 224 270 301 364 429 429 436 255
Accumulated Other Comprehensive Income / (Loss)		 -0.72 -5.64 -3.55 -8.14 6.43 28 7.35 -106 -67 -36 -26

Quarterly Balance Sheets for Horizon Bancorp (IN)

This table presents Horizon Bancorp (IN)'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 7,719 7,898 7,963 7,959 7,856 7,913 7,927 7,629 7,652 6,712 6,564
Cash and Due from Banks		 110 135 229 175 271 107 109 90 102 76 68
Interest Bearing Deposits at Other Banks		 2.81 3.10 2.45 2.21 1.72 6.67 13 80 34 382 191
Trading Account Securities		 3,019 2,961 2,896 2,834 2,462 2,434 2,432 2,079 2,054 886 896
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 4,568 4,771 4,751 4,857 4,931 4,773 4,827
Premises and Equipment, Net		 92 92 95 95 94 94 94 93 93 93 91
Goodwill		 155 155 155 155 155 155 155 155 155 155 155
Intangible Assets		 18 16 15 15 13 12 11 9.41 8.59 7.89 6.51
Other Assets		 4,321 4,535 4,570 4,683 291 299 249 265 272 338 329
Total Liabilities & Shareholders' Equity		 7,719 7,898 7,963 7,959 7,856 7,913 7,927 7,629 7,652 6,712 6,564
Total Liabilities		 7,074 7,195 7,254 7,266 7,134 7,186 7,173 6,853 6,861 6,052 5,865
Non-Interest Bearing Deposits		 1,315 1,232 1,170 1,127 1,093 1,087 1,086 1,127 1,121 1,123 1,139
Interest Bearing Deposits		 4,516 4,470 4,539 4,573 4,487 4,543 4,641 4,638 4,579 4,398 4,283
Accrued Interest Payable		 1.96 5.92 13 16 7.85 11 11 11 14 12 8.54
Long-Term Debt		 1,164 1,428 1,468 1,473 1,472 1,470 1,378 1,013 1,089 459 382
Other Long-Term Liabilities		 77 60 64 77 75 74 56 62 59 60 53
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 645 703 709 693 721 727 755 776 791 661 699
Total Preferred & Common Equity		 645 703 709 693 721 727 755 776 791 661 699
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 645 703 709 693 721 727 755 776 791 661 699
Common Stock		 353 354 355 355 357 358 358 361 361 459 460
Retained Earnings		 415 441 452 461 436 443 454 453 466 236 273
Accumulated Other Comprehensive Income / (Loss)		 -123 -92 -98 -123 -71 -74 -58 -37 -36 -34 -34

Annual Metrics And Ratios for Horizon Bancorp (IN)

This table displays calculated financial ratios and metrics derived from Horizon Bancorp (IN)'s official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 11,932,887.00 22,172,103.00 25,482,438.00 38,367,890.00 44,969,771.00 43,880,562.00 43,520,694.00 - - - 51,217,433.00
DEI Adjusted Shares Outstanding		 26,848,996.00 49,887,232.00 38,223,657.00 38,367,890.00 44,969,771.00 43,880,562.00 43,520,694.00 - - - 51,217,433.00
DEI Earnings Per Adjusted Shares Outstanding		 0.77 0.48 0.87 1.38 1.48 1.56 2.00 - - - -2.94
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.58% 17.72% 19.59% 16.35% 20.63% 10.45% 3.82% 5.65% -23.98% 2.04% -114.08%
EBITDA Growth		 16.55% 24.88% 35.70% 27.14% 25.32% 4.51% 26.91% 3.33% -53.35% -21.26% -487.77%
EBIT Growth		 14.53% 17.75% 46.59% 32.55% 25.62% -1.84% 30.72% 3.06% -63.06% -29.87% -835.48%
NOPAT Growth		 13.52% 16.37% 38.50% 60.39% 25.27% 2.95% 27.14% 7.25% -70.04% 26.62% -497.43%
Net Income Growth		 13.52% 16.37% 38.50% 60.39% 25.27% 2.95% 27.14% 7.25% -70.04% 26.62% -524.74%
EPS Growth		 13.52% 16.37% 38.50% 45.26% 10.87% 1.31% 27.74% 8.08% -70.09% 25.00% -505.00%
Operating Cash Flow Growth		 99.43% -27.48% 92.05% 47.33% 141.23% -54.78% 34.86% -11.26% -5.77% -92.84% 1,144.21%
Free Cash Flow Firm Growth		 -40.54% 184.63% -398.98% 108.37% -462.75% 141.80% -477.59% -60.06% 24.34% 150.37% 688.44%
Invested Capital Growth		 29.52% -13.78% 63.97% 2.01% 16.84% 1.61% 20.99% 24.80% 12.83% -3.46% -48.19%
Revenue Q/Q Growth		 2.73% 3.78% 14.93% -3.97% 5.78% 2.04% -0.44% 1.04% -16.70% 1.25% 65.31%
EBITDA Q/Q Growth		 -3.28% -0.63% 32.26% -7.62% 9.27% 4.37% 1.21% -1.85% -41.53% -6.95% 22.57%
EBIT Q/Q Growth		 -6.78% -3.48% 44.16% -8.93% 9.30% 1.81% 1.63% -1.58% -52.21% -10.29% 21.36%
NOPAT Q/Q Growth		 6.35% -2.34% 6.59% 11.51% 8.85% 5.14% -0.53% -0.28% -62.37% 67.94% 21.36%
Net Income Q/Q Growth		 6.35% -2.34% 6.59% 11.51% 8.85% 5.14% -0.53% -0.28% -62.37% 67.94% 20.08%
EPS Q/Q Growth		 6.35% -2.34% 6.59% -5.48% 12.50% 0.00% 0.00% -0.93% -62.35% 70.21% 17.56%
Operating Cash Flow Q/Q Growth		 71.31% 3.56% -4.59% -5.42% 1.27% 8.53% 1.43% -6.08% 4.17% -90.87% 3,018.27%
Free Cash Flow Firm Q/Q Growth		 -88.71% 149.42% -494.50% 155.14% 28.51% -96.24% 87.06% -32.13% 22.06% 105.29% 4.92%
Invested Capital Q/Q Growth		 11.55% -32.24% 19.27% 8.77% 3.83% 0.00% 3.80% 7.04% 0.86% -1.13% -2.40%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.27% 36.35% 41.25% 45.08% 46.83% 44.31% 54.16% 52.97% 32.51% 25.09% 0.00%
EBIT Margin		 26.93% 26.94% 33.02% 37.61% 39.17% 34.81% 43.83% 42.75% 20.77% 14.28% 0.00%
Profit (Net Income) Margin		 19.92% 19.69% 22.80% 31.43% 32.64% 30.42% 37.26% 37.82% 14.90% 18.49% 0.00%
Tax Burden Percent		 73.97% 73.10% 69.06% 83.57% 83.34% 87.41% 85.01% 88.47% 71.75% 129.54% 74.81%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 26.03% 26.90% 30.94% 16.43% 16.66% 12.59% 14.99% 11.53% 28.25% -29.54% 0.00%
Return on Invested Capital (ROIC)		 3.10% 3.43% 3.89% 4.97% 5.68% 5.38% 6.15% 5.36% 1.36% 1.65% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.10% 3.43% 3.89% 4.97% 5.68% 5.38% 6.15% 5.36% 1.36% 1.65% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 5.81% 4.44% 4.42% 6.23% 5.91% 4.78% 6.16% 7.98% 2.65% 3.13% 0.00%
Return on Equity (ROE)		 8.91% 7.87% 8.30% 11.19% 11.59% 10.16% 12.31% 13.34% 4.01% 4.78% -20.73%
Cash Return on Invested Capital (CROIC)		 -22.63% 18.22% -44.58% 2.97% -9.85% 3.79% -12.85% -16.71% -10.70% 5.17% 54.69%
Operating Return on Assets (OROA)		 1.17% 1.13% 1.35% 1.55% 1.68% 1.41% 1.54% 1.38% 0.49% 0.35% 0.00%
Return on Assets (ROA)		 0.87% 0.83% 0.93% 1.29% 1.40% 1.23% 1.31% 1.22% 0.35% 0.45% 0.00%
Return on Common Equity (ROCE)		 8.67% 7.71% 8.30% 11.19% 11.59% 10.16% 12.31% 13.34% 4.01% 4.78% -20.73%
Return on Equity Simple (ROE_SIMPLE)		 7.70% 7.02% 7.25% 10.80% 10.14% 9.90% 12.04% 13.79% 3.89% 4.64% -21.86%
Net Operating Profit after Tax (NOPAT)		 21 24 33 53 67 68 87 93 28 35 -141
NOPAT Margin		 19.92% 19.69% 22.80% 31.43% 32.64% 30.42% 37.26% 37.82% 14.90% 18.49% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.11%
SG&A Expenses to Revenue		 46.88% 47.51% 46.01% 43.74% 42.11% 41.35% 41.31% 42.18% 56.35% 58.71% 0.00%
Operating Expenses to Revenue		 70.01% 71.55% 65.28% 60.67% 59.86% 55.98% 57.07% 57.98% 77.92% 82.91% 0.00%
Earnings before Interest and Taxes (EBIT)		 28 33 48 64 80 78 102 106 39 27 -201
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 44 60 76 95 100 127 131 61 48 -186
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 2.10 1.21 0.98 1.07 0.86 1.10 0.87 0.83 0.91 1.25
Price to Tangible Book Value (P/TBV)		 1.27 2.81 1.70 1.33 1.46 1.15 1.46 1.17 1.08 1.17 1.64
Price to Revenue (P/Rev)		 2.43 5.89 3.81 2.86 3.43 2.64 3.42 2.39 3.17 3.64 0.00
Price to Earnings (P/E)		 12.26 29.95 16.71 9.09 10.51 8.68 9.17 6.32 21.27 19.68 0.00
Dividend Yield		 2.72% 0.00% 2.21% 3.07% 2.83% 3.54% 2.89% 4.61% 4.74% 4.01% 3.81%
Earnings Yield		 8.16% 3.34% 5.98% 11.01% 9.51% 11.51% 10.90% 15.82% 4.70% 5.08% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.93 1.47 1.02 0.92 0.95 0.72 0.66 0.89 0.70 0.83 1.03
Enterprise Value to Revenue (EV/Rev)		 6.75 7.81 7.43 5.90 5.88 4.11 4.40 6.98 8.16 9.13 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 19.70 21.49 18.01 13.08 12.55 9.29 8.13 13.17 25.10 36.38 0.00
Enterprise Value to EBIT (EV/EBIT)		 25.07 29.01 22.50 15.68 15.01 11.82 10.04 16.32 39.29 63.93 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 33.89 39.69 32.58 18.76 18.01 13.52 11.82 18.44 54.76 49.35 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.77 37.14 21.99 13.79 6.87 11.75 9.68 18.25 17.23 274.57 14.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 7.47 0.00 31.35 0.00 19.22 0.00 0.00 0.00 15.75 1.29
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.81 0.89 1.32 1.20 0.92 0.85 1.15 1.86 2.04 1.76 0.59
Long-Term Debt to Equity		 1.81 0.89 1.32 1.20 0.92 0.85 1.15 1.86 2.04 1.76 0.59
Financial Leverage		 1.88 1.30 1.14 1.25 1.04 0.89 1.00 1.49 1.95 1.90 1.21
Leverage Ratio		 10.25 9.53 8.90 8.65 8.27 8.26 9.40 10.91 11.33 10.62 9.81
Compound Leverage Factor		 10.25 9.53 8.90 8.65 8.27 8.26 9.40 10.91 11.33 10.62 9.81
Debt to Total Capital		 64.37% 47.22% 56.83% 54.45% 48.02% 46.02% 53.39% 65.02% 67.10% 63.80% 37.02%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 64.37% 47.22% 56.83% 54.45% 48.02% 46.02% 53.39% 65.02% 67.10% 63.80% 37.02%
Preferred Equity to Total Capital		 1.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 33.96% 52.78% 43.17% 45.55% 51.98% 53.98% 46.61% 34.98% 32.90% 36.21% 62.98%
Debt to EBITDA		 13.64 6.91 10.04 7.72 6.35 5.92 6.54 9.62 24.02 28.00 -2.17
Net Debt to EBITDA		 12.26 5.30 8.77 6.75 5.23 3.32 1.82 8.66 15.35 21.88 -1.42
Long-Term Debt to EBITDA		 13.64 6.91 10.04 7.72 6.35 5.92 6.54 9.62 24.02 28.00 -2.17
Debt to NOPAT		 23.46 12.75 18.17 11.07 9.11 8.62 9.51 13.48 52.39 37.98 -2.87
Net Debt to NOPAT		 21.10 9.79 15.86 9.68 7.50 4.84 2.64 12.12 33.49 29.67 -1.88
Long-Term Debt to NOPAT		 23.46 12.75 18.17 11.07 9.11 8.62 9.51 13.48 52.39 37.98 -2.87
Noncontrolling Interest Sharing Ratio		 2.71% 2.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -150 127 -380 32 -115 48 -182 -291 -220 111 876
Operating Cash Flow to CapEx		 626.65% 0.00% 1,824.62% 2,105.01% 3,780.83% 1,344.32% 7,385.42% 1,468.04% 1,143.87% 125.26% 1,598.69%
Free Cash Flow to Firm to Interest Expense		 -10.84 6.19 -23.19 1.01 -2.43 1.40 -9.94 -7.98 -1.61 0.66 6.57
Operating Cash Flow to Interest Expense		 2.54 1.24 2.99 2.29 3.67 2.29 5.81 2.58 0.65 0.04 0.59
Operating Cash Flow Less CapEx to Interest Expense		 2.14 1.31 2.83 2.18 3.57 2.12 5.73 2.41 0.59 0.01 0.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.02 0.02 0.00
Fixed Asset Turnover		 1.82 1.91 2.05 2.26 2.45 2.44 2.52 2.65 2.01 2.03 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 749 646 1,059 1,080 1,262 1,282 1,551 1,936 2,185 2,109 1,093
Invested Capital Turnover		 0.16 0.17 0.17 0.16 0.17 0.18 0.17 0.14 0.09 0.09 0.00
Increase / (Decrease) in Invested Capital		 171 -103 413 21 182 20 269 385 248 -76 -1,016
Enterprise Value (EV)		 696 949 1,079 997 1,198 926 1,029 1,723 1,532 1,748 1,125
Market Capitalization		 250 715 553 483 700 595 799 590 595 697 860
Book Value per Share		 $21.31 $15.37 $17.94 $12.82 $14.59 $15.78 $16.62 $15.42 $16.29 $17.47 $13.44
Tangible Book Value per Share		 $16.54 $11.48 $12.75 $9.43 $10.63 $11.81 $12.58 $11.49 $12.47 $13.68 $10.27
Total Capital		 749 646 1,059 1,080 1,262 1,282 1,551 1,936 2,185 2,109 1,093
Total Debt		 482 305 602 588 606 590 828 1,259 1,466 1,345 404
Total Long-Term Debt		 482 305 602 588 606 590 828 1,259 1,466 1,345 404
Net Debt		 433 234 525 514 499 331 230 1,133 937 1,051 265
Capital Expenditures (CapEx)		 5.62 -1.38 2.69 3.43 4.61 5.87 1.44 6.43 7.78 5.08 4.96
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.67
Net Nonoperating Obligations (NNO)		 482 305 602 588 606 590 828 1,259 1,466 1,345 404
Total Depreciation and Amortization (D&A)		 7.57 11 12 13 16 21 24 25 22 21 15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.86 $0.79 $0.96 $1.39 $1.53 $1.56 $1.99 $2.14 $0.64 $0.81 ($3.24)
Adjusted Weighted Average Basic Shares Outstanding		 26.86M 33.29M 38.34M 38.38M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Adjusted Diluted Earnings per Share		 $0.84 $0.79 $0.95 $1.38 $1.53 $1.55 $1.98 $2.14 $0.64 $0.80 ($3.24)
Adjusted Weighted Average Diluted Shares Outstanding		 26.86M 33.29M 38.34M 38.38M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.86M 33.29M 38.34M 38.38M 44.88M 43.92M 43.56M 43.58M 44.11M 44.01M 51.23M
Normalized Net Operating Profit after Tax (NOPAT)		 21 24 33 54 67 70 89 94 29 20 -140
Normalized NOPAT Margin		 20.23% 20.10% 22.98% 31.76% 32.94% 30.87% 38.09% 38.20% 15.31% 10.43% 0.00%
Pre Tax Income Margin		 26.93% 26.94% 33.02% 37.61% 39.17% 34.81% 43.83% 42.75% 20.77% 14.28% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.01 1.59 2.93 2.01 1.68 2.28 5.60 2.89 0.29 0.16 -1.51
NOPAT to Interest Expense		 1.48 1.16 2.02 1.68 1.40 1.99 4.76 2.56 0.20 0.21 -1.06
EBIT Less CapEx to Interest Expense		 1.60 1.66 2.76 1.90 1.58 2.11 5.52 2.72 0.23 0.13 -1.55
NOPAT Less CapEx to Interest Expense		 1.08 1.23 1.86 1.57 1.30 1.82 4.68 2.38 0.15 0.18 -1.09
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.86% 35.23% 35.39% 29.03% 31.31% 30.92% 28.44% 29.72% 101.18% 79.96% -19.60%
Augmented Payout Ratio		 30.86% 35.23% 35.39% 29.03% 31.31% 59.59% 37.17% 29.72% 101.18% 79.96% -19.60%

Quarterly Metrics And Ratios for Horizon Bancorp (IN)

This table displays calculated financial ratios and metrics derived from Horizon Bancorp (IN)'s official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 44,014,506.00 44,097,291.00 44,097,891.00 51,217,433.00 51,225,946.00
DEI Adjusted Shares Outstanding		 - - - - - - 44,014,506.00 44,097,291.00 44,097,891.00 51,217,433.00 51,225,946.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.54 0.47 -5.03 0.53 0.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -13.10% -63.32% -2.99% -2.44% 8.35% 10.84% 29.22% 18.85% -505.59% 210.02% 6.86%
EBITDA Growth		 -28.56% -144.01% -19.77% -18.15% 1.53% -27.08% 59.86% 38.54% -1,329.58% 322.51% 5.03%
EBIT Growth		 -32.30% -178.93% -23.82% -21.48% 3.52% -16.69% 83.50% 53.70% -1,681.49% 249.07% 15.17%
NOPAT Growth		 -31.97% -162.16% -23.24% -24.64% 12.19% -16.69% 71.13% 46.00% -1,202.47% 275.35% 9.29%
Net Income Growth		 -31.97% -219.14% -23.24% -24.64% 12.19% 56.84% 71.13% 46.00% -1,321.07% 347.39% 9.29%
EPS Growth		 -32.73% -220.83% -23.81% -25.58% 10.81% 56.90% 68.75% 46.88% -1,243.90% 276.00% -5.56%
Operating Cash Flow Growth		 8.48% 31.16% -74.15% -15.34% 8.16% -422.92% 132.95% 22.50% -66.19% 169.40% 36.19%
Free Cash Flow Firm Growth		 -17.43% 28.06% 91.73% 98.71% 115.01% 123.04% 976.29% 6,243.48% 1,488.77% 1,631.19% 71.74%
Invested Capital Growth		 19.75% 12.83% 2.95% 0.90% -1.52% -3.46% -18.41% -14.45% -47.51% -48.19% -39.60%
Revenue Q/Q Growth		 -5.66% -59.55% 144.03% 4.79% 4.76% -58.62% 184.47% -3.62% -457.52% 131.63% -1.95%
EBITDA Q/Q Growth		 -10.87% -157.86% 255.55% 2.04% 10.55% -172.42% 295.68% -11.57% -1,081.21% 113.10% -7.63%
EBIT Q/Q Growth		 -13.49% -207.47% 181.43% 3.71% 14.06% -221.14% 228.04% -13.13% -1,273.67% 111.42% -1.07%
NOPAT Q/Q Growth		 -13.63% -181.19% 206.34% 1.07% 28.57% -184.45% 255.95% -13.78% -1,070.89% 113.43% -2.80%
Net Income Q/Q Growth		 -13.63% -255.60% 155.49% 1.07% 28.57% -159.86% 320.02% -13.78% -1,175.32% 112.13% -2.80%
EPS Q/Q Growth		 -13.95% -256.76% 155.17% 0.00% 28.13% -160.98% 316.00% -12.96% -1,097.87% 109.38% 15.91%
Operating Cash Flow Q/Q Growth		 58.71% -49.80% -56.32% 143.26% 102.76% -249.86% 131.51% 27.93% -44.04% 207.64% -38.16%
Free Cash Flow Firm Q/Q Growth		 19.92% 23.29% 81.33% 88.73% 1,030.13% 17.75% 609.96% -20.99% 140.54% 28.31% -29.57%
Invested Capital Q/Q Growth		 -0.52% 0.86% 0.40% 0.17% -2.91% -1.13% -15.15% 5.04% -40.44% -2.40% -1.09%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.48% -60.76% 38.73% 37.72% 39.80% -69.66% 47.92% 43.97% 0.00% 50.00% 47.10%
EBIT Margin		 32.44% -86.19% 28.76% 28.46% 30.99% -90.73% 40.84% 36.81% 0.00% 43.63% 44.02%
Profit (Net Income) Margin		 30.05% -115.62% 26.29% 25.36% 31.12% -45.02% 34.82% 31.15% 0.00% 35.92% 35.61%
Tax Burden Percent		 92.66% 134.15% 91.41% 89.08% 100.41% 49.61% 85.25% 84.62% 77.53% 82.34% 80.90%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 7.34% 0.00% 8.59% 10.92% -0.41% 0.00% 14.75% 15.38% 0.00% 17.66% 19.10%
Return on Invested Capital (ROIC)		 3.41% -5.50% 2.26% 2.14% 2.74% -5.67% 3.62% 3.33% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.41% -6.38% 2.26% 2.14% 2.74% -5.35% 3.62% 3.33% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 6.71% -12.46% 4.61% 4.38% 5.39% -10.15% 6.01% 5.61% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 10.12% -17.95% 6.87% 6.52% 8.13% -15.81% 9.63% 8.93% -26.60% -20.73% -20.10%
Cash Return on Invested Capital (CROIC)		 -14.23% -10.70% -1.81% -0.02% 2.52% 5.17% 22.56% 18.12% 51.31% 54.69% 39.77%
Operating Return on Assets (OROA)		 0.93% -2.05% 0.68% 0.66% 0.74% -2.21% 1.09% 1.03% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.86% -2.75% 0.62% 0.59% 0.74% -1.10% 0.93% 0.87% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 10.12% -17.95% 6.87% 6.52% 8.13% -15.81% 9.63% 8.93% -26.60% -20.73% -20.10%
Return on Equity Simple (ROE_SIMPLE)		 10.72% 0.00% 3.29% 2.63% 2.79% 0.00% 5.85% 6.56% -28.49% 0.00% -21.21%
Net Operating Profit after Tax (NOPAT)		 16 -13 14 14 18 -15 24 21 -200 27 26
NOPAT Margin		 30.05% -60.33% 26.29% 25.36% 31.12% -63.51% 34.82% 31.15% 0.00% 35.92% 35.61%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.89% 0.00% 0.00% 0.00% -0.32% 0.00% 0.00% 2.35% 0.00% 0.00%
SG&A Expenses to Revenue		 48.85% 128.76% 49.38% 47.26% 47.95% 131.70% 42.15% 43.47% 0.00% 38.35% 41.83%
Operating Expenses to Revenue		 67.08% 180.35% 69.73% 67.29% 67.22% 185.89% 57.16% 59.47% 0.00% 54.20% 55.45%
Earnings before Interest and Taxes (EBIT)		 17 -19 15 16 18 -22 28 24 -286 33 32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 23 -13 21 21 23 -17 33 29 -286 37 35
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 0.83 0.76 0.74 0.89 0.91 0.85 0.85 1.06 1.25 1.20
Price to Tangible Book Value (P/TBV)		 0.84 1.08 1.00 0.96 1.14 1.17 1.07 1.07 1.40 1.64 1.56
Price to Revenue (P/Rev)		 1.96 3.17 2.96 2.92 3.55 3.64 3.17 3.09 0.00 0.00 0.00
Price to Earnings (P/E)		 5.94 21.27 23.22 28.17 31.87 19.68 14.46 12.94 0.00 0.00 0.00
Dividend Yield		 6.39% 4.74% 5.12% 5.24% 4.16% 4.01% 4.29% 4.20% 4.04% 3.81% 3.90%
Earnings Yield		 16.84% 4.70% 4.31% 3.55% 3.14% 5.08% 6.92% 7.73% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.70 0.80 0.85 0.85 0.83 0.84 0.86 0.62 1.03 0.89
Enterprise Value to Revenue (EV/Rev)		 7.71 8.16 9.41 10.08 9.59 9.13 7.24 7.45 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 16.64 25.10 31.28 36.28 35.14 36.38 24.83 23.68 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 21.29 39.29 51.17 62.31 59.53 63.93 37.37 33.35 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 23.36 54.76 73.73 97.34 86.04 49.35 33.05 31.27 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.35 17.23 24.95 27.66 26.03 274.57 99.53 86.99 0.00 14.21 11.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 33.55 15.75 3.34 4.39 0.84 1.29 1.69
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.12 2.04 2.04 2.02 1.83 1.76 1.31 1.38 0.69 0.59 0.55
Long-Term Debt to Equity		 2.12 2.04 2.04 2.02 1.83 1.76 1.31 1.38 0.69 0.59 0.55
Financial Leverage		 1.97 1.95 2.04 2.05 1.97 1.90 1.66 1.69 1.30 1.21 0.95
Leverage Ratio		 11.71 11.33 11.06 11.06 10.97 10.62 10.34 10.26 10.34 9.81 9.62
Compound Leverage Factor		 11.71 11.33 11.06 11.06 10.97 10.62 10.34 10.26 10.34 9.81 9.62
Debt to Total Capital		 67.99% 67.10% 67.12% 66.93% 64.61% 63.80% 56.63% 57.93% 40.98% 37.02% 35.33%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 67.99% 67.10% 67.12% 66.93% 64.61% 63.80% 56.63% 57.93% 40.98% 37.02% 35.33%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 32.01% 32.90% 32.88% 33.07% 35.39% 36.21% 43.37% 42.07% 59.02% 62.98% 64.67%
Debt to EBITDA		 14.11 24.02 26.31 28.66 26.69 28.00 16.78 15.89 -1.91 -2.17 -2.07
Net Debt to EBITDA		 12.41 15.35 21.43 25.78 22.13 21.88 13.97 13.88 0.00 -1.42 -0.66
Long-Term Debt to EBITDA		 14.11 24.02 26.31 28.66 26.69 28.00 16.78 15.89 -1.91 -2.17 -2.07
Debt to NOPAT		 19.81 52.39 62.00 76.90 65.33 37.98 22.33 20.99 -2.56 -2.87 -2.77
Net Debt to NOPAT		 17.42 33.49 50.51 69.17 54.17 29.67 18.59 18.33 0.00 -1.88 -0.89
Long-Term Debt to NOPAT		 19.81 52.39 62.00 76.90 65.33 37.98 22.33 20.99 -2.56 -2.87 -2.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -341 -262 -49 -5.50 51 60 428 338 813 1,043 735
Operating Cash Flow to CapEx		 2,565.95% 1,122.10% 555.52% 1,920.27% 2,523.69% -2,690.38% 1,350.22% 1,418.25% 723.19% 3,560.23% 37,075.00%
Free Cash Flow to Firm to Interest Expense		 -8.96 -6.34 -1.16 -0.13 1.16 1.50 11.59 9.36 23.60 40.41 30.10
Operating Cash Flow to Interest Expense		 0.78 0.36 0.16 0.38 0.73 -1.20 0.41 0.54 0.32 1.30 0.85
Operating Cash Flow Less CapEx to Interest Expense		 0.75 0.33 0.13 0.36 0.70 -1.25 0.38 0.50 0.27 1.26 0.85
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.00 0.00 0.00
Fixed Asset Turnover		 2.41 2.01 2.00 1.96 2.01 2.03 2.21 2.33 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,166 2,185 2,193 2,197 2,133 2,109 1,789 1,880 1,120 1,093 1,081
Invested Capital Turnover		 0.11 0.09 0.09 0.08 0.09 0.09 0.10 0.11 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 357 248 63 20 -33 -76 -404 -317 -1,014 -1,016 -709
Enterprise Value (EV)		 1,737 1,532 1,751 1,861 1,815 1,748 1,500 1,622 699 1,125 963
Market Capitalization		 442 595 551 539 672 697 656 672 699 860 841
Book Value per Share		 $15.72 $16.29 $16.35 $16.47 $17.27 $17.47 $17.63 $17.93 $14.98 $13.44 $13.65
Tangible Book Value per Share		 $11.87 $12.47 $12.54 $12.68 $13.46 $13.68 $13.89 $14.22 $11.29 $10.27 $10.49
Total Capital		 2,166 2,185 2,193 2,197 2,133 2,109 1,789 1,880 1,120 1,093 1,081
Total Debt		 1,473 1,466 1,472 1,470 1,378 1,345 1,013 1,089 459 404 382
Total Long-Term Debt		 1,473 1,466 1,472 1,470 1,378 1,345 1,013 1,089 459 404 382
Net Debt		 1,295 937 1,199 1,323 1,143 1,051 844 951 0.56 265 123
Capital Expenditures (CapEx)		 1.16 1.34 1.18 0.83 1.28 1.80 1.13 1.38 1.51 0.94 0.06
Net Nonoperating Expense (NNE)		 0.00 12 0.00 0.00 0.00 -4.47 0.00 0.00 22 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,473 1,466 1,472 1,470 1,378 1,345 1,013 1,089 459 404 382
Total Depreciation and Amortization (D&A)		 5.41 5.55 5.31 5.16 5.15 5.09 4.87 4.74 0.41 4.77 2.26
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.37 ($0.58) $0.32 $0.32 $0.42 ($0.25) $0.55 $0.47 ($4.69) $0.43 $0.51
Adjusted Weighted Average Basic Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M
Adjusted Diluted Earnings per Share		 $0.37 ($0.58) $0.32 $0.32 $0.41 ($0.25) $0.54 $0.47 ($4.69) $0.44 $0.51
Adjusted Weighted Average Diluted Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.11M 44.11M 44.12M 43.71M 43.72M 44.01M 44.10M 44.10M 51.22M 51.23M 51.33M
Normalized Net Operating Profit after Tax (NOPAT)		 16 -13 14 15 13 -15 24 21 -200 28 26
Normalized NOPAT Margin		 30.38% -58.70% 26.32% 26.18% 22.05% -62.44% 35.48% 31.46% 0.00% 36.73% 35.82%
Pre Tax Income Margin		 32.44% -86.19% 28.76% 28.46% 30.99% -90.73% 40.84% 36.81% 0.00% 43.63% 44.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.46 -0.46 0.36 0.38 0.41 -0.55 0.76 0.68 -8.31 1.27 1.33
NOPAT to Interest Expense		 0.43 -0.32 0.33 0.34 0.41 -0.38 0.65 0.57 -5.82 1.04 1.07
EBIT Less CapEx to Interest Expense		 0.43 -0.49 0.34 0.36 0.38 -0.59 0.73 0.64 -8.36 1.23 1.32
NOPAT Less CapEx to Interest Expense		 0.40 -0.35 0.31 0.32 0.38 -0.43 0.62 0.53 -5.86 1.01 1.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 38.08% 101.18% 119.36% 148.11% 134.32% 79.96% 62.50% 54.67% -15.05% -19.60% -20.64%
Augmented Payout Ratio		 38.08% 101.18% 119.36% 148.11% 134.32% 79.96% 62.50% 54.67% -15.05% -19.60% -20.64%

Financials Breakdown Chart

Key Financial Trends

Horizon Bancorp HBNC has shown notable earnings volatility over the last four years, but the latest quarter (Q4 2025) marks a return to profitability and improved operating cash flow. Below are the most important, data-backed points to watch for retail investors.

  • Q4 2025 Consolidated net income: $26,921,000; Basic EPS $0.43 and Diluted EPS $0.44, reflecting a move back into positive profitability after the prior quarter's weakness.
  • Q4 2025 Net cash from continuing operating activities: $33,573,000, indicating stronger cash generation from core operations vs Q3 2025.
  • Q4 2025 Total Revenue: $74,941,000, showing a meaningful rebound from Q3 2025 when revenue was notably negative, signaling improved top-line activity.
  • Q4 2025 Net Interest Income: $63,476,000, contributing to the overall earnings strength and indicating solid core lending/margin activity.
  • 2025 deposits remained robust, approximately in the $5.5B–$5.7B range across the year, supporting liquidity and funding for lending activities.
  • Earnings volatility persisted in 2025, with a large quarterly loss in Q3 2025 followed by a return to profitability in Q4 2025, suggesting ongoing sensitivity to non-recurring items and market conditions.
  • Balance-sheet assets fluctuated between roughly $6.7B and $7.7B across 2025 quarters, driven by seasonal movements in loans, securities, and deposits.
  • Financing activities in 2025 generally showed net outflows in several quarters (e.g., large negative net cash from financing in Q4 2025), indicating reliance on external funding and debt management activities.
  • Q3 2025 net income was a sizable loss of about $221.99M, highlighting a substantial earnings swing and potential earnings quality concerns in that period.
  • Q4 2025 net change in cash and equivalents was negative (approximately -$318.8M), with notable financing outflows (~-$306.1M) and investing outlays, signaling heaviest cash-out quarters despite profitability.
05/21/26 07:10 PM ETAI Generated. May Contain Errors.

Horizon Bancorp (IN) Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Horizon Bancorp (IN)'s financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Horizon Bancorp (IN)'s net income appears to be on a downward trend, with a most recent value of -$150.48 million in 2025, falling from $20.55 million in 2015. The previous period was $35.43 million in 2024. View Horizon Bancorp (IN)'s forecast to see where analysts expect Horizon Bancorp (IN) to go next.

Over the last 10 years, Horizon Bancorp (IN)'s total revenue changed from $103.17 million in 2015 to -$26.97 million in 2025, a change of -126.1%.

Horizon Bancorp (IN)'s total liabilities were at $5.75 billion at the end of 2025, a 18.3% decrease from 2024, and a 141.0% increase since 2015.

In the past 10 years, Horizon Bancorp (IN)'s cash and equivalents has ranged from $48.65 million in 2015 to $593.51 million in 2021, and is currently $66.81 million as of their latest financial filing in 2025.

Over the last 10 years, Horizon Bancorp (IN)'s book value per share changed from 21.31 in 2015 to 13.44 in 2025, a change of -37.0%.


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Financial statements for NASDAQ:HBNC last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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