Horizon Bancorp, Inc. (HBNC) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

47/ 100

GoAI Score

Hold

Valuation

34

Expensive

Sentiment

58

Mixed

Risk

26

Moderate Risk

Momentum

54

Neutral

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Horizon Bancorp, Inc. acts as the parent organization for Horizon Bank, overseeing the delivery of a full spectrum of commercial and retail banking services. The company provides a variety of deposit options and extends diverse loan products, including commercial, residential real estate, specialized mortgage warehouse, and consumer credit facilities. Furthermore, it offers corporate and individual trust and agency services, investment management, and real estate investment trust (REIT) solutions, alongside a selection of insurance offerings. With a footprint of 78 full-service branch locations, Horizon Bancorp serves customers across northern and central Indiana, and southern and central Michigan. This organization, which was founded in 1873, maintains its principal office in Michigan City, Indiana.

Industry: Banks - Regional
Sector: Financial Services
Headquarters: US
CEO: Thomas Prame
Listed since: Jan 9, 2002
Employees: 478

Market position

Day range

Current $19.26

$19.18$19.47

52-week range

Current $19.26

$14.97$21.04

Open: $19.47
Previous close: $19.50
Volume: 638.33K; 0.98× average
Average volume: 651.6K; Average daily volume
Market cap: 988.61M USD
Beta: 0.83; Market reference 1
50-day average: $19.7184; -2.32% below average
200-day average: $18.4841; +4.20% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 1.2B USD
P/E (TTM): -6.09×
P/B (TTM): 1.35×
P/S (TTM): 10.36×
EV / EBITDA: -6.42×
Earnings yield: -17.41%
Free cash flow yield: 8.59%
Dividend yield: 3.32%

Profitability & efficiency

Gross margin: -12.57%
Operating margin: -197.96%
Net margin: -150.89%
Return on equity: -21.86%
Return on assets: -2.34%
Return on invested capital: -41.97%

Financial health

Debt / equity: 0.52×
Current ratio: 1.14×
Altman Z-score: -0.73
Piotroski F-score: 5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

103.17M USD-70.97%

Operating income

−199.53M USD−226.88M USD

Net income

−150.48M USD−185.91M USD

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	103.17M USD	355.38M USD	319.32M USD	278.07M USD	246.57M USD
Cost of goods sold	133.56M USD	173.27M USD	139.02M USD	34.7M USD	16.22M USD
Gross profit	−30.39M USD	182.11M USD	180.3M USD	243.37M USD	230.35M USD
Selling, general, and administrative	108.42M USD	93.28M USD	84.69M USD	82.84M USD	76.43M USD
Operating expenses	169.13M USD	154.76M USD	141.3M USD	137.79M USD	127.9M USD
Interest income	362.78M USD	356.48M USD	312.31M USD	236.03M USD	194.11M USD
Interest expense	133.29M USD	167.88M USD	136.56M USD	36.52M USD	18.31M USD
Depreciation and amortization	12.4M USD	12.3M USD	11.97M USD	13.1M USD	13.88M USD
Operating income	−199.53M USD	27.35M USD	39M USD	105.58M USD	102.45M USD
Net income	−150.48M USD	35.43M USD	27.98M USD	93.41M USD	87.09M USD

Company facts updated Oct 11, 2026.

Earnings

EPS beat rate: 73%; 8 beats, 3 misses, 0 met estimates
Average EPS surprise: +3.52%; 11 comparable reports
Latest EPS result: 0.49; Estimate 0.51 · Miss by 3.92%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: -3.15; FY2025 · -493.75% year over year
Latest fiscal-year revenue: 103.17M USD; FY2025 · -70.97% year over year
Next fiscal-year EPS consensus: 2.13; FY2026 · 4 analysts
Next fiscal-year revenue consensus: 307.93M USD; FY2026 · 3 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$24.00

24.61% upside

Past 12 months12-month forecastHigh $24.00Average $24.00Low $24.00

Rating distribution

9 ratings

Strong buy00%

Buy778%

Hold222%

Sell00%

Strong sell00%

Recent analyst actions

3 institutions

HBNC news

globenewswire.comOct 2, 2026

Horizon Bancorp, Inc. Announces Conference Call to Review Third Quarter Results on October 22

MICHIGAN CITY, Ind., Oct. 02, 2026 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m.

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globenewswire.comAug 18, 2026

Horizon Bank Appoints Nicholas Ritter and Charles Sulerzyski to Serve as Independent Directors

MICHIGAN CITY, Ind., Aug. 18, 2026 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced the appointments on August 18, 2026 of Nicholas J.

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defenseworld.netAug 18, 2026

Empowered Funds LLC Lowers Stock Holdings in Horizon Bancorp (IN) $HBNC

Empowered Funds LLC reduced its holdings in Horizon Bancorp (IN) (NASDAQ: HBNC) by 66.6% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned…

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defenseworld.netAug 10, 2026

Horizon Bancorp (IN) $HBNC Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its stake in shares of Horizon Bancorp (IN) (NASDAQ: HBNC) by 66.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional…

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seekingalpha.comJul 23, 2026

Horizon Bancorp, Inc. (HBNC) Q2 2026 Earnings Call Transcript

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marketbeat.comJul 23, 2026

Horizon Bancorp (IN) Q2 Earnings Call Highlights

Horizon Bancorp IN) (NASDAQ: HBNC management said the bank's second-quarter 2026 results reflected continued strength in net interest margin, fee income, commercial lending and credit quality, while also noting a…

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Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.64

2025 complete year+20.8% since 2021

2026 partial: $0.64

$0.53

2,021

$0.62

2,022

$0.64

2,023

$0.64

2,024

$0.64

2,025

$0.64

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Oct 2, 2026	$0.16Quarterly	Oct 2, 2026	Oct 16, 2026
Dividend	Jul 2, 2026	$0.16Quarterly	Jul 3, 2026	Jul 17, 2026
Dividend	Apr 2, 2026	$0.16Quarterly	Apr 3, 2026	Apr 17, 2026
Dividend	Jan 2, 2026	$0.16Quarterly	Jan 2, 2026	Jan 16, 2026
Dividend	Oct 3, 2025	$0.16Quarterly	Oct 3, 2025	Oct 17, 2025
Dividend	Jul 3, 2025	$0.16Quarterly	Jul 3, 2025	Jul 18, 2025