HBNC - Intrinsic Value and Financial Analysis - Horizon Bancorp, Inc.

Horizon Bancorp, Inc. HBNC

Financial Services - Banks - Regional - NASDAQ - US

Watchlist

$ 18.27

-1.08 %

$ 799 M

Market Cap

38.06

P/E

BALANCE SHEET

7.94 B ASSETS

Growth Rates

1Year 0.86%

3Years 10.49%

5Years 13.33%

7Years 14.17%

10Years 16.27%

7.22 B LIABILITIES

Growth Rates

1Year 0.37%

3Years 11.61%

5Years 13.98%

7Years 14.49%

10Years 16.31%

719 M EQUITY

Growth Rates

1Year 6.12%

3Years 1.26%

5Years 7.88%

7Years 11.25%

10Years 15.88%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Horizon Bancorp, Inc.

7.94 B ASSETS
7.22 B LIABILITIES

Current Assets	565 M
Cash & Short-Term Investments	527 M
Receivables	38.7 M
Other Current Assets	0
Non-Current Assets	2.76 B
Long-Term Investments	2.49 B
PP&E	94.6 M
Other Non-Current Assets	169 M

Current Liabilities	0
Accounts Payable	22.2 M
Short-Term Debt	0
Other Current Liabilities	-22.2 M
Non-Current Liabilities	7.22 B
Long-Term Debt	900 M
Other Non-Current Liabilities	6.32 B

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995
ASSETS
Cash & Cash Equivalents	528.7	126.3	598.3	258.7	107.3	74.2	76.4	70.8	48.6	43.5	31.7	30.7	20.4	15.7	68.7	38.7	20.0	53.2	55.0	19.2	37.6	36.0	18.9	35.3	34.8	31.9	20.4	20.3	47.4
Short Term Investments	547.3	997.6	1 160.8	1 134.0	841.1	600.3	509.7	439.8	445.0	323.8	508.6	482.8	431.0	382.3	333.1	301.6	234.7	243.1	275.2	281.3	215.7	0	0	0	0	0	0	0	0
Receivables	38.7	35.3	26.1	21.4	18.8	14.2	16.2	12.7	10.5	8.2	7.5	7.7	6.7	6.5	6.0	5.7	5.9	6.1	5.8	4.7	3.8	3.5	3.2	3.3	2.8	2.2	2.3	2.2	2.9
Inventory	0	(163.8)	(628.0)	(280.1)	(126.1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	0	0	0	0	0	2 542.8	2 444.0	1 832.1	1 397.9	1 127.3	622.7	778.2	1 039.0	943.9	929.8	923.4	965.9	888.5	761.9	0	0	0	0	0	0	0	0	0	0
Total Current Assets	565.2	1 159.2	1 785.2	1 414.1	967.2	3 231.6	3 046.4	2 355.5	1 902.0	1 502.8	1 170.5	1 299.4	1 066.2	966.1	1 004.5	967.8	991.7	947.8	822.7	304.2	247.9	39.5	22.1	38.6	37.6	34.1	22.6	22.6	50.3
PP&E	94.6	92.7	93.4	92.4	92.2	74.3	75.5	66.4	60.8	52.5	46.2	42.2	34.7	34.2	30.5	28.3	24.6	23.4	21.4	17.6	16.5	15.8	16.2	17.3	18.1	18.4	16.1	14.1	11.0
Intangible Assets	13.6	17.2	20.9	23.9	26.7	10.4	12.4	9.2	7.4	4.0	3.3	4.0	2.3	2.7	1.4	1.8	2.1	2.4	2.8	0	0	0	0	0	0	0	0	0	0
Goodwill	155.2	155.2	154.6	151.2	151.2	119.9	119.9	77.1	49.6	28.2	19.7	19.7	5.9	5.9	5.8	5.8	5.8	5.8	5.8	0	0	0	0	0	0	0	0	0	0
Long Term Investments	2 492.9	3 020.3	2 713.3	1 302.7	1 049.0	810.5	710.1	633.0	632.6	489.5	518.5	482.8	438.1	391.9	344.8	303.3	234.7	243.1	275.2	281.3	215.7	109.5	67.3	71.4	67.9	66.4	60.1	71.9	87.1
Other Long Term Assets	(2 756.3)	(3 285.4)	(2 982.2)	(1 570.3)	(1 319.1)	128.4	115.9	60 K	2 486.0	1 948.8	1 657.3	(66.0)	0	0	0	(2.6)	7.9	8.2	8.6	(281.3)	(215.7)	(125.2)	(83.5)	(88.7)	(86.0)	(84.8)	(76.2)	(85.9)	(98.1)
Other Assets	4 619.0	3 427.9	2 588.0	2 902.3	2 958.1	0	0	0	0	0	0	(0.6)	0	0	0	0	0	0	0	592.0	492.7	555.4	482.3	404.5	402.4	297.3	260.9	273.6	219.6
Total Assets	7 940.5	7 872.5	7 355.4	5 886.6	5 244.4	4 246.7	3 964.3	3 141.2	2 652.4	2 076.9	1 758.3	1 847.7	1 547.2	1 400.9	1 387.0	1 306.9	1 258.9	1 222.4	1 127.9	913.8	757.1	720.1	587.9	531.8	526.0	416.2	359.8	382.0	368.0
LIABILITIES
Accounts Payable	22.2	5.4	2.2	2.7	3.1	2.0	0.9	0.5	0.5	0.5	0.5	0.6	0.6	0.8	1.1	1.9	2.4	1.8	1.7	1.0	0.8	0.9	0.8	1.0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	12.5	19.5	0	0	0	0	0	0	0	0	258.9	83.8	50.0	82.3	20.2	24.4	22.3	34.1	24.5	4.0	16.0	12.8	21.6
Other Current Liabilities	0	731.9	(2.2)	169.6	271.3	481.5	(13.4)	(20.0)	(0.5)	(0.5)	(0.5)	(0.6)	(0.6)	(0.8)	(1.1)	(1.9)	(261.3)	(85.6)	(51.7)	(83.3)	(0.8)	(25.3)	(23.1)	(35.2)	(24.5)	(4.0)	(16.0)	(12.8)	(21.6)
Total Current Liabilities	0	5.4	2.2	2.7	3.1	2.0	13.4	20.0	0.5	0.5	0.5	0.6	0.6	0.8	1.1	1.9	261.3	85.6	51.7	83.3	21.0	25.3	553.0	35.2	24.5	4.0	16.0	12.8	21.6
Long Term Debt	899.8	742.3	697.5	480.7	447.1	588.2	601.8	181.0	482.1	383.8	288.8	378.1	204.9	291.3	311.9	352.2	27.8	156.2	161.4	162.4	138.3	159.1	0	0	105.9	54.8	42.0	41.5	21.4
Deferred Tax Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	6 321.9	6 452.9	5 991.2	4 713.7	4 143.7	3 166.5	2 905.4	2 619.3	1 903.4	1 498.7	1 305.0	(378.1)	(204.9)	(291.3)	(311.9)	(352.2)	(27.8)	(156.2)	(161.4)	(162.4)	552.3	(159.1)	0	0	(105.9)	(54.8)	(42.0)	(41.5)	(21.4)
Total Liabilities	7 221.7	7 195.1	6 632.2	5 194.4	4 588.3	3 754.7	3 507.2	2 800.3	2 385.6	1 882.5	1 593.7	1 688.7	1 425.7	1 288.6	1 272.4	1 203.5	1 188.2	1 160.6	1 074.3	863.4	710.8	678.7	553.0	500.2	504.8	388.7	331.0	352.7	339.5
EQUITY
Common Stock	0	0	0	0	0	0	0	0	0	0	99 K	0	0	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.0	1.0	1.0	0.9	0.9	0.7	0.7	0.7	0.7
Retained Earnings	429.0	429.4	363.7	301.4	269.7	224.0	185.6	164.2	148.7	134.5	121.3	105.4	89.4	80.2	73.4	67.8	61.0	54.2	48.5	43.1	37.6	32.4	28.1	25.2	22.6	24.2	24.4	23.9	21.1
Other Accumulative Comprehensive Income/Loss	(66.6)	(106.2)	7.3	27.9	6.4	(8.1)	(3.6)	(5.6)	(0.7)	1.5	(1.7)	9.1	7.8	2.3	5.7	0.6	63 K	(1.5)	(3.6)	78 K	2.1	2.7	0.4	9 K	(1.2)	0.3	0.4	85 K	0.5
Total Equity	718.8	677.4	723.2	692.2	656.0	492.0	457.1	340.9	266.8	194.4	164.6	159.0	121.5	112.3	114.6	103.3	70.6	61.9	53.5	50.4	46.2	41.4	34.9	31.6	21.2	27.5	28.7	29.3	28.6
Total Liabilities and Equity	7 940.5	7 872.5	7 355.4	5 886.6	5 244.4	4 246.7	3 964.3	3 141.2	2 652.4	2 076.9	1 758.3	1 847.7	1 547.2	1 400.9	1 387.0	1 306.9	1 258.9	1 222.4	1 127.9	913.8	757.1	720.1	587.9	531.8	526.0	416.2	359.8	382.0	368.0
SHARES OUTSTANDING
Common Shares Outstanding	43.6	43.6	43.8	44.0	43.5	38.3	34.6	30.0	23.6	20.4	19.4	17.9	16.7	16.6	16.4	16.2	16.2	16.1	15.5	15.1	15.1	15.0	15.1	15.6	14.9	15.6	16.2	16.8	17.1

Balance Sheet

Premium Plan

Unlimited Plan