Financial Services -
Banks - Regional - NASDAQ - US
$ 13.49
-0.443 %
$ 594 M
Market Cap
16.86
P/E
1. INTRINSIC VALUE
Balance Sheet
Horizon Bancorp, Inc.
| Current Assets | 366 M |
| Cash & Short-Term Investments | 326 M |
| Receivables | 39.7 M |
| Other Current Assets | 0 |
| Non-Current Assets | 259 M |
| Long-Term Investments | 0 |
| PP&E | 93.9 M |
| Other Non-Current Assets | 165 M |
| Current Liabilities | 1.23 B |
| Accounts Payable | 11.1 M |
| Short-Term Debt | 1.23 B |
| Other Current Liabilities | -11.1 M |
| Non-Current Liabilities | 5.81 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 5.81 B |
EFFICIENCY
Earnings Waterfall
Horizon Bancorp, Inc.
| Revenue | 356 M |
| Cost Of Revenue | 0 |
| Gross Profit | 356 M |
| Operating Expenses | 2.73 M |
| Operating Income | 354 M |
| Other Expenses | 318 M |
| Net Income | 35.4 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Horizon Bancorp, Inc.
| Net Income | 35.4 M |
| Depreciation & Amortization | 18.7 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 4.59 M |
| Change in Working Capital | 0 |
| Others | -35.4 M |
| Free Cash Flow | 6.37 M |
Wall Street Analysts Price Targets
Horizon Bancorp, Inc.
Wall Street analysts predict an average 1-year price target for HBNC of $18 , with forecasts ranging from
a
low of
$13 to a high of $23 .
HBNC Lowest Price Target
Wall Street Target
13 USD
-3.63%
HBNC Average Price Target
Wall Street Target
18 USD
33.43%
HBNC Highest Price Target
Wall Street Target
23 USD
70.50%
4. DIVIDEND
ANALYSIS
1.00%
DIVIDEND YIELD
0.16 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Horizon Bancorp, Inc.
Sold
0-3 MONTHS
171 K USD 1
3-6 MONTHS
660 K USD 4
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Horizon Bancorp: Attractive Ahead Of Q1 Earnings
Horizon Bancorp shares have declined 25% from their highs, presenting a buying opportunity ahead of their April 23rd earnings report. The bank has undergone a smooth management transition, with a new CEO and independent chairman, posing a modest but acceptable risk. Horizon's balance sheet repositioning has boosted net interest margins, and the bank is well-capitalized with an 11% CET1 ratio.
seekingalpha.com
- 3 weeks ago
Horizon Bancorp, Inc. Announces Conference Call to Review First Quarter Results on April 24
Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, April 24, 2025 to review its first quarter 2025
globenewswire.com
- 1 month ago
Horizon Bancorp Appears Undervalued With A Positive Earnings Outlook
The loan growth will likely slow down significantly this year because of a planned runoff of auto loans. Further, the outlook for commercial loans is lackluster. The recent sales of AFS Securities and the Mortgage Warehouse business will lift the net interest margin. Further, interest rate cuts will benefit the margin. I'm expecting earnings to grow to $1.75 per share in 2025 from $0.80 per share in 2024.
seekingalpha.com
- 1 month ago
Horizon Bancorp (HBNC) Moves to Strong Buy: Rationale Behind the Upgrade
Horizon Bancorp (HBNC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 1 month ago
Best Income Stocks to Buy for March 25th
ALX, HAFC and HBNC made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 25, 2025.
zacks.com
- 1 month ago
Best Income Stocks to Buy for March 14th
CRGY, HBNC and HFWA made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 14, 2025.
zacks.com
- 1 month ago
Horizon Bancorp, Inc. Announces Retirement of Craig Dwight as Chairman and Enhancements to Board of Directors Structure
MICHIGAN CITY, Ind., Feb. 26, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced that Craig Dwight, Chairman of Board, will retire from the Board of Directors effective at the expiration of his current term on May 1, 2025.
globenewswire.com
- 2 months ago
Best Income Stocks to Buy for February 5th
RITM, HBNC and EBMT made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 5, 2025.
zacks.com
- 2 months ago
Horizon Bancorp, Inc. (HBNC) Q4 2024 Earnings Call Transcript
Horizon Bancorp, Inc. (NASDAQ:HBNC ) Q4 2024 Earnings Conference Call January 23, 2025 8:30 AM ET Company Participants Thomas Prame - President and Chief Executive Officer Lynn Kerber - Executive Vice President and Chief Commercial Banking Officer John Stewart - Executive Vice President and Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW David Long - Raymond James Brian Martin - Janney Montgomery Operator Good morning, everyone, and welcome to the Horizon Bancorp, Inc. Conference Call to discuss Financial Results for the Fourth Quarter of 2024. All participants will be in a listen-only mode.
seekingalpha.com
- 3 months ago
Horizon Bancorp (HBNC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Horizon Bancorp (HBNC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
Horizon Bancorp (HBNC) Lags Q4 Earnings and Revenue Estimates
Horizon Bancorp (HBNC) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.33 per share a year ago.
zacks.com
- 3 months ago
Horizon Bancorp, Inc. Reports Fourth Quarter 2024 Results and Successful Execution of Several Key Strategic Initiatives
MICHIGAN CITY, Ind., Jan. 22, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three months and year ended December 31, 2024.
globenewswire.com
- 3 months ago
8. Profile
Summary
Horizon Bancorp, Inc. HBNC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 594 M
Dividend Yield
1.00%
Description
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 78 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
Contact
515 Franklin Street, Michigan City, IN, 46360
https://www.horizonbank.com
IPO
Date
Jan. 9, 2002
Employees
841
Officers
Mr. Mark E. Secor CPA
Chief Administrative Officer, Chief Accounting Officer & Treasurer
Ms. Kathie A. DeRuiter
Executive Vice President & Senior Operations Officer
Mr. John R. Stewart C.F.A.
Chief Financial Officer & Executive Vice President
Ms. Lynn M. Kerber
Executive Vice President & Chief Commercial Banking Officer
Mr. Todd A. Etzler
Executive Vice President, Chief Legal and Risk Officer & Corporate Secretary
Amy Phares
Assistant Vice President of Public Relations & Social Media Manager
Mr. Dennis J. Kuhn
Regional President for Southwest Michigan
Mr. Thomas M. Prame
Chief Executive Officer, President & Director