Horizon Bancorp Inc /In/HBNC

NasdaqFinanceState Commercial Banks

Price (close)

$19.22

Market cap

$986.8M

P/E

—

Revenue (TTM)

-$13.0M

Net income

-$144.0M

Dividend yield

3.33%

1-year total return

23.8%

Net margin

—

Revenue growth

-106.0%

Debt / equity

0.34x

What Horizon Bancorp Inc /In/ does.

The disclosures in this Item 1 are qualified by the disclosures below in Item 1A, “Risk Factors,” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in other cautionary statements set forth elsewhere in this Annual Report on Form 10–K.

Horizon Bancorp, Inc. (“Horizon” or the “Company”) is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in northern and central Indiana and southern and central Michigan through its bank subsidiary, Horizon Bank (“Horizon Bank” or the “Bank”) and other affiliated entities. Horizon operates as a single segment, which is commercial banking. Horizon’s common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. Horizon Bank (formerly known as “Horizon Bank, N.A.”) was founded in 1873 as a national association, and it remained a national association until its conversion to an Indiana commercial bank effective June 23, 2017. The Bank is a full–service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking.

Revenue and profit, by fiscal year.

Fiscal year	2020	2021	2022	2023	2024	2025
Revenue	$225.2M	$233.8M	$247.0M	$187.7M	$191.6M	-$27.0M
Net income	$68.5M	$87.1M	$93.4M	$28.0M	$35.4M	-$150.5M
Free cash flow	$73.0M	$104.9M	$88.0M	$81.2M	$1.3M	$74.3M

More on HBNC.

Figures from Horizon Bancorp Inc /In/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.