Horizon Bancorp, Inc. logo HBNC - Horizon Bancorp, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $20.50 DETAILS
HIGH: $21.00
LOW: $20.00
MEDIAN: $20.50
CONSENSUS: $20.50
UPSIDE: 11.78%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue
Revenue 103.2 355.4 319.3 278.1 246.6 254.4 242.8 194.2 156.6 136.4 111.6 97.7 96.1 95.6 80.9 85.2 90.5 84.1 87.3 78.8 66.7 53.7 52.7 51.5
Cost of Revenue 133.6 173.3 139.0 34.7 16.2 55.2 49.5 34.5 18.9 22.4 17.0 16.3 15.4 17.8 21.8 32.4 41.5 40.5 45.3 38.0 27.5 18.6 18.8 19.8
Gross Profit (30.4) 182.1 180.3 243.4 230.3 199.2 193.2 159.7 137.8 114.0 94.6 81.4 80.7 77.7 59.1 52.8 49.0 43.6 42.0 40.8 39.2 35.1 33.9 31.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 108.4 93.3 84.7 82.8 76.4 72.9 65.5 58.1 52.4 45.6 39.2 33.9 32.1 29.5 24.1 23.7 27.0 22.3 17.2 16.4 16.5 14.8 13.9 12.8
Other Expenses 60.7 61.5 56.6 54.9 51.5 47.9 47.9 38.1 37.4 35.7 27.6 23.3 21.7 20.3 18.0 15.6 10.8 10.5 14.0 14.0 12.6 10.9 10.8 10.7
Operating Expenses 169.1 154.8 141.3 137.8 127.9 120.8 113.4 96.2 89.8 81.3 66.8 57.2 53.8 49.7 42.1 39.4 37.8 32.8 31.1 30.5 29.1 25.7 24.8 23.4
Operating Income
Operating Income (199.5) 27.4 39.0 105.6 102.4 78.4 79.8 63.6 48.0 32.7 27.8 24.3 26.9 28.0 17.0 13.4 11.2 10.8 10.9 10.3 10.0 9.4 9.2 8.4
Interest Expense 133.3 167.9 136.6 36.5 18.3 34.4 47.5 31.6 16.4 20.5 13.9 13.2 13.5 14.3 16.5 20.9 27.9 32.9 42.3 37.1 26.0 17.6 17.4 18.1
Interest Income 362.8 356.5 312.3 236.0 194.1 200.0 208.3 166.2 128.5 106.5 88.6 76.2 74.9 72.5 64.6 68.5 72.7 70.2 75.1 68.7 56.8 43.0 41.5 41.3
Profitability
EBITDA (187.6) 39.7 51.0 118.7 116.3 90.7 89.5 70.4 53.9 38.0 31.9 28.0 30.3 30.9 19.5 15.7 14.2 12.9 13.3 13.0 12.3 11.6 11.6 9.8
EBIT (199.5) 27.4 39.0 105.6 102.4 78.4 79.8 63.6 48.0 32.7 27.8 24.3 26.9 28.0 17.0 13.4 11.2 10.8 10.9 10.3 10.0 9.4 9.2 8.4
Income Before Tax (201.2) 27.4 39.0 105.6 102.4 78.4 79.8 63.6 48.0 32.7 27.8 24.3 26.9 28.0 17.0 13.4 11.2 10.8 10.9 10.3 10.0 9.4 9.2 8.4
Income Tax Expense (50.7) (8.1) 11.0 12.2 15.4 9.9 13.3 10.4 14.8 8.8 7.2 6.2 7.0 8.4 4.2 2.9 2.1 1.9 2.7 2.8 2.9 2.5 2.6 2.8
Net Income (150.5) 35.4 28.0 93.4 87.1 68.5 66.5 53.1 33.1 23.9 20.5 18.1 19.9 19.5 12.8 10.5 9.1 9.0 8.1 7.5 7.1 6.9 6.5 5.7
Per Share Data
EPS (Basic) -3.14 0.81 0.64 2.14 1.99 1.56 1.53 1.39 0.96 0.79 0.86 0.88 1.00 1.06 0.69 0.55 0.47 0.55 0.50 0.47 0.46 0.46 0.43 0.24
EPS (Diluted) -3.15 0.80 0.64 2.14 1.98 1.55 1.53 1.38 0.95 0.79 0.84 0.84 0.96 1.02 0.67 0.54 0.47 0.54 0.50 0.46 0.44 0.44 0.41 0.24
Shares Outstanding 51.0 43.7 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
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002
Current Assets
Cash & Cash Equivalents 66.8 294.2 526.5 126.3 598.3 258.7 107.3 74.2 76.4 70.8 68.7 38.7 19.2 37.6 36.0
Short-Term Investments 3.9 233.7 547.3 997.6 1,160.8 1,134.0 841.1 600.3 509.7 439.8 0 0 0 0 0
Net Receivables 29.7 39.7 38.7 35.3 26.1 21.4 18.8 14.2 13.1 12.7 6.0 5.7 4.7 3.8 3.5
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 100.4 567.6 1,114.5 1,159.2 1,785.2 1,414.1 967.2 688.8 599.2 523.4 74.7 44.4 23.9 41.4 39.5
Non-Current Assets
Property, Plant & Equipment 92.8 93.9 94.6 92.7 93.4 92.4 92.2 74.3 75.5 66.4 30.5 28.3 17.6 16.5 15.8
Goodwill 155.2 155.2 155.2 155.2 154.6 151.2 151.2 119.9 119.9 77.1 5.8 5.8 0 0 0
Intangible Assets 7.2 10.2 13.6 17.2 20.9 23.0 26.7 10.4 12.4 9.4 1.4 1.8 0 0 0
Long-Term Investments 5,830.5 6,730.3 6,314.7 6,136.1 5,169.3 3,992.6 3,831.2 3,206.7 3,022.3 2,322.4 1,220.8 1,179.8 842.0 664.7 651.6
Other Non-Current Assets (5,830.5) 243.9 247.9 312.1 188.4 213.3 184.7 146.6 135.0 142.7 53.8 46.9 30.4 34.9 13.2
Total Non-Current Assets 255.2 7,233.6 6,826.0 6,713.3 5,626.6 4,472.5 4,285.9 3,557.9 3,365.1 2,617.8 1,312.3 1,262.5 889.9 716.1 680.6
Total Assets 6,436.6 7,801.1 7,940.5 7,872.5 7,411.9 5,886.6 5,244.4 4,246.7 3,964.3 3,141.2 1,387.0 1,306.9 913.8 757.1 720.1
Current Liabilities
Account Payables 0 11.1 22.2 5.4 2.2 2.7 3.1 2.0 0.9 0.5 1.1 1.9 1.0 0.8 0.9
Short-Term Debt 88.5 89.9 136.0 272.6 130.8 109.5 158.9 193.8 216.8 143.5 0 142.2 82.3 20.2 24.4
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 5,600.7 5,664.9 5,857.8 5,803.0 4,531.1 3,931.0 3,139.4 2,881.0 2,471.2 951.7 841.2 612.2 546.2 489.3
Total Current Liabilities 88.5 5,701.7 5,823.2 6,135.8 5,936.0 4,643.3 4,093.0 3,335.2 3,098.7 2,615.1 952.8 985.3 695.5 567.2 514.5
Non-Current Liabilities
Long-Term Debt 316.0 1,255.6 899.8 742.3 697.5 480.7 447.1 394.4 386.5 181.0 311.9 352.2 162.4 138.3 159.1
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 5,343.9 80.3 498.7 317.1 55.2 70.4 50.7 25.1 22.0 4.2 7.7 (134.0) 5.5 5.7 5.1
Total Non-Current Liabilities 5,659.9 1,335.9 1,398.5 1,059.4 752.7 551.1 497.8 419.5 408.5 185.2 319.6 218.2 167.9 144.1 164.2
Total Liabilities 5,748.4 7,037.6 7,221.7 7,195.1 6,688.7 5,194.4 4,588.3 3,754.7 3,507.2 2,800.3 1,272.4 1,203.5 863.4 710.8 678.7
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 1.1 1.1 1.1 1.0 1.0
Retained Earnings 255.0 436.1 429.0 429.4 363.7 301.4 269.7 224.0 185.6 164.2 73.4 67.8 43.1 37.6 32.4
Accumulated Other Comprehensive Income (26.0) (36.3) (66.6) (106.2) 7.3 27.9 6.4 (8.1) (3.6) (5.6) 5.7 0.6 (0.1) 2.1 2.7
Total Stockholders' Equity 688.3 763.6 718.8 677.4 723.2 692.2 656.0 492.0 457.1 340.9 114.6 103.3 50.4 46.2 41.4
Total Liabilities & Equity 6,436.6 7,801.1 7,940.5 7,872.5 7,411.9 5,886.6 5,244.4 4,246.7 3,964.3 3,141.2 1,387.0 1,306.9 913.8 757.1 720.1
Debt Metrics
Total Debt 404.5 1,345.5 1,035.9 1,014.9 828.3 590.2 606.1 588.2 601.8 324.4 311.9 494.4 244.7 158.2 183.5
Net Debt 337.7 1,051.3 507.3 888.6 230.0 331.5 498.8 514.0 525.4 253.6 243.2 455.7 225.4 120.6 147.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002
Operating Activities
Net Income (150.5) 35.4 28.0 93.4 87.1 68.5 66.5 53.1 33.1 23.9 7.1 6.9 6.5 5.5
Depreciation & Amortization 12.4 12.3 12.0 13.1 13.9 12.3 9.7 6.8 5.9 5.3 2.3 2.2 2.4 1.4
Stock-Based Compensation 1.6 4.6 3.6 2.5 1.8 1.3 0.2 0.3 0.3 0.3 0 0 0 0
Change in Working Capital 8.1 (11.8) 5.0 (24.8) 2.0 (6.4) 97.2 5.1 (2.0) (8.7) (1.4) 8.2 (0.8) 0.6
Other Non-Cash Items 293.1 (17.2) 43.7 8.0 (0.7) 12.6 0.7 7.0 11.7 4.7 3.0 (2.5) 5.4 (2.9)
Operating Cash Flow 79.2 6.4 88.9 94.4 106.3 78.8 174.4 72.3 49.1 25.5 11.2 14.3 13.0 4.0
Investing Activities
Capital Expenditure (5.0) (5.1) (7.8) (6.4) (1.4) (5.9) (4.6) (3.4) (2.7) (1.4) (1.4) (2.6) (2.2) (1.5)
Acquisitions 0 0 0 0 622.2 0 128.7 0 44.2 169.5 (2.9) 0 0 0
Purchases of Investments (591.8) (0.3) (11.7) (610.7) (1,768.7) (590.3) (425.9) (243.1) (181.2) (271.4) (39.1) (171.2) (216.3) (76.9)
Sales/Maturities of Investments 1,528.8 381.5 548.9 142.1 318.3 356.4 256.8 131.7 99.0 300.4 61.2 103.2 105.6 37.1
Other Investing Activities 47.4 (428.9) (199.9) (544.9) 484.9 (238.7) (49.2) (188.9) (238.2) 25.1 (91.5) (121.5) 79.3 (69.8)
Investing Cash Flow 979.5 (52.8) 329.5 (1,019.9) (344.9) (478.5) (94.1) (303.8) (278.9) 222.3 (73.7) (192.0) (33.7) (111.2)
Financing Activities
Net Debt Issuance (950.4) (50.8) 208.8 423.1 168.2 (28.7) (71.0) (13.6) 259.9 (256.0) (42.2) 75.8 (25.3) 43.9
Stock Repurchased 0 0 0 0 (7.6) (19.6) 0 0 0 0 (0.7) 0 0 0
Dividends Paid (29.5) (28.3) (28.3) (27.8) (24.8) (21.2) (20.8) (15.4) (11.7) (8.4) (1.7) (1.5) (1.3) (1.2)
Other Financing Activities (326.7) (106.2) (195.9) 60.2 446.5 619.9 50.3 258.4 (13.4) 46.6 126.2 66.0 56.9 81.7
Financing Cash Flow (1,212.7) (186.7) (15.4) 455.5 582.3 550.5 (39.9) 230.0 236.4 (229.8) 83.5 150.5 30.5 124.3
Cash Position
Net Change in Cash (154.0) (233.1) 403.0 (470.0) 343.8 150.9 40.3 (1.5) 6.6 18.1 21.0 (27.2) 9.8 17.1
Cash at Beginning 293.4 526.5 123.5 593.5 249.7 98.8 58.5 60.0 53.4 35.3 18.3 45.5 35.7 18.6
Cash at End 139.5 293.4 526.5 123.5 593.5 249.7 98.8 58.5 60.0 53.4 39.2 18.3 45.5 35.7
Free Cash Flow 74.3 1.3 81.2 88.0 104.9 72.9 169.8 68.9 46.4 24.2 9.8 11.7 10.8 2.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Income Statement
Revenue 103.2 355.4 319.3 278.1 246.6 254.4 242.8 194.2 156.6 136.4 111.6 97.7 96.1 95.6 80.9 85.2 90.5 84.1 87.3 78.8 66.7 53.7 52.7 51.5
Gross Profit (30.4) 182.1 180.3 243.4 230.3 199.2 193.2 159.7 137.8 114.0 94.6 81.4 80.7 77.7 59.1 52.8 49.0 43.6 42.0 40.8 39.2 35.1 33.9 31.8
Operating Income (199.5) 27.4 39.0 105.6 102.4 78.4 79.8 63.6 48.0 32.7 27.8 24.3 26.9 28.0 17.0 13.4 11.2 10.8 10.9 10.3 10.0 9.4 9.2 8.4
Net Income (150.5) 35.4 28.0 93.4 87.1 68.5 66.5 53.1 33.1 23.9 20.5 18.1 19.9 19.5 12.8 10.5 9.1 9.0 8.1 7.5 7.1 6.9 6.5 5.7
EPS (Diluted) -3.15 0.80 0.64 2.14 1.98 1.55 1.53 1.38 0.95 0.79 0.84 0.84 0.96 1.02 0.67 0.54 0.47 0.54 0.50 0.46 0.44 0.44 0.41 0.24
Balance Sheet
Cash & Equivalents 66.8 294.2 526.5 126.3 598.3 258.7 107.3 74.2 76.4 70.8 68.7 38.7 19.2 37.6 36.0
Total Assets 6,436.6 7,801.1 7,940.5 7,872.5 7,411.9 5,886.6 5,244.4 4,246.7 3,964.3 3,141.2 1,387.0 1,306.9 913.8 757.1 720.1
Total Debt 404.5 1,345.5 1,035.9 1,014.9 828.3 590.2 606.1 588.2 601.8 324.4 311.9 494.4 244.7 158.2 183.5
Stockholders' Equity 688.3 763.6 718.8 677.4 723.2 692.2 656.0 492.0 457.1 340.9 114.6 103.3 50.4 46.2 41.4
Cash Flow
Operating Cash Flow 79.2 6.4 88.9 94.4 106.3 78.8 174.4 72.3 49.1 25.5 11.2 14.3 13.0 4.0
Capital Expenditure (5.0) (5.1) (7.8) (6.4) (1.4) (5.9) (4.6) (3.4) (2.7) (1.4) (1.4) (2.6) (2.2) (1.5)
Free Cash Flow 74.3 1.3 81.2 88.0 104.9 72.9 169.8 68.9 46.4 24.2 9.8 11.7 10.8 2.5