HBNC - Horizon Bancorp Inc-IN Stock Price, Fair Value and News

11.39USD+0.10 (+0.89%)Market Closed

Market Summary

USD11.39+0.10

Market Closed

0.89%

HBNC Stock Price

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HBNC RSI Chart

HBNC Valuation

Market Cap

502.4M

Price/Earnings (Trailing)

17.96

Price/Sales (Trailing)

1.61

EV/EBITDA

-0.11

Price/Free Cashflow

6.19

HBNC Price/Sales (Trailing)

HBNC Profitability

EBT Margin

12.49%

Return on Equity

3.89%

Return on Assets

0.35%

Free Cashflow Yield

16.15%

HBNC Fundamentals

HBNC Revenue

Revenue (TTM)

312.3M

Rev. Growth (Yr)

24.3%

Rev. Growth (Qtr)

4.23%

HBNC Earnings

Earnings (TTM)

28.0M

Earnings Growth (Yr)

-219.14%

Earnings Growth (Qtr)

-255.6%

Breaking Down HBNC Revenue

Last 7 days

-0.7%

Last 30 days

-4.1%

Last 90 days

-15.4%

Trailing 12 Months

6.2%

How does HBNC drawdown profile look like?

HBNC Financial Health

HBNC Investor Care

Dividend Yield

5.62%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

1.22%

Diluted EPS (TTM)

0.65

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	257.1M	277.3M	296.0M	312.3M
2022	203.1M	212.3M	223.0M	236.0M
2021	201.3M	198.4M	199.1M	200.0M
2020	214.6M	211.1M	205.5M	205.4M
2019	172.1M	185.2M	198.7M	208.3M
2018	139.1M	149.0M	159.2M	166.2M
2017	111.8M	118.0M	121.1M	128.5M
2016	92.0M	95.5M	100.9M	106.5M
2015	79.8M	80.8M	84.6M	88.6M
2014	71.9M	72.1M	73.9M	76.2M
2013	75.1M	78.6M	77.9M	74.9M
2012	66.0M	66.8M	69.5M	72.5M
2011	67.8M	66.7M	64.8M	64.6M
2010	0	71.3M	69.9M	68.5M
2009	0	0	0	72.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Horizon Bancorp Inc-IN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	dwight craig m	sold (taxes)	-135,930	12.66	-10,737	chief executive officer
Mar 19, 2024	dwight craig m	sold (taxes)	-	-	-4,685	chief executive officer
Mar 19, 2024	dwight craig m	acquired	-	-	11,274	chief executive officer
Mar 19, 2024	deruiter kathie a	sold (taxes)	-	-	-1,959	executive vice president
Mar 19, 2024	etzler todd a.	sold (taxes)	-	-	-1,598	executive vice president & gc
Mar 19, 2024	deruiter kathie a	acquired	-	-	2,261	executive vice president
Mar 19, 2024	prame thomas m	acquired	-	-	9,259	president
Mar 19, 2024	etzler todd a.	acquired	-	-	1,838	executive vice president & gc
Mar 19, 2024	deruiter kathie a	acquired	-	-	4,407	executive vice president
Mar 19, 2024	etzler todd a.	acquired	-	-	3,654	executive vice president & gc

Which funds bought or sold HBNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	Hennion & Walsh Asset Management, Inc.	sold off	-100	-322,619	-	-%
Apr 16, 2024	Indiana Trust & Investment Management CO	reduced	-1.52	-132,224	997,379	0.40%
Apr 16, 2024	Capital Asset Advisory Services LLC	added	46.72	33,168	184,568	0.01%
Apr 11, 2024	Fortitude Family Office, LLC	new	-	2,489	2,489	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-15.55	-541	2,579	-%
Apr 05, 2024	CWM, LLC	added	3.93	-1,000	2,000	-%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-1,858	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	2.55	8,724,690	32,049,700	-%
Mar 08, 2024	TRUST CO OF VERMONT	unchanged	-	1,634	6,440	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	77.46	6,079,210	10,491,600	-%

Are Funds Buying or Selling HBNC?

Are funds buying HBNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HBNC

No. of Funds

Unveiling Horizon Bancorp Inc-IN's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.08%	2,239,674	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	4.4%	1,955,694	SC 13G/A
Jan 23, 2024	blackrock inc.	14.0%	6,182,984	SC 13G/A
Apr 06, 2023	blackrock inc.	11.0%	4,805,632	SC 13G/A
Apr 03, 2023	william nathan salin family irrevocable trust #1	0%	0	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.7%	2,486,153	SC 13G
Feb 09, 2023	vanguard group inc	5.27%	2,315,373	SC 13G/A
Jan 24, 2023	blackrock inc.	9.5%	4,169,864	SC 13G
Feb 10, 2022	vanguard group inc	5.01%	2,179,293	SC 13G
Feb 01, 2022	blackrock inc.	7.2%	3,148,490	SC 13G/A

Recent SEC filings of Horizon Bancorp Inc-IN

View All Filings

Date Filed	Form Type	Document
Apr 01, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading

Peers (Alternatives to Horizon Bancorp Inc-IN)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	522.1B	171.1B	-6.46%	28.36%	10.54	3.05	60.72%	31.52%
BAC	281.5B	130.3B	-0.75%	18.96%	10.62	2.16	79.51%	-3.68%
WFC	210.3B	85.7B	3.10%	39.16%	10.99	2.45	41.49%	39.96%
C	111.5B	133.3B	-0.93%	15.69%	12.08	0.84	79.09%	-
CFG	15.1B	10.2B	-1.88%	7.84%	9.38	1.48	44.53%	-22.43%
KEY	13.4B	7.9B	-0.76%	16.16%	13.89	1.69	46.47%	-49.56%
MID-CAP
CMA	6.7B	4.2B	1.60%	7.60%	7.62	1.61	56.25%	-23.46%
ZION	5.8B	3.9B	-1.36%	19.93%	8.55	1.47	45.91%	-25.03%
ABCB	3.1B	1.3B	-2.95%	27.92%	11.48	2.41	43.24%	-22.35%
ASB	3.0B	2.0B	-1.33%	8.51%	16.53	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	393.0M	164.9M	-4.83%	27.38%	33.6	2.38	42.66%	-70.76%
AROW	361.7M	162.6M	-7.65%	-5.53%	12.03	2.22	25.39%	-38.37%
ACNB	269.1M	96.6M	-9.91%	0.13%	8.49	2.78	11.02%	-11.37%
ASRV	44.8M	60.9M	9.21%	-17.67%	-13.38	0.74	24.06%	-144.92%

Horizon Bancorp Inc-IN News

Latest updates

Horizon Bancorp Inc-IN Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.2%	84.00	80.00	77.00	72.00	67.00	61.00	57.00	51.00	54.00	51.00	47.00	48.00	53.00	50.00	50.00	52.00	53.00	56.00	54.00	45.00	44.00
EBITDA Margin	-19.9%	0.74*	0.93*	1.06*	1.19*	1.34*	1.43*	1.48*	1.49*	1.47*	1.43*	1.41*	1.34*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.4%	42.00	42.00	46.00	45.00	49.00	52.00	52.00	47.00	50.00	47.00	43.00	43.00	44.00	43.00	43.00	41.00	42.00	43.00	42.00	34.00	34.00
Income Taxes	399.9%	6.00	1.00	1.00	2.00	3.00	2.00	4.00	4.00	4.00	4.00	4.00	3.00	2.00	4.00	2.00	2.00	4.00	4.00	3.00	2.00	3.00
Earnings Before Taxes	-207.5%	-18.80	17.00	20.00	20.00	24.00	26.00	29.00	27.00	26.00	27.00	26.00	24.00	24.00	25.00	17.00	13.00	22.00	25.00	20.00	13.00	16.00
EBT Margin	-54.7%	0.12*	0.28*	0.32*	0.38*	0.45*	0.48*	0.51*	0.52*	0.51*	0.51*	0.50*	0.44*	-	-	-	-	-	-	-	-	-
Net Income	-255.6%	-25.21	16.00	19.00	18.00	21.00	24.00	25.00	24.00	21.00	23.00	22.00	20.00	22.00	20.00	15.00	12.00	19.00	21.00	17.00	11.00	13.00
Net Income Margin	-64.3%	0.09*	0.25*	0.30*	0.34*	0.40*	0.42*	0.44*	0.44*	0.44*	0.44*	0.43*	0.38*	-	-	-	-	-	-	-	-	-
Free Cashflow	-52.4%	14.00	29.00	14.00	25.00	10.00	26.00	25.00	27.00	16.00	27.00	26.00	32.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.2%	7,940	7,959	7,963	7,898	7,873	7,719	7,641	7,420	7,412	7,534	6,109	6,056	5,000	5,887	5,790	5,739	5,351	5,247	5,187	5,099	5,052
Cash Equivalents	200.6%	527	175	229	135	124	110	109	121	594	972	304	529	-	250	99.00	170	86.00	99.00	91.00	95.00	86.00
Net PPE	-0.1%	95.00	95.00	95.00	92.00	93.00	92.00	94.00	93.00	93.00	94.00	89.00	92.00	-	92.00	92.00	92.00	93.00	92.00	93.00	91.00	94.00
Goodwill	0.0%	155	155	155	155	155	155	155	155	155	4.00	151	151	-	151	151	151	151	151	151	151	31.00
Liabilities	-0.6%	7,222	7,266	7,254	7,195	7,195	7,074	6,983	6,743	6,689	6,826	5,399	5,366	-	5,194	5,120	5,087	4,720	4,591	4,544	4,472	4,442
Shareholder's Equity	3.7%	719	693	709	703	677	645	658	677	723	709	710	689	-	692	670	652	631	656	643	626	609
Retained Earnings	-7.0%	429	461	452	441	429	415	399	381	364	349	333	316	-	301	285	270	261	270	257	242	230
Additional Paid-In Capital	0.3%	356	355	355	354	354	353	352	352	352	352	359	363	-	363	362	361	361	380	379	381	379
Shares Outstanding	0.0%	44.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	441	-	-	-	733	-	-	-	684	-	-	-	-	418	-	-	-	633	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-49.8%	14,980	29,842	18,803	25,311	11,421	27,510	27,256	28,193	17,531	28,041	27,407	33,371	16,027	22,003	12,651	28,177	9,827	30,213	22,766	111,566	7,647
Share Based Compensation	-0.5%	939	944	945	758	692	627	627	529	531	462	464	362	1,233	28.00	27.00	50.00	50.00	50.00	58.00	57.00	44.00
Cashflow From Investing	639.9%	385,266	-71,357	35,099	-19,490	-112,310	-93,685	-256,941	-556,996	-203,917	71,385	-264,904	52,583	71,370	-121,302	-286,477	-142,049	-45,262	-93,722	-31,647	76,486	-81,672
Cashflow From Financing	-296.2%	-48,868	-12,334	40,362	5,396	114,735	66,986	217,579	56,249	-191,923	568,220	12,332	193,671	63,188	28,290	357,503	101,499	42,987	60,102	17,436	-160,413	79,811
Dividend Payments	-0.5%	7,055	7,089	7,110	7,057	7,057	7,061	7,042	6,605	6,626	6,637	5,744	5,761	5,309	5,326	5,291	5,257	5,422	5,439	5,450	4,524	3,851
Buy Backs	-	-	-	-	-	-	-	-	-	-	7,607	-	-	-	-	-	19,636	-	1,595	-	-	-

HBNC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Loans receivable	$ 244,544	$ 173,500	$ 155,732
Investment securities – taxable	34,410	33,202	14,437
Investment securities – tax exempt	28,384	29,025	23,246
Other	4,967	306	695
Total interest income	312,305	236,033	194,110
Interest Expense
Deposits	85,857	17,809	7,867
Borrowed funds	42,478	12,465	4,701
Subordinated notes	3,511	3,522	3,522
Junior subordinated debentures issued to capital trusts	4,715	2,719	2,215
Total interest expense	136,561	36,515	18,305
Net Interest Income	175,744	199,518	175,805
Credit loss expense (recovery)	2,459	(1,816)	(2,084)
Net Interest Income after Credit Loss Expense (Recovery)	173,285	201,334	177,889
Non–interest Income
Service charges on deposit accounts	12,227	11,598	9,192
Wire transfer fees	448	595	892
Interchange fees	12,861	12,402	10,901
Fiduciary activities	5,080	5,381	7,419
Gains (losses) on sale of investment securities	(32,052)	0	914
Gain on sale of mortgage loans	4,323	7,165	19,163
Mortgage servicing income net of impairment	2,708	4,800	2,352
Increase in cash value of bank owned life insurance	3,709	2,594	2,094
Death benefit on bank owned life insurance	0	644	783
Other income	2,694	2,272	4,242
Total non–interest income	11,998	47,451	57,952
Non–interest Expense
Salaries and employee benefits	80,809	80,283	74,051
Net occupancy expenses	13,355	13,323	12,541
Data processing	11,626	10,567	9,962
Professional fees	2,645	1,843	2,216
Outside services and consultants	9,942	10,850	8,449
Loan expense	4,980	5,411	5,492
FDIC insurance expense	3,880	2,558	2,377
Amortization of Intangible Assets	3,612	3,702	3,644
Other losses	1,051	1,046	2,283
Other expense	14,384	13,618	12,379
Total non–interest expense	146,284	143,201	133,394
Income Before Income Taxes	38,999	105,584	102,447
Income tax expense	11,018	12,176	15,356
Net Income Available to Common Shareholders	$ 27,981	$ 93,408	$ 87,091
Basic earnings per share (in USD per share)	$ 0.64	$ 2.14	$ 1.99
Diluted earnings per share (in USD per share)	$ 0.64	$ 2.14	$ 1.98

HBNC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 526,515	$ 123,505
Interest-earning time deposits	2,205	2,812
Investment securities, available for sale	547,251	997,558
Investment securities, held to maturity (fair value of $1,668,758 and $1,681,309)	1,945,638	2,022,748
Loans held for sale	1,418	5,807
Loans, net of allowance for credit losses of $50,029 and $50,464	4,367,601	4,107,534
Premises and equipment, net	94,583	92,677
Federal Home Loan Bank stock	34,509	26,677
Goodwill	155,211	155,211
Other intangible assets	13,626	17,239
Interest receivable	38,710	35,294
Cash value of life insurance	36,157	146,175
Other assets	177,061	139,281
Total assets	7,940,485	7,872,518
Deposits
Non–interest bearing	1,116,005	1,277,768
Interest bearing	4,548,888	4,580,006
Total deposits	5,664,893	5,857,774
Borrowings	1,353,050	1,142,949
Subordinated notes	55,543	58,896
Junior subordinated debentures issued to capital trusts	57,258	57,027
Interest payable	22,249	5,380
Other liabilities	68,680	73,117
Total liabilities	7,221,673	7,195,143
Commitments and contingent liabilities
Stockholders’ Equity
Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares	0	0
Common stock, no par value, authorized 99,000,000 shares issued and outstanding 0 and 43,937,889 shares	0	0
Additional paid-in capital	356,400	354,188
Retained earnings	429,021	429,385
Accumulated other comprehensive income (loss)	(66,609)	(106,198)
Total stockholders’ equity	718,812	677,375
Total liabilities and stockholders’ equity	$ 7,940,485	$ 7,872,518

About Horizon Bancorp Inc-IN

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 saving, money market, and time deposits, as well as non-interest and interest bearing demand 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; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; individual retirement accounts; and sells various insurance products. It operates through 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.

CEO	Mr. Thomas M. Prame
WEBSITE	horizonbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	852

Horizon Bancorp Inc-IN Frequently Asked Questions

What is the ticker symbol for Horizon Bancorp Inc-IN? What does HBNC stand for in stocks?

HBNC is the stock ticker symbol of Horizon Bancorp Inc-IN. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Horizon Bancorp Inc-IN (HBNC)?

As of Thu Apr 18 2024, market cap of Horizon Bancorp Inc-IN is 502.43 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HBNC stock?

You can check HBNC's fair value in chart for subscribers.

What is the fair value of HBNC stock?

You can check HBNC's fair value in chart for subscribers. The fair value of Horizon Bancorp Inc-IN is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Horizon Bancorp Inc-IN is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HBNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Horizon Bancorp Inc-IN a good stock to buy?

The fair value guage provides a quick view whether HBNC is over valued or under valued. Whether Horizon Bancorp Inc-IN is cheap or expensive depends on the assumptions which impact Horizon Bancorp Inc-IN's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HBNC.

What is Horizon Bancorp Inc-IN's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, HBNC's PE ratio (Price to Earnings) is 17.96 and Price to Sales (PS) ratio is 1.61. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HBNC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Horizon Bancorp Inc-IN's stock?

In the past 10 years, Horizon Bancorp Inc-IN has provided 0.042 (multiply by 100 for percentage) rate of return.