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Horizon Bancorp, Inc.NasdaqGS:HBNC Stock Report

Market Cap US$888.8m
Share Price
US$17.61
US$20.8
15.3% undervalued intrinsic discount
1Y35.4%
7D5.1%
Portfolio Value
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Horizon Bancorp, Inc.

NasdaqGS:HBNC Stock Report

Market Cap: US$888.8m

Horizon Bancorp (HBNC) Stock Overview

Operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. More details

HBNC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 63% below our estimate of its fair value

Earnings are forecast to grow 107.21% per year

Risk Analysis

Makes less than USD$1m in revenue ($-29M)

Shareholders have been diluted in the past year

Dividend of 3.63% is either not well covered by earnings currently or not forecast to be covered


HBNC Community Fair Values

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See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Horizon Bancorp, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Horizon Bancorp
Historical stock prices
Current Share PriceUS$17.61
52 Week HighUS$19.07
52 Week LowUS$12.70
Beta0.80
1 Month Change8.91%
3 Month Change3.41%
1 Year Change35.36%
3 Year Change58.65%
5 Year Change-5.48%
Change since IPO2,068.53%

Recent News & Updates

Recent updates

Horizon Bancorp: Interest Margin Inflection Makes Shares Attractive

Jan 27

Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16

Dec 21
Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16

Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16

Oct 02
Horizon Bancorp (NASDAQ:HBNC) Is Paying Out A Dividend Of $0.16

Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16

Jul 02
Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16

Horizon Bancorp: Attractive Ahead Of Q1 Earnings

Apr 10

Horizon Bancorp Appears Undervalued With A Positive Earnings Outlook

Mar 29

Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16

Mar 22
Horizon Bancorp (NASDAQ:HBNC) Is Due To Pay A Dividend Of $0.16

Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16

Sep 24
Horizon Bancorp (NASDAQ:HBNC) Will Pay A Dividend Of $0.16
User avatar

John Stewart's Arrival And Calculated Finance Overhaul To Spearhead Revenue Surge And Margin Expansion

Strengthening financial strategy with a new CFO and expanding loan portfolio could notably enhance Horizon Bancorp's revenue growth and profitability.

Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings Outlook

May 03

Horizon Bancorp: All In All, A Positive Q4 2023

Jan 31

Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's

Mar 28
Horizon Bancorp's (NASDAQ:HBNC) Upcoming Dividend Will Be Larger Than Last Year's

Shareholder Returns

HBNCUS BanksUS Market
7D5.1%4.6%3.0%
1Y35.4%35.8%25.7%

Return vs Industry: HBNC matched the US Banks industry which returned 35.8% over the past year.

Return vs Market: HBNC exceeded the US Market which returned 25.7% over the past year.

Price Volatility

Is HBNC's price volatile compared to industry and market?
HBNC volatility
HBNC Average Weekly Movement4.3%
Banks Industry Average Movement3.8%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.3%

Stable Share Price: HBNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HBNC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1873478Thomas Pramewww.horizonbank.com

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions.

Horizon Bancorp, Inc. Fundamentals Summary

How do Horizon Bancorp's earnings and revenue compare to its market cap?
HBNC fundamental statistics
Market capUS$888.77m
Earnings (TTM)-US$150.48m
Revenue (TTM)n/a
1.3x
P/B Ratio
-31.3x
P/S Ratio

Is HBNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HBNC income statement (TTM)
Revenue-US$28.86m
Cost of RevenueUS$0
Gross Profit-US$28.86m
Other ExpensesUS$121.62m
Earnings-US$150.48m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Apr 22, 2026

Earnings per share (EPS)-2.94
Gross Margin100.00%
Net Profit Margin521.38%
Debt/Equity Ratio60.8%

How did HBNC perform over the long term?

See historical performance and comparison

Dividends

3.6%
Current Dividend Yield
-20%
Payout Ratio

Does HBNC pay a reliable dividends?

See HBNC dividend history and benchmarks
When do you need to buy HBNC by to receive an upcoming dividend?
Horizon Bancorp dividend dates
Ex Dividend DateApr 02 2026
Dividend Pay DateApr 17 2026
Days until Ex dividend8 days
Days until Dividend pay date7 days

Does HBNC pay a reliable dividends?

See HBNC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/09 22:55
End of Day Share Price 2026/04/09 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Horizon Bancorp, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian MartinBrean Capital Historical (Janney Montgomery)
Brendan NosalHovde Group, LLC
Damon DelMonteKeefe, Bruyette, & Woods