HBNC · Horizon Bancorp Inc /In/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $10.30M | $10.33M | $10.94M | $10.75M | $11.17M | $10.59M |
| Operating Income | ($201.15M) | $27.35M | $39.00M | $105.58M | $102.45M | $78.37M |
| Interest Expense | - | - | $136.56M | $36.52M | $18.30M | $34.44M |
| Income Tax | ($50.67M) | ($8.08M) | $11.02M | $12.18M | $15.36M | $9.87M |
| Net Income | ($150.48M) | $35.43M | $27.98M | $93.41M | $87.09M | $68.50M |
| EPS - Basic | ($3.24) | $0.81 | $0.64 | $2.14 | $1.99 | $1.56 |
| EPS - Diluted | ($3.24) | $0.80 | $0.64 | $2.14 | $1.98 | $1.55 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $139.46M | $293.43M | $526.51M | $98.83M | $593.51M | $249.71M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.44B | $7.80B | $7.94B | $7.87B | $7.37B | $5.89B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $248.59M | $1.23B | $1.35B | $1.14B | $475.00M | - |
| Total Liabilities | $5.75B | $7.04B | $7.22B | $7.20B | $6.65B | $5.19B |
| Stockholders' Equity | $688.25M | $763.58M | $718.81M | $677.38M | $723.21M | $692.22M |
| Retained Earnings | $255.00M | $436.12M | $429.02M | $429.38M | $363.74M | $301.42M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $79.23M | $6.37M | $88.94M | $94.38M | $105.35M | $78.77M |
| Investing Cash Flow | $979.48M | ($52.78M) | $329.52M | ($1.02B) | ($363.08M) | ($492.32M) |
| Financing Cash Flow | ($1.21B) | ($186.68M) | ($15.44M) | $455.55M | $601.52M | $564.44M |
| CapEx | $4.96M | $5.08M | $7.78M | $6.43M | $1.44M | $5.87M |
| Free Cash Flow | $74.28M | $1.28M | $81.16M | $87.95M | $103.91M | $72.90M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | -0.49 | 0.04 | 2.90 | 0.94 | 1.19 | 1.06 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | -29.5% | 28.3% | 11.5% | 15.0% | 12.6% |
| Return on assets | -2.3% | 0.5% | 0.4% | 1.2% | 1.2% | 1.2% |
| Return on equity | -21.9% | 4.6% | 3.9% | 13.8% | 12.0% | 9.9% |
| Return on invested capital | -17.0% | 1.4% | 1.4% | 5.1% | 7.3% | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.36 | 1.61 | 1.88 | 1.69 | 0.66 | - |
| Debt / Assets | 0.04 | 0.16 | 0.17 | 0.15 | 0.06 | - |
| Debt / EBITDA | - | 32.70 | 27.10 | 9.82 | 4.18 | - |
| Interest coverage | - | - | 0.3x | 2.9x | 5.6x | 2.3x |
| Equity multiplier | 9.35 | 10.22 | 11.05 | 11.62 | 10.20 | 8.50 |
| Liabilities / Assets | 0.89 | 0.90 | 0.91 | 0.91 | 0.90 | 0.88 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 20.1x | 22.4x | 7.0x | 10.5x | 10.2x |
| P / B | 1.1x | 0.9x | 0.9x | 1.0x | 1.3x | 1.0x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | 43.8x | 29.1x | 14.6x | 7.0x | 5.1x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -29.9% | -63.1% | 3.1% | 30.7% | -1.8% |
| Net income growth (YoY) | - | 26.6% | -70.0% | 7.3% | 27.1% | 2.9% |
| EPS growth (YoY) | - | 25.0% | -70.1% | 8.1% | 27.7% | 1.3% |
| EPS CAGR (3y) | - | -26.1% | -25.5% | 11.8% | 12.8% | 2.7% |
| EPS CAGR (5y) | - | -12.2% | -14.2% | 8.4% | 10.7% | -3.9% |
| FCF growth (YoY) | 5684.7% | -98.4% | -7.7% | -15.4% | 42.5% | -57.2% |
| FCF CAGR (5y) | 0.4% | -62.4% | 29.7% | 13.7% | 33.9% | 19.7% |
| Book value growth (YoY) | -9.9% | 6.2% | 6.1% | -6.3% | 4.5% | 5.5% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: State Commercial Banks
Comparing HORIZON BANCORP INC /IN/ against the 5 most active filers in the same SIC group.
Dividends
$0.64/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.1600 |
| Jan 2, 2026 | $0.1600 |
| Oct 3, 2025 | $0.1600 |
| Jul 3, 2025 | $0.1600 |
| Apr 4, 2025 | $0.1600 |
| Jan 3, 2025 | $0.1600 |
| Oct 4, 2024 | $0.1600 |
| Jul 5, 2024 | $0.1600 |
| Apr 4, 2024 | $0.1600 |
| Jan 4, 2024 | $0.1600 |
| Oct 5, 2023 | $0.1600 |
| Jul 6, 2023 | $0.1600 |
| Apr 5, 2023 | $0.1600 |
| Jan 5, 2023 | $0.1600 |
| Oct 6, 2022 | $0.1600 |
| Jul 7, 2022 | $0.1600 |
| Apr 7, 2022 | $0.1500 |
| Jan 6, 2022 | $0.1500 |
| Oct 7, 2021 | $0.1500 |
| Jul 1, 2021 | $0.1300 |
| Mar 31, 2021 | $0.1300 |
| Jan 7, 2021 | $0.1200 |
| Oct 1, 2020 | $0.1200 |
| Jul 1, 2020 | $0.1200 |