Horizon Bancorp, Inc. Logo

Horizon Bancorp, Inc.

HBNC

(3.0)
Stock Price

16,48 USD

0.25% ROA

2.89% ROE

33.31x PER

Market Cap.

636.885.297,00 USD

219.98% DER

4.39% Yield

6.74% NPM

Horizon Bancorp, Inc. Stock Analysis

Horizon Bancorp, Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Horizon Bancorp, Inc. Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.71x), the stock offers substantial upside potential at a bargain price.

2 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

3 Dividend Growth

Investors can take confidence in the company's impressive track record of annual dividend growth over the last five years, showcasing a commitment to rewarding shareholders.

4 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

5 ROE

ROE in an average range (10.69%) suggests satisfactory profitability and decent utilization of shareholders' equity.

6 ROA

The stock's ROA (0.95%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

7 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

8 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (37) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

9 DER

The stock is burdened with a heavy load of debt (212%), making it financially unstable and potentially risky for investors.

10 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

11 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

Horizon Bancorp, Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Horizon Bancorp, Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Horizon Bancorp, Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Horizon Bancorp, Inc. Revenue
Year Revenue Growth
1995 3.987.000
1996 5.816.000 31.45%
1997 6.316.000 7.92%
1998 6.453.000 2.12%
1999 6.982.000 7.58%
2000 25.510.000 72.63%
2001 29.328.000 13.02%
2002 33.402.000 12.2%
2003 35.291.000 5.35%
2004 36.091.000 2.22%
2005 40.686.000 11.29%
2006 41.682.000 2.39%
2007 45.079.000 7.54%
2008 51.181.000 11.92%
2009 62.625.000 18.27%
2010 67.522.000 7.25%
2011 68.412.000 1.3%
2012 81.261.000 15.81%
2013 82.621.000 1.65%
2014 84.490.000 2.21%
2015 99.757.000 15.3%
2016 118.384.000 15.73%
2017 140.266.000 15.6%
2018 162.641.000 13.76%
2019 195.216.000 16.69%
2020 219.933.000 11.24%
2021 228.265.000 3.65%
2022 241.558.000 5.5%
2023 211.200.000 -14.37%
2023 324.379.000 34.89%
2024 390.000.000 16.83%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Horizon Bancorp, Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1995 0
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Horizon Bancorp, Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1995 8.364.000
1996 8.671.000 3.54%
1997 8.316.000 -4.27%
1998 9.439.000 11.9%
1999 9.017.000 -4.68%
2000 9.115.000 1.08%
2001 11.801.000 22.76%
2002 12.752.000 7.46%
2003 13.948.000 8.57%
2004 14.767.000 5.55%
2005 16.518.000 10.6%
2006 16.433.000 -0.52%
2007 17.154.000 4.2%
2008 16.749.000 -2.42%
2009 26.994.000 37.95%
2010 30.552.000 11.65%
2011 31.428.000 2.79%
2012 34.521.000 8.96%
2013 37.578.000 8.14%
2014 40.770.000 7.83%
2015 49.197.000 17.13%
2016 58.802.000 16.33%
2017 65.353.000 10.02%
2018 70.154.000 6.84%
2019 82.090.000 14.54%
2020 89.455.000 8.23%
2021 94.839.000 5.68%
2022 82.841.000 -14.48%
2023 85.432.000 3.03%
2023 84.689.000 -0.88%
2024 87.592.000 3.31%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Horizon Bancorp, Inc. EBITDA
Year EBITDA Growth
1995 15.210.000
1996 18.263.000 16.72%
1997 16.612.000 -9.94%
1998 16.121.000 -3.05%
1999 17.495.000 7.85%
2000 30.444.000 42.53%
2001 29.163.000 -4.39%
2002 28.027.000 -4.05%
2003 28.958.000 3.22%
2004 29.183.000 0.77%
2005 38.285.000 23.77%
2006 50.168.000 23.69%
2007 55.526.000 9.65%
2008 46.040.000 -20.6%
2009 42.113.000 -9.32%
2010 38.538.000 -9.28%
2011 38.315.000 -0.58%
2012 45.186.000 15.21%
2013 43.783.000 -3.2%
2014 41.257.000 -6.12%
2015 45.787.000 9.89%
2016 58.525.000 21.77%
2017 70.272.000 16.72%
2018 101.972.000 31.09%
2019 89.529.000 -13.9%
2020 88.958.000 -0.64%
2021 113.616.000 21.7%
2022 155.198.000 26.79%
2023 69.956.000 -121.85%
2023 38.999.000 -79.38%
2024 -8.636.000 551.59%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Horizon Bancorp, Inc. Gross Profit
Year Gross Profit Growth
1995 3.987.000
1996 5.816.000 31.45%
1997 6.316.000 7.92%
1998 6.453.000 2.12%
1999 6.982.000 7.58%
2000 25.510.000 72.63%
2001 29.328.000 13.02%
2002 33.402.000 12.2%
2003 35.291.000 5.35%
2004 36.091.000 2.22%
2005 40.686.000 11.29%
2006 41.682.000 2.39%
2007 45.079.000 7.54%
2008 51.181.000 11.92%
2009 62.625.000 18.27%
2010 67.522.000 7.25%
2011 68.412.000 1.3%
2012 81.261.000 15.81%
2013 82.621.000 1.65%
2014 84.490.000 2.21%
2015 99.757.000 15.3%
2016 118.384.000 15.73%
2017 140.266.000 15.6%
2018 162.641.000 13.76%
2019 195.216.000 16.69%
2020 219.933.000 11.24%
2021 228.265.000 3.65%
2022 241.558.000 5.5%
2023 211.200.000 -14.37%
2023 324.303.000 34.88%
2024 389.864.000 16.82%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Horizon Bancorp, Inc. Net Profit
Year Net Profit Growth
1995 3.039.000
1996 3.824.000 20.53%
1997 1.721.000 -122.2%
1998 1.083.000 -58.91%
1999 -354.000 405.93%
2000 3.783.000 109.36%
2001 4.125.000 8.29%
2002 5.693.000 27.54%
2003 6.534.000 12.87%
2004 6.935.000 5.78%
2005 7.091.000 2.2%
2006 7.484.000 5.25%
2007 8.140.000 8.06%
2008 8.972.000 9.27%
2009 9.140.000 1.84%
2010 10.455.000 12.58%
2011 12.797.000 18.3%
2012 19.543.000 34.52%
2013 19.876.000 1.68%
2014 18.101.000 -9.81%
2015 20.549.000 11.91%
2016 23.912.000 14.06%
2017 33.117.000 27.8%
2018 53.117.000 37.65%
2019 66.538.000 20.17%
2020 68.499.000 2.86%
2021 87.091.000 21.35%
2022 93.408.000 6.76%
2023 64.820.000 -44.1%
2023 27.981.000 -131.66%
2024 56.560.000 50.53%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Horizon Bancorp, Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1995 0
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 1 0%
2008 1 0%
2009 0 0%
2010 1 0%
2011 1 0%
2012 1 100%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 2 0%
2020 2 0%
2021 2 0%
2022 2 50%
2023 1 -100%
2023 1 0%
2024 1 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Horizon Bancorp, Inc. Free Cashflow
Year Free Cashflow Growth
1995 3.887.000
1996 5.043.000 22.92%
1997 165.000 -2956.36%
1998 -816.000 120.22%
1999 15.213.000 105.36%
2000 1.276.000 -1092.24%
2001 3.269.000 60.97%
2002 2.479.000 -31.87%
2003 11.088.000 77.64%
2004 11.321.000 2.06%
2005 9.795.000 -15.58%
2006 -4.885.000 300.51%
2007 14.979.000 132.61%
2008 13.442.000 -11.43%
2009 10.646.000 -26.26%
2010 22.462.000 52.6%
2011 19.910.000 -12.82%
2012 19.362.000 -2.83%
2013 40.647.000 52.37%
2014 11.410.000 -256.24%
2015 29.608.000 61.46%
2016 24.165.000 -22.52%
2017 46.375.000 47.89%
2018 69.006.000 32.8%
2019 170.340.000 59.49%
2020 72.899.000 -133.67%
2021 103.908.000 29.84%
2022 87.951.000 -18.14%
2023 73.669.000 -19.39%
2023 1.960 -3758522.45%
2024 16.072.000 99.99%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Horizon Bancorp, Inc. Operating Cashflow
Year Operating Cashflow Growth
1995 5.554.000
1996 9.107.000 39.01%
1997 3.900.000 -133.51%
1998 2.607.000 -49.6%
1999 17.283.000 84.92%
2000 1.927.000 -796.89%
2001 3.814.000 49.48%
2002 3.968.000 3.88%
2003 13.298.000 70.16%
2004 13.980.000 4.88%
2005 11.216.000 -24.64%
2006 -1.009.000 1211.6%
2007 17.980.000 105.61%
2008 18.884.000 4.79%
2009 14.712.000 -28.36%
2010 24.876.000 40.86%
2011 22.352.000 -11.29%
2012 26.346.000 15.16%
2013 46.965.000 43.9%
2014 17.665.000 -165.86%
2015 35.230.000 49.86%
2016 25.548.000 -37.9%
2017 49.064.000 47.93%
2018 72.440.000 32.27%
2019 174.952.000 58.59%
2020 78.765.000 -122.12%
2021 105.348.000 25.23%
2022 94.380.000 -11.62%
2023 81.444.000 -15.88%
2023 1.960 -4155206.12%
2024 16.901.000 99.99%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Horizon Bancorp, Inc. Capital Expenditure
Year Capital Expenditure Growth
1995 1.667.000
1996 4.064.000 58.98%
1997 3.735.000 -8.81%
1998 3.423.000 -9.11%
1999 2.070.000 -65.36%
2000 651.000 -217.97%
2001 545.000 -19.45%
2002 1.489.000 63.4%
2003 2.210.000 32.62%
2004 2.659.000 16.89%
2005 1.421.000 -87.12%
2006 3.876.000 63.34%
2007 3.001.000 -29.16%
2008 5.442.000 44.85%
2009 4.066.000 -33.84%
2010 2.414.000 -68.43%
2011 2.442.000 1.15%
2012 6.984.000 65.03%
2013 6.318.000 -10.54%
2014 6.255.000 -1.01%
2015 5.622.000 -11.26%
2016 1.383.000 -306.51%
2017 2.689.000 48.57%
2018 3.434.000 21.69%
2019 4.612.000 25.54%
2020 5.866.000 21.38%
2021 1.440.000 -307.36%
2022 6.429.000 77.6%
2023 7.775.000 17.31%
2023 0 0%
2024 829.000 100%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Horizon Bancorp, Inc. Equity
Year Equity Growth
1995 28.553.000
1996 29.297.000 2.54%
1997 28.709.000 -2.05%
1998 27.468.000 -4.52%
1999 21.191.000 -29.62%
2000 31.624.000 32.99%
2001 34.943.000 9.5%
2002 41.410.000 15.62%
2003 46.223.000 10.41%
2004 50.432.000 8.35%
2005 53.530.000 5.79%
2006 61.877.000 13.49%
2007 70.645.000 12.41%
2008 103.350.000 31.64%
2009 114.605.000 9.82%
2010 112.283.000 -2.07%
2011 121.465.000 7.56%
2012 158.968.000 23.59%
2013 164.619.000 3.43%
2014 194.414.000 15.33%
2015 266.832.000 27.14%
2016 340.855.000 21.72%
2017 457.078.000 25.43%
2018 491.992.000 7.1%
2019 656.023.000 25%
2020 692.216.000 5.23%
2021 723.209.000 4.29%
2022 677.375.000 -6.77%
2023 693.369.000 2.31%
2023 718.812.000 3.54%
2024 726.665.000 1.08%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Horizon Bancorp, Inc. Assets
Year Assets Growth
1995 368.013.000
1996 382.038.000 3.67%
1997 359.751.000 -6.2%
1998 416.154.000 13.55%
1999 525.996.000 20.88%
2000 531.776.000 1.09%
2001 587.945.000 9.55%
2002 720.130.000 18.36%
2003 757.071.000 4.88%
2004 913.831.000 17.15%
2005 1.127.875.000 18.98%
2006 1.222.430.000 7.74%
2007 1.258.874.000 2.89%
2008 1.306.857.000 3.67%
2009 1.387.020.000 5.78%
2010 1.400.919.000 0.99%
2011 1.547.162.000 9.45%
2012 1.847.677.000 16.26%
2013 1.758.276.000 -5.08%
2014 2.076.922.000 15.34%
2015 2.652.401.000 21.7%
2016 3.141.156.000 15.56%
2017 3.964.303.000 20.76%
2018 4.246.688.000 6.65%
2019 5.244.363.000 19.02%
2020 5.886.614.000 10.91%
2021 7.355.432.000 19.97%
2022 7.872.518.000 6.57%
2023 7.959.434.000 1.09%
2023 7.940.485.000 -0.24%
2024 7.912.527.000 -0.35%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Horizon Bancorp, Inc. Liabilities
Year Liabilities Growth
1995 339.460.000
1996 352.741.000 3.77%
1997 331.042.000 -6.55%
1998 388.686.000 14.83%
1999 504.805.000 23%
2000 500.152.000 -0.93%
2001 553.002.000 9.56%
2002 678.720.000 18.52%
2003 710.848.000 4.52%
2004 863.399.000 17.67%
2005 1.074.345.000 19.63%
2006 1.160.553.000 7.43%
2007 1.188.229.000 2.33%
2008 1.203.507.000 1.27%
2009 1.272.415.000 5.42%
2010 1.288.636.000 1.26%
2011 1.425.697.000 9.61%
2012 1.688.709.000 15.57%
2013 1.593.657.000 -5.96%
2014 1.882.508.000 15.34%
2015 2.385.569.000 21.09%
2016 2.800.301.000 14.81%
2017 3.507.225.000 20.16%
2018 3.754.696.000 6.59%
2019 4.588.340.000 18.17%
2020 5.194.398.000 11.67%
2021 6.632.223.000 21.68%
2022 7.195.143.000 7.82%
2023 7.266.065.000 0.98%
2023 7.221.673.000 -0.61%
2024 7.185.862.000 -0.5%

Horizon Bancorp, Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
7.05
Net Income per Share
0.44
Price to Earning Ratio
33.31x
Price To Sales Ratio
2.07x
POCF Ratio
9.75
PFCF Ratio
10.47
Price to Book Ratio
0.88
EV to Sales
6.36
EV Over EBITDA
-346.31
EV to Operating CashFlow
29.98
EV to FreeCashFlow
32.2
Earnings Yield
0.03
FreeCashFlow Yield
0.1
Market Cap
0,64 Bil.
Enterprise Value
1,96 Bil.
Graham Number
12.79
Graham NetNet
-150.32

Income Statement Metrics

Net Income per Share
0.44
Income Quality
3.42
ROE
0.03
Return On Assets
0
Return On Capital Employed
0.01
Net Income per EBT
0.69
EBT Per Ebit
0.88
Ebit per Revenue
0.11
Effective Tax Rate
0.31

Margins

Sales, General, & Administrative to Revenue
0.23
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
1.14
Operating Profit Margin
0.11
Pretax Profit Margin
0.1
Net Profit Margin
0.07

Dividends

Dividend Yield
0.04
Dividend Yield %
4.39
Payout Ratio
1.48
Dividend Per Share
0.64

Operating Metrics

Operating Cashflow per Share
1.49
Free CashFlow per Share
1.39
Capex to Operating CashFlow
0.07
Capex to Revenue
0.01
Capex to Depreciation
0.4
Return on Invested Capital
0.01
Return on Tangible Assets
0
Days Sales Outstanding
51.21
Days Payables Outstanding
-13629.9
Days of Inventory on Hand
223588.57
Receivables Turnover
7.13
Payables Turnover
-0.03
Inventory Turnover
0
Capex per Share
0.1

Balance Sheet

Cash per Share
15,44
Book Value per Share
16,62
Tangible Book Value per Share
12.8
Shareholders Equity per Share
16.62
Interest Debt per Share
39.56
Debt to Equity
2.2
Debt to Assets
0.2
Net Debt to EBITDA
-233.75
Current Ratio
0.18
Tangible Asset Value
0,56 Bil.
Net Current Asset Value
-6,99 Bil.
Invested Capital
-645240000
Working Capital
-0,91 Bil.
Intangibles to Total Assets
0.02
Average Receivables
0,04 Bil.
Average Payables
0,01 Bil.
Average Inventory
-515399500
Debt to Market Cap
2.51

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Horizon Bancorp, Inc. Dividends
Year Dividends Growth
2002 1
2003 1 0%
2004 0 0%
2005 1 0%
2006 0 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 1 0%
2013 0 0%
2014 1 0%
2015 0 0%
2016 1 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 1 0%
2022 1 0%
2023 1 0%
2024 1 0%

Horizon Bancorp, Inc. Profile

About Horizon Bancorp, Inc.

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 various 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; and sells various insurance products. It operates through a network of 78 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
Employee
818
Address
515 Franklin Street
Michigan City, 46360

Horizon Bancorp, Inc. Executives & BODs

Horizon Bancorp, Inc. Executives & BODs
# Name Age
1 Mr. Thomas M. Prame
Chief Executive Officer, President & Director
70
2 Ms. Kathie A. DeRuiter
Executive Vice President & Senior Operations Officer
70
3 Mr. Mark E. Secor CPA
Chief Administration Officer & Executive Vice President
70
4 Mr. Todd A. Etzler
Executive Vice President, Chief Legal and Risk Officer & Corporate Secretary
70
5 Mr. John R. Stewart C.F.A.
Chief Financial Officer & Executive Vice President
70
6 Amy Phares
Public Relations Manager
70
7 Mr. Dennis J. Kuhn
Regional President for Southwest Michigan
70
8 Ms. Lynn M. Kerber
Executive Vice President & Chief Commercial Banking Officer
70

Horizon Bancorp, Inc. Competitors