HBNC Stock Financial Analysis - Horizon Bancorp, Inc. (NasdaqGS) Stock

Overview

Horizon Bancorp, Inc., based in the United States, operates primarily in the banking industry, providing a range of financial services. As a regional bank holding company, its core activities are centered around offering commercial and retail banking services, along with related financial products like mortgage loans, wealth management, investment and insurance services through its subsidiary, Horizon Bank. The company focuses on expansion and operational excellence, which is evident from its strategic acquisitions and branch openings aimed at widening its market presence across different states. Horizon emphasizes technological integration in its services, aiming to enhance customer experience and operational efficiencies, reflecting a forward-thinking approach in its growth trajectory and service offerings.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Horizon Bancorp, Inc. as of June 30, 2025 is 211.58 MM.
The operating income for Horizon Bancorp, Inc. as of June 30, 2025 is 57.18 MM.
The net income for Horizon Bancorp, Inc. as of June 30, 2025 is 51.88 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	211.58	57.18	51.88
2025-03-31	201.16	48.78	45.38
2024-12-31	186.19	35.78	35.43
2024-09-30	183.72	38.99	21.10
2024-06-30	177.40	35.93	19.12
2024-03-31	180.49	39.86	23.74
2023-12-31	182.69	43.90	27.98
2023-09-30	224.27	88.31	74.36
2023-06-30	233.27	96.05	81.98
2023-03-31	240.38	103.98	88.07
2022-12-31	248.14	111.20	93.41
2022-09-30	244.58	111.95	93.67
2022-06-30	242.59	111.91	92.92
2022-03-31	236.45	106.83	90.23
2021-12-31	232.48	105.11	87.09
2021-09-30	234.02	101.18	87.56
2021-06-30	232.84	100.44	84.80
2021-03-31	222.45	92.49	77.27
2020-12-31	208.59	88.14	68.50
2020-09-30	207.15	79.32	65.15

Income Statement: EPS

The earnings per share basic for Horizon Bancorp, Inc. as of June 30, 2025 is 1.19.
The earnings per share diluted for Horizon Bancorp, Inc. as of June 30, 2025 is 1.17.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	1.19	1.17
2025-03-31	1.04	1.02
2024-12-31	0.81	0.80
2024-09-30	0.48	0.48
2024-06-30	0.44	0.43
2024-03-31	0.54	0.54
2023-12-31	0.64	0.64
2023-09-30	1.71	1.70
2023-06-30	1.88	1.88
2023-03-31	2.02	2.02
2022-12-31	2.14	2.14
2022-09-30	2.15	2.14
2022-06-30	2.13	2.12
2022-03-31	2.06	2.06
2021-12-31	1.99	1.98
2021-09-30	1.99	1.98
2021-06-30	1.93	1.93
2021-03-31	1.76	1.75
2020-12-31	1.56	1.55
2020-09-30	1.47	1.48

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Horizon Bancorp, Inc. as of June 30, 2025 is 18.65 MM.
The cash from investing activities for Horizon Bancorp, Inc. as of June 30, 2025 is 290.23 MM.
The cash from financing activities for Horizon Bancorp, Inc. as of June 30, 2025 is -317.06 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	18.65	290.23	-317.06
2025-03-31	15.07	161.31	-277.80
2024-12-31	6.37	-52.78	-186.68
2024-09-30	69.72	62.84	-72.86
2024-06-30	67.28	-43.57	-106.60
2024-03-31	70.17	173.78	-107.59
2023-12-31	88.94	329.52	-15.44
2023-09-30	85.38	-168.06	148.16
2023-06-30	83.05	-190.39	227.48
2023-03-31	91.50	-482.43	404.70
2022-12-31	94.38	-1,019.93	455.55
2022-09-30	100.49	-1,111.54	148.89
2022-06-30	101.02	-946.47	650.12
2022-03-31	101.17	-954.43	444.88
2021-12-31	106.35	-344.85	582.30
2021-09-30	104.75	-83.43	851.37
2021-06-30	98.72	-276.12	311.44
2021-03-31	83.96	-297.69	656.61
2020-12-31	78.86	-478.46	550.48
2020-09-30	72.66	-575.45	510.64

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Horizon Bancorp, Inc. as of June 30, 2025 is 14.82.
The p/book for Horizon Bancorp, Inc. as of June 30, 2025 is 0.87.
The p/tbv for Horizon Bancorp, Inc. as of June 30, 2025 is 1.10.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	14.82	0.87	1.10
2025-03-31		0.87
2024-12-31		0.93	1.19
2024-09-30	34.13	0.90	1.17
2024-06-30	22.11	0.73	0.95
2024-03-31		0.78	1.02
2023-12-31	8.49	0.91	1.21
2023-09-30	5.74	0.66	0.87
2023-06-30	5.40	0.68	0.90
2023-03-31	5.16	0.71
2022-12-31		1.03	1.40
2022-09-30		1.19	1.62
2022-06-30		1.12	1.51
2022-03-31	9.35	1.13	1.49
2021-12-31	10.36	1.28	1.73
2021-09-30	9.42	1.12	1.49
2021-06-30
2021-03-31	10.74	1.20	1.61
2020-12-31	12.10	1.20	1.64
2020-09-30	12.72	1.24	1.67

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Horizon Bancorp, Inc. as of June 30, 2025 is 0.03.
The ebit (3y)/ev for Horizon Bancorp, Inc. as of June 30, 2025 is 0.03.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.03	0.03
2025-03-31	0.01	0.03
2024-12-31	0.02	0.03
2024-09-30	0.02	0.04
2024-06-30	0.02	0.05
2024-03-31	0.02	0.05
2023-12-31	0.04	0.05
2023-09-30	0.05	0.06
2023-06-30	0.05	0.05
2023-03-31	0.05	0.05
2022-12-31	0.04	0.04
2022-09-30	0.05	0.04
2022-06-30	0.05	0.05
2022-03-31	0.09	0.08
2021-12-31	0.11	0.09
2021-09-30	0.08	0.07
2021-06-30
2021-03-31	0.08	0.07
2020-12-31	0.06	0.06
2020-09-30	0.05	0.05

Management Effectiveness

The roa for Horizon Bancorp, Inc. as of June 30, 2025 is 0.01.
The roe for Horizon Bancorp, Inc. as of June 30, 2025 is 0.06.
The roic for Horizon Bancorp, Inc. as of June 30, 2025 is 0.03.
The croic for Horizon Bancorp, Inc. as of June 30, 2025 is -0.06.
The ocroic for Horizon Bancorp, Inc. as of June 30, 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.01	0.06	0.03	-0.06	0.01
2025-03-31	0.00	0.05	0.02	-0.11	0.00
2024-12-31	0.00	0.03	0.01	0.03	0.03
2024-09-30	0.00	0.03	0.01	-0.04	0.03
2024-06-30	0.00	0.03	0.01	0.06	0.03
2024-03-31	0.00	0.04	0.01	0.17	0.04
2023-12-31	0.01	0.12	0.03	0.03	0.04
2023-09-30	0.01	0.12	0.04	0.05	0.04
2023-06-30	0.01	0.13	0.03	0.05	0.03
2023-03-31	0.01	0.14	0.04	0.01	0.04
2022-12-31	0.01	0.13	0.03	-0.32	0.03
2022-09-30	0.01	0.13	0.04	-0.39	0.04
2022-06-30	0.01	0.13	0.05	-0.10	0.05
2022-03-31	0.01	0.13	0.06	-0.26	0.06
2021-12-31	0.01	0.13	0.05	0.20	0.06
2021-09-30	0.02	0.13	0.06	0.59	0.07
2021-06-30	0.01	0.13	0.07	0.11	0.08
2021-03-31	0.01	0.12	0.05	0.30	0.06
2020-12-31	0.01	0.10	0.05	0.10	0.05
2020-09-30	0.01	0.10	0.05	0.01	0.05

Gross Margins

The gross margin for Horizon Bancorp, Inc. as of June 30, 2025 is 1.00.
The net margin for Horizon Bancorp, Inc. as of June 30, 2025 is 0.23.
The operating margin for Horizon Bancorp, Inc. as of June 30, 2025 is 0.24.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	1.00	0.23	0.24
2025-03-31	1.00	0.19	0.19
2024-12-31	1.00	0.11	0.21
2024-09-30	1.00	0.11	0.21
2024-06-30	1.00	0.13	0.23
2024-03-31	1.00	0.15	0.25
2023-12-31	1.00	0.34	0.39
2023-09-30	1.00	0.36	0.41
2023-06-30	1.00	0.36	0.41
2023-03-31	1.00	0.37	0.43
2022-12-31	1.00	0.37	0.42
2022-09-30	1.00	0.37	0.42
2022-06-30	1.00	0.37	0.43
2022-03-31	1.00	0.37	0.43
2021-12-31	1.00	0.36	0.45
2021-09-30	1.00	0.36	0.45
2021-06-30	1.00	0.36	0.44
2021-03-31	1.00	0.35	0.42
2020-12-31	1.00	0.33	0.38
2020-09-30	1.00	0.31	0.38