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Horizon Bancorp, Inc.(HBNC)Earnings, Financials & Key Ratios
HBNC•NASDAQ•Banking & Credit
$19.94
Price updated Jul 6, 2026
AboutHorizon 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.Show more
- Net Interest Income$229M+21.7%
- Total Revenue$103M-71.0%
- Net Income-$150M-524.7%
- Return on Equity-20.73%-533.7%
- Net Interest Margin3.57%+47.5%
- Efficiency Ratio163.94%+276.5%
- ROA-2.11%-569.7%
- Equity / Assets10.69%+9.2%
- Book Value per Share13.42-22.5%
HBNC Price & Volume
Horizon Bancorp, Inc. (HBNC) stock price & volume — 10-year historical chart
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Strategic Asset Repositioning Drives Margin Recovery Efforts
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Securities portfolio duration mismatch
Key Thesis Takeaways
- Horizon Bancorp is currently navigating a complex balance sheet transition, having successfully expanded net interest income to $62.2 million in 2026Q1 while shedding legacy investment securities.
- While the bank has bolstered its equity-to-assets ratio to 0.29, investors should monitor the persistent net interest margin compression, which remains suppressed at 0.9%.
- Future performance hinges on the bank's ability to sustain its recent efficiency ratio of 41.6% while managing the volatility inherent in its non-interest income streams.
Verdict Logic
while the bank has improved its capital adequacy to 0.29 equity-to-assets, the forward P/E of 9.66 and persistent margin compression suggest that significant operational risks remain.
HBNC Growth Metrics
Horizon Bancorp, Inc. (HBNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.79%
5 Years-16.51%
3 Years-28.14%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-426.7%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-411.76%
Return on Capital
10 Years4.75%
5 Years2.54%
3 Years-0.47%
Last Year-4.72%
HBNC Recent Earnings
Horizon Bancorp, Inc. (HBNC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (80%)●Beat Revenue 4/12 qtrs (40%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.51+6.3%
$0.48
Rev
$73M-0.7%
$74M
Q2 2026
Mar 13, 2026Metric
Actual
Est
EPS
$0.53
—
Rev
$101M
—
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$0.54+7.0%
$0.50
Rev
$75M+0.8%
$74M
Q1 2026
Jan 21, 2026Metric
Actual
Est
EPS
$0.53+6.0%
$0.50
Rev
$75M+0.8%
$74M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.51vs $0.48+6.3% | $73Mvs $74M-0.7% |
| Q2 2026 | Mar 13, 2026 | $0.53 | $101M |
| Q1 2026 | Jan 28, 2026 | $0.54vs $0.50+7.0% | $75Mvs $74M+0.8% |
| Q1 2026 | Jan 21, 2026 | $0.53vs $0.50+6.0% | $75Mvs $74M+0.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Horizon Bancorp, Inc. (HBNC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.94 | $1.02B | -6.33 | -70.97% | -145.86% | -20.73% | 2.08% | |
| $49.31 | $1.02B | -13.93 | -23.13% | 16.66% | 10.02% | — | |
| $34.75 | $4.98B | 19.63 | 11.71% | 31.14% | 14.2% | — | |
| $57.93 | $1B | 10.61 | 2.74% | 24.23% | 13.36% | — | |
| $23.10 | $222.78M | 15.82 | -9.41% | 16.49% | 8% | — | |
| $29.81 | $1.01B | 15.21 | 5.92% | 20.5% | 7.58% | — |
Compare HBNC vs Peers
Horizon Bancorp, Inc. (HBNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HBNC SEC Filings & Documents
Horizon Bancorp, Inc. (HBNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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HBNC Frequently Asked Questions
Horizon Bancorp, Inc. (HBNC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Horizon Bancorp, Inc. growing?
Horizon Bancorp, Inc. (HBNC) saw revenue decline by 71.0% over the past year.
Is HBNC profitable?
Horizon Bancorp, Inc. (HBNC) reported a net loss of $148.3M for fiscal year 2025.
Dividend & Returns
Does HBNC pay dividends?
Yes, Horizon Bancorp, Inc. (HBNC) pays a dividend with a yield of 2.08%. This makes it attractive for income-focused investors.
What is HBNC's return on equity?
Horizon Bancorp, Inc. (HBNC) has a return on equity (ROE) of -20.7%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Horizon Bancorp, Inc.'s net interest margin?
Horizon Bancorp, Inc. (HBNC) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.
What is Horizon Bancorp, Inc.'s efficiency ratio?
Horizon Bancorp, Inc. (HBNC) has an efficiency ratio of 163.9%. This is higher than peers, suggesting room for cost optimization.