See more : Fletcher Building Limited (FBU.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Horizon Bancorp, Inc. (HBNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Horizon Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Horizon Bancorp, Inc. (HBNC)
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 185.28M | 241.56M | 228.27M | 219.93M | 195.22M | 162.64M | 140.27M | 118.38M | 99.76M | 84.49M | 82.62M | 81.26M | 68.41M | 67.52M | 62.63M | 51.18M | 45.08M | 41.68M | 40.69M | 36.09M | 35.29M | 33.40M | 29.33M | 25.51M | 6.98M | 6.45M | 6.32M | 5.82M | 3.99M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 185.28M | 241.56M | 228.27M | 219.93M | 195.22M | 162.64M | 140.27M | 118.38M | 99.76M | 84.49M | 82.62M | 81.26M | 68.41M | 67.52M | 62.63M | 51.18M | 45.08M | 41.68M | 40.69M | 36.09M | 35.29M | 33.40M | 29.33M | 25.51M | 6.98M | 6.45M | 6.32M | 5.82M | 3.99M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.27M | 82.84M | 94.84M | 89.46M | 82.09M | 70.15M | 65.35M | 58.80M | 49.20M | 40.77M | 37.58M | 34.52M | 31.43M | 30.55M | 26.99M | 16.75M | 17.15M | 16.43M | 16.52M | 14.77M | 13.95M | 12.75M | 11.80M | 9.12M | 9.02M | 9.44M | 8.32M | 8.67M | 8.36M |
| Selling & Marketing | 104.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 118.38M | 82.84M | 94.84M | 89.46M | 82.09M | 70.15M | 65.35M | 58.80M | 49.20M | 40.77M | 37.58M | 34.52M | 31.43M | 30.55M | 26.99M | 16.75M | 17.15M | 16.43M | 16.52M | 14.77M | 13.95M | 12.75M | 11.80M | 9.12M | 9.02M | 9.44M | 8.32M | 8.67M | 8.36M |
| Other Expenses | 0.00 | -49.60M | -220.66M | -231.02M | -197.47M | -137.64M | -33.90M | -34.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -24.21M | -9.11M | -10.66M | -21.20M | -23.86M | -22.68M | -19.57M | -13.44M | -5.73M | 87.00K | -933.00K | 610.00K | 2.74M | 1.97M |
| Operating Expenses | 118.38M | 1.84M | -125.82M | -141.56M | -115.38M | -67.48M | 2.49M | 2.75M | 2.07M | 1.73M | 1.67M | 1.99M | 1.50M | 1.70M | 1.41M | -7.46M | 8.05M | 5.78M | -4.68M | -9.10M | -8.73M | -6.82M | -1.64M | 3.38M | 9.10M | 8.51M | 8.93M | 11.41M | 10.33M |
| Cost & Expenses | 118.38M | 1.84M | -125.82M | -141.56M | -115.38M | -67.48M | 2.49M | 2.75M | 2.07M | 1.73M | 1.67M | 1.99M | 1.50M | 1.70M | 1.41M | -7.46M | 8.05M | 5.78M | -4.68M | -9.10M | -8.73M | -6.82M | -1.64M | 3.38M | 9.10M | 8.51M | 8.93M | 11.41M | 10.33M |
| Interest Income | 312.31M | 236.03M | 200.00M | 205.38M | 208.33M | 166.17M | 128.48M | 106.53M | 88.59M | 76.21M | 74.88M | 72.53M | 64.61M | 68.49M | 72.66M | 70.24M | 75.07M | 68.68M | 56.84M | 42.99M | 41.54M | 41.27M | 40.78M | 41.95M | 30.90M | 28.56M | 29.27M | 28.23M | 26.26M |
| Interest Expense | 136.56M | 36.52M | 18.31M | 34.44M | 47.54M | 31.60M | 16.38M | 20.54M | 13.85M | 13.22M | 13.50M | 14.32M | 16.50M | 20.88M | 27.89M | 32.89M | 42.26M | 37.14M | 25.97M | 17.57M | 17.39M | 18.11M | 20.97M | 23.30M | 15.77M | 13.53M | 12.94M | 11.80M | 11.11M |
| Depreciation & Amortization | 11.97M | 10.75M | 9.80M | 10.59M | 9.69M | 6.81M | 5.94M | 5.28M | 4.15M | 3.78M | 3.36M | 2.88M | 4.83M | 4.27M | 3.01M | 2.32M | 2.40M | 2.71M | 2.28M | 2.19M | 2.40M | 1.44M | 1.48M | 1.55M | 1.41M | 1.16M | 1.37M | 1.04M | 892.00K |
| EBITDA | 0.00 | 118.68M | 116.32M | 90.70M | 89.53M | 70.37M | 53.89M | 37.99M | 31.93M | 28.04M | 30.28M | 30.86M | 19.50M | 0.00 | 27.32M | 26.50M | 0.00 | 0.00 | 20.70M | 17.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 64.25% | 49.77% | 40.45% | 45.86% | 62.70% | 50.10% | 49.44% | 45.90% | 48.83% | 52.99% | 55.61% | 56.01% | 57.07% | 67.25% | 89.96% | 123.17% | 120.36% | 94.10% | 80.86% | 82.05% | 83.91% | 99.44% | 119.34% | 250.57% | 249.82% | 263.01% | 314.01% | 381.49% |
| Operating Income | 66.91M | 142.10M | 102.45M | 78.37M | 79.84M | 95.16M | 64.34M | 53.25M | 41.64M | 37.48M | 40.43M | 42.31M | 33.48M | 34.27M | 39.10M | 43.72M | 53.13M | 47.46M | 36.00M | 27.00M | 26.56M | 26.58M | 27.69M | 28.89M | 16.09M | 14.96M | 15.24M | 17.22M | 14.32M |
| Operating Income Ratio | 36.11% | 58.83% | 44.88% | 35.63% | 40.90% | 58.51% | 45.87% | 44.98% | 41.74% | 44.36% | 48.93% | 52.07% | 48.94% | 50.76% | 62.44% | 85.42% | 117.85% | 113.85% | 88.49% | 74.80% | 75.27% | 79.59% | 94.40% | 113.27% | 230.39% | 231.81% | 241.32% | 296.13% | 359.12% |
| Total Other Income/Expenses | -27.91M | -23.10M | -22.81M | -27.38M | -25.70M | -21.18M | -18.56M | -18.69M | -15.97M | -14.96M | -14.67M | -2.88M | 453.00K | -23.20M | -234.00K | -32.89M | -44.66M | 656.00K | -10.67M | -17.57M | -17.39M | -18.21M | -20.97M | -23.30M | -15.60M | -13.53M | -12.94M | -11.80M | -11.11M |
| Income Before Tax | 39.00M | 105.58M | 102.45M | 78.37M | 79.84M | 63.56M | 47.95M | 32.71M | 27.78M | 24.26M | 26.92M | 27.99M | 16.98M | 13.40M | 11.21M | 10.83M | 10.87M | 10.32M | 10.04M | 9.43M | 9.17M | 8.37M | 6.72M | 5.60M | 484.00K | 1.43M | 2.31M | 5.42M | 3.21M |
| Income Before Tax Ratio | 21.05% | 43.71% | 44.88% | 35.63% | 40.90% | 39.08% | 34.19% | 27.63% | 27.85% | 28.71% | 32.59% | 34.44% | 24.82% | 19.84% | 17.90% | 21.17% | 24.11% | 24.76% | 24.67% | 26.13% | 25.98% | 25.07% | 22.90% | 21.93% | 6.93% | 22.13% | 36.49% | 93.24% | 80.41% |
| Income Tax Expense | 11.02M | 12.18M | 15.36M | 9.87M | 13.30M | 10.44M | 14.84M | 8.80M | 7.23M | 6.16M | 7.05M | 8.45M | 4.19M | 2.94M | 2.07M | 1.86M | 2.73M | 2.84M | 2.95M | 2.49M | 2.64M | 2.78M | 2.59M | 1.81M | 675.00K | 345.00K | 584.00K | 1.60M | 167.00K |
| Net Income | 27.98M | 93.41M | 87.09M | 68.50M | 66.54M | 53.12M | 33.12M | 23.91M | 20.55M | 18.10M | 19.88M | 19.54M | 12.80M | 10.46M | 9.14M | 8.97M | 8.14M | 7.48M | 7.09M | 6.94M | 6.53M | 5.69M | 4.13M | 3.78M | -354.00K | 1.08M | 1.72M | 3.82M | 3.04M |
| Net Income Ratio | 15.10% | 38.67% | 38.15% | 31.15% | 34.08% | 32.66% | 23.61% | 20.20% | 20.60% | 21.42% | 24.06% | 24.05% | 18.71% | 15.48% | 14.59% | 17.53% | 18.06% | 17.95% | 17.43% | 19.22% | 18.51% | 17.04% | 14.07% | 14.83% | -5.07% | 16.78% | 27.25% | 65.75% | 76.22% |
| EPS | 0.64 | 2.14 | 1.99 | 1.56 | 1.53 | 1.39 | 0.96 | 0.80 | 0.87 | 0.88 | 1.00 | 1.06 | 0.69 | 0.55 | 0.47 | 0.55 | 0.50 | 0.47 | 0.46 | 0.46 | 0.43 | 0.24 | 0.27 | 0.24 | -0.02 | 0.07 | 0.11 | 0.23 | 0.18 |
| EPS Diluted | 0.64 | 2.14 | 1.98 | 1.55 | 1.53 | 1.38 | 0.95 | 0.79 | 0.84 | 0.85 | 0.96 | 1.02 | 0.67 | 0.54 | 0.47 | 0.54 | 0.50 | 0.46 | 0.44 | 0.44 | 0.41 | 0.24 | 0.27 | 0.24 | -0.02 | 0.07 | 0.11 | 0.23 | 0.18 |
| Weighted Avg Shares Out | 43.63M | 43.57M | 43.80M | 44.04M | 43.49M | 38.35M | 34.55M | 29.98M | 23.65M | 20.39M | 19.39M | 17.94M | 16.67M | 16.59M | 16.36M | 16.24M | 16.22M | 16.05M | 15.54M | 15.13M | 15.10M | 15.05M | 15.06M | 15.56M | 14.93M | 15.62M | 16.20M | 16.79M | 17.09M |
| Weighted Avg Shares Out (Dil) | 43.84M | 43.70M | 43.96M | 44.12M | 43.60M | 38.50M | 34.76M | 30.12M | 24.30M | 21.27M | 20.25M | 18.61M | 17.07M | 16.88M | 16.56M | 16.43M | 16.42M | 16.26M | 16.03M | 15.81M | 15.75M | 15.05M | 15.06M | 15.56M | 14.93M | 15.62M | 16.20M | 16.79M | 17.09M |
Horizon Bancorp, Inc. Reports Second Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, and Growth in Net Interest Income and Loans
MICHIGAN CITY, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three and six months ended...
Horizon Bank Appoints Michele Samuels and Brian Walker to Serve as Independent Directors
Horizon Bancorp, Inc. announced the appointments on June 18, 2024 of Michele A. Samuels and Brian C. Walker to serve as independent directors on the Board.
Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 25
Horizon Bancorp, Inc. ("Horizon" or the "Company") will host a conference call at 7:30 a.m. CT on Thursday, July 25, 2024 to review its second quarter 2024
Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial Officer
MICHIGAN CITY, Ind., May 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced today that John R.
Horizon Bancorp, Inc. (HBNC) Q1 2024 Earnings Call Transcript
Horizon Bancorp, Inc. (NASDAQ:HBNC ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Thomas Prame - President & CEO Lynn Kerber - EVP & Chief Commercial Banking Officer Mark Secor - EVP & CFO Conference...
Compared to Estimates, Horizon Bancorp (HBNC) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Horizon Bancorp (HBNC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Horizon Bancorp (HBNC) Q1 Earnings Top Estimates
Horizon Bancorp (HBNC) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.43 per share a year ago.
Horizon Bancorp, Inc. Reports Solid First Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, Loan Growth and Well-Managed Operating Expenses
MICHIGAN CITY, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three months ended March 31, 2024.
Horizon Bancorp, Inc. Announces Conference Call to Review First Quarter Results on April 25
Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, April 25, 2024 to review its first quarter 2024
Horizon Bank Appoints David Pendley President of Mortgage Banking
MICHIGAN CITY, Ind., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Horizon Bank announced the appointment of David Pendley as the divisional President of Mortgage Banking.
Source: https://incomestatements.info
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