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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. (HBNC) Q4 2023 Earnings Call Transcript
Horizon Bancorp, Inc. (HBNC) Q4 2023 Earnings Call Transcript
Compared to Estimates, Horizon Bancorp (HBNC) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Horizon Bancorp (HBNC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Horizon Bancorp (HBNC) Q4 Earnings Top Estimates
Horizon Bancorp (HBNC) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.48 per share a year ago.
Horizon Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Results, Successfully Executes Balance Sheet Restructuring for Future Earnings Growth
Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three and twelve months ended December 31, 2023.
Countdown to Horizon Bancorp (HBNC) Q4 Earnings: Wall Street Forecasts for Key Metrics
Get a deeper insight into the potential performance of Horizon Bancorp (HBNC) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2023 Results on January 25
Horizon Bank will host a conference call at 7:30 a.m. CT on Thursday, January 25, 2024 to review its fourth quarter and full year 2023 financial results.
Horizon Bancorp (HBNC) Surges 15.1%: Is This an Indication of Further Gains?
Horizon Bancorp (HBNC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Horizon Bancorp, Inc. Announces Balance Sheet Repositioning
MICHIGAN CITY, Ind., Dec. 12, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced the execution of a balance sheet repositioning related to its investment...
Horizon Bancorp: Negative Earnings Outlook Doesn't Dampen The Appeal Of A 6% Dividend Yield
Robust pipelines bode well for loan growth in the near term. However, the regional unemployment trend signals a slowdown. The declining margin trend is likely to turn around because the up-rate cycle has likely ended. Further, new loan production will...
Horizon Bancorp, Inc. Announces Key Leadership Changes
MICHIGAN CITY, Ind., Nov. 07, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced the succession plan for its chief financial officer (“CFO”) and a restructuring of its mortgage and consumer lending leadership.
Source: https://incomestatements.info
Category: Stock Reports