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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 (HBNC) Tops Q2 Earnings and Revenue Estimates
Horizon Bancorp (HBNC) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.56 per share a year ago.
Horizon Bancorp, Inc. Reports Second Quarter 2023 Results
MICHIGAN CITY, Ind., July 26, 2023 (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...
Earnings Preview: Horizon Bancorp (HBNC) Q2 Earnings Expected to Decline
Horizon Bancorp (HBNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
5 Historically High-Yield Stocks Gurus Agree On
Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists' expectations of a 3.1% increase.
Is Horizon Bancorp IN (HBNC) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
How Much Upside is Left in Horizon Bancorp (HBNC)? Wall Street Analysts Think 32.56%
The consensus price target hints at a 32.6% upside potential for Horizon Bancorp (HBNC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an...
Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Second Quarter Results on July 27
MICHIGAN CITY, Ind., June 28, 2023 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 27, 2023 to review its second quarter 2023 financial...
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Horizon Bancorp, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 20, 2023 – (NASDAQ: HBNC)
NEW YORK, June 7, 2023 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Horizon Bancorp, Inc.. Shareholders who purchased shares of HBNC during the class period listed are encouraged to contact the firm regarding possible...
SHAREHOLDER ALERT: HBNC FRCB NEE: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
NEW YORK, NY / ACCESSWIRE / June 2, 2023 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the...
全球一流的法律事務所ROSEN鼓勵損失超過10萬美元的Horizon Bancorp, Inc.投資人在HBNC證券集體訴訟的重要截止日期前尋求法律服務
紐約--(BUSINESS WIRE)--(美國商業資訊)--原因：全球投資人權益法律事務所Rosen Law Firm提醒在2022年3月9日至2023年3月10日期間（含上述兩個日期，簡稱「集體訴訟期」）購買Horizon Bancorp, Inc. (NASDAQ: HBNC)證券的投資人，申請成為原告代表的截止日期為2023年6月20日。 這意味著什麼：如果您在集體訴訟期內購買了Horizon證券，您可能有機會透過勝訴分成安排而獲得賠償，無需支付任何自負費用或開支。 下一步是什麼：如果您想加入Horizon集體訴訟，請造訪https://rosenlegal.com/submit-form/?case_id=12953，或撥打免費電話866-767-3653致電Phillip Kim律師，或者寄送電子郵件至[email protected]或[email protected]，以獲取有關該集體訴訟的資訊。這項集體訴訟已經發起，如果您希望成為原告代表，您必須在2023年6月20日之前向法院提出申請。原告代表是指代表其他集體訴訟成員主導訴訟的代表方。 為什麼選擇ROSEN LAW：我們鼓勵投資人選擇擁有成功領導經驗的合格律師。發佈公告的法律事務所通常缺乏相當的經驗、資源或任何有價值的同儕認可。許多此類法律事務所實際上並不從事證券類集體訴訟，而只是把客戶轉介給實際執行訴訟的法律事務所。請明智選擇您的律師。Rosen Law Firm代表全球投資人，專注於證券類集體訴訟和股東派生訴訟。Rosen Law Firm曾就針對一家中國公司的頂級規模證券類集體訴訟達成和解。2017年，Rosen Law Firm在ISS證券類集體訴訟服務評比中因證券類集體訴訟和解數量而排名第一。自2013年以來，該法律事務所每年均穩居該榜單前四名，為投資人追回了數億美元的損失。僅在2019年，該事務所就為投資人取得超過4.38億美元的賠償。2020年，創始合夥人Laurence Rosen被Law360評選為最佳原告律師(Titan of Plaintiffs’ Bar)。該事務所的眾多律師都曾得到Lawdragon和Super Lawyers的表揚。 案件詳情：起訴書指稱，被告就公司的業務、營運和前景作出虛假和/或誤導性陳述，且未能揭露相關的重大不利事實。具體而言，被告作出虛假和/或誤導性的陳述及/或未揭露以下事項：(1)公司對與其某些貸款餘額和證券之分類相關的內部會計控制措施有缺失；(2)由於前述缺失，在整個2022年，公司發佈了包含錯誤的季度財務報表，將需要進行後續修訂；(3)前述財務報表的重述將妨礙公司及時提交其2022年度報告的能力；(4)因此，公司在所有相關時間的公開陳述都存在重大虛假和誤導性。訴訟聲稱，當市場瞭解真實詳情後，投資人便遭受了損失。 如欲加入Horizon集體訴訟，請造訪https://rosenlegal.com/submit-form/?case_id=12953，或撥打免費電話866-767-3653致電Phillip Kim律師，或者寄送電子郵件至[email protected]或[email protected]，以瞭解有關集體訴訟的資訊。 訴訟集體尚未認證。在訴訟集體得到認證之前，除非您聘請律師，您不會獲得法律代表。您可以自行選擇聘請律師，也可以作為缺席集體訴訟成員，暫時不採取任何行動。投資人在未來任何可能分到的賠償金額，與其是否為原告代表無關。 請在LinkedIn：https://www.linkedin.com/company/the-rosen-law-firm、Twitter：https://twitter.com/rosen_firm或Facebook：https://www.facebook.com/rosenlawfirm/上關注我們，以瞭解最新情況。 律師廣告。先前案例不保證可獲致類似結果。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
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