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Horizon Bancorp, Inc. HBNC

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Price alert · HBNC

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20.81 USD -0.04 (-0.19%)

At closeNov 6, 2026, 4:01 PM EST

20.81 0.00 0.00%

After hours · Nov 6, 4:01 PM ET

20.66 Day range 21.07
15.57 52-week range 21.44
YTD
+22.70%
1 year
+31.21%

Financial health

Altman Z-Score

-0.52 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

B3 / 5 overall

  • DCF 1
  • Return on Equity 4
  • Return on Assets 4
  • Debt / Equity 3
  • P/E 3
  • P/B 2

Valuation

P/E -5.4×
FY 2016: 23.6×FY 2017: 19.3×FY 2018: 11.4×FY 2019: 12.4×FY 2020: 10.2×FY 2021: 10.5×FY 2022: 7.0×FY 2023: 22.4×FY 2024: 19.9×FY 2025: -5.4×
FY 2016 5y median 10.5× FY 2025
P/S 8.4×
FY 2016: 4.1×FY 2017: 4.1×FY 2018: 3.1×FY 2019: 3.4×FY 2020: 2.7×FY 2021: 3.7×FY 2022: 2.4×FY 2023: 2.0×FY 2024: 2.0×FY 2025: 8.4×
FY 2016 5y median 2.4× FY 2025
P/B 1.3×
FY 2016: 1.6×FY 2017: 1.4×FY 2018: 1.2×FY 2019: 1.3×FY 2020: 1.0×FY 2021: 1.3×FY 2022: 1.0×FY 2023: 0.9×FY 2024: 0.9×FY 2025: 1.3×
FY 2016 5y median 1.0× FY 2025
P/FCF 11.6×
FY 2016: 23.2×FY 2017: 13.8×FY 2018: 8.8×FY 2019: 4.9×FY 2020: 9.6×FY 2021: 8.7×FY 2022: 7.5×FY 2023: 7.7×FY 2024: 548×FY 2025: 11.6×
FY 2016 5y median 8.7× FY 2025
EV/EBITDA -6.4×
FY 2016: 21.4×FY 2017: 21.6×FY 2018: 15.9×FY 2019: 14.8×FY 2020: 11.4×FY 2021: 9.8×FY 2022: 13.0×FY 2023: 22.2×FY 2024: 44.3×FY 2025: -6.4×
FY 2016 5y median 13.0× FY 2025
EV/Sales 11.7×
FY 2016: 6.0×FY 2017: 7.4×FY 2018: 5.8×FY 2019: 5.5×FY 2020: 4.0×FY 2021: 4.6×FY 2022: 5.6×FY 2023: 3.6×FY 2024: 4.9×FY 2025: 11.7×
FY 2016 5y median 4.9× FY 2025
FCF Yield 8.6%
FY 2016: 4.3%FY 2017: 7.2%FY 2018: 11.4%FY 2019: 20.5%FY 2020: 10.4%FY 2021: 11.5%FY 2022: 13.4%FY 2023: 13.0%FY 2024: 0.2%FY 2025: 8.6%
FY 2016 5y median 11.5% FY 2025

Profitability

Gross Margin -29.5%
FY 2016: 83.6%FY 2017: 88.0%FY 2018: 82.2%FY 2019: 79.6%FY 2020: 78.3%FY 2021: 93.4%FY 2022: 87.5%FY 2023: 56.5%FY 2024: 51.2%FY 2025: -29.5%
FY 2016 5y median 56.5% FY 2025
Operating Margin -193.4%
FY 2016: 24.0%FY 2017: 30.6%FY 2018: 32.7%FY 2019: 32.9%FY 2020: 30.8%FY 2021: 41.5%FY 2022: 38.0%FY 2023: 12.2%FY 2024: 7.7%FY 2025: -193.4%
FY 2016 5y median 12.2% FY 2025
Net Margin -145.9%
FY 2016: 17.5%FY 2017: 21.1%FY 2018: 27.3%FY 2019: 27.4%FY 2020: 26.9%FY 2021: 35.3%FY 2022: 33.6%FY 2023: 8.8%FY 2024: 10.0%FY 2025: -145.9%
FY 2016 5y median 10.0% FY 2025
ROE -21.9%
FY 2016: 7.0%FY 2017: 7.2%FY 2018: 10.8%FY 2019: 10.1%FY 2020: 9.9%FY 2021: 12.0%FY 2022: 13.8%FY 2023: 3.9%FY 2024: 4.6%FY 2025: -21.9%
FY 2016 5y median 4.6% FY 2025
ROIC -42.0%
FY 2016: 3.6%FY 2017: 3.1%FY 2018: 4.8%FY 2019: 5.0%FY 2020: 5.1%FY 2021: 5.4%FY 2022: 4.6%FY 2023: 1.2%FY 2024: 1.2%FY 2025: -42.0%
FY 2016 5y median 1.2% FY 2025
ROA -2.3%
FY 2016: 0.8%FY 2017: 0.8%FY 2018: 1.3%FY 2019: 1.3%FY 2020: 1.2%FY 2021: 1.2%FY 2022: 1.2%FY 2023: 0.4%FY 2024: 0.5%FY 2025: -2.3%
FY 2016 5y median 0.5% FY 2025

Growth (YoY)

Revenue -71.0%
FY 2016: 22.2%FY 2017: 14.8%FY 2018: 24.0%FY 2019: 25.0%FY 2020: 4.8%FY 2021: -3.1%FY 2022: 12.8%FY 2023: 14.8%FY 2024: 11.3%FY 2025: -71.0%
FY 2016 FY 2025
Operating Income -829.5%
FY 2016: 17.8%FY 2017: 46.6%FY 2018: 32.5%FY 2019: 25.6%FY 2020: -1.8%FY 2021: 30.7%FY 2022: 3.1%FY 2023: -63.1%FY 2024: -29.9%FY 2025: -829.5%
FY 2016 FY 2025
EPS (diluted) -493.8%
FY 2016: -6.0%FY 2017: 20.3%FY 2018: 45.3%FY 2019: 10.9%FY 2020: 1.3%FY 2021: 27.7%FY 2022: 8.1%FY 2023: -70.1%FY 2024: 25.0%FY 2025: -493.8%
FY 2016 FY 2025
Free Cash Flow 5684.7%
FY 2016: -18.4%FY 2017: 91.9%FY 2018: 48.5%FY 2019: 146.6%FY 2020: -57.1%FY 2021: 43.9%FY 2022: -16.2%FY 2023: -7.7%FY 2024: -98.4%FY 2025: 5684.7%
FY 2016 FY 2025

Financial Health

Current Ratio 1.1×
FY 2016: 0.2×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.3×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.1×FY 2025: 1.1×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 1.1×
FY 2016: 0.2×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.3×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.1×FY 2025: 1.1×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 0.6×
FY 2016: 1.0×FY 2017: 1.3×FY 2018: 1.2×FY 2019: 0.9×FY 2020: 0.9×FY 2021: 1.1×FY 2022: 1.5×FY 2023: 1.4×FY 2024: 1.8×FY 2025: 0.6×
FY 2016 5y median 1.4× FY 2025
Net Debt / EBITDA -1.8×
FY 2016: 6.7×FY 2017: 9.7×FY 2018: 7.3×FY 2019: 5.6×FY 2020: 3.7×FY 2021: 2.0×FY 2022: 7.5×FY 2023: 10.0×FY 2024: 26.5×FY 2025: -1.8×
FY 2016 5y median 7.5× FY 2025
Interest Coverage -1.5×
FY 2016: 1.6×FY 2017: 2.9×FY 2018: 2.0×FY 2019: 1.7×FY 2020: 2.3×FY 2021: 5.6×FY 2022: 2.9×FY 2023: 0.3×FY 2024: 0.2×FY 2025: -1.5×
FY 2016 5y median 0.3× FY 2025

Dividends

Dividend Yield 3.4%
FY 2016: 1.5%FY 2017: 1.8%FY 2018: 2.5%FY 2019: 2.5%FY 2020: 3.0%FY 2021: 2.7%FY 2022: 4.2%FY 2023: 4.5%FY 2024: 4.0%FY 2025: 3.4%
FY 2016 5y median 4.0% FY 2025
Payout Ratio -19.6%
FY 2016: 35.2%FY 2017: 35.4%FY 2018: 29.0%FY 2019: 31.3%FY 2020: 30.9%FY 2021: 28.4%FY 2022: 29.7%FY 2023: 101.2%FY 2024: 80.0%FY 2025: -19.6%
FY 2016 5y median 29.7% FY 2025

Annual · latest fiscal year ends 2025-12-31