WallStSmart

Horizon Bancorp (HBNC)vsICICI Bank Limited (IBN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ICICI Bank Limited generates -16449973% more annual revenue ($2.04T vs $-12.38M). IBN leads profitability with a 27.5% profit margin vs 0.0%. IBN appears more attractively valued with a PEG of 0.53. IBN earns a higher WallStSmart Score of 71/100 (B).

HBNC

Buy

59

out of 100

Grade: C

Growth: 4.7Profit: 4.5Value: 6.0Quality: 4.0
Piotroski: 3/9Altman Z: 0.04

IBN

Strong Buy

71

out of 100

Grade: B

Growth: 6.7Profit: 7.5Value: 6.3Quality: 3.5
Piotroski: 2/9Altman Z: -0.29

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HBNC4 strengths · Avg: 9.0/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Operating MarginProfitability
43.5%10/10

Strong operational efficiency at 43.5%

PEG RatioValuation
0.808/10

Growing faster than its price suggests

Revenue GrowthGrowth
16.9%8/10

16.9% revenue growth

IBN5 strengths · Avg: 8.8/10
Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

Market CapQuality
$105.63B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.538/10

Growing faster than its price suggests

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Areas to Watch

HBNC4 concerns · Avg: 3.3/10
EPS GrowthGrowth
3.7%4/10

3.7% earnings growth

Market CapQuality
$1.03B3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

IBN2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Altman Z-ScoreHealth
-0.292/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : HBNC

The strongest argument for HBNC centers on Price/Book, Operating Margin, PEG Ratio. Revenue growth of 16.9% demonstrates continued momentum. PEG of 0.80 suggests the stock is reasonably priced for its growth.

Bull Case : IBN

The strongest argument for IBN centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 27.5% and operating margin at 38.5%. Revenue growth of 11.4% demonstrates continued momentum.

Bear Case : HBNC

The primary concerns for HBNC are EPS Growth, Market Cap, Profit Margin.

Bear Case : IBN

The primary concerns for IBN are Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

HBNC profiles as a growth stock while IBN is a mature play — different risk/reward profiles.

HBNC carries more volatility with a beta of 0.81 — expect wider price swings.

HBNC is growing revenue faster at 16.9% — sustainability is the question.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IBN scores higher overall (71/100 vs 59/100), backed by strong 27.5% margins and 11.4% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Horizon Bancorp

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Horizon Bancorp, Inc. is the banking holding company for Horizon Bank providing a range of commercial and retail banking services. The company is headquartered in Michigan City, Indiana.

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ICICI Bank Limited

FINANCIAL SERVICES · BANKS - REGIONAL · USA

ICICI Bank Limited offers various banking products and financial services in India and internationally. The company is headquartered in Mumbai, India.

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