HBNC
Horizon Bancorp
NASDAQ: HBNC · FINANCIAL SERVICES · BANKS - REGIONAL
$18.10
+1.06% today
Updated 2026-04-30
Market cap
$921.58M
P/E ratio
—
P/S ratio
3.76x
EPS (TTM)
$-3.28
Dividend yield
3.59%
52W range
$14 – $19
Volume
0.4M
Horizon Bancorp (HBNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.82M | $87.34M | $84.07M | $90.52M | $85.19M | $80.87M | $95.58M | $96.12M | $97.71M | $111.64M | $136.40M | $156.65M | $194.24M | $242.76M | $254.37M | $246.57M | $278.07M | $220.47M | $355.38M | $103.17M |
| Revenue growth (YoY) | — | +10.8% | -3.7% | +7.7% | -5.9% | -5.1% | +18.2% | +0.6% | +1.7% | +14.3% | +22.2% | +14.8% | +24.0% | +25.0% | +4.8% | -3.1% | +12.8% | -20.7% | +61.2% | -71.0% |
| Cost of revenue | $38.04M | $45.33M | $40.45M | $41.50M | $32.43M | $21.78M | $17.85M | $15.42M | $16.28M | $17.02M | $22.38M | $18.85M | $34.51M | $49.52M | $55.19M | $16.22M | $34.70M | $76000.00 | $173.27M | $133.56M |
| Gross profit | $40.78M | $42.01M | $43.61M | $49.02M | $52.76M | $59.09M | $77.74M | $80.70M | $81.43M | $94.63M | $114.02M | $137.80M | $159.74M | $193.24M | $199.18M | $230.35M | $243.37M | $324.30M | $182.11M | $-30.39M |
| Gross margin | 51.7% | 48.1% | 51.9% | 54.2% | 61.9% | 73.1% | 81.3% | 84.0% | 83.3% | 84.8% | 83.6% | 88.0% | 82.2% | 79.6% | 78.3% | 93.4% | 87.5% | 147.1% | 51.2% | -29.5% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $16.43M | $17.15M | $22.27M | $26.99M | $23.73M | $24.09M | $29.49M | $32.12M | $33.86M | $39.21M | $45.57M | $52.42M | $58.07M | $65.46M | $72.94M | $76.43M | $82.84M | $81.98M | $93.28M | $108.42M |
| Operating income | $10.32M | $10.87M | $10.83M | $11.21M | $13.40M | $16.98M | $27.99M | $26.92M | $24.26M | $27.78M | $32.71M | $47.95M | $63.56M | $79.84M | $78.37M | $102.45M | $105.58M | $39.00M | $27.35M | $-199.53M |
| Operating margin | 13.1% | 12.4% | 12.9% | 12.4% | 15.7% | 21.0% | 29.3% | 28.0% | 24.8% | 24.9% | 24.0% | 30.6% | 32.7% | 32.9% | 30.8% | 41.5% | 38.0% | 17.7% | 7.7% | -193.4% |
| EBITDA | $13.03M | $13.27M | $12.89M | $14.22M | $15.72M | $19.50M | $30.86M | $30.28M | $28.04M | $31.93M | $37.99M | $53.89M | $70.37M | $89.53M | $90.70M | $116.32M | $118.68M | $39.00M | $39.65M | $-187.62M |
| EBITDA margin | 16.5% | 15.2% | 15.3% | 15.7% | 18.4% | 24.1% | 32.3% | 31.5% | 28.7% | 28.6% | 27.9% | 34.4% | 36.2% | 36.9% | 35.7% | 47.2% | 42.7% | 17.7% | 11.2% | -181.9% |
| EBIT | $10.32M | $10.87M | $10.83M | $11.21M | $13.40M | $16.98M | $27.99M | $26.92M | $24.26M | $27.78M | $32.71M | $47.95M | $63.56M | $79.84M | $78.37M | $102.45M | $105.58M | $39.00M | $27.35M | $-199.52M |
| Interest expense | $37.13M | $42.26M | $32.88M | $27.89M | $20.88M | $16.50M | $14.32M | $13.50M | $13.22M | $13.85M | $20.54M | $16.38M | $31.60M | $47.54M | $34.44M | $18.30M | $36.52M | $146.28M | $167.88M | $133.29M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $7.48M | $8.14M | $8.97M | $9.14M | $10.46M | $12.80M | $19.54M | $19.88M | $18.10M | $20.55M | $23.91M | $33.12M | $53.12M | $66.54M | $68.50M | $87.09M | $93.41M | $27.98M | $35.43M | $-150.48M |
| Net income growth (YoY) | — | +8.8% | +10.2% | +1.9% | +14.4% | +22.4% | +52.7% | +1.7% | -8.9% | +13.5% | +16.4% | +38.5% | +60.4% | +25.3% | +2.9% | +27.1% | +7.3% | -70.0% | +26.6% | -524.7% |
| Profit margin | 9.5% | 9.3% | 10.7% | 10.1% | 12.3% | 15.8% | 20.4% | 20.7% | 18.5% | 18.4% | 17.5% | 21.1% | 27.3% | 27.4% | 26.9% | 35.3% | 33.6% | 12.7% | 10.0% | -145.9% |