HBNCNasdaqState Commercial BanksFiscal year ends December 31
HORIZON BANCORP INC /IN/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$19.22−0.24 (-1.23%)
Close on Oct 19, 2026
- Market cap
- $986.08M
- P/E (TTM)
- –
- Dividend yield
- 3.33%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Free cash flow | +5684.7% | -5.5% | +0.3% | +9.6% | |
| Dividend per share | 0.0% | +0.5% | +5.9% | +9.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.9% | 10.2% | -20.7% | |
| Return on assets | 0.8% | 1.2% | -2.1% | |
| Capex to revenue | 1.1% | 2.6% | – | |
| Diluted shares | 30M | 44M | 46M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Horizon Bancorp generated $375.27M from operations and spent $171.95M on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
Generated
$375.27M
Used
$171.95M
Capital expenditure$25.68M15%Dividends$138.66M81%Share buybacks$7.61M4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.5%
×Asset turnover0.02×
×Equity multiplier10.62×
=Return on equity, FY20244.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 18.5% | 0.02× | 10.62× | 4.8% |
| FY2023 | 14.9% | 0.02× | 11.33× | 4.0% |
| FY2022 | 37.8% | 0.03× | 10.91× | 13.3% |
| FY2021 | 37.3% | 0.04× | 9.40× | 12.3% |
| FY2020 | 30.4% | 0.04× | 8.26× | 10.2% |
| FY2019 | 32.6% | 0.04× | 8.27× | 11.6% |
| FY2018 | 31.4% | 0.04× | 8.65× | 11.2% |
| FY2017 | 22.8% | 0.04× | 8.90× | 8.3% |
| FY2016 | 19.7% | 0.04× | 9.53× | 7.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$150.48M
- Cash generatingOperating cash flow above zero$79.23M
- Return on assets improvedROA up on the prior year0.4% → -1.9%
- Earnings backed by cashOperating cash flow above net income$79.23M vs -$150.48M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise44M → 46M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.02 → –