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Company Analysis

Horizon Bancorp, Inc. HBNC

A comprehensive view of key metrics, scores, and financial health for Horizon Bancorp, Inc.

Overview of Horizon Bancorp, Inc.

HBNC NMS
Financial Services Banks - Regional Small Cap
Horizon Bancorp, Inc. (HBNC), is a Small Cap company, in the Banks - Regional industry, last closed at $15.89, about 16.0% overvalued vs fair value, +1.9% 1Y return, ranked 958/1004 in sector.
$15.89
-0.19%
As of March 13, 2026
Previous close • Vol 90d: 28.7%
52-Week Range
Market Cap
$813.84M
Enterprise Value
$1.15B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.horizonbank.com
HQ Michigan City, IN
Employees 841
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$7
$13
$25
Current: $15.89 -16% vs base

Engine Room Money Flow™

Small Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$356.5M
14.1%%
Interest Expense
$133.3M
Net Interest Income
$188.6M
7.3%%
Total Revenue
$103.2M
-45%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
4.6%
Poor

Net Income / Equity - key bank profitability metric

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$21.3M
60.1% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
2
Active Leaks
1/2
Improving
0
High Impact
1
Critical
Locked Leak
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Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Horizon Bancorp, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
16
/100
Weak
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Weak
14
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 91% Coverage
Trade-Off Triangle Visualization A ternary plot showing HBNC's balance between Growth (3.3%), Profitability (34.8%), and Safety (61.9%). Growth 3% Safety 62% Profitability 35%

Click axes to expand details. Marker shows current allocation.

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Growth

- vs peers
1
Key Signals
Rev Growth YoY -45.0% 1p Revenue CAGR 3Y -24.7% 0p Asset Growth YoY -17.5% 0p
Strengths

No notable strengths identified for this axis.

Risks
  • Growth in bottom 20% of peers (percentile: 0)
  • Rev Growth Yoy in bottom 20% of peers (-45.0%)

Profitability

10th percentile vs peers
10
Key Signals
Strengths
Risks
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Safety

18th percentile vs peers
19
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Horizon Bancorp, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$13.34
- - -
-16.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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