Stocktoria

HORIZON BANCORP INC /IN/ HBNC

Nasdaq · stock · State Commercial Banks · website · IPO 2001-12-20

HORIZON BANCORP INC /IN/ statistics & valuation

Market cap$1.0B
P / B1.5×
P / FCF14.0×
Dividend yield2.83%
Return on equity-21.9%
Net debt$109.1M
Enterprise value USD$1.2B

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.00% 7.20% 10.80% 10.10% 9.90% 12.00% 13.80% 3.90% 4.60% -21.90% 2016201720182019202020212022202320242025
Shares outstanding
30.1M 38.3M 38.5M 45.0M 44.1M 44.0M 43.9M 44.1M 44.2M 51.2M 2016201720182019202020212022202320242025
Net debt ($)
$225.3M $119.2M $1.14B $826.5M $938.8M $109.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.80% 1.30% 1.30% 1.20% 1.20% 1.20% 0.40% 0.50% -2.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.69× 0.99× 1.69× 1.88× 1.61× 0.36× 2016201720182019202020212022202320242025
EPS ($)
$0.79 $0.95 $1.38 $1.53 $1.55 $1.98 $2.14 $0.64 $0.80 -$3.24 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HORIZON BANCORP INC /IN/ trades at about 25.7× earnings — above its 10-year norm (10-year range 7.3×–21.6×, median 13.6×).

7.3× 25.7×

Shaded band = 10-year range (7.3×–21.6×); dot = today's 25.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets-2.3%0.5%0.4%1.2%1.2%1.2%1.3%1.3%0.8%0.8%
Return on equity-21.9%4.6%3.9%13.8%12.0%9.9%10.1%10.8%7.2%7.0%
Debt / equity0.36×1.61×1.88×1.69×0.99×0.69×————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.