Horizon Bancorp Inc (IN)
Exchange: NASDAQSector: Financial ServicesIndustry: Banks - Regional
Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern, central and the Great Lakes Bay regions of Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
Did you know?
Free cash flow has been growing at -12.9% annually.
Current Price
$18.32
+1.22%GoodMoat Value
$17.29
5.6% overvaluedProfile
Valuation (TTM)
Market Cap$938.30M
P/E-6.24
EV—
P/B1.36
Shares Out51.22M
P/Sales—
Revenue$-28.86M
EV/EBITDA—
Horizon Bancorp Inc (IN) (HBNC) Stock Analysis
Market Cap$938.30M
Current Price$18.32
P/E Ratio-6.24
Forward P/E—
PEG Ratio0.02
EPS$-3.24
Book Value$13.44
P/B Ratio1.36
HBNC Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -12.9% FCF growth (CAGR)
Cash vs Debt
Net Debt: 265M
Revenue
202M
FY19
204M
FY20
236M
FY21
249M
FY22
185M
FY23
186M
FY24
—
FY25
Net Income
67M
FY19
68M
FY20
87M
FY21
93M
FY22
28M
FY23
35M
FY24
—
FY25
HBNC 52-Week Range
$13.91
$18.50
50-Day MA: $16.91200-Day MA: $16.44
Did you know?
Free cash flow has been growing at -12.9% annually.
Horizon Bancorp Inc (IN) (HBNC) Financial Summary
Horizon Bancorp Inc (IN) (HBNC) is a Financial Services company in the Banks - Regional industry, listed on NASDAQ. The stock currently trades at $18.32 with a market capitalization of $938.30M.
Key valuation metrics include a P/E ratio of -6.24, price-to-book ratio of 1.36, and EPS of $-3.24. and return on equity of -21.9%.
HBNC Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $938.30M |
| P/E Ratio | -6.24 |
| EPS | $-3.24 |
| P/B Ratio | 1.36 |
| Dividend Yield | 3.14% |
| Return on Equity | -21.9% |
| Debt/Equity | 0.59 |
HBNC Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $201.87M | $66.54M |
| FY20 | $204.40M | $68.50M |
| FY21 | $235.84M | $87.09M |
| FY22 | $248.78M | $93.41M |
| FY23 | $185.28M | $27.98M |
| FY24 | $186.19M | $35.43M |
| FY25 | $-28.86M | $-150.48M |
Horizon Bancorp Inc (IN) (HBNC) Valuation
Based on GoodMoat's DCF model, Horizon Bancorp Inc (IN) has a fair value estimate of $17.29. At the current price of $18.32, the stock appears 6.0% overvalued relative to our intrinsic value estimate.
About Horizon Bancorp Inc (IN)
Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern, central and the Great Lakes Bay regions of Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
HBNC Free Cash Flow
Horizon Bancorp Inc (IN) generated $74.28M in trailing twelve-month free cash flow, representing an FCF yield of 7.92%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
HBNC Shares Outstanding
Horizon Bancorp Inc (IN) has 0.05 billion shares outstanding at a share price of $18.32, giving it a market capitalization of $938.30M.