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Horizon Bancorp Inc
Horizon Bancorp Inc (HBNC) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Michigan City, United States and has 465 employees. The company is worth $1.03B. Revenue was -$26.97M in fiscal 2025, down 114.1% from the year before. It reported a net loss of $150.48M. The share price is 5.0% below its 52-week high of $21.04. It pays a dividend yielding 3.20%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $19.38M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +0.3% over 5Y.
today you would have $1,265.48▲ +26.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $16.96 | $16.11 | $14.31 | $15.08 | $20.85 | $15.86 | $19.00 | $15.78 | $18.53 | $18.67 | $12.43 | $11.62 | $11.26 | $8.73 | $5.13 | $5.25 | $3.20 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CFFNCapitol Federal Financial, Inc. | $8.33 | 12.8x | 1.0x | 4.08% | 8.01% | $1.03B |
| BFSTBusiness First Bancshares, Inc. | $31.31 | 11.1x | 1.1x | 1.92% | 10.01% | $1.02B |
| MCBSMetroCity Bankshares, Inc. | $35.13 | 12.2x | 1.8x | 3.07% | 15.91% | $1.01B |
| CCNECnb Financial Corp |
| 11.6x |
| — |
| 20.1x |
| 22.4x |
| 7.0x |
| 10.5x |
| 10.2x |
| 12.4x |
| 11.4x |
| 19.5x |
| 23.6x |
| 14.8x |
| 13.7x |
| 11.7x |
| 8.5x |
| 7.7x |
| 9.8x |
| 6.8x |
| P/S | 3.2x | — | 3.7x | 3.4x | 2.7x | 3.9x | 3.1x | 4.2x | 3.6x | 4.9x | 5.1x | 3.2x | 2.7x | 2.5x | 2.0x | 1.3x | 1.3x | — |
| P/B | 1.2x | 1.3x | 0.9x | 0.9x | 1.0x | 1.3x | 1.0x | 1.3x | 1.2x | 1.6x | 1.8x | 1.3x | 1.2x | 1.3x | 1.1x | 0.7x | 0.8x | — |
| EPS | -$3.24 | $0.80 | $0.64 | $2.14 | $1.98 | $1.55 | $1.53 | $1.38 | $0.95 | $0.79 | $0.84 | $0.85 | $0.96 | $1.02 | $0.67 | $0.54 | $0.47 |
| Dividend yield | 2.54% | 3.77% | 3.97% | 4.47% | 4.11% | 2.54% | 3.03% | 2.32% | 2.45% | 1.73% | 1.43% | 1.54% | 1.95% | 1.66% | 1.90% | 2.69% | 2.56% | 4.19% |
| Payout | 28.36% | — | 80.00% | 100.00% | 28.97% | 26.77% | 30.97% | 28.76% | 28.02% | 33.68% | 33.76% | 22.75% | 26.77% | 19.35% | 16.23% | 20.60% | 24.98% | 28.69% |
| Profit margin | 22.77% | 558.04% | 18.49% | 14.90% | 37.82% | 37.26% | 30.42% | 32.64% | 31.43% | 22.80% | 19.69% | 19.92% | 20.28% | 22.77% | 22.85% | 18.71% | 15.48% | 14.59% |
| ROE | 9.31% | -21.86% | 4.64% | 3.89% | 13.79% | 12.04% | 9.90% | 10.14% | 10.80% | 7.25% | 7.02% | 7.70% | 9.31% | 12.08% | 12.29% | 10.54% | 9.31% | 7.98% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.7% a year against a 8.2% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
2 methods answered, across 2 families.
Room for errors in the reported numbers.
+68.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $35.24 |
| 10.6x |
| 1.3x |
| 2.16% |
| 12.42% |
| $1.04B |
| MBWMMercantile Bank Corp | $60.42 | 10.8x | 1.4x | 2.65% | 13.63% | $1.04B |
| IGICInternational General Insurance Holdings Ltd. | $24.61 | 9.9x | 1.5x | 5.69% | 16.26% | $1.05B |