HBNC Horizon Bancorp Inc

  1. Stocks
  2. Financial Services
  3. NASDAQ: HBNC

Price (delayed)

$11.09

Market cap

$489.22M

P/E Ratio

6.52

Dividend/share

$0.64

EPS

$1.7

Enterprise value

$1.78B

Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern and central Michigan through its commercial banking subsidiary, Horizon Bank.

Highlights
HBNC's P/E is 29% below its 5-year quarterly average of 9.0 but 4.8% above its last 4 quarters average of 6.1
The equity is up by 8% YoY but it is down by 2.2% from the previous quarter
HBNC's debt is up by 27% year-on-year
HBNC's EPS is down by 21% YoY and by 10% QoQ
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.accesshorizon.com
Peers: GABC THFF ONB SRCE

Key stats

What are the main financial stats of HBNC
Market
Shares outstanding
44.11M
Market cap
$489.22M
Enterprise value
$1.78B
Valuations
Price to earnings (P/E)
6.52
Price to book (P/B)
0.71
Price to sales (P/S)
2.22
EV/EBIT
21.87
EV/EBITDA
19.1
EV/Sales
8.1
Earnings
Revenue
$220.44M
EBIT
$81.61M
EBITDA
$93.42M
Free cash flow
$82.5M
Per share
EPS
$1.7
Free cash flow per share
$1.87
Book value per share
$15.72
Revenue per share
$5
TBVPS
$176.6
Balance sheet
Total assets
$7.96B
Total liabilities
$7.27B
Debt
$1.47B
Equity
$693.37M
Working capital
N/A
Liquidity
Debt to equity
2.12
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
13.87
Margins
EBITDA margin
42.4%
Gross margin
100%
Net margin
33.7%
Operating margin
37%
Efficiency
Return on assets
0.9%
Return on equity
10.7%
Return on invested capital
0.9%
Return on capital employed
N/A
Return on sales
37%
Dividend
Dividend yield
5.77%
DPS
$0.64
Payout ratio
37.6%

HBNC stock price

How has the Horizon Bancorp stock price performed over time
Intraday
2.02%
1 week
0%
1 month
18.86%
1 year
-30.34%
YTD
-26.46%
QTD
3.84%

Financial performance

How have Horizon Bancorp's revenue and profit performed over time
Revenue
$220.44M
Gross profit
$220.44M
Operating income
$81.61M
Net income
$74.36M
Gross margin
100%
Net margin
33.7%
The operating income has contracted by 24% YoY and by 9% from the previous quarter
HBNC's net income is down by 21% year-on-year and by 9% since the previous quarter
The operating margin has contracted by 14% YoY and by 6% from the previous quarter
The gross profit fell by 11% YoY and by 3.9% QoQ

Growth

What is Horizon Bancorp's growth rate over time

Valuation

What is Horizon Bancorp stock price valuation
P/E
6.52
P/B
0.71
P/S
2.22
EV/EBIT
21.87
EV/EBITDA
19.1
EV/Sales
8.1
HBNC's P/E is 29% below its 5-year quarterly average of 9.0 but 4.8% above its last 4 quarters average of 6.1
HBNC's EPS is down by 21% YoY and by 10% QoQ
The stock's price to book (P/B) is 31% less than its 5-year quarterly average of 1.0 and 14% less than its last 4 quarters average of 0.8
The equity is up by 8% YoY but it is down by 2.2% from the previous quarter
The P/S is 30% below the 5-year quarterly average of 3.1
HBNC's revenue is down by 11% year-on-year and by 3.9% since the previous quarter

Efficiency

How efficient is Horizon Bancorp business performance
The ROIC has contracted by 31% YoY and by 10% from the previous quarter
HBNC's return on assets is down by 25% year-on-year and by 10% since the previous quarter
HBNC's ROE is down by 23% YoY and by 11% QoQ
HBNC's ROS is down by 14% YoY and by 6% QoQ

Dividends

What is HBNC's dividend history
Dividend details
DPS
$0.64
Dividend yield
5.77%
Payout ratio
37.6%
Recent dividends

Financial health

How did Horizon Bancorp financials performed over time
HBNC's total assets is 10% greater than its total liabilities
The total liabilities has grown by 2.7% YoY
HBNC's total assets is up by 3.1% year-on-year
HBNC's debt is 112% greater than its equity
HBNC's debt is up by 27% year-on-year
Horizon Bancorp's debt to equity has increased by 18% YoY and by 2.4% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.