Ticker
    HBNC

    Price
    12.02
    Stock movement up
    +0.13 (1.09%)
    Company name
    Horizon Bancorp
    Exchange
    (NASDAQ
    ,
    Currency
    USD
    )
    Sector
    Financial Services >
    Banks-Regional
    Market cap
    523.80M
    Ent value
    7.59B
    Price/Sales
    2.17
    Price/Book
    0.77
    Div yield
    5.32%
    Div growth
    10.60%
    Growth years
    10
    FCF payout
    19.93%
    Trailing P/E
    5.61
    Forward P/E
    6.79
    PEG
    -
    EPS growth
    17.32%
    1 year return
    13.83%
    3 year return
    -13.65%
    5 year return
    -5.84%
    10 year return
    1.88%
    Last updated: 2024-04-08
    Horizon Bancorp goes ex dividend tomorrow
    April 3, 2024

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp: All In All, A Positive Q4 2023
    January 31, 2024

    iO Charts is a Seeking Alpha partner

    DIVIDENDS

    Dividend yield - 5y

    Dividend yield data
    Dividend per share0.64
    Dividend yield5.32%
    Payout frequencyQuarterly
    Maximum yield8.26%
    Average yield3.92%
    Minimum yield2.47%
    Discount to avg yield26.35%
    Upside potential35.78%
    Yield as % of max yield64.48%

    Yield distribution (inverse percentile) - 5y

    Yield distribution data
    Dividend yield5.32%
    Current yield distribution15.56%
    Yield at 100% (Min)2.47%
    Yield at 90%2.78%
    Yield at 80%2.91%
    Yield at 50% (Median)3.41%
    Yield at 20%5.06%
    Yield at 10%5.86%
    Yield at 0% (Max)8.26%

    Dividend per share

    Dividend per share data
    Years of growth10 years
    CCC statusDividend Contender
    Dividend per share0.64
    Payout frequencyQuarterly
    Ex-div date4 Apr 2024
    EPS (TTM)2.14
    EPS (1y forward)1.77
    EPS growth (5y)17.32%
    EPS growth (5y forward)-

    Dividend growth

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    Dividend growth data
    HBNCS&P500
    DGR MR6.67%-16.32%
    DGR TTM-4.05%
    DGR 3 years10.06%5.24%
    DGR 5 years10.60%5.40%
    DGR 10 years13.12%7.07%
    DGR 15 years9.68%6.12%
    Time since last change announced665 days
    EPS growth (5y)17.32%
    EPS growth (5y forward)-

    Payout ratio

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    Payout ratio data
    EPS coverageFCF coverage
    TTM29.72%19.93%
    Average29.53%21.60%
    Forward36.16%-
    Horizon Bancorp, Inc. (HBNC) Q4 2023 Earnings Call Transcript
    January 25, 2024

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp, Inc. 2023 Q4 - Results - Earnings Call Presentation
    January 25, 2024

    iO Charts is a Seeking Alpha partner

    VALUATION

    Valuation Ratios

    Valuation Ratios data
    Trailing P/E5.61
    Price to OCF3.59
    Price to FCF3.76
    Price to EBITDA3.07
    EV to EBITDA44.46

    Valuation (Sales/Book Value)

    Valuation (Sales/Book Value) data
    Price to Sales2.17
    Price to Book0.77
    EV to Sales31.43
    Horizon Bancorp GAAP EPS of -$0.58 misses by $0.12, revenue of $21.81M misses by $30.53M
    January 24, 2024

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp goes ex dividend tomorrow
    January 3, 2024

    iO Charts is a Seeking Alpha partner

    FINANCIALS

    Per share

    Per share data
    Current share count43.58M
    EPS (TTM)2.14
    FCF per share (TTM)3.20

    Income statement

    Income statement data
    Revenue (TTM)241.56M
    Gross profit (TTM)247.86M
    Operating income (TTM)105.58M
    Net income (TTM)93.41M
    EPS (TTM)2.14
    EPS (1y forward)1.77

    Margins

    Margins data
    Gross margin (TTM)102.61%
    Operating margin (TTM)43.71%
    Profit margin (TTM)38.67%

    Balance Sheet

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    Balance Sheet data
    Cash126.32M
    Net receivables35.29M
    Total current assets838.37M
    Goodwill155.21M
    Intangible assets17.24M
    Property, plant and equipment0.00
    Total assets7.87B
    Accounts payable5.38M
    Short/Current long term debt1.26B
    Total current liabilities5.86B
    Total liabilities7.20B
    Shareholder's equity677.38M
    Net tangible assets504.93M

    Cash flow

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    Cash flow data
    Operating cash flow (TTM)145.76M
    Capital expenditures (TTM)6.43M
    Free cash flow (TTM)139.33M
    Dividends paid (TTM)27.77M

    Financial returns

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    Financial returns data
    Return on Equity13.79%
    Return on Assets1.19%
    Return on Invested Capital4.82%
    Cash Return on Invested Capital7.20%
    Horizon Bancorp repositions balance sheet with AFS securities sales
    December 12, 2023

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp finance chief Mark Secor to step down
    November 7, 2023

    iO Charts is a Seeking Alpha partner

    STOCK INFORMATION

    Stock chart

    Stock price data
    Open11.98
    Daily high12.08
    Daily low11.97
    Daily Volume104K
    All-time high23.45
    1y analyst estimate17.40
    Beta0.90
    EPS (TTM)2.14
    Dividend per share0.64
    Ex-div date4 Apr 2024
    Next earnings date25 Apr 2024

    Downside potential

    Downside potential data
    HBNCS&P500
    Current price drop from All-time high-48.74%-0.85%
    Highest price drop-67.20%-56.47%
    Date of highest drop10 Mar 20099 Mar 2009
    Avg drop from high-19.53%-11.35%
    Avg time to new high26 days13 days
    Max time to new high1267 days1805 days
    Horizon Bancorp: Negative Earnings Outlook Doesn't Dampen The Appeal Of A 6% Dividend Yield
    November 7, 2023

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp, Inc. (HBNC) Q3 2023 Earnings Call Transcript
    October 26, 2023

    iO Charts is a Seeking Alpha partner

    COMPANY DETAILS
    HBNC (Horizon Bancorp) company logo
    Marketcap
    523.80M
    Marketcap category
    Small-cap
    Description
    Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers saving, money market, and time deposits, as well as non-interest and interest bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit cards; treasury management; online and mobile banking; wealth, retirement, and estate and trust services; individual retirement accounts; and sells various insurance products. It operates through full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
    Employees
    852
    Website
    https://www.horizonbank.com
    Investor relations
    SEC filings
    HBNC SEC filings
    CEO
    Craig Dwight
    Country
    USA
    City
    Michigan City
    Stock type
    Common stock
    CCC status
    Dividend Contender
    Dividend Frequency
    Quarterly
    EVENTS AND PRESENTATIONS
    EventsPresentations
    Horizon Bancorp, Inc. 2023 Q1 - Results - Earnings Call Presentation
    October 26, 2023

    iO Charts is a Seeking Alpha partner

    Horizon Bancorp GAAP EPS of $0.37 beats by $0.01, revenue of $53.92M misses by $0.88M
    October 25, 2023

    iO Charts is a Seeking Alpha partner

    UNDERSTAND THE BUSINESS
    COMPANY NEWS
    Seeking AlphaPress releases
    Horizon Bancorp goes ex dividend tomorrow
    October 4, 2023
    Horizon Bancorp: Depressed Valuation Still Doesn't Constitute A Buy
    August 22, 2023
    Horizon Bancorp: More Stability Than The Previous Quarter
    August 11, 2023
    Horizon Bancorp, Inc. (HBNC) Q2 2023 Earnings Call Transcript
    July 28, 2023
    Horizon Bancorp, Inc. 2023 Q2 - Results - Earnings Call Presentation
    July 27, 2023
    Horizon Bancorp GAAP EPS of $0.43, revenue of $57.2M
    July 26, 2023
    Horizon Bancorp goes ex dividend tomorrow
    July 5, 2023
    Horizon Bancorp: Attractive Dividend Yield And Upside, But Negative Earnings Outlook
    May 24, 2023
    Horizon Bancorp, Inc. (HBNC) Q1 2023 Earnings Call Transcript
    April 29, 2023
    Horizon Bancorp, Inc. 2023 Q1 - Results - Earnings Call Presentation
    April 29, 2023
    iO Charts is a Seeking Alpha partnerNext page
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