Stock AnalizHorizon Bancorp Inc. HBNC
Major Banks · data as of November 13, 2026
Horizon Bancorp Inc. (HBNC) is a financial company listed in the US with a market value of about $1.1B. In the twelve months to September 30, 2026 it had revenue of $301M and net income of $107M, a net margin of 35.4%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is future growth (0/5).
Key numbers: a P/E of 9.4, a price to free cash flow of 9.8, 5-year revenue growth of -100% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 17% below the current price.
Score: 2.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Pays a dividend
- 20% to 100% of free cash flow returned to shareholders
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $301M | $0 | $192M | $188M | $247M | $234M | $225M | $204M | $169M | $145M | $121M |
| Net income | $107M | -$150M | $35M | $28M | $93M | $87M | $68M | $67M | $53M | $33M | $24M |
| Free cash flow | $111M | $74M | $1M | $81M | $88M | $105M | $73M | $170M | $69M | $46M | $24M |
| EPS (diluted) | $2.26 | $-3.24 | $0.80 | $0.64 | $2.14 | $1.98 | $1.55 | $1.53 | $1.38 | $0.95 | $0.79 |
| Net margin | 35.4% | — | 18.5% | 14.9% | 37.8% | 37.3% | 30.4% | 32.6% | 31.4% | 22.8% | 19.7% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $24.00, 13% above the current price; targets range from $23.00 to $25.00; the consensus rating is “Strong buy”; expected EPS is $2.14 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Horizon Bancorp’s P/E ratio?
About 9.4, based on the last twelve months of diluted earnings per share (forward P/E about 9.7).
Is Horizon Bancorp stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 17% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Horizon Bancorp pay a dividend?
Yes. The dividend yield is about 3.01%, and it has paid dividends for 10 years in our data.
Is Horizon Bancorp a good stock to buy?
We do not give buy or sell advice. Horizon Bancorp scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.