Skip to main content
    H

    Horizon Bancorp (HBNC)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $19.33
    +0.34 (+1.79%)

    Market Cap: $975.03M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    64%(25/39)
    Avg Surprise
    +11.15%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.54
    Range$0.53 - $0.55
    5 analysts
    EPS Revisions
    2
    0
    7d
    2
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.54+0.2%
    60d ago$0.540.0%
    30d ago$0.540.0%
    7d ago$0.540.0%
    Current$0.54
    Revenue Consensus
    $78M
    Range$78M - $78M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.60
    Range$0.57 - $0.62
    5 analysts
    Revenue Consensus
    $79M
    Range$78M - $80M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.60---
    Sep 26EST
    		-$0.54---
    Jun 26
    Reported Jul 22
    		$0.49$0.51-3.92%Miss+4.3%
    Mar 26
    Reported Apr 22
    		$0.51$0.48+6.25%Beat-5.6%
    Dec 25
    Reported Jan 21
    		$0.52$0.50+4.00%Beat-20.0%
    Sep 25
    Reported Oct 22
    		$1.63$0.48+239.58%Beat+297.6%
    Jun 25
    Reported Jul 23
    		$0.47$0.44+6.82%Beat+46.9%
    Mar 25
    Reported Apr 23
    		$0.54$0.43+25.58%Beat+68.8%
    Dec 24
    Reported Jan 22
    		$0.65$0.37+75.68%Beat+97.0%
    Sep 24
    Reported Oct 23
    		$0.41$0.37+10.81%Beat+10.8%
    Jun 24
    Reported Jul 24
    		$0.32$0.31+3.23%Beat-22.0%
    Mar 24
    Reported Apr 24
    		$0.32$0.31+3.23%Beat-25.6%
    Dec 23
    Reported Jan 24
    		$0.33$0.31+6.45%Beat-31.2%
    Sep 23
    Reported Oct 25
    		$0.37$0.36+2.78%Beat-32.7%
    Jun 23
    Reported Jul 26
    		$0.41$0.38+7.89%Beat-26.8%
    Mar 23
    Reported Apr 26
    		$0.43$0.41+4.88%Beat-20.4%
    Dec 22
    Reported Jan 25
    		$0.48$0.51-5.88%Miss-11.1%
    Sep 22
    Reported Oct 26
    		$0.55$0.60-8.33%Miss+5.8%
    Jun 22
    Reported Jul 27
    		$0.56$0.53+5.66%Beat+12.0%
    Mar 22
    Reported Apr 27
    		$0.54$0.47+14.89%Beat+22.7%
    Dec 21
    Reported Jan 26
    		$0.54$0.53+1.89%Beat+3.8%
    Sep 21
    Reported Oct 27
    		$0.52$0.47+10.64%Beat+15.6%
    Jun 21
    Reported Jul 27
    		$0.50$0.44+13.64%Beat+56.3%
    Mar 21
    Reported Apr 28
    		$0.44$0.41+7.32%Beat+83.3%
    Dec 20
    Reported Jan 27
    		$0.52$0.40+30.00%Beat+26.8%
    Sep 20
    Reported Oct 28
    		$0.45$0.36+25.00%Beat+0.0%
    Jun 20
    Reported Jul 29
    		$0.32$0.22+45.45%Beat-17.9%
    Mar 20
    Reported Apr 29
    		$0.24$0.30-20.00%Miss-29.4%
    Dec 19
    Reported Jan 29
    		$0.41$0.42-2.38%Miss+24.2%
    Sep 19
    Reported Oct 23
    		$0.45$0.42+7.14%Beat+32.4%
    Jun 19
    Reported Jul 24
    		$0.39$0.38+2.63%Beat+18.2%
    Mar 19
    Reported Apr 24
    		$0.34$0.33+3.03%Beat+17.2%
    Dec 18
    Reported Jan 29
    		$0.33$0.37-10.81%Miss+22.2%
    Sep 18
    Reported Oct 29
    		$0.34$0.38-10.53%Miss+25.9%
    Jun 18
    Reported Jul 25
    		$0.33$0.35-5.71%Miss+26.9%
    Mar 18
    Reported Apr 25
    		$0.29$0.32-9.38%Miss+26.1%
    Dec 17
    Reported Jan 24
    		$0.27$0.29-6.90%Miss+8.0%
    Sep 17
    Reported Oct 25
    		$0.27$0.30-10.00%Miss-
    Jun 17
    Reported Jul 27
    		$0.26$0.29-10.34%Miss-
    Mar 17
    Reported Apr 25
    		$0.23$0.27-14.81%Miss-
    Dec 16
    Reported Jan 25
    		$0.25$0.28-10.71%Miss-

    Dividends

    Dividend Metrics

    Forward Yield3.31%
    Forward Annual Dividend$0.64
    Payout Ratio92.68%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+1.06%
    5Y CAGR+5.92%
    HBNC dividend history and ex-dividend datesRun HBNC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio6.14EV/EBITDAN/A
    Price/FCF10.35xFCF Yield9.67%
    Profitability
    Profit Margin0.00%Operating Margin43.50%
    ROE-19.00%ROIC-11.11%
    Financial Health
    Debt/Equity0.83xInterest Coverage0.16x
    Current Ratio0.21xQuick Ratio0.21x
    Trading Statistics
    Beta0.83Avg Volume682.04K
    52-Week High$20.8652-Week Low$14.59

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$19.28
    SMA 20$19.13
    SMA 50$19.47
    SMA 200$18.30
    EMA 10$19.21
    EMA 20$19.23
    EMA 50$19.34
    EMA 200$18.36

    MACD

    Line: -0.05Signal: -0.08Hist: 0.03

    ADX

    ADX: 29.8+DI: 17.4-DI: 26.4

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down60.0
    PSAR$18.71

    Bollinger Bands

    Upper Band$19.60
    Lower Band$18.66
    %B Position489%(Upper)
    Band Width0.71

    RSI (14-Day)

    Neutral
    51.5

    Momentum Oscillators

    Stoch %K50.4
    Stoch %D51.7
    Williams %R-35.9
    ROC (10d)2.1%
    Momentum0.41
    CCI (20d)35.0
    MFI (14d)42.3

    Volatility Measures

    ATR (14d)$0.41(2.1%)
    StdDev (20d)0.23
    Hist Vol18.1%(Low)

    Volume Flow

    VWAP$19.29
    OBV5.7M
    AD Line-262.4M
    CMF (20d)-0.685

    Volume Metrics

    Avg Vol (20d)696.3K
    Vol Ratio0.8x
    VWMA (20d)$19.15

    Pivot Points

    R3$19.49
    R2$19.33
    R1$19.16
    Pivot Point$19.00
    S1$18.83
    S2$18.67
    S3$18.50

    Advanced Oscillators

    TSI-4.98
    Ultimate Osc41.3
    KST-12.30

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$100.52M$97.89M$100.75M$-203,735,000$101.17M$104.98M$63.11M$101.36M$96.43M$94.47M$61.72M$90.83M
    Cost of Revenue$25.93M$24.80M$25.81M$30.88M$38.58M$38.28M$41.39M$45.02M$44.07M$42.78M$42.53M$38.30M
    Gross Profit$74.59M$73.09M$74.94M$-234,613,000$62.58M$66.70M$21.72M$56.34M$52.36M$51.69M$19.19M$52.54M
    Operating Expenses$43.84M$40.75M$40.62M$51.72M$38.19M$38.62M$43.65M$38.24M$36.48M$36.39M$37.98M$35.05M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$27.89M$27.38M$36.73M$24.04M$23.95M$23.70M$26.76M$23.03M$21.90M$21.59M$23.08M$21.36M
    Operating Income$30.74M$32.34M$34.32M$-286,328,000$24.39M$28.08M$-21,933,000$18.11M$15.87M$15.30M$-18,796,000$17.49M
    Interest Income$88.51M$86.65M$89.29M$92.84M$91.48M$89.17M$93.35M$90.89M$86.98M$85.26M$83.51M$80.13M
    Interest Expense$25.02M$24.41M$25.81M$34.45M$36.12M$36.91M$40.22M$43.98M$41.70M$41.98M$41.26M$38.03M
    Income Before Tax$30.74M$32.34M$32.69M$-286,328,000$24.39M$28.08M$-21,933,000$18.11M$15.87M$15.30M$-18,796,000$17.49M
    Income Tax Expense$5.84M$6.18M$5.77M$-64,338,000$3.75M$4.14M$-11,051,000$-75,000$1.73M$1.31M$6.42M$1.28M
    Net Income$24.91M$26.17M$26.92M$-221,990,000$20.64M$23.94M$-10,882,000$18.18M$14.14M$13.99M$-25,215,000$16.20M
    EBITDA$30.74M$35.80M$35.52M$-281,047,000$27.33M$31.07M$-18,750,000$21.11M$18.86M$18.43M$-15,578,000$20.43M
    EBITN/A$32.34M$34.32M$-286,328,000$24.40M$28.08M$-21,933,000$18.11M$15.87M$15.30M$-18,796,000$17.49M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about HBNC

    News

    Horizon Bancorp (IN) Q3 2026 Earnings Date and Estimates

    Horizon Bancorp (IN) (NASDAQ: HBNC) is projected to announce its Q3 2026 earnings on Wednesday, October 21, 2026, after the market closes, with a conference call scheduled for October 22...

    MarketBeat•10/10/26•Bullish

    Alerus, Horizon Bancorp, IBCP upgraded at Piper, two stocks downgraded (ALRS:NASDAQ)

    Piper Sandler upgraded Alerus Financial (ALRS), Horizon Bancorp (HBNC), and Independent Bank (IBCP) from Neutral to Overweight following a selloff in small-cap Midwest bank stocks. Conversely...

    Seeking Alpha•10/2/26•Somewhat-Bullish

    The third-quarter results release comes after markets close Oct. 21; Horizon Bancorp's call follows next morning.

    Horizon Bancorp (HBNC) announced it will host a conference call on October 22, 2026, to discuss its third-quarter 2026 financial results. The results will be released after market close on October 21...

    Stock Titan•10/2/26•Neutral

    Horizon Bancorp, Inc. Announces Conference Call to Review Third Quarter Results on October 22

    Horizon Bancorp, Inc. will host a conference call on Thursday, October 22, 2026, at 7:30 a.m. CT to discuss its third-quarter 2026 financial results. The company's third-quarter news release will be issued after market...

    GlobeNewswire•10/2/26•Neutral

    An October 22 conference call will follow Horizon Bancorp (HBNC)'s Q3 earnings release.

    Horizon Bancorp, Inc. (HBNC) will release its third-quarter 2026 financial results after market close on October 21, 2026. A conference call to discuss these results is scheduled for October 22, 2026...

    Stock Titan•10/1/26•Neutral

    HBNC Valuation and Fair Value

    P/E
    6.1x
    Forward P/E
    11.1x
    P/FCF
    10.3x
    PEG
    0.8x
    P/B
    1.4x
    See GNG's fair value

    HBNC Profitability: Margins, ROIC and FCF

    Gross margin
    -12.6%
    Operating margin
    43.5%
    Net margin
    0.0%
    ROIC
    -11.1%
    ROE
    -19.0%
    FCF margin
    100.4%
    FCF yield
    9.7%

    HBNC Competitors

    CompanyTicker
    Equity Bancshares, Inc.EQBK
    NB Bancorp, Inc. Common StockNBBK
    Goldman Sachs BDC IncGSBD
    Camden National CorporationCAC
    Mercantile Bank CorporationMBWM
    TrustCo Bank Corp NYTRST
    Business First Bancshares IncBFST
    Selective Insurance Group, Inc.SIGIP

    Sector: Financial Services

    HBNC Analyst Ratings

    Consensus
    Buy
    Analysts
    5
    Strong Buy
    1
    Buy
    3
    Hold
    1
    Sell
    0
    Strong Sell
    0

    HBNC Bull Case vs Bear Case

    Bull case

    • HBNC converts 100.4% of revenue into free cash flow.
    • HBNC beat EPS estimates in 87.5% of its last 8 reported quarters.
    • HBNC grew quarterly revenue 16.9% year over year.

    HBNC Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    45.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.54
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 1 down

    HBNC Dividend

    Forward yield
    3.3%
    Payout ratio
    92.7%
    3Y DPS growth
    1.1%
    5Y DPS growth
    5.9%
    Pay months
    Jan, Apr, Jul, Oct
    HBNC dividend history

    Frequently Asked Questions About HBNC

    What is HBNC's current dividend yield?

    Horizon Bancorp (HBNC) has a forward dividend yield of 3.31%.

    Does HBNC pay dividends?

    Yes, Horizon Bancorp pays dividends with a forward dividend yield of 3.31%.

    What is HBNC's P/E ratio?

    Horizon Bancorp has a price-to-earnings (P/E) ratio of 6.14.

    What is HBNC's market cap?

    Horizon Bancorp (HBNC) has a market capitalization of $975.03M with a current stock price of $19.33.

    Related stocks

    Sector: Financial Services

    All stocks starting with H

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In