Horizon Bancorp, Inc.

NASDAQ•HBNC

CEO: Mr. Thomas M. Prame

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2002-01-09

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, individual retirement accounts, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage, home equity, auto, personal, business, agricultural, and SBA loans, as well as credit cards. 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; 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.

Contact Information

515 Franklin Street, Michigan City, IN, 46360, United States

219-879-0211

www.horizonbank.com

Market Cap

$872.23M

P/E (TTM)

-5.8

13.9

Dividend Yield

3.8%

52W High

$19.07

52W Low

$12.70

52W Range

68%

Rank39Top 39.1%

4.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$100.75M+59.64%

4-Quarter Trend

EPS

$0.53-312.00%

4-Quarter Trend

FCF

$0.00-100.00%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Loss Reported Significant $222.0M net loss for the quarter driven by $299.1M pre-tax loss from investment securities sale.

Core NII and NIM Growth Net Interest Income rose 24.5% to $58.4M; Net FTE Margin expanded 86 basis points to 3.52% year-over-year.

Asset Quality Remains Strong Non-performing loan ratio held steady at 0.61% of HFI loans; Allowance for Credit Losses stood at $50.2M.

Capital Ratios Well Maintained Consolidated Total Risk-Based Capital ratio remained strong at 15.00%, meeting all well-capitalized requirements.

Risk Factors

Balance Sheet Repositioning Impact Major balance sheet repositioning resulted in a $1.1B asset decrease and significant realized loss impacting quarterly earnings.

Commercial Credit Weakness Noted Commercial non-accrual loans totaled $12.3M, reflecting defined credit weakness in that segment requiring close attention.

Interest Rate Sensitivity Exposure Interest rate risk analysis indicates potential $6.0M decrease in net interest income if rates fall 200 basis points.

Equity Decline from Operations Stockholders' equity declined $102.8M from year-end due to retained earnings reduction from net loss and dividends.

Outlook

Favorable Mix Supports NIM Management expects continued favorable mix shift toward higher-yielding loans to support net interest margin expansion.

Balanced Loan Portfolio Growth Company maintains balanced growth profile across geographies and products, supported by $278.4M organic commercial loan growth.

Meeting Capital Requirements Company and Bank met all capital adequacy requirements, remaining well capitalized under Basel III regulations.

Debt Structure Optimization Completed redemption of 2030 Subordinated Notes using proceeds from the August 2025 issuance of new notes.

Peer Comparison

Revenue (TTM)

AMTB

$655.25M

+14.0%

MCB

$527.15M

+7.1%

BFST

$511.93M

+11.8%

Gross Margin (Latest Quarter)

CCBG

88.4%

+2.5pp

CCNE

77.1%

+17.6pp

HBNC

74.4%

+40.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
AMTB	$911.63M	17.0	5.6%	10.6%
MBWM	$902.69M	9.6	13.5%	12.1%
NBN	$901.08M	10.8	17.3%	10.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.4%

Flat Growth

4Q Net Income CAGR

4.0%

Profitability Slowly Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 21, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data