profit from every $100 of sales.
$0$100
Horizon Bancorp
$21.27+0.38% today
+32.3% in 1 year
1-year low $15.571-year high $21.44
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2024.
0%20% a year
You pay $30.83 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Horizon Bancorp sold, what it kept, and what it did with the cash.
Sales went from $242 million in 2022 to -$31.3 million in 2025, with -$150 million of profit last year.
SalesProfit
Horizon Bancorp handed back 40% of the cash it generated last year.
$29M
Free cash flow 2025$74M
Bought back its own shares–
Paid as dividends$29M
Cash vs. debt$139M vs. $316M
Horizon Bancorp vs. similar companies
Horizon Bancorp grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Horizon Bancorp | 30.8× · Expensive | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Horizon Bancorp's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 242 | 183 | 187 | -31 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 93 | 28 | 35 | -150 | |
| 2.14 | 0.64 | 0.80 | -3.42 | |
| – | – | – | – | |
| – | – | – | – | |
| 38.7% | 15.3% | 18.9% | 480.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 7,873 | 7,940 | 7,801 | 6,437 |
| Cash | 126 | 529 | 294 | 139 |
| Total debt | 742 | 900 | 1,256 | 316 |
| Total liabilities | 7,195 | 7,222 | 7,038 | 5,748 |
| 677 | 719 | 764 | 688 | |
| 44 | 44 | 44 | 47 | |
| – | – | – | – | |
| 13.8% | 3.9% | 4.6% | -21.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 94 | 89 | 6 | 79 | |
| 6 | 8 | 5 | 5 | |
| 88 | 81 | 1 | 74 | |
| Dividends paid | 28 | 28 | 28 | 29 |
| 0 | 0 | 0 | – | |
| 2 | 4 | 5 | 2 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 30.8×
- 10.1×
- –
- 1.3×
- 5.8×
- 3.2%
- 3.6%
Profitability
- 18.9%
- -2.2%
- 0.1%
- -20.9%
- -2.3%
Growth
- −11.9%
- −38.9%
- +5.9%
- +3.9%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 5%of 848
Bottom 15%of 880
Bottom 10%of 878
Bottom 26%of 932
What analysts expect
- Average price target
- $20.50
- Range
- $20.00 – $21.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 0.51 | 0.48 | +6.3% |
| Jan 21, 2026 | 0.53 | 0.50 | +6.0% |
| Oct 22, 2025 | 0.30 | 0.46 | −34.8% |
| Jul 23, 2025 | 0.47 | 0.44 | +6.8% |
| Apr 23, 2025 | 0.54 | 0.40 | +35.0% |
| Jan 22, 2025 | 0.36 | 0.39 | −7.7% |
| Oct 23, 2024 | 0.41 | 0.37 | +10.8% |
| Jul 24, 2024 | 0.32 | 0.31 | +3.2% |
3.6%of the share price, paid each year
On $1,000 invested$36a year at today's yield, before tax
+5.9%2020 to 2025
Raised–not every year
Paid per share, each year
$0.19 in 2015 → $0.64 in 2025
How safe it looks
80.0% of its profit
Room to growStretchedMore than it earns: 2,206.2%
News
New Horizon Aircraft Ltd. Q1 2027 Earnings Call SummaryYahoo Finance · Oct 9, 2026Alerus, Horizon Bancorp, IBCP upgraded at Piper, two stocks downgradedSeeking Alpha · Oct 2, 2026SK Telecom's SK Horizon Spinoff: A New AI Growth Engine for SKM?Yahoo Finance · Aug 28, 2026IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5%Yahoo Finance · Aug 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
16No pass
Benjamin Graham
44No pass
Philip Fisher
20No pass
Peter Lynch
27No pass
Joel Greenblatt
7No pass
Charlie Munger
24No pass
Terry Smith
18No pass
Questions about Horizon Bancorp
Is Horizon Bancorp a good stock to buy?
A solid business, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Horizon Bancorp AI analysis
What does Horizon Bancorp do?
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 various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. It is in Banks - Regional.
Does Horizon Bancorp pay a dividend?
Yes. At today's price the dividend is 3.6% a year, about 80% of its yearly profit. In 2025 it paid out $29.5 million in dividends.
Is Horizon Bancorp stock halal?
No. Horizon Bancorp does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Horizon Bancorp stock done over the past year?
Up 32.3% over the past twelve months, to $21.27. It traded between $15.57 and $21.44, close to its high.
Who are Horizon Bancorp's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Horizon Bancorp's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.