Horizon Bancorp, Inc.
Description
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.
About
CEO
Mr. Thomas M. Prame
Employees
818
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
515 Franklin Street, Michigan City, IN 46360, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 20, 2026 | — | — | — | — |
| Oct 21, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Jan 23, 2025 | 0.25 | 0.65 | 0.40 | 160.00% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 5 | 5 | 5 | 5 |
| Average estimate | 0.41 | 0.44 | 1.78 | 1.90 |
| Low estimate | 0.40 | 0.42 | 1.72 | 1.83 |
| High estimate | 0.42 | 0.46 | 1.80 | 2.00 |
| Last year EPS | 0.32 | 0.32 | 1.68 | 1.78 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
26.880%
Next qtr. (Jun 2025)
38.750%
Current year (Dec 2025)
5.830%
Next year (Dec 2026)
6.400%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 182.76M | 241.56M | 228.27M | 219.93M | 195.22M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 84.69M | 82.84M | 76.43M | 72.94M | 82.09M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 39.00M | 105.58M | 102.45M | 78.37M | 79.84M |
| Tax provision | 11.02M | 12.18M | 15.36M | 9.87M | 13.30M |
| Net income | 27.98M | 93.41M | 87.09M | 68.50M | 66.54M |
| Basic EPS | 0.64 | 2.14 | 1.99 | 1.56 | 1.53 |
| Diluted EPS | 0.64 | 2.14 | 1.98 | 1.55 | 1.53 |
| Basic average shares | 43.63M | 43.57M | 43.80M | 44.04M | 43.49M |
| Diluted average shares | 43.63M | 43.57M | 43.80M | 44.04M | 43.49M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 27.98M | 93.41M | 87.09M | 68.50M | 66.54M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 528.72M | 126.32M | 598.29M | 258.68M | 107.29M |
| Other short term investments | 547.25M | 997.56M | 1.16B | 1.13B | 834.78M |
| Accounts receivable | 38.71M | 35.29M | 26.14M | 21.40M | 18.83M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 31.31M | 30.26M | 28.08M | 27.22M | 27.29M |
| Machinery furniture equipment | 37.88M | 35.04M | 33.14M | 29.94M | 27.48M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -64.24M | -58.60M | -54.28M | -50.75M | -46.23M |
| Goodwill | 324.05M | 327.66M | 330.09M | 325.43M | 329.16M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 13.63M | 17.24M | 20.94M | 22.96M | 26.68M |
| Investments and advances | 2.49B | 3.02B | 2.71B | 1.30B | 1.04B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 22.25M | 5.38M | 2.24M | 2.71M | 3.06M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 899.82M | 742.26M | 697.48M | 480.69M | 447.11M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | 429.02M | 429.39M | 363.74M | 301.42M | 269.74M |
| Other shareholders equity | -66.61M | -106.20M | 7.35M | 27.85M | 6.43M |
| Total shareholders equity | 718.81M | 677.38M | 723.21M | 692.22M | 656.02M |
| Additional paid in capital | 356.40M | 354.19M | 352.12M | 362.95M | 379.85M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 27.98M | 93.41M | 87.09M | 68.50M | 66.54M | 53.12M | 33.12M | 23.91M | 20.55M | 18.10M | 19.88M | 19.54M | 12.80M | 10.46M | 9.14M | 8.97M | 8.14M | 7.48M | 7.09M | 6.94M | 6.53M | 5.50M | 4.13M | 3.78M | -354,000 | 1.28M | 1.72M | 3.82M | 3.04M |
| Depreciation | 11.97M | 13.10M | 13.88M | 12.33M | 9.69M | 6.81M | 5.94M | 5.28M | 4.15M | 3.78M | 3.36M | 2.88M | 2.52M | 2.32M | 3.01M | 2.06M | 2.40M | 2.71M | 2.28M | 2.19M | 2.40M | 1.44M | 1.48M | 1.55M | 1.41M | 1.14M | 1.37M | 1.04M | 892,000 |
| Deferred Taxes | -3.32M | 2.18M | 2.31M | -9.42M | — | — | — | — | — | — | — | — | 108,000 | -113,000 | -713,000 | -485,000 | -225,000 | -78,000 | 174,000 | -458,000 | -525,000 | -703,000 | -808,000 | -157,000 | -98,000 | 392,000 | — | — | — |
| Stock-Based Compensation | 3.59M | 2.48M | 1.82M | 1.34M | 215,000 | 251,000 | 325,000 | 324,000 | 288,000 | 203,000 | 48,000 | 33,000 | 35,000 | 30,000 | 39,000 | 39,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 3.48M | 7.44M | 13.73M | 9.30M | 1.74M | 4.49M | 11.10M | 10.15M | 6.77M | 4.34M | 18.14M | 13.38M | 6.72M | 4.13M | -720,000 | -36,000 | 3.06M | -691,000 | 3.10M | -418,000 | 9.74M | 371,000 | 1.28M | -2.14M | 16.75M | 1.76M | 196,000 | 1.85M | 1.92M |
| Accounts Receivable | -3.42M | -9.16M | -4.22M | -2.57M | -2.10M | -1.18M | -2.59M | -544,000 | -1.01M | -398,000 | 215,000 | -225,000 | -152,000 | — | -278,000 | 189,000 | — | — | — | — | — | — | — | — | -531,000 | 15,000 | -48,000 | 684,000 | -93,000 |
| Accounts Payable | 16.87M | 3.15M | -493,000 | -350,000 | 205,000 | 1.15M | 152,000 | -275,000 | -11,000 | -50,000 | -54,000 | -126,000 | -185,000 | -354,000 | -775,000 | -790,000 | — | — | — | — | — | — | — | — | 103,000 | 143,000 | — | — | — |
| Other Assets & Liabilities | -8.47M | -18.78M | 6.69M | -5.77M | 96.94M | 3.27M | -1.40M | -9.51M | 6.87M | -5.24M | 9.41M | -3.03M | 1.26M | 4.59M | -5.39M | -327,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 48.68M | 93.81M | 120.80M | 73.36M | 173.22M | 67.90M | 46.64M | 29.33M | 37.61M | 20.74M | 50.99M | 32.45M | 23.11M | 21.06M | 4.31M | 9.62M | 13.37M | 9.43M | 12.64M | 8.25M | 18.15M | 6.61M | 6.08M | 3.03M | 17.28M | 4.72M | 3.24M | 7.39M | 5.76M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -7.78M | -6.43M | -1.44M | -5.87M | -4.61M | -3.43M | -2.69M | -1.38M | -5.62M | -6.26M | -6.32M | -6.98M | -2.44M | -2.41M | -4.07M | -5.01M | -3.00M | -3.88M | -1.42M | -2.61M | -2.21M | -1.49M | -545,000 | -651,000 | -1.36M | -3.42M | -3.74M | -4.06M | -1.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | 622.18M | — | 128.75M | — | 44.15M | 169.51M | 182.41M | 7.18M | — | 26.28M | — | 6.14M | — | — | — | — | -2.90M | — | — | — | — | — | — | -785,000 | — | — | — |
| Purchase of Investments | -11.67M | -610.66M | -1.77B | -590.31M | -425.88M | -243.08M | -181.17M | -271.39M | -276.80M | -98.21M | -180.94M | -113.95M | -202.93M | -228.57M | -162.45M | -117.70M | -51.82M | -91.79M | -39.13M | -171.18M | -216.33M | -76.91M | -24.64M | -13.66M | -152.52M | -64.49M | -8.04M | -40.79M | -38.26M |
| Sale of Investments | 548.89M | 142.08M | 318.26M | 356.43M | 256.81M | 131.68M | 98.96M | 300.43M | 128.88M | 131.38M | 123.42M | 132.17M | 168.18M | 215.81M | 127.55M | 51.07M | 62.57M | 125.81M | 61.22M | 103.23M | 105.59M | 37.07M | 28.70M | 11.72M | 41.40M | 2.77M | 18.05M | 6.39M | 15.96M |
| Investing Cash Flow | 594.37M | -518.42M | -829.06M | -238.01M | -42.01M | -121.84M | -27.52M | 194.29M | 32.15M | 41.79M | -62.34M | 42.20M | -36.50M | 1.38M | -31.29M | -73.41M | -46.43M | -65.67M | -73.74M | -192.03M | -33.67M | -111.18M | -70.43M | -2.00M | -118.24M | -47.85M | 19.67M | -21.01M | -3.06M |
| Financing Activities | |||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 866.10M | 1.18B | 244.55M | 192.63M | — | — | — | — | — | — | — | — | — | — | — | 65.53M | 220.00M | — | 107.00M | 89.85M | 148.04M | 161.85M | 212.00M | 50.32M | 107.27M | 127.99M | — | — | — |
| Long-Term Debt Payments | -657.29M | -755.61M | -76.37M | -221.38M | -71.04M | -13.59M | — | — | — | — | — | — | 109.46M | -31.98M | -40.37M | 65.53M | -160.94M | -17.66M | -115.10M | -76.12M | -169.18M | -120.03M | -182.03M | -80.00M | -15.00M | -58.00M | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | — | 8,000 | 77,000 | 18,000 | 8,000 | 68,000 | 469,000 | — | — | -3,000 | 12.00M | — | — | — | — | 500,000 | 20.10M | 3.00M |
| Financing Cash Flow | 180.50M | 899.12M | 135.81M | -166.33M | -90.17M | -28.39M | -10.12M | -20.35M | -2.04M | -4.71M | -3.83M | -3.30M | 100.17M | -41.44M | -43.55M | 153.96M | 57.21M | 14.82M | -43.90M | 74.29M | -26.62M | 54.67M | 16.99M | -21.26M | 103.93M | 54.64M | 1.21M | 9.98M | -1.76M |
| Other Cash Details | |||||||||||||||||||||||||||||
| End Cash Position | 526.52M | 123.51M | 593.51M | 249.71M | 98.83M | 58.49M | 59.98M | 53.42M | 48.65M | 43.48M | 31.72M | 30.74M | 20.45M | 15.68M | 68.70M | 36.00M | 55.03M | 58.81M | 39.25M | 18.25M | 45.46M | 35.69M | 18.63M | 35.05M | 34.84M | 31.87M | 20.36M | 20.34M | 22.07M |
| Income Tax Paid | 2.14M | 802,000 | 1.65M | 10.59M | 13.22M | 6.82M | 10.35M | 6.92M | 4.12M | 2.80M | 3.10M | 8.13M | 2.70M | 3.88M | 3.16M | 2.94M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 119.69M | 33.37M | 18.78M | 34.79M | 46.51M | 30.45M | 15.97M | 20.57M | 13.84M | 13.23M | 13.56M | 14.36M | 16.69M | 21.23M | 28.67M | 33.68M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 81.16M | 87.95M | 104.91M | 72.99M | 169.76M | 68.85M | 46.38M | 24.17M | 29.61M | 11.41M | 40.65M | 19.36M | 19.97M | 22.50M | 10.65M | 14.17M | 14.98M | -4.89M | 9.80M | 11.71M | 10.76M | 2.48M | 3.27M | 1.28M | 15.21M | 1.30M | 165,000 | 5.04M | 3.89M |
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