Horizon Bancorp (HBNC) Stock Price

Horizon Bancorp Price

NASDAQ·CLOSED
20.57USD+0.04 (+0.19 %)
Market closed

Over the last 19 years Horizon Bancorp grew revenue by 1.4% annually, reaching 103.17 M USD. Earnings per share have grown at 3.1% per year over the last 18 years. For Horizon Bancorp, the net margin of -145.9% is down versus 35.3% a few years ago. At today's price the dividend yield works out to roughly 3.11%. The dividend has grown at 2.2% per year over the past 19 years. The consensus 12-month price target for Horizon Bancorp is 21.93 USD, about 6.6% above where the stock trades today. Of 11 analysts, 8 rate the stock a buy — an overall Buy consensus. The stock trades about 38% above its 52-week low.

Horizon Bancorp stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Horizon Bancorp over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Horizon Bancorp stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Horizon Bancorp's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Horizon Bancorp Stock Price History
DateHorizon Bancorp Price
8/14/202620.57 USD
8/13/202620.53 USD
8/12/202620.53 USD
8/11/202620.38 USD
8/10/202620.22 USD
8/7/202620.42 USD
8/6/202620.48 USD
8/5/202620.68 USD
8/4/202620.83 USD
8/3/202620.77 USD
7/31/202620.45 USD
7/30/202620.58 USD
7/29/202620.92 USD
7/27/202620.22 USD
7/23/202620.05 USD
7/22/202620.21 USD
7/21/202620.41 USD
7/20/202620.21 USD
7/17/202620.30 USD
7/16/202620.56 USD
7/15/202619.86 USD
7/14/202619.62 USD
7/13/202619.58 USD
7/10/202619.58 USD
7/9/202619.48 USD
7/8/202619.38 USD
7/7/202619.64 USD
7/6/202619.84 USD
7/2/202619.78 USD
7/1/202620.48 USD
6/30/202619.98 USD
6/29/202619.90 USD
6/26/202620.29 USD
6/25/202619.78 USD
6/24/202619.80 USD
6/23/202619.68 USD
6/22/202619.46 USD
6/18/202619.42 USD
6/17/202619.45 USD
6/16/202619.33 USD
6/15/202619.57 USD
6/12/202619.52 USD
6/11/202619.33 USD
6/10/202619.46 USD
6/9/202619.18 USD
6/8/202618.90 USD
6/5/202618.83 USD
6/4/202618.60 USD
6/3/202618.26 USD
6/2/202618.58 USD
6/1/202618.17 USD
5/29/202618.54 USD
5/28/202618.25 USD
5/27/202618.62 USD
5/26/202618.63 USD
5/22/202618.44 USD
5/21/202618.24 USD
5/20/202618.35 USD
5/19/202617.92 USD
5/18/202617.90 USD
5/15/202617.60 USD
5/14/202617.88 USD
5/13/202617.75 USD
5/12/202618.07 USD
5/11/202618.13 USD
5/8/202618.49 USD
5/7/202618.56 USD
5/6/202618.62 USD
5/5/202618.47 USD
5/4/202618.06 USD
5/1/202618.32 USD
4/30/202618.10 USD
4/29/202617.91 USD
4/28/202618.39 USD
4/27/202618.05 USD
4/24/202617.83 USD
4/23/202617.80 USD
4/22/202617.55 USD
4/21/202617.68 USD
4/20/202617.97 USD
4/17/202618.01 USD
4/16/202617.58 USD
4/15/202617.75 USD
4/14/202617.74 USD
4/13/202617.70 USD
4/10/202617.70 USD
4/9/202617.61 USD
4/8/202617.35 USD
4/7/202616.93 USD
4/6/202616.88 USD
4/2/202616.76 USD
4/1/202616.77 USD
3/31/202616.57 USD
3/30/202616.36 USD
3/27/202616.21 USD
3/26/202616.34 USD
3/25/202616.23 USD
3/24/202616.26 USD
3/23/202616.20 USD
3/20/202615.82 USD
3/19/202615.92 USD
3/18/202615.92 USD
3/17/202615.89 USD
3/16/202615.96 USD
3/13/202615.89 USD
3/12/202615.92 USD
3/11/202616.00 USD
3/10/202616.17 USD
3/9/202616.30 USD
3/6/202616.29 USD
3/5/202616.71 USD
3/4/202616.90 USD
3/3/202616.93 USD
3/2/202617.03 USD
2/27/202616.84 USD
2/26/202617.63 USD
2/25/202617.52 USD
2/24/202617.19 USD
2/23/202616.89 USD
2/20/202618.08 USD
2/19/202617.94 USD
2/18/202618.12 USD
2/17/202618.10 USD
2/13/202618.01 USD
2/12/202617.77 USD
2/11/202618.14 USD
2/10/202618.40 USD
2/9/202618.68 USD
2/6/202618.58 USD
2/5/202618.25 USD
2/4/202618.19 USD
2/3/202618.04 USD
2/2/202617.96 USD
1/30/202617.62 USD
1/29/202617.49 USD
1/28/202617.25 USD
1/27/202617.56 USD
1/26/202617.38 USD
1/23/202617.60 USD
1/22/202618.63 USD
1/21/202618.24 USD
1/20/202617.27 USD
1/16/202617.51 USD
1/15/202617.67 USD
1/14/202617.33 USD
1/13/202617.03 USD
1/12/202617.07 USD
1/9/202617.03 USD
1/8/202617.13 USD
1/7/202616.67 USD
1/6/202616.86 USD
1/5/202616.86 USD
1/2/202616.54 USD
12/31/202516.96 USD
12/30/202517.04 USD
12/29/202517.28 USD
12/26/202517.46 USD
12/24/202517.60 USD
12/23/202517.67 USD
12/22/202517.82 USD
12/19/202518.08 USD
12/18/202518.31 USD
12/17/202518.13 USD
12/16/202518.36 USD
12/15/202518.46 USD
12/12/202518.47 USD
12/11/202518.38 USD
12/10/202518.15 USD
12/9/202517.63 USD
12/8/202517.43 USD
12/5/202517.29 USD
12/4/202517.37 USD
12/3/202517.45 USD
12/2/202517.25 USD
12/1/202517.16 USD
11/28/202517.14 USD
11/26/202517.23 USD
11/25/202517.06 USD
11/24/202516.42 USD
11/21/202516.38 USD
11/20/202515.72 USD
11/19/202515.74 USD
11/18/202515.63 USD
11/17/202515.65 USD
11/14/202516.14 USD
11/13/202516.08 USD
11/12/202516.14 USD
11/11/202516.21 USD
11/10/202516.06 USD
11/7/202516.00 USD
11/6/202515.86 USD
11/5/202515.97 USD
11/4/202515.62 USD
11/3/202515.73 USD
10/31/202515.60 USD
10/30/202515.70 USD
10/29/202515.85 USD
10/28/202516.24 USD
10/27/202516.26 USD
10/24/202516.56 USD
10/23/202515.60 USD
10/22/202515.96 USD
10/21/202515.73 USD
10/20/202515.63 USD
10/17/202515.31 USD
10/16/202515.12 USD
10/15/202515.72 USD
10/14/202515.95 USD
10/13/202515.26 USD
10/10/202514.96 USD
10/9/202515.56 USD
10/8/202516.16 USD
10/7/202516.20 USD
10/6/202516.18 USD
10/3/202515.88 USD
10/2/202515.95 USD
10/1/202516.10 USD
9/30/202516.01 USD
9/29/202516.13 USD
9/28/202516.13 USD
9/25/202516.20 USD
9/24/202516.11 USD
9/23/202516.25 USD
9/22/202516.27 USD
9/19/202516.50 USD
9/18/202516.84 USD
9/17/202516.13 USD
9/16/202516.13 USD
9/15/202516.25 USD
9/12/202516.27 USD
9/11/202516.43 USD
9/10/202516.37 USD
9/9/202516.43 USD
9/8/202516.63 USD
9/5/202516.67 USD
9/4/202516.82 USD
9/3/202516.64 USD
9/2/202516.74 USD
8/29/202516.80 USD
8/28/202516.88 USD
8/27/202516.60 USD
8/26/202516.35 USD
8/25/202515.66 USD
8/22/202515.11 USD
8/21/202515.14 USD
8/20/202514.92 USD
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Horizon Bancorp Revenue, Net Income

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Revenue
Net Income
Details
Date
Revenue
Net Income
Jan 1, 2020
254.37 M USD
68.50 M USD
Jan 1, 2021
246.57 M USD
87.09 M USD
Jan 1, 2022
278.07 M USD
93.41 M USD
Jan 1, 2023
220.47 M USD
27.98 M USD
Jan 1, 2024
355.38 M USD
35.43 M USD
Jan 1, 2025
103.17 M USD
-150.48 M USD
Jan 1, 2026 (e)
307.86 M USD
108.08 M USD
Jan 1, 2027 (e)
323.91 M USD
113.38 M USD

Horizon Bancorp Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 20, 2026, 3:09 AM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201220132014201520162017201820192020202120222023202420252026e2027e
95.0096.0097.00111.00136.00156.00194.00242.00254.00246.00278.00220.00355.00103.00307.00323.00
18.751.051.0414.4322.5214.7124.3624.744.96-3.1513.01-20.8661.36-70.99198.065.21
81.0583.3383.5184.6883.8287.8281.9679.7578.3593.5087.41147.2751.27-29.13-29.13-29.13
77.0080.0081.0094.00114.00137.00159.00193.00199.00230.00243.00324.00182.00-30.00-89.42-94.08
19.0019.0018.0020.0023.0033.0053.0066.0068.0087.0093.0027.0035.00-150.00108.00113.00
58.33–-5.2611.1115.0043.4860.6124.533.0327.946.90-70.9729.63-528.57-172.004.63
0.510.420.510.430.600.610.480.440.480.530.620.640.640.640.640.68
-20.31-17.6521.43-15.6939.531.67-21.31-8.339.0910.4216.983.23–––6.25
20.1720.3021.6627.0333.4337.9038.4945.1043.9043.7343.6743.6543.7251.2851.2851.28
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Horizon Bancorp generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Horizon Bancorp retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Horizon Bancorp's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Horizon Bancorp has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Horizon Bancorp's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Horizon Bancorp stock margins

The Horizon Bancorp margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Horizon Bancorp. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Horizon Bancorp.

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Profit margin
Details
Date
Profit margin
Jan 1, 2020
26.93 %
Jan 1, 2021
35.32 %
Jan 1, 2022
33.59 %
Jan 1, 2023
12.69 %
Jan 1, 2024
9.97 %
Jan 1, 2025
-145.86 %
Jan 1, 2026 (e)
35.11 %
Jan 1, 2027 (e)
35.00 %

Horizon Bancorp Revenue per Share, Earnings per Share

The Horizon Bancorp earnings per share therefore indicates how much revenue Horizon Bancorp has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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  • Max

Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2020
5.79 USD
1.56 USD
Jan 1, 2021
5.64 USD
1.99 USD
Jan 1, 2022
6.37 USD
2.14 USD
Jan 1, 2023
5.05 USD
0.64 USD
Jan 1, 2024
8.13 USD
0.81 USD
Jan 1, 2025
2.01 USD
-2.93 USD
Jan 1, 2026 (e)
6.04 USD
2.12 USD
Jan 1, 2027 (e)
6.35 USD
2.22 USD

Horizon Bancorp business model & stock analysis

Horizon Bancorp Inc is an American financial services company headquartered in Michigan City, Indiana. The company was founded in 1873 under the name First National Bank of LaPorte and has expanded over the years to other areas in Indiana, Michigan, and Illinois. Currently, Horizon Bancorp operates over 50 branches in these states. Horizon Bancorp offers a wide range of financial products and services to individual customers, businesses, and institutions. The company employs a customer-oriented business model based on customer satisfaction and long-term relationships. The company has always strived to expand its customer base through a combination of business acquisitions and organic growth. The products and services offered by Horizon Bancorp include checking accounts, savings accounts, credit cards, loans, mortgages, online banking, mobile banking, asset management, and investment funds. The company also provides specialized services for small businesses such as cash management, online payment solutions, consulting services, and working capital loans. Horizon Bancorp is organized into three main business segments: deposits, loans, and asset management. The deposits segment is responsible for managing savings deposits from individual and business customers. The loans segment provides loans to individual customers, businesses, and institutions. And the asset management segment encompasses all services related to the management of customer's assets. Of particular interest is the asset management, as Horizon Bancorp offers a variety of asset management solutions for its clients. Asset management services include asset management, comprehensive financial planning, customized investment advice, and support in estate and legacy planning. Overall, Horizon Bancorp has experienced stable and continuous growth in recent years. The company's total assets have exceeded the $5 billion mark. The company also has a strong growth track record, including a variety of acquisitions that contribute to improving market position and diversifying the product range. The company has also undertaken extensive initiatives to improve operational efficiency, including the implementation of technologies and tools to automate business processes. This helps to keep operating costs low and enhance customer satisfaction. Overall, Horizon Bancorp has evolved into a strong regional financial services provider in recent years, committed to serving its customers. The company remains dedicated to continuing its growth through organic growth and strategic acquisitions, providing its customers with innovative financial products and services. The answer to the question is Horizon Bancorp Inc is an American financial services company headquartered in Michigan City, Indiana, that offers a wide range of financial products and services to individuals, businesses, and institutions. It has a customer-oriented business model based on long-term relationships and aims to expand its customer base through acquisitions and organic growth. Horizon Bancorp provides services such as checking accounts, savings accounts, loans, mortgages, online and mobile banking, asset management, and investment funds. It operates over 50 branches in Indiana, Michigan, and Illinois. The company focuses on three main areas: deposits, loans, and asset management. It has a strong focus on asset management, offering various solutions for clients. Horizon Bancorp has experienced stable growth and improvement in its market position, thanks to acquisitions and a commitment to operational efficiency. The company is dedicated to its customers' needs and aims to continue growing through innovative financial products and services.

Horizon Bancorp SWOT Analysis

Strengths

1. Solid Financial Performance: Horizon Bancorp Inc has consistently demonstrated strong financial performance over the years, with steady revenue growth and healthy profits.

2. Strong Market Presence: The company has established a strong market presence in its core markets, with a wide network of branches and a large customer base. This provides a competitive advantage in attracting and retaining customers.

3. Diverse Product Portfolio: Horizon Bancorp Inc offers a diverse range of financial products and services, including personal and commercial banking, wealth management, and mortgage services. This allows the company to cater to a broad customer base and generate multiple revenue streams.

Weaknesses

1. Limited Geographic Presence: Despite its strong market presence in core markets, Horizon Bancorp Inc has limited geographic diversification. This exposes the company to regional economic fluctuations and may limit growth opportunities in untapped markets.

2. Vulnerability to Interest Rate Risk: As a financial institution, Horizon Bancorp Inc is exposed to interest rate risk. Fluctuations in interest rates can impact the company's profitability and net interest margin, potentially affecting its financial performance.

3. Reliance on Traditional Banking Channels: The company relies heavily on traditional banking channels, such as physical branches and in-person customer interactions. With the growing popularity of digital banking, this may pose challenges in meeting evolving customer preferences and expectations.

Opportunities

1. Acquisition and Expansion Opportunities: Horizon Bancorp Inc can explore potential acquisition opportunities to expand its geographic footprint or diversify its product offerings. This can help the company tap into new markets and unlock growth potential.

2. Embracing Digital Transformation: By investing in advanced technology and digital banking infrastructure, Horizon Bancorp Inc can enhance its customer experience, improve operational efficiency, and stay competitive in the evolving banking landscape.

3. Growing Demand for ESG Investments: As environmental, social, and governance (ESG) considerations gain prominence in the investment landscape, Horizon Bancorp Inc can capitalize on the growing demand for sustainable and responsible investment products to attract a new segment of socially conscious customers.

Threats

1. Intense Competitive Pressure: Horizon Bancorp Inc operates in a highly competitive banking industry, facing competition from large national banks, regional competitors, and emerging fintech startups. Heightened competition can potentially erode market share and impact profitability.

2. Regulatory and Compliance Challenges: Financial institutions are subject to stringent regulatory requirements and changes in compliance standards. Non-compliance or failure to adapt to regulatory changes could result in penalties, reputational damage, and operational disruptions for Horizon Bancorp Inc.

3. Economic Instability and Market Volatility: The banking industry is susceptible to economic downturns, financial market volatility, and geopolitical uncertainties. Adverse economic conditions and market disruptions can adversely impact the financial performance and stability of Horizon Bancorp Inc.

Horizon Bancorp Employees

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Horizon Bancorp Employees
Details
Date
Horizon Bancorp Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Horizon Bancorp Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Horizon Bancorp historical P/E ratio, EBIT multiple, and P/S ratio

Horizon Bancorp annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Horizon Bancorp shares outstanding

The number of shares of Horizon Bancorp was 51.28 M in 2025. This indicates how many shares Horizon Bancorp is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
43.90 M Stocks
Jan 1, 2021
43.73 M Stocks
Jan 1, 2022
43.67 M Stocks
Jan 1, 2023
43.65 M Stocks
Jan 1, 2024
43.72 M Stocks
Jan 1, 2025
51.28 M Stocks
Jan 1, 2026 (e)
51.28 M Stocks
Jan 1, 2027 (e)
51.28 M Stocks

Horizon Bancorp stock splits

In Horizon Bancorp's history, there have been no stock splits.

Horizon Bancorp Dividend History

26 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.48USDYTD—3×
Jan 2, 20260.16USD 0.0%1/3
Apr 2, 20260.16USD 0.0%2/3
Jul 2, 20260.16USD 0.0%3/3
20250.64USD 0.0%4×
Jan 3, 20250.16USD 0.0%1/4
Apr 4, 20250.16USD 0.0%2/4
Jul 3, 20250.16USD 0.0%3/4
Oct 3, 20250.16USD 0.0%4/4
20240.64USD 0.0%4×
20230.64USD↑ 3.2%4×
20220.62USD↑ 17.0%4×
20210.53USD↑ 10.4%4×
20200.48USD↑ 9.1%4×
20190.44USD↓ 8.3%4×
20180.48USD↓ 21.3%4×
20170.61USD↑ 1.7%5×

Horizon Bancorp dividend history and estimates

In 2025, Horizon Bancorp paid a dividend amounting to 0.64 USD. Dividend means that Horizon Bancorp distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020
0.48 USD
0.00 USD
Jan 1, 2021
0.53 USD
0.00 USD
Jan 1, 2022
0.62 USD
0.00 USD
Jan 1, 2023
0.64 USD
0.00 USD
Jan 1, 2024
0.64 USD
0.00 USD
Jan 1, 2025
0.64 USD
0.00 USD
Jan 1, 2026 (e)
0.32 USD
0.32 USD
Jan 1, 2027 (e)
0.00 USD
0.68 USD

Horizon Bancorp dividend payout ratio

In 2025, Horizon Bancorp had a payout ratio of -21.81%. The payout ratio indicates the percentage of the company's profits that Horizon Bancorp distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
30.77 %
Jan 1, 2021
26.61 %
Jan 1, 2022
28.98 %
Jan 1, 2023
99.84 %
Jan 1, 2024
78.98 %
Jan 1, 2025
-21.81 %
Jan 1, 2026 (e)
30.19 %
Jan 1, 2027 (e)
30.48 %

Current Horizon Bancorp forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
7.50 %
Buy
72.73 % (8)
Hold
27.27 % (3)
Sell
0.00 % (0)
12M Price Target
21.93
Last Price
20.13
Currency
USD
12M Return Potential
8.94 %
LTM Return
0 %

Horizon Bancorp Analyst Rating Actions

DateFirmActionRatingReliability
7/24/2026
Piper Sandler
Piper Sandler
MaintainedNeutral54
7/24/2026
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
MaintainedOutperform56
7/1/2026
Stephens & Co.
Stephens & Co.
MaintainedOverweight50
4/27/2026
Piper Sandler
Piper Sandler
MaintainedNeutral54
1/23/2026
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
MaintainedOutperform56
9/2/2025
Stephens & Co.
Stephens & Co.
MaintainedOverweight50
8/26/2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
UpgradeMarket PerformOutperform56
7/28/2025
Piper Sandler
Piper Sandler
MaintainedNeutral54
7/25/2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
MaintainedMarket Perform56
4/28/2025
Piper Sandler
Piper Sandler
MaintainedNeutral54

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Horizon Bancorp Earnings Calls

2025

Horizon Bancorp Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/22/20260.52USD-77.77 MUSD-2026 Q2
4/22/20260.49USD-75.45 MUSD-2026 Q1
1/21/20260.51USD-74.34 MUSD-2025 Q4
4/24/20240.27USD-51.95 MUSD-2024 Q1
1/23/20240.31USD-53.18 MUSD-2023 Q4
7/25/20230.51USD-66.55 MUSD-2023 Q2
4/25/20230.49USD-65.02 MUSD-2023 Q1
1/24/20230.52USD-66.02 MUSD-2022 Q4
10/26/20220.62USD-70.10 MUSD-2022 Q3
7/27/20220.53USD-64.69 MUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Horizon Bancorp stock

59/100
57
Environment
62
Social
59
Governance
E

Environment

20
Scope 1 - Direct Emissions—
Scope 2 - Indirect emissions from purchased energy—
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions—
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees—
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Horizon Bancorp shareholder structure

% Name
12.89193%
BLACKROCK, INC.
BLACKROCK, INC.
4.36953%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.08005%
SAPIENT CAPITAL LLC
SAPIENT CAPITAL LLC
3.85614%
DIMENSIONAL FUND ADVISORS LP
DIMENSIONAL FUND ADVISORS LP
3.55595%
PL CAPITAL ADVISORS, LLC
PL CAPITAL ADVISORS, LLC
3.25490%
STATE STREET CORP
STATE STREET CORP
...

Horizon Bancorp Beneficial Ownership Filings (SEC 13D/G)

Free Float
97.8%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
12.28%
Graham Crabtree
Graham Crabtree
SEC ↗
10.90%
William Nathan Salin Family Irrevocable Trust #1 (the “Trust”)
William Nathan Salin Family Irrevocable Trust #1 (the “Trust”)
SEC ↗
10.90%
Margaret Jane Salin
Margaret Jane Salin
SEC ↗
9.50%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
6.70%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
5.90%
(1)Names of reporting persons. BlackRock, Inc.
(1)Names of reporting persons. BlackRock, Inc.
SEC ↗
5.57%
2
2
SEC ↗
5.50%
BlackRock Portfolio Management LLC
BlackRock Portfolio Management LLC
SEC ↗
5.40%
30-0447847
30-0447847
SEC ↗
5.27%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗

Horizon Bancorp Executives and Management Board

18 members · avg. age 60 · 33 % women

JS

Mr. John Stewart (44)

Executive Vice President, Chief Financial Officer

1.86 M USD

Management

TP

Mr. Thomas Prame (54)

President, Chief Executive Officer, Director · since 2022

1.64 M USD
LK

Ms. Lynn Kerber (56)

Executive Vice President of Horizon and Horizon Bank, Chief Commercial Banking Officer of Horizon Bank

710,881.00 USD
MS

Mr. Mark Secor (58)

Executive Vice President, Chief Administration Officer

672,269.00 USD
KD

Mr. Kathie Deruiter (63)

Executive Vice President of Horizon and Horizon Bank, Senior Operations Officer of Horizon Bank

623,842.00 USD
TE

Mr. Todd Etzler (58)

Executive Vice President, Chief Legal and Risk Officer, Corporate Secretary

524,585.00 USD
MP

Ms. Mckenzie Plummer

Shareholder Relations · since 2024

–

Board of Directors

MM

Ms. Michele Magnuson (64)

Independent Director

100,000.00 USD
SR

Mr. Steven Reed (62)

Independent Director

95,000.00 USD
EB

Mr. Eric Blackhurst (63)

Non-Executive Independent Chairman of the Board

92,500.00 USD
LB

Mr. Lawrence Burnell (70)

Independent Director

92,500.00 USD
JD

Dr. James Dworkin (76)

Independent Director

92,500.00 USD
JF

Ms. Julie Freigang (57)

Independent Director

92,500.00 USD

Frequently asked questions about Horizon Bancorp

The main competitors of Horizon Bancorp Inc in the market include major banks such as JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. These well-established financial institutions compete with Horizon Bancorp Inc in offering various banking and financial services to customers.

The business model of Horizon Bancorp Inc is centered around being a financial holding company. It operates through its subsidiary, Horizon Bank, which provides a range of banking services to individuals, businesses, and municipalities. With a focus on community banking, Horizon Bancorp Inc aims to meet the financial needs of its customers by offering various products and services such as checking and savings accounts, loans, mortgages, wealth management, and more. By leveraging its local presence and personalized approach, Horizon Bancorp Inc strives to serve as a trusted financial partner for its clients and contribute to the economic development of the communities it serves.

Horizon Bancorp Inc is primarily active in the banking industry.

Horizon Bancorp Inc is a financial holding company that operates through its subsidiary, Horizon Bank. Established in 1873, Horizon Bank has a rich history and a strong presence in the Midwest. With headquarters in Michigan City, Indiana, Horizon Bank offers a comprehensive range of banking services, including personal and business banking, mortgage loans, investment and trust services, and treasury management. With a focus on building strong relationships with customers, Horizon Bancorp Inc has grown to become a trusted financial institution in the communities it serves. Today, Horizon Bank continues to prioritize customer satisfaction and financial success while maintaining its local community roots.

Horizon Bancorp Inc has achieved several significant milestones throughout its history. One notable accomplishment is the company's growth and expansion through strategic acquisitions. Horizon Bancorp Inc has successfully integrated multiple banks and financial institutions into its operations, allowing for increased market presence and customer reach. Additionally, the company has consistently reported strong financial performance, including revenue growth and profitability. Horizon Bancorp Inc also prides itself on its commitment to community involvement and supporting local initiatives. These milestones demonstrate Horizon Bancorp Inc's dedication to business growth, financial success, and making a positive impact in the communities it serves.

Horizon Bancorp Inc is primarily present in the United States. As a leading financial services company, their operations are focused on serving customers across multiple states, including Indiana, Michigan, and Ohio. With a strong foothold in the Midwest region, Horizon Bancorp Inc has established a reputation for providing comprehensive banking solutions and exceptional customer service to individuals, businesses, and communities in these areas. As they continue to expand their presence and reach, Horizon Bancorp Inc remains committed to delivering innovative financial products and services throughout their core market regions.

Horizon Bancorp Inc represents a strong commitment to its values and corporate philosophy. The company prioritizes integrity, transparency, and customer-centricity in all its operations. With a focus on responsible banking, Horizon Bancorp Inc seeks to establish long-term relationships with its customers and provide innovative financial solutions. By staying true to its values, the company aims to foster trust within the communities it serves and drive sustainable growth. Horizon Bancorp Inc's corporate philosophy revolves around delivering exceptional service, supporting local economies, and upholding the highest ethical standards, making it a reliable and trustworthy institution.

Analysts currently set an average price target of 21.68 USD for the Horizon Bancorp stock (median: 21.93 USD), implying +7.7 % versus the latest price. The consensus is based on 11 analyst ratings.

Horizon Bancorp Analyst Price Targets 2026

11 analysts currently rate the Horizon Bancorp stock: 8 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Horizon Bancorp to generate revenue of 307.86 M USD and earnings per share of 2.11 USD.

Horizon Bancorp Analyst Price Targets 2026

Converted at the current exchange rate, the Horizon Bancorp share trades at 17.66 EUR (20.57 USD).

The Horizon Bancorp share (HBNC) is listed on 2 stock exchanges, including: NASDAQ (HBNC), Frankfurt (4WC.F).

Horizon Bancorp Inc is an American financial holding company based in Michigan, USA. The company's business model is based on a diversified portfolio of products and services offered to private and business customers. Horizon Bancorp Inc is a parent company for Horizon Bank N.A., an independent financial institution specializing in offering banking services to customers in Indiana and Michigan. The bank offers a variety of services for both retail customers and small and medium-sized businesses. The bank provides a wide range of financial products, including checking accounts, savings accounts, credit cards, mortgages, insurance, and investment products. It particularly offers customized credit solutions for small and medium-sized businesses, including loans for investments, working capital, and acquisitions. Horizon Bancorp Inc also has a wealth management and advisory division. This division offers a complete spectrum of investment options, including mutual funds, individual asset management, and financial advice. Customers can make their investment decisions based on market dynamics and risk appetite. Furthermore, Horizon Bancorp Inc also specializes in other services, including estate administration and trust accounts management. It also provides solutions for financial management of pension funds, institutional clients, and public institutions. An important component of the company's business model is also the operation of a comprehensive online banking system. The online platform offers customers a wide range of online banking services, including online banking, mobile banking, and e-banking. Customers have the ability to use simple transfers and transactions, online banking and transfers, mobile deposit, mobile card management, and other financial services. The real estate division is also an important part of Horizon Bancorp Inc's business model. The company offers residential homes, commercial properties, and investment properties to serve customer demand. The company provides a variety of real estate services, including sales, rentals, consulting, valuation, and financing. In summary, Horizon Bancorp Inc has a diversified business model based on offering financial and real estate services. The various divisions, including financial services, asset management, trust services, and real estate, provide a comprehensive portfolio of products and services for retail customers and businesses. Furthermore, the company has a leading position in the online banking and mobile banking system and offers comprehensive solutions for customer needs.

The expected revenue of Horizon Bancorp is 307.86 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Horizon Bancorp is 108.08 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Horizon Bancorp is currently 9.76. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Horizon Bancorp stock.

The price-to-sales ratio (P/S) of Horizon Bancorp is currently 3.43. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Horizon Bancorp stock.

The Eulerpool Quality Score for Horizon Bancorp is 1/10.

The ISIN of Horizon Bancorp is US4404071049. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Horizon Bancorp is 347443. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Horizon Bancorp is HBNC. The ticker symbol is used to trade Horizon Bancorp shares on the stock exchange.

Over the past 12 months, Horizon Bancorp paid a dividend of 0.64 USD . This corresponds to a dividend yield of about 3.11 %. For the coming 12 months, Horizon Bancorp is expected to pay a dividend of 0.68 USD.

The current dividend yield of Horizon Bancorp is 3.11 %.

Horizon Bancorp pays a dividend, distributed in the months of , , , .

Horizon Bancorp paid dividends every year for the past 25 years.

For the upcoming 12 months, dividends amounting to 0.68 USD are expected. This corresponds to a dividend yield of 3.30 %.

Horizon Bancorp is assigned to the 'Finance' sector.

To receive the latest dividend of Horizon Bancorp from amounting to 0.16 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Horizon Bancorp distributed 0.64 USD as dividends.

The dividends of Horizon Bancorp are distributed in USD.

All fundamentals and in-depth analysis of Horizon Bancorp

Our stock analysis for Horizon Bancorp stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Horizon Bancorp. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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