NASDAQ · Banks - Regional · USD

Horizon Bancorp, Inc. (HBNC) Stock Analysis

Horizon Bancorp, Inc. (HBNC) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

HBNC

$19.60

−$0.10 (−0.51%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HBNC Key Statistics

As of Oct 21, 2026

Trading

Open: $19.72
Previous Close: $19.70
Day's Range: 19.46–19.87
52-Week Range: 15.35–21.04
Volume: 475.38K
Beta: 0.83

Valuation

Market Cap: $1.01B
P/E Ratio: unprofitable
Forward P/E: 8.75
PEG Ratio: 0.80
EPS (ttm): −2.99

Financials (FY)

Revenue (FY): −$31.31M−116.70%
Net Income (FY): −$150.48M−524.74%
Shares Outstanding: 51.34M
1-Year Return: +28.00%

Dividend and dates

Dividend: $0.64+3.25%
Ex-Dividend Date: October 2, 2026
Earnings Date: October 21, 2026
Avg Volume: 589.63K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HBNC closed at $19.60, +28.00% over 1 year.

Horizon Bancorp, Inc. (HBNC) has a market capitalization of $1.01B.

In fiscal 2025, HBNC reported revenue of −$31.31M.

HBNC Stock Return by Calendar Year

Horizon Bancorp, Inc. (HBNC) 10-year return: what $10,000 became

1 year: $10,000 $12,800; +28.00%
5 years: $10,000 $13,128; +31.28%
10 years: $10,000 $20,336; +103.36%

If you had invested $10,000 in Horizon Bancorp, Inc. (HBNC) 10 years ago, at the close on October 21, 2016, it would have been worth $20,336 at the close on October 21, 2026: +103.36% in total, +7.36% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+55.10%−25.26%+18.72%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+18.72%
2025	+9.76%
2024	+18.19%
2023	+0.43%
2022	−25.26%
2021	+35.43%
2020	−12.86%
2019	+23.69%
2018	−13.14%
2017	+1.06%
2016 (partial year)	+55.10%

As of October 21, 2026.

HBNC Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	−$31.31M	−$150.48M	480.7%
2024	$187.50M	$35.43M	18.9%
2023	$182.76M	$27.98M	15.3%
2022	$241.56M	$93.41M	38.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$31.31M	—	—	−$150.48M	480.7%
2024	$187.50M	—	—	$35.43M	18.9%
2023	$182.76M	—	—	$27.98M	15.3%
2022	$241.56M	—	—	$93.41M	38.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HBNC Dividend History

’17’18’19’20’21’22’23’24’25’26*

$0.64+0.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$0.48	3	—
2025	$0.64	4	+0.0%
2024	$0.64	4	+0.0%
2023	$0.64	4	+3.2%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.48	3	—
2025	$0.64	4	+0.0%
2024	$0.64	4	+0.0%
2023	$0.64	4	+3.2%
2022	$0.62	4	+17.0%
2021	$0.53	4	+10.4%
2020	$0.48	4	+9.1%
2019	$0.44	4	+13.8%
2018	$0.39	4	+20.8%
2017	$0.32	4	—

Most recent payment: $0.16 per share, ex-dividend July 2, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Horizon Bancorp, Inc. (HBNC) carries a market capitalisation of $1.01B. The company sits in the Financial Services sector, in the Banks - Regional industry. Headcount on file is 465.

The 52-week range on file runs from $15.35 to $21.04. The most recent close on file for HBNC is $19.60, dated October 21, 2026. That is −$0.10 (−0.51%) against the previous close. The latest close sits 27.69% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to −$31.31M. Against the prior fiscal year total of $187.50M, that is a change of −116.70%. The same year closed with a net loss of $150.48M. Trailing earnings per share are −2.99.

Across the 4 fiscal years on file, revenue moves from $241.56M in 2022 to −$31.31M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 8.75. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.8.

The trailing one-year total return is +28.00%. Measured over 10 years, that is +7.36% a year compounded. The reported beta is 0.83. Annualized volatility over the trailing 10 years is 36.86%.

Growth & Income

Shareholders receive a dividend, yielding 3.25% on the latest price. That is 0.6 percentage points above the Banks - Regional median yield of 2.68%. At the indicated rate that is $0.64 a share a year. The ex-dividend date on file is October 2, 2026. Dividends are recorded for 10 calendar years; 2026 shows 3 payments totalling $0.48 a share. The year before, 2025, totalled $0.64 a share.

The strongest complete calendar year on file is 2021 at +35.43%; the weakest is 2022 at −25.26%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is +18.72% year to date.

Peer Comparison

Horizon Bancorp, Inc. (HBNC) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Horizon Bancorp, Inc.	HBNC	$1.01B	—
Mizuho Financial Group, Inc.	MFG	$120.84B	13.7
HDFC Bank Limited	HDB	$116.51B	14.6
Itaú Unibanco Holding S.A.	ITUB	$106.91B	12.4

The Banks - Regional industry average P/E ratio is 12.0x. Horizon Bancorp, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit and credit cards; treasury management; and remote deposit, merchant processing, online payment portal, lockbox, smart safe, ACH origination, online bill pay, wire transfer, and positive and reverse positive pay services, as well as sells various life insurance products. Further, it provides online and mobile banking; health savings accounts; wealth management, financial planning, investment management, and insurance services; retirement services, including individual retirement accounts (IRAs), business IRAs, and employee benefit plans; and estate planning and settlement services. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

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