For the twelve months ended Sep 30, 2026, Horizon Bancorp Inc. reported $301.01M of revenue and $106.67M of net income.
HBNC revenue was $77.09M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$236.95M a year earlier and up 2.1% from the prior quarter. For the full fiscal 2025 it was -$26.97M, compared with $191.57M in fiscal 2024.
HBNC net income was $28.67M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$221.99M a year earlier and up 15.1% from the prior quarter. For the full fiscal 2025 it was -$150.48M, compared with $35.43M in fiscal 2024.
HBNC diluted EPS was $0.56 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$4.69 a year earlier and up 14.3% from the prior quarter. For the full fiscal 2025 it was -$3.24, compared with $0.80 in fiscal 2024.
HBNC free cash flow was $26.56M in fiscal Q3 2026 (ended Sep 30, 2026), up 182.4% from a year earlier and down 15.2% from the prior quarter. For the full fiscal 2025 it was $74.28M, up about 58-fold from fiscal 2024. Compound annual growth was +0.3% over 5 years and +9.6% over 10 years. It rose in 5 of the last 10 fiscal years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -$26.97M | $191.57M | $187.74M | $246.97M | $233.76M | $225.15M | $203.85M | $168.98M | $145.24M | $121.45M |
| Interest expense | - | - | $136.56M | $36.52M | $18.30M | $34.44M | $47.54M | $31.60M | $16.38M | $20.54M |
| Pre-tax income | -$201.15M | $27.35M | $39.00M | $105.58M | $102.45M | $78.37M | $79.84M | $63.56M | $47.95M | $32.71M |
| Income tax | -$50.67M | -$8.08M | $11.02M | $12.18M | $15.36M | $9.87M | $13.30M | $10.44M | $14.84M | $8.80M |
| Net income | -$150.48M | $35.43M | $27.98M | $93.41M | $87.09M | $68.50M | $66.54M | $53.12M | $33.12M | $23.91M |
| EPS, basic | -$3.24 | $0.81 | $0.64 | $2.14 | $1.99 | $1.56 | $1.53 | $1.39 | $0.96 | $0.80 |
| EPS, diluted | -$3.24 | $0.80 | $0.64 | $2.14 | $1.98 | $1.55 | $1.53 | $1.38 | $0.95 | $0.79 |
| Diluted shares | 46.5M | 44.1M | 43.8M | 43.7M | 44.0M | 44.1M | 43.6M | 38.5M | 34.8M | 30.1M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $139.46M | $293.43M | $526.51M | $123.50M | $593.51M | $249.71M | $98.83M | $58.49M | $59.98M | $53.42M |
| Goodwill | $155.21M | $155.21M | $155.21M | $155.21M | $154.57M | $151.24M | $151.24M | $119.88M | $119.88M | $76.94M |
| Total assets | $6.44B | $7.80B | $7.94B | $7.87B | $7.41B | $5.89B | $5.25B | $4.25B | $3.96B | $3.14B |
| Total debt | $248.59M | $1.23B | $1.35B | $1.14B | $712.74M | $475.00M | $549.74M | $550.38M | $564.16M | $267.49M |
| Total liabilities | $5.75B | $7.04B | $7.22B | $7.20B | $6.69B | $5.19B | $4.59B | $3.75B | $3.51B | $2.80B |
| Shareholders' equity | $688.25M | $763.58M | $718.81M | $677.38M | $723.21M | $692.22M | $656.02M | $491.99M | $457.08M | $340.86M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $79.23M | $6.37M | $88.94M | $94.38M | $106.35M | $78.86M | $174.37M | $72.29M | $49.06M | $25.55M |
| Capital expenditures | $4.96M | $5.08M | $7.78M | $6.43M | $1.44M | $5.87M | $4.61M | $3.43M | $2.69M | $1.38M |
| Free cash flow | $74.28M | $1.28M | $81.16M | $87.95M | $104.91M | $72.99M | $169.76M | $68.85M | $46.38M | $24.16M |
| Investing cash flow | $979.48M | -$52.78M | $329.52M | -$1.02B | -$344.85M | -$478.46M | -$94.14M | -$303.76M | -$278.92M | $222.31M |
| Financing cash flow | -$1.21B | -$186.68M | -$15.44M | $455.55M | $582.30M | $550.48M | -$39.89M | $229.99M | $236.42M | -$229.76M |
| Dividends paid | $29.49M | $28.33M | $28.31M | $27.77M | $24.77M | $21.18M | $20.84M | $15.42M | $11.72M | $8.38M |
| Share repurchases | - | $0 | $0 | $0 | $7.61M | $19.64M | - | - | - | - |
| Stock-based compensation | $1.62M | $4.59M | $3.59M | $2.48M | $1.82M | $1.34M | $215.0K | $251.0K | $325.0K | $324.0K |
| Depreciation and amortization | $10.30M | $10.33M | $10.94M | $10.75M | $9.80M | $9.40M | $9.69M | $6.81M | $5.94M | $5.28M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -114.1% | 2.0% | -24.0% | 5.7% | 3.8% | 10.4% | 20.6% | 16.3% | 19.6% | 17.7% |
| Net income growth, YoY | - | 26.6% | -70.0% | 7.3% | 27.1% | 2.9% | 25.3% | 60.4% | 38.5% | 16.4% |
| EPS growth, YoY | - | 25.0% | -70.1% | 8.1% | 27.7% | 1.3% | 10.9% | 45.3% | 20.3% | -6.0% |
| Net margin | - | 18.5% | 14.9% | 37.8% | 37.3% | 30.4% | 32.6% | 31.4% | 22.8% | 19.7% |
| Free cash flow margin | - | 0.7% | 43.2% | 35.6% | 44.9% | 32.4% | 83.3% | 40.7% | 31.9% | 19.9% |
| Return on equity | -21.9% | 4.6% | 3.9% | 13.8% | 12.0% | 9.9% | 10.1% | 10.8% | 7.2% | 7.0% |
| Return on assets | -2.3% | 0.5% | 0.4% | 1.2% | 1.2% | 1.2% | 1.3% | 1.3% | 0.8% | 0.8% |
| Debt to equity | 0.36 | 1.61 | 1.88 | 1.69 | 0.99 | 0.69 | 0.84 | 1.12 | 1.23 | 0.78 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.09M | $75.50M | $73.48M | $74.94M | -$236.95M | $66.28M | $68.77M | $24.17M | $58.42M | $55.76M | $53.22M | $21.81M |
| Interest expense | - | - | - | - | - | - | - | - | - | - | $41.98M | $41.26M |
| Pre-tax income | $34.28M | $30.74M | $32.34M | $32.70M | -$286.33M | $24.40M | $28.08M | -$21.93M | $18.11M | $15.87M | $15.30M | -$18.80M |
| Income tax | $5.61M | $5.84M | $6.18M | $5.77M | -$64.34M | $3.75M | $4.14M | -$11.05M | -$75.0K | $1.73M | $1.31M | $6.42M |
| Net income | $28.67M | $24.91M | $26.17M | $26.92M | -$221.99M | $20.64M | $23.94M | -$10.88M | $18.18M | $14.14M | $13.99M | -$25.21M |
| EPS, basic | $0.56 | $0.49 | $0.51 | $0.43 | -$4.69 | $0.47 | $0.55 | -$0.25 | $0.42 | $0.32 | $0.32 | -$0.58 |
| EPS, diluted | $0.56 | $0.49 | $0.51 | $0.44 | -$4.69 | $0.47 | $0.54 | -$0.25 | $0.41 | $0.32 | $0.32 | -$0.58 |
| Diluted shares | 51.4M | 51.3M | 51.2M | - | 47.3M | 44.0M | 44.0M | - | 44.1M | 44.0M | 43.9M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $210.30M | $217.95M | $259.07M | $139.46M | $458.25M | $137.92M | $169.67M | $293.43M | $234.83M | $146.10M | $271.09M | $526.51M |
| Goodwill | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M | $155.21M |
| Total assets | $6.59B | $6.57B | $6.56B | $6.44B | $6.71B | $7.65B | $7.63B | $7.80B | $7.93B | $7.91B | $7.86B | $7.94B |
| Total debt | $174.57M | $222.99M | $225.83M | $248.59M | $247.17M | $975.42M | $900.07M | $1.23B | $1.27B | $1.36B | $1.36B | $1.35B |
| Total liabilities | $5.89B | $5.85B | $5.87B | $5.75B | $6.05B | $6.86B | $6.85B | $7.04B | $7.17B | $7.19B | $7.13B | $7.22B |
| Shareholders' equity | $699.30M | $726.19M | $699.03M | $688.25M | $660.77M | $790.85M | $776.06M | $763.58M | $754.82M | $726.66M | $721.25M | $718.81M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.36M | $33.17M | $20.76M | $33.57M | $10.91M | $19.50M | $15.24M | -$48.37M | $32.28M | $15.92M | $6.54M | $14.98M |
| Capital expenditures | $2.80M | $1.83M | $56.0K | $943.0K | $1.51M | $1.38M | $1.13M | $1.80M | $1.28M | $829.0K | $1.18M | $1.33M |
| Free cash flow | $26.56M | $31.34M | $20.71M | $32.63M | $9.40M | $18.13M | $14.12M | -$50.17M | $31.00M | $15.09M | $5.37M | $13.64M |
| Investing cash flow | -$65.02M | -$47.53M | -$17.18M | -$46.27M | $1.04B | -$53.34M | $38.86M | $269.65M | $35.05M | -$182.25M | -$175.22M | $385.27M |
| Financing cash flow | $28.01M | -$26.76M | $116.03M | -$306.10M | -$730.80M | $2.09M | -$177.87M | -$162.68M | $21.41M | $41.35M | -$86.75M | -$48.87M |
| Dividends paid | $8.26M | $8.23M | $8.23M | $8.20M | $7.08M | $7.09M | $7.12M | $7.05M | $7.11M | $7.09M | $7.09M | $7.05M |
| Stock-based compensation | $285.0K | $528.0K | $556.0K | $457.0K | $318.0K | $387.0K | $459.0K | $1.69M | $852.0K | $1.13M | $907.0K | $939.0K |
| Depreciation and amortization | $2.39M | $2.50M | $2.87M | $659.0K | $4.75M | $2.42M | $2.48M | $2.65M | $2.51M | $2.52M | $2.65M | $3.02M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | 13.9% | 6.9% | 210.0% | -505.6% | 18.8% | 29.2% | 10.8% | 8.3% | -2.4% | -3.0% | -63.3% |
| Net income growth, YoY | - | 20.7% | 9.3% | - | - | 46.0% | 71.1% | - | 12.2% | -24.6% | -23.2% | - |
| EPS growth, YoY | - | 4.3% | -5.6% | - | - | 46.9% | 68.8% | - | 10.8% | -25.6% | -23.8% | - |
| Net margin | 37.2% | 33.0% | 35.6% | 35.9% | - | 31.1% | 34.8% | -45.0% | 31.1% | 25.4% | 26.3% | -115.6% |
| Free cash flow margin | 34.5% | 41.5% | 28.2% | 43.5% | - | 27.3% | 20.5% | -207.5% | 53.1% | 27.1% | 10.1% | 62.6% |
| Debt to equity | 0.25 | 0.31 | 0.32 | 0.36 | 0.37 | 1.23 | 1.16 | 1.61 | 1.68 | 1.87 | 1.88 | 1.88 |
Source: XBRL data Horizon Bancorp Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 3-for-2, first reported Nov 9, 2016; 3-for-2, first reported Aug 7, 2018.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HBNC | $301.01M | - | $106.67M | 35.4% | $1.07B |
| JPM | $203.15B | +13.2% | $65.98B | 32.5% | $888.26B |
| BAC | $120.16B | +5.4% | $32.24B | 26.8% | $340.97B |
| WFC | $87.23B | +5.4% | $22.97B | 26.3% | $251.98B |
| C | $85.22B | +5.6% | $14.31B | 16.8% | $199.70B |
| UBS | $49.57B | +2.0% | $7.80B | 15.7% | $148.27B |
| COF | $63.01B | +31.2% | $10.87B | 17.2% | $121.43B |
| MFG | ¥8.79T | +7.6% | ¥1.16T | 13.2% | $116.96B |
| BNS | C$37.74B | +12.1% | C$7.79B | 20.6% | $112.48B |