Horizon Bancorp Inc (HBNC) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Horizon Bancorp reported revenue of -$27.0M, down 114.1% from $191.6M the year before. Net income was -$150.5M, or -$3.24 per diluted share. Net interest income was $229.5M. Operating activities generated $79.2M of cash, leaving $74.3M of free cash flow. At fiscal year end, Horizon Bancorp held $6.44B in total assets against $5.75B in total liabilities, including $139.5M of cash and equivalents.
Open the full interactive Horizon Bancorp financials → Quarterly statements, key ratios, valuation history and price charts.
Horizon Bancorp Key Stats
| Share Price | $19.13 |
|---|---|
| Market Cap | $981.5M |
| Revenue YoY Growth | -114.1% |
| 52-Week Range | $14.60 – $20.63 |
| Shares Outstanding | 51.1 million (basic, 2026 Q2) |
Horizon Bancorp Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $170.9M | $181.7M | $199.5M | $175.7M | $188.6M | $229.5M |
| Provision for Credit Losses | $20.8M | -$2.1M | -$2.2M | $2.5M | $5.4M | $1.9M |
| Noninterest Income | $59.6M | $58.0M | $47.5M | $12.0M | $3.0M | -$256.4M |
| Noninterest Expense | $131.4M | $139.3M | $143.2M | $146.3M | $158.8M | $172.3M |
| Revenue | $230.6M | $239.6M | $247.0M | $187.7M | $191.6M | -$27.0M |
| Pre-Tax Income | $78.4M | $102.4M | $105.6M | $39.0M | $27.4M | -$201.2M |
| Income Tax | $9.9M | $15.4M | $12.2M | $11.0M | -$8.1M | -$50.7M |
| Net Income | $68.5M | $87.1M | $93.4M | $28.0M | $35.4M | -$150.5M |
| Diluted EPS | $1.55 | $1.98 | $2.14 | $0.64 | $0.80 | -$3.24 |
Horizon Bancorp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | -$236.9M | $74.9M | $73.5M | $75.5M |
| Net Income | -$222.0M | $26.9M | $26.2M | $24.9M |
| Diluted EPS | -$4.69 | $0.58 | $0.51 | $0.49 |
Horizon Bancorp Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $249.7M | $593.5M | — | — | $293.4M | $139.5M |
| Loans (Net) | — | — | — | $4.37B | $4.80B | $4.83B |
| Total Assets | $5.89B | $7.37B | $7.87B | $7.94B | $7.80B | $6.44B |
| Deposits | $4.53B | $5.80B | $5.86B | $5.66B | $5.60B | $5.28B |
| Total Long-Term Debt | $475.0M | $675.8M | $1.14B | $1.35B | $1.23B | $248.6M |
| Total Liabilities | $5.19B | $6.65B | $7.20B | $7.22B | $7.04B | $5.75B |
| Shareholders' Equity | $692.2M | $723.2M | $677.4M | $718.8M | $763.6M | $688.3M |
Horizon Bancorp Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $78.8M | $105.3M | $94.4M | $88.9M | $6.4M | $79.2M |
| Cash From Investing | -$492.3M | -$363.1M | -$1.02B | $329.5M | -$52.8M | $979.5M |
| Cash From Financing | $564.4M | $601.5M | $455.5M | -$15.4M | -$186.7M | -$1.21B |
| Free Cash Flow | $72.9M | $103.9M | $88.0M | $81.2M | $1.3M | $74.3M |
Figures from Horizon Bancorp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Horizon Bancorp financials page for every line item.
Horizon Bancorp Company Profile
| Ticker | HBNC |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Michigan City, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000706129 |
Frequently Asked Questions
What was Horizon Bancorp's revenue in fiscal 2025?
Horizon Bancorp (HBNC) reported revenue of -$27.0M for fiscal 2025.
What is Horizon Bancorp's annual revenue history?
Horizon Bancorp's annual revenue by fiscal year: 2020: $230.6M; 2021: $239.6M; 2022: $247.0M; 2023: $187.7M; 2024: $191.6M; 2025: -$27.0M.
What was Horizon Bancorp's net income in fiscal 2025?
Horizon Bancorp reported net income of -$150.5M for fiscal 2025.
What was Horizon Bancorp's earnings per share (EPS) in fiscal 2025?
Horizon Bancorp's diluted EPS was -$3.24 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Horizon Bancorp generate in fiscal 2025?
Horizon Bancorp generated $74.3M of free cash flow in fiscal 2025.
What was Horizon Bancorp's revenue last quarter?
In its most recent reported quarter (2026 Q2), Horizon Bancorp reported revenue of $75.5M.
How much debt does Horizon Bancorp have?
Horizon Bancorp reported $248.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Horizon Bancorp are outstanding?
Horizon Bancorp reported a weighted average of 51.1 million basic shares outstanding in 2026 Q2.
What is Horizon Bancorp's market cap?
Based on its latest closing price, Horizon Bancorp (HBNC) has a market capitalization of about $981.5M.
When does Horizon Bancorp's fiscal year end?
Horizon Bancorp's fiscal year end, as registered with the SEC, is December 31.
Where is Horizon Bancorp headquartered?
Horizon Bancorp lists its business address in Michigan City, Indiana in its SEC filings.