HBNC
HORIZON BANCORP INC /IN/
NASDAQ · Financial Services · Banks - Regional · US
$21.42
+1.93%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 402.2M | 103.2M | 355.4M | 319.3M | 278.1M |
| Cost of Revenue | 103.8M | 133.6M | 173.3M | 139.0M | 34.7M |
| Gross Profit | 298.4M | (30.4M) | 182.1M | 180.3M | 243.4M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 123.3M | 108.4M | 93.3M | 84.7M | 82.8M |
| General & Admin Expense | 123.3M | 108.4M | 93.3M | 84.7M | 82.8M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 43.4M | 60.7M | 61.5M | 56.6M | 54.9M |
| Total Operating Expenses | 166.7M | 169.1M | 154.8M | 141.3M | 137.8M |
| Cost and Expenses | 270.5M | 302.7M | 328.0M | 280.3M | 172.5M |
| Operating Income (EBIT) | 131.7M | (199.5M) | 27.4M | 39.0M | 105.6M |
| Non-Operating | |||||
| Interest Income | 355.5M | 362.8M | 356.5M | 312.3M | 236.0M |
| Interest Expense | 101.2M | 133.3M | 167.9M | 136.6M | 36.5M |
| Net Interest Income | 254.4M | 229.5M | 188.6M | 175.7M | 199.5M |
| Other Non-Op Income/Expense | (1.6M) | (1.6M) | — | — | — |
| Non-Operating Income (excl Interest) | (25.9M) | — | — | — | — |
| EBT (Pre-Tax Income) | 130.1M | (201.2M) | 27.4M | 39.0M | 105.6M |
| Income Tax Expense | 23.4M | (50.7M) | (8.1M) | 11.0M | 12.2M |
| Bottom Line | |||||
| Net Income | 106.7M | (150.5M) | 35.4M | 28.0M | 93.4M |
| Earnings from Cont. Ops | 106.7M | (150.5M) | 35.4M | 28.0M | 93.4M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 106.7M | (150.5M) | 35.4M | 28.0M | 93.4M |
| Per Share | |||||
| Basic EPS | $2.09 | ($3.14) | $0.81 | $0.64 | $2.14 |
| Diluted EPS | $2.09 | ($3.15) | $0.80 | $0.64 | $2.14 |
| Revenue Per Share | $7.87 | $2.02 | $8.13 | $7.32 | $6.38 |
| Shares | |||||
| Basic Shares Outstanding | 51.1M | 51.0M | 43.7M | 43.6M | 43.6M |
| Diluted Shares Outstanding | 51.4M | 51.3M | 44.1M | 43.8M | 43.7M |
| Profitability Metrics | |||||
| EBITDA | 162.3M | (187.1M) | 39.7M | 51.0M | 118.7M |
| D&A | 4.7M | 12.4M | 12.3M | 12.0M | 13.1M |
| EBIT | 157.6M | (199.5M) | 27.4M | 39.0M | 105.6M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026