What is Horizon Bancorp's earnings per share (EPS)?

Horizon Bancorp (HBNC) reported diluted earnings per share of -$3.24 for fiscal year 2025. This represents a -505.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Horizon Bancorp Financials

HBNC

Trailing 12 months to June 30, 2026

Revenue $357.3M -2.1% YoY

Net Income -$144.0M -377.5% YoY

EPS (Diluted) -$2.99 -355.6% YoY

Free Cash Flow $94.1M +619.8% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Horizon Bancorp (HBNC) reported $357.3M in revenue over the twelve months to Jun 30, 2026, down 2.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HBNC FY2025 2026-05-08

FY2025 looks like a balance-sheet reset: Horizon shrank assets and debt, yet cash generation stayed positive despite a reported loss.

In FY2025, net income and cash flow diverged sharply: a -$150.5M loss came with $79.2M of operating cash flow, so the year's damage hit accounting earnings much harder than near-term liquidity. Deleveraging was also substantial, with long-term debt cut from $1.23B to $248.6M; paired with a smaller asset base, that points to retrenchment rather than expansion.

The pattern versus FY2024 is unusually revealing: reported profit improved from FY2023 into FY2024, yet operating cash flow dropped to just $6.4M, then rebounded to $79.2M in FY2025 even as earnings turned sharply negative. That swing suggests earnings quality was weak in FY2024 and far more cash-supportive in FY2025, likely because the latest year's loss was driven more by accounting pressure than by immediate cash drain.

The payout math and return profile moved in opposite directions. FY2025 free cash flow of $74.3M covered dividends paid of $29.5M even though net income was negative, meaning shareholder distributions were funded by realized cash rather than reported profit; meanwhile, a modestly higher revenue base did not prevent returns on assets and equity from falling below zero.

Financial Health Signals

Financial Health Score 11/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Horizon Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Not available for Horizon Bancorp, and counted as zero in the overall score.

Capital

Efficiency

Credit Quality

Not available for Horizon Bancorp, and counted as zero in the overall score.

Stability

Piotroski F-Score Partial

4/7

Horizon Bancorp passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Horizon Bancorp reported a net loss of $150.5M while generating $79.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$362.8M

YoY+1.8%

5Y CAGR+12.7%

10Y CAGR+15.1%

Horizon Bancorp generated $362.8M in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.

Net Income

-$150.5M

YoY-524.7%

Horizon Bancorp reported -$150.5M in net income in fiscal year 2025. This represents a decrease of 524.7% from the prior year.

EPS (Diluted)

-$3.24

YoY-505.0%

Horizon Bancorp earned -$3.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 505.0% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$74.3M

YoY+5684.7%

5Y CAGR+0.3%

10Y CAGR+9.6%

Horizon Bancorp generated $74.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5684.7% from the prior year.

Cash & Debt

$139.5M

YoY-52.5%

5Y CAGR-11.0%

10Y CAGR+14.7%

Horizon Bancorp held $139.5M in cash against $248.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.64

YoY0.0%

5Y CAGR+5.9%

Horizon Bancorp paid $0.64 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding

51M

YoY+16.4%

5Y CAGR+3.1%

Horizon Bancorp had 51M shares outstanding in fiscal year 2025. This represents an increase of 16.4% from the prior year.

Margins & Returns

Net Margin

-41.5%

YoY-51.4pp

5Y CAGR-75.7pp

10Y CAGR-64.7pp

Horizon Bancorp's net profit margin was -41.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 51.4 percentage points from the prior year.

Return on Equity

-21.9%

YoY-26.5pp

5Y CAGR-31.8pp

10Y CAGR-29.6pp

Horizon Bancorp's ROE was -21.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.5 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$5.0M

YoY-2.5%

5Y CAGR-3.3%

10Y CAGR-1.3%

Horizon Bancorp invested $5.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.5% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

HBNC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HBNC quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$357.3M	$362.8M+1.8%	$356.5M+14.1%	$312.3M+32.3%	$236.0M+21.6%	$194.1M-2.9%	$200.0M-4.0%	$208.3M+25.4%	$166.2M+29.3%	$128.5M+20.6%	$106.5M+20.3%	$88.6M+16.2%	$76.2M+1.8%	$74.9M+3.3%	$72.5M+12.2%	$64.6M
SG&A Expenses	$92.0M	$89.7M+1.7%	$88.2M+9.2%	$80.8M+0.7%	$80.3M+8.4%	$74.1M+4.2%	$71.1M+9.0%	$65.2M+15.2%	$56.6M+10.2%	$51.4M+16.7%	$44.0M+16.7%	$37.7M+15.4%	$32.7M+5.3%	$31.0M+9.3%	$28.4M+24.1%	$22.9M
Interest Expense	$109.7M	$133.3M-20.6%	$167.9M+22.9%	$136.6M+274.0%	$36.5M+99.5%	$18.3M-46.8%	$34.4M-27.6%	$47.5M+50.5%	$31.6M+92.9%	$16.4M-20.2%	$20.5M+48.2%	$13.9M+4.8%	$13.2M-2.1%	$13.5M-5.7%	$14.3M-13.2%	$16.5M
Income Tax	-$46.6M	-$50.7M-527.2%	-$8.1M-173.3%	$11.0M-9.5%	$12.2M-20.7%	$15.4M+55.6%	$9.9M-25.8%	$13.3M+27.4%	$10.4M-29.6%	$14.8M+68.6%	$8.8M+21.7%	$7.2M+17.5%	$6.2M-12.7%	$7.0M-16.6%	$8.4M+101.8%	$4.2M
Net Income	-$144.0M	-$150.5M-524.7%	$35.4M+26.6%	$28.0M-70.0%	$93.4M+7.3%	$87.1M+27.1%	$68.5M+2.9%	$66.5M+25.3%	$53.1M+60.4%	$33.1M+38.5%	$23.9M+16.4%	$20.5M+13.5%	$18.1M-8.9%	$19.9M+1.7%	$19.5M+52.7%	$12.8M
EPS (Diluted)	-$2.99	-$3.24-505.0%	$0.80+25.0%	$0.64-70.1%	$2.14+8.1%	$1.98+27.7%	$1.55+1.3%	$1.53+10.9%	$1.38+45.3%	$0.95+20.3%	$0.79	$1.26-0.8%	$1.27	$2.17-5.7%	$2.30+52.3%	$1.51

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$88.5M+2.1%	$86.7M-3.0%	$89.3M-3.8%	$92.8M+1.5%	$91.5M+2.6%	$89.2M-4.5%	$93.3M+2.7%	$90.9M
SG&A Expenses	$24.2M+4.3%	$23.2M+5.9%	$21.9M-3.5%	$22.7M-0.1%	$22.7M+1.4%	$22.4M-12.3%	$25.6M+17.1%	$21.8M
Interest Expense	$25.0M+2.5%	$24.4M-5.4%	$25.8M-25.1%	$34.5M-4.6%	$36.1M-2.1%	$36.9M-8.2%	$40.2M-8.5%	$44.0M
Income Tax	$5.8M-5.5%	$6.2M+7.0%	$5.8M+109.0%	-$64.3M-1814.8%	$3.8M-9.4%	$4.1M+137.5%	-$11.1M-14634.7%	-$75K
Net Income	$24.9M-4.8%	$26.2M-2.8%	$26.9M+112.1%	-$222.0M-1175.3%	$20.6M-13.8%	$23.9M+320.0%	-$10.9M-159.9%	$18.2M
EPS (Diluted)	$0.49-3.9%	$0.51-27.1%	$0.70+114.9%	-$4.69-1097.9%	$0.47-13.0%	$0.54+316.0%	-$0.25-161.0%	$0.41

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

HBNC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HBNC quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$6.4B-17.5%	$7.8B-1.8%	$7.9B+0.9%	$7.9B+6.2%	$7.4B+25.9%	$5.9B+12.2%	$5.2B+23.6%	$4.2B+7.1%	$4.0B+26.2%	$3.1B+18.4%	$2.7B+27.7%	$2.1B+18.1%	$1.8B-4.9%	$1.8B+19.5%	$1.5B
Cash & Equivalents	$139.5M-52.5%	$293.4M-44.3%	$526.5M+326.3%	$123.5M-79.2%	$593.5M+137.7%	$249.7M+152.7%	$98.8M+69.0%	$58.5M-2.5%	$60.0M+12.3%	$53.4M+51.2%	$35.3M-18.8%	$43.5M+37.1%	$31.7M+3.2%	$30.7M+50.3%	$20.4M
Goodwill	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M+0.4%	$154.6M+2.2%	$151.2M0.0%	$151.2M+26.2%	$119.9M0.0%	$119.9M+55.8%	$76.9M+55.1%	$49.6M+76.0%	$28.2M+42.7%	$19.7M0.0%	$19.7M+234.1%	$5.9M
Total Liabilities	$5.7B-18.3%	$7.0B-2.5%	$7.2B+0.4%	$7.2B+7.6%	$6.7B+28.8%	$5.2B+13.1%	$4.6B+22.3%	$3.8B+7.1%	$3.5B+25.2%	$2.8B+17.4%	$2.4B+26.7%	$1.9B+18.1%	$1.6B-5.7%	$1.7B+18.5%	$1.4B
Long-Term Debt	$248.6M-79.8%	$1.2B-8.9%	$1.4B+18.4%	$1.1B+60.4%	$712.7M+50.1%	$475.0M	N/A	N/A	N/A	N/A	$449.3M+27.9%	$351.2M+37.0%	$256.3M-25.9%	$345.8M-6.6%	$370.1M
Total Equity	$688.3M-9.9%	$763.6M+6.2%	$718.8M+6.1%	$677.4M-6.3%	$723.2M+4.5%	$692.2M+5.5%	$656.0M+33.3%	$492.0M+7.6%	$457.1M+34.1%	$340.9M+27.7%	$266.8M+37.2%	$194.4M+18.2%	$164.5M+3.5%	$159.0M+30.9%	$121.5M
Retained Earnings	$255.0M-41.5%	$436.1M+1.7%	$429.0M-0.1%	$429.4M+18.0%	$363.7M+20.7%	$301.4M+11.7%	$269.7M+20.4%	$224.0M+20.7%	$185.6M+13.0%	$164.2M+10.4%	$148.7M+10.6%	$134.5M+10.9%	$121.3M+15.0%	$105.4M+17.9%	$89.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$6.6B+0.2%	$6.6B+2.0%	$6.4B-4.1%	$6.7B-12.3%	$7.7B+0.3%	$7.6B-2.2%	$7.8B-1.6%	$7.9B
Cash & Equivalents	$217.9M-15.9%	$259.1M+85.8%	$139.5M-69.6%	$458.3M+232.3%	$137.9M-18.7%	$169.7M-42.2%	$293.4M+25.0%	$234.8M
Goodwill	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M0.0%	$155.2M
Total Liabilities	$5.8B-0.3%	$5.9B+2.0%	$5.7B-5.0%	$6.1B-11.8%	$6.9B+0.1%	$6.9B-2.6%	$7.0B-1.9%	$7.2B
Long-Term Debt	N/A	N/A	$248.6M	N/A	N/A	N/A	$1.2B	N/A
Total Equity	$726.2M+3.9%	$699.0M+1.6%	$688.3M+4.2%	$660.8M-16.4%	$790.9M+1.9%	$776.1M+1.6%	$763.6M+1.2%	$754.8M
Retained Earnings	$289.6M+6.1%	$272.9M+7.0%	$255.0M+7.9%	$236.3M-49.3%	$466.5M+3.0%	$452.9M+3.9%	$436.1M-3.9%	$454.1M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.

HBNC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HBNC quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$98.4M	$79.2M+1144.2%	$6.4M-92.8%	$88.9M-5.8%	$94.4M-11.3%	$106.3M+34.9%	$78.9M-54.8%	$174.4M+141.2%	$72.3M+47.3%	$49.1M+92.0%	$25.5M-27.5%	$35.2M+99.4%	$17.7M-62.4%	$47.0M+78.3%	$26.3M+17.6%	$22.4M
Capital Expenditures	$4.3M	$5.0M-2.5%	$5.1M-34.6%	$7.8M+20.9%	$6.4M+346.5%	$1.4M-75.5%	$5.9M+27.2%	$4.6M+34.3%	$3.4M+27.7%	$2.7M+94.4%	$1.4M-75.4%	$5.6M-10.1%	$6.3M-1.0%	$6.3M-9.5%	$7.0M+186.0%	$2.4M
Free Cash Flow	$94.1M	$74.3M+5684.7%	$1.3M-98.4%	$81.2M-7.7%	$88.0M-16.2%	$104.9M+43.7%	$73.0M-57.0%	$169.8M+146.6%	$68.9M+48.5%	$46.4M+91.9%	$24.2M-18.4%	$29.6M+159.5%	$11.4M-71.9%	$40.6M+109.9%	$19.4M-3.0%	$20.0M
Investing Cash Flow	$929.2M	$979.5M+1955.9%	-$52.8M-116.0%	$329.5M+132.3%	-$1.0B-195.8%	-$344.9M+27.9%	-$478.5M-408.2%	-$94.1M+69.0%	-$303.8M-8.9%	-$278.9M-225.5%	$222.3M	N/A	N/A	$49.8M+182.5%	-$60.4M+57.5%	-$142.2M
Financing Cash Flow	-$947.6M	-$1.2B-549.6%	-$186.7M-1108.7%	-$15.4M-103.4%	$455.5M-21.8%	$582.3M+5.8%	$550.5M+1480.1%	-$39.9M-117.3%	$230.0M-2.7%	$236.4M+202.9%	-$229.8M	N/A	N/A	-$95.8M-316.1%	$44.3M-64.4%	$124.5M
Dividends Paid	$31.7M	$29.5M+4.1%	$28.3M+0.1%	$28.3M+2.0%	$27.8M+12.1%	$24.8M+16.9%	$21.2M+1.7%	$20.8M+35.1%	$15.4M+31.6%	$11.7M+39.8%	$8.4M+34.8%	$6.2M+31.0%	$4.7M+29.8%	$3.7M+20.0%	$3.0M+31.1%	$2.3M
Share Buybacks	N/A	N/A	$0	$0	$0-100.0%	$7.6M-61.3%	$19.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$33.2M+59.8%	$20.8M-38.2%	$33.6M+207.6%	$10.9M-44.0%	$19.5M+27.9%	$15.2M+131.5%	-$48.4M-249.9%	$32.3M
Capital Expenditures	$1.8M+3173.2%	$56K-94.1%	$943K-37.5%	$1.5M+9.7%	$1.4M+21.8%	$1.1M-37.2%	$1.8M+40.6%	$1.3M
Free Cash Flow	$31.3M+51.3%	$20.7M-36.5%	$32.6M+247.0%	$9.4M-48.1%	$18.1M+28.4%	$14.1M+128.1%	-$50.2M-261.8%	$31.0M
Investing Cash Flow	-$47.5M-176.7%	-$17.2M+62.9%	-$46.3M-104.4%	$1.0B+2050.3%	-$53.3M-237.3%	$38.9M-85.6%	$269.7M+669.4%	$35.0M
Financing Cash Flow	-$26.8M-123.1%	$116.0M+137.9%	-$306.1M+58.1%	-$730.8M-35117.0%	$2.1M+101.2%	-$177.9M-9.3%	-$162.7M-860.0%	$21.4M
Dividends Paid	$8.2M0.0%	$8.2M+0.4%	$8.2M+15.7%	$7.1M-0.2%	$7.1M-0.4%	$7.1M+1.1%	$7.0M-0.8%	$7.1M

Not reported in any period shown, so not listed: Share Buybacks.

HBNC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HBNC quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Net Margin	-41.5%-51.4pp	9.9%+1.0pp	9.0%-30.6pp	39.6%-5.3pp	44.9%+10.6pp	34.3%+2.3pp	31.9%0.0pp	32.0%+6.2pp	25.8%+3.3pp	22.4%-0.8pp	23.2%-0.5pp	23.8%-2.8pp	26.5%-0.4pp	27.0%+7.1pp	19.8%
Return on Equity	-21.9%-26.5pp	4.6%+0.8pp	3.9%-9.9pp	13.8%+1.8pp	12.0%+2.1pp	9.9%-0.2pp	10.1%-0.7pp	10.8%+3.6pp	7.2%+0.2pp	7.0%-0.7pp	7.7%-1.6pp	9.3%-2.8pp	12.1%-0.2pp	12.3%+1.8pp	10.5%
Return on Assets	-2.3%-2.8pp	0.4%+0.1pp	0.4%-0.8pp	1.2%0.0pp	1.2%0.0pp	1.2%-0.1pp	1.3%0.0pp	1.3%+0.4pp	0.8%+0.1pp	0.8%0.0pp	0.8%-0.1pp	0.9%-0.3pp	1.1%+0.1pp	1.1%+0.2pp	0.8%
Debt-to-Equity	0.36-1.3x	1.61-0.3x	1.88+0.2x	1.69+0.7x	0.99+0.3x	0.69-6.3x	7.00-0.6x	7.630.0x	7.67-0.5x	8.22+6.5x	1.68-0.1x	1.81+0.2x	1.56-0.6x	2.18-0.9x	3.05
FCF Margin	20.5%+20.1pp	0.4%-25.6pp	26.0%-11.3pp	37.3%-16.8pp	54.0%+17.5pp	36.5%-45.0pp	81.5%+40.0pp	41.4%+5.3pp	36.1%+13.4pp	22.7%-10.7pp	33.4%+18.4pp	15.0%-39.3pp	54.3%+27.6pp	26.7%-4.2pp	30.9%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	28.1%-2.1pp	30.2%+0.1pp	30.1%	-239.1%	22.6%-4.3pp	26.9%+38.5pp	-11.7%-31.7pp	20.0%
Return on Equity	3.4%-0.3pp	3.7%-0.2pp	3.9%+37.5pp	-33.6%-36.2pp	2.6%-0.5pp	3.1%+4.5pp	-1.4%-3.8pp	2.4%
Return on Assets	0.4%0.0pp	0.4%0.0pp	0.4%+3.7pp	-3.3%-3.6pp	0.3%0.0pp	0.3%+0.4pp	-0.1%-0.4pp	0.2%
Debt-to-Equity	8.05-0.3x	8.39+8.0x	0.36-8.8x	9.16+0.5x	8.68-0.2x	8.83+7.2x	1.61-7.9x	9.50
FCF Margin	35.4%+11.5pp	23.9%-12.6pp	36.5%+26.4pp	10.1%-9.7pp	19.8%+4.0pp	15.8%+69.6pp	-53.8%-87.9pp	34.1%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

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Where Horizon Bancorp Ranks

Frequently Asked Questions

What is Horizon Bancorp's annual revenue?

Horizon Bancorp (HBNC) reported $362.8M in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Horizon Bancorp's revenue growing?

Horizon Bancorp (HBNC) revenue grew by 1.8% year-over-year, from $356.5M to $362.8M in fiscal year 2025.

Is Horizon Bancorp profitable?

No, Horizon Bancorp (HBNC) reported a net income of -$150.5M in fiscal year 2025, with a net profit margin of -41.5%.

How much debt does Horizon Bancorp have?

As of fiscal year 2025, Horizon Bancorp (HBNC) had $139.5M in cash and equivalents against $248.6M in long-term debt.

What is Horizon Bancorp's net profit margin?

Horizon Bancorp (HBNC) had a net profit margin of -41.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Horizon Bancorp pay dividends?

Yes, Horizon Bancorp (HBNC) paid $0.64 per share in dividends during fiscal year 2025.

What is Horizon Bancorp's return on equity (ROE)?

Horizon Bancorp (HBNC) has a return on equity of -21.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Horizon Bancorp's free cash flow?

Horizon Bancorp (HBNC) generated $74.3M in free cash flow during fiscal year 2025. This represents a 5684.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Horizon Bancorp's operating cash flow?

Horizon Bancorp (HBNC) generated $79.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Horizon Bancorp's total assets?

Horizon Bancorp (HBNC) had $6.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Horizon Bancorp's capital expenditures?

Horizon Bancorp (HBNC) invested $5.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Horizon Bancorp have outstanding?

Horizon Bancorp (HBNC) had 51M shares outstanding as of fiscal year 2025.

What is Horizon Bancorp's debt-to-equity ratio?

Horizon Bancorp (HBNC) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Horizon Bancorp's return on assets (ROA)?

Horizon Bancorp (HBNC) had a return on assets of -2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Horizon Bancorp's Piotroski F-Score?

Horizon Bancorp (HBNC) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Horizon Bancorp's earnings high quality?

Horizon Bancorp (HBNC) reported a net loss of $150.5M while generating $79.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Horizon Bancorp?

Horizon Bancorp (HBNC) scores 11 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.