HBNC
Horizon Bancorp, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Last price
19.55
▼ 0.04 (0.20%)
MARKET · —
Price
Open
19.88
Prev close
19.59
Day high
19.84
Day low
19.45
Volume
644.18K
Market cap
$1.00B
P/E (TTM)
—
52W range
14.97 – 21.04
Trailing performance
Returnvs SPY
1W
-4.96%
-3.6%
1M
-2.49%
-6.2%
3M
+6.13%
+3.0%
6M
+8.13%
-2.9%
YTD
+15.27%
+3.0%
1Y
+21.73%
+1.7%
3Y
+71.34%
-2.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.00B
Enterprise value$1.16B
Revenue (TTM)$-12.38M
Gross profit$-12.38M
EBITDA—
Net income$-143.99M
EPS (TTM)$-3.26
Free cash flow—
Total cash$237.89M
Total debt$393.04M
Book value / share$14.15
Shares outstanding51.34M
Float50.19M
Short % of float3.82%
Dividend yield3.27%
Beta (5Y)0.81
Valuation & profitability ratios
Trailing P/E—
Forward P/E8.77
PEG ratio0.80
Price / sales—
Price / book1.38
EV / revenue-93.58
EV / EBITDA—
Gross margin0.00%
Operating margin43.47%
Profit margin0.00%
Return on equity-18.98%
Return on assets-2.02%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $284.32M | $191.57M | $187.74M | $246.97M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$150.48M | $35.43M | $27.98M | $93.41M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$150.48M | $35.43M | $27.98M | $93.41M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.51 | 0.49 | -3.9% |
| Mar 2026 | 0.48 | 0.51 | +6.3% |
| Dec 2025 | 0.50 | 0.52 | +4.7% |
| Sep 2025 | 0.48 | 1.63 | +243.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.54 | 5 | $77.99M | +10.9% |
| Next quarter | 0.54 | 5 | $78.74M | +5.1% |
| Current year | 2.13 | 5 | $307.86M | +8.3% |
| Next year | 2.23 | 5 | $323.91M | +5.2% |
Analyst targets & ownership
Mean target$22.90
High target$23.00
Low target$22.50
Implied upside17.14%
Analyst count5
ConsensusNONE
Strong buy / Buy1 / 3
Hold1
Sell / Strong sell0 / 0
Held by insiders2.23%
Held by institutions81.74%
Institutions holding288
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+64.45K
Net buying
Buy transactions
17
72.45K shares
Sell transactions
1
8.00K shares
Net transactions
+18
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
1.14M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 27, 26 | DERUITER KATHIE A Officer |
SELL | 8.00K | $161.52K | Direct |
| Jul 2, 26 | BLACKHURST ERIC P Director |
STOCK | 322 | $6.47K | Direct |
| Jul 2, 26 | MAASS BRIAN W. Director |
STOCK | 332 | $6.67K | Direct |
| Jul 2, 26 | SAMUELS MICHELE ANNETTE Director |
STOCK | 332 | $6.67K | Direct |
| May 20, 26 | STEWART JOHN R. Chief Financial Officer |
STOCK | 19.90K | $0 | Direct |
| Apr 28, 26 | WALKER BRIAN C Director |
BUY | 1.31K | $23.98K | Direct |
| Mar 17, 26 | PRAME THOMAS M Chief Executive Officer |
STOCK | 14.16K | $0 | Direct |
| Mar 17, 26 | KERBER LYNN M Officer |
STOCK | 4.13K | $0 | Direct |
| Mar 17, 26 | DERUITER KATHIE A Officer |
STOCK | 3.60K | $0 | Direct |
| Mar 17, 26 | ETZLER TODD A General Counsel |
STOCK | 3.02K | $0 | Direct |
| Mar 17, 26 | STEWART JOHN R. Chief Financial Officer |
STOCK | 6.71K | $0 | Direct |
| Feb 27, 26 | WALKER BRIAN C Director |
STOCK | 2.66K | $44.99K | Direct |
| Feb 27, 26 | MAGNESEN LARRY S. Director |
STOCK | 2.66K | $44.99K | Direct |
| Feb 27, 26 | BLACKHURST ERIC P Director |
STOCK | 2.66K | $44.99K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BLACKHURST ERIC P |
Director | 29.28K | Stock Award(Grant) |
DERUITER KATHIE A |
Officer | 50.35K | Sale |
DWIGHT CRAIG M |
Director | 517.08K | Stock Award(Grant) |
DWORKIN JAMES BARNET |
Director | 58.46K | Stock Award(Grant) |
ETZLER TODD A |
General Counsel | 32.26K | Stock Award(Grant) |
KERBER LYNN M |
Officer | 30.65K | Stock Award(Grant) |
MAGNUSON MICHELE M |
Director | — | Stock Award(Grant) |
PRAME THOMAS M |
Chief Executive Officer | 59.33K | Stock Award(Grant) |
SECOR MARK E |
Officer | 43.78K | Stock Award(Grant) |
STEWART JOHN R. |
Chief Financial Officer | 97.06K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
20.16
-3.05% from price
SMA 20
20.38
-4.06% from price
SMA 50
20.05
-2.48% from price
SMA 100
19.04
+2.68% from price
SMA 200
18.06
+8.22% from price
EMA 12
20.10
-2.73% from price
EMA 26
20.16
-3.01% from price
EMA 50
19.88
-1.68% from price
RSI (14)
36.6
Neutral
MACD (12,26,9)
-0.06
Hist -0.15
ATR (14)
0.34
1.73% of price
Realised vol 30D
18.8%
Annualised
Bollinger upper
21.10
20, 2σ
Bollinger lower
19.65
20, 2σ
50 / 200 cross
Golden
20.05 vs 18.06
Trend bias
Above 200
+8.22%
Risk profile
Beta vs SPY
0.68
Less volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
18.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-16.6%
Peak to trough
Max drawdown 5Y
-67.0%
Peak to trough
ATR 14
0.34
1.73% of price
Beta (reported)
0.81
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.04
Call-heavy session
Put / call open interest
0.04
Positioning, not flow
Max pain
15.00
-23.3% from spot
ATM implied vol
27.3%
Nearest strike to spot
Skew (10% OTM)
-33.5%
Calls bid over puts
Call volume
141
Contracts, this expiry
Put volume
5
Contracts, this expiry
Heaviest call OI
17.50
196 contracts
Heaviest put OI
20.00
13 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Horizon Bank Appoints Nicholas Ritter and Charles Sulerzyski to Serve as Independent Directors
GlobeNewswire · 4d ago
How Investors Are Reacting To Horizon Bancorp (HBNC) Profit Rise Amid Higher Net Charge-Offs
Simply Wall St. · 24d ago
Horizon Bancorp (IN) (HBNC) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Net ...
GuruFocus.com · 30d ago
Horizon Bancorp (IN) Q2 Earnings Call Highlights
MarketBeat · 30d ago
Compared to Estimates, Horizon Bancorp (HBNC) Q2 Earnings: A Look at Key Metrics
Zacks · 31d ago
Horizon Bancorp (HBNC) Lags Q2 Earnings and Revenue Estimates
Zacks · 31d ago
Horizon Bancorp Q2 Earnings, Revenue Rise
MT Newswires · 31d ago
Horizon Bancorp: Q2 Earnings Snapshot
Associated Press · 31d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.