Horizon Bancorp

Horizon Bancorp offers banking, investment and trust services and provides mortgage banking services throughout the Midwest. The Company's principal subsidiaries are Horizon Bank, N.A and Horizon Trust and Investment Management, N.A.

Horizon is proud of its heritage – and still operates under its original national bank charter issued in 1873. Horizon is committed to strategic growth, with an emphasis on service to its customers and a fair return to its shareholders. Through its innovative Shareholder Value Plan, it is committed to increasing its shareholder base in the communities it serves, and to maintaining a market that will enable its stock to reflect its true value.

Horizon may be reached through their website at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Market under the symbol HBNC.

Type
Public
HQ
Michigan City, US
Founded
1871
Size (employees)
665 (est)+20%
Website
snl.com
Horizon Bancorp was founded in 1871 and is headquartered in Michigan City, US

Horizon Bancorp Office Locations

Horizon Bancorp has an office in Michigan City

Horizon Bancorp Data and Metrics

Horizon Bancorp Financial Metrics

Horizon Bancorp's revenue was reported to be $106.5 m in FY, 2016 which is a 20% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

106.5 m

Revenue growth (FY, 2015 - FY, 2016), %

20%

Gross profit (FY, 2016)

86 m

Gross profit margin (FY, 2016), %

81%

Net income (FY, 2016)

23.9 m

EBIT (FY, 2016)

84.2 m

Market capitalization (26-May-2017)

563.9 m

Closing share price (26-May-2017)

25.3

Cash (31-Dec-2016)

70.8 m
Horizon Bancorp's current market capitalization is $563.9 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

74.9 m76.2 m88.6 m106.5 m

Revenue growth, %

2%16%20%

Cost of goods sold

13.9 m20.5 m

Gross profit

74.7 m86 m

Gross profit Margin, %

84%81%

Operating expense total

74.2 m89.4 m

EBIT

71.6 m84.2 m

EBIT margin, %

81%79%

Pre tax profit

27.8 m32.7 m

Income tax expense

7.2 m8.8 m

Net Income

19.9 m18.1 m20.5 m23.9 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

31.7 m43.5 m48.7 m70.8 m

Accounts Receivable

7.5 m8.2 m10.5 m12.7 m

Inventories

PP&E

46.2 m52.5 m60.8 m66.4 m

Goodwill

19.7 m28.2 m49.6 m76.9 m

Total Assets

1.8 b2.1 b2.7 b3.1 b

Accounts Payable

506 k497 k507 k472 k

Additional Paid-in Capital

32.5 m45.9 m106.4 m182.3 m

Retained Earnings

121.3 m134.5 m148.7 m164.2 m

Total Equity

164.5 m194.4 m266.8 m340.9 m

Financial Leverage

10.7 x10.7 x9.9 x9.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

19.9 m18.1 m20.5 m23.9 m

Depreciation and Amortization

3.4 m3.8 m4.2 m5.3 m

Accounts Receivable

215 k(398 k)(1 m)(544 k)

Inventories

Accounts Payable

(54 k)(50 k)(11 k)(275 k)

Cash From Operating Activities

47 m17.7 m35.2 m25.5 m

Purchases of PP&E

(168.9 m)(93.4 m)(244.2 m)(225.6 m)

Cash From Investing Activities

(124.2 m)226.4 m

Cash From Financing Activities

(95.8 m)143.1 m94.1 m(229.8 m)

Interest Paid

13.6 m13.2 m13.8 m20.6 m

Income Taxes Paid

3.1 m2.8 m4.1 m6.9 m
Numbers are in $, USDY, 2016

Revenue/Employee

190.9 k

Financial Leverage

9.2 x

Horizon Bancorp Market Value History

Horizon Bancorp Company Life and Culture

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