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.

Company Growth (employees)
Type
Public
HQ
Michigan City, US
Founded
1871
Size (employees)
665 (est)
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 Financials and Metrics

Horizon Bancorp Financials

Horizon Bancorp's revenue was reported to be $106.5 m in FY, 2016
USD

Net income (Q3, 2017)

8.2 m

EBIT (Q3, 2017)

27.2 m

Market capitalization (13-Nov-2017)

598.8 m
Horizon Bancorp's current market capitalization is $598.8 m.
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

24 m22 m26.7 m27.2 m27.2 m28.3 m32 m31.4 m34.5 m39 m36.4 m39 m

Cost of goods sold

3.4 m3.2 m3.3 m3.5 m3.2 m3.3 m3.8 m3.8 m3.8 m4.6 m3.3 m3.6 m

Gross profit

20.6 m18.8 m23.4 m23.8 m24 m25 m28.2 m27.6 m30.7 m34.5 m33.1 m35.4 m

Gross profit Margin, %

86%85%88%87%88%88%88%88%89%88%91%91%
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

PP&E

46.2 m52.5 m60.8 m66.4 m

Goodwill

19.7 m28.2 m49.6 m76.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

40.5 m35.8 m50.8 m37.3 m38.7 m43.9 m48.2 m47.6 m109.2 m83.7 m60.3 m66 m

Accounts Receivable

7.5 m7.5 m8.3 m8.4 m8.4 m8.8 m10.9 m10.5 m11.5 m12.7 m12.6 m13.3 m

PP&E

43.5 m47 m50.9 m50.9 m54 m54.8 m60.7 m60.2 m61.2 m67.3 m66.3 m65.4 m

Goodwill

19.7 m20.5 m28 m28 m28.2 m28.2 m49.6 m49.6 m56.5 m74.3 m77.6 m77.6 m93.8 m
    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)

    Accounts Payable

    (54 k)(50 k)(11 k)(275 k)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    4.8 m3.4 m4.8 m5 m5.4 m10.1 m14.4 m5.4 m11.7 m18.3 m8.2 m17.3 m8.2 m

    Accounts Receivable

    8.3 m8.4 m8.4 m8.8 m10.9 m10.5 m11.5 m12.7 m12.6 m

    Accounts Payable

    508 k477 k504 k461 k490 k580 k961 k1 m523 k
      Y, 2017

      Financial Leverage

      9 x
      Show all financial metrics

      Horizon Bancorp Operating Metrics

      Horizon Bancorp's Total Loans Issued was reported to be $2.3 b in Q2, 2017
      FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

      Bank Branches

      314656

      Total Loans Issued

      $1.38 b$1.46 b$1.52 b$1.72 b$1.75 b$1.72 b$1.93 b$2.19 b$2.14 b$2.14 b$2.26 b

      Non-performing Loans

      $22.44 m$22.38 m$23.05 m$21 m$10.68 m$14.98 m$13.17 m$12.84 m$10.68 m$9.83 m$11.56 m
      Show all operating metrics

      Horizon Bancorp Market Value History

      Horizon Bancorp's Web-traffic and Trends

      Horizon Bancorp Company Life and Culture

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