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 Metrics

Horizon Bancorp Financial Metrics

Revenue (2016)

$106.5 m

Revenue growth (2015-16), %

20%

Gross profit

$86 m

Gross profit margin (2016), %

81%

Net income (2016)

$23.9 m

Market capitalization (21-Mar-2017)

$573.3 m

Closing share price (21-Mar-2017)

$26

Cash (31-Dec-2016)

$70.8 m
Horizon Bancorp's current market capitalization is $573.3 m.
Horizon Bancorp's revenue was reported to be $106.5 m in FY, 2016 which is a 20.3% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$74.9 m$76.2 m$88.6 m$106.5 m

Revenue growth, %

2%16%20%

Cost of goods sold

$13.9 m$20.5 m

Gross profit

$74.7 m$86 m

Gross profit Margin, %

84%81%

Operating expense total

$74.2 m$89.4 m

EBIT

$71.6 m$84.2 m

EBIT margin, %

81%79%

Pre tax profit

$27.8 m$32.7 m

Income tax expense

$7.2 m$8.8 m

Net Income

$19.9 m$18.1 m$20.5 m$23.9 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$31.7 m$43.5 m$48.7 m$70.8 m

Accounts Receivable

$7.5 m$8.2 m$10.5 m$12.7 m

Inventories

PP&E

$46.2 m$52.5 m$60.8 m$66.4 m

Goodwill

$19.7 m$28.2 m$49.6 m$76.9 m

Total Assets

$1.8 b$2.1 b$2.7 b$3.1 b

Accounts Payable

$506 k$497 k$507 k$472 k

Additional Paid-in Capital

$32.5 m$45.9 m$106.4 m$182.3 m

Retained Earnings

$121.3 m$134.5 m$148.7 m$164.2 m

Total Equity

$164.5 m$194.4 m$266.8 m$340.9 m

Financial Leverage

10.7 x10.7 x9.9 x9.2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$19.9 m$18.1 m$20.5 m$23.9 m

Depreciation and Amortization

$3.4 m$3.8 m$4.2 m$5.3 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 m$17.7 m$35.2 m$25.5 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

Interest Paid

$13.6 m$13.2 m$13.8 m$20.6 m

Income Taxes Paid

$3.1 m$2.8 m$4.1 m$6.9 m

Horizon Bancorp Market Value History

Horizon Bancorp Company Life

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