$638.1 M

HBNC Mkt cap, 22-Jan-2019

$51 M

Horizon Bancorp Revenue Q3, 2018
Horizon Bancorp Gross profit (Q3, 2018)42.5 M
Horizon Bancorp Gross profit margin (Q3, 2018), %83.3%
Horizon Bancorp Net income (Q3, 2018)13.1 M
Horizon Bancorp EBIT (Q3, 2018)32.6 M
Horizon Bancorp Cash, 30-Sep-201869.7 M
Horizon Bancorp EV606.2 M

Horizon Bancorp Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

74.9m76.2m119.0m144.5m161.6m

Revenue growth, %

2%16%20%

Cost of goods sold

13.9m20.5m16.4m

Gross profit

105.1m124.0m145.2m

Gross profit Margin, %

88%86%90%

R&D expense

4.3m5.4m5.9m

Operating expense total

74.2m89.4m94.8m

EBIT

71.6m84.2m109.6m

EBIT margin, %

60%58%68%

Pre tax profit

27.8m32.7m48.0m

Income tax expense

7.2m8.8m14.8m

Net Income

19.9m18.1m20.5m23.9m33.1m

Horizon Bancorp Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

31.7m43.5m48.7m70.8m76.4m

Accounts Receivable

7.5m8.2m10.5m12.7m16.2m

Inventories

PP&E

46.2m52.5m60.8m66.4m75.5m

Goodwill

19.7m28.2m49.6m76.9m119.9m

Total Assets

1.8b2.1b2.7b3.1b4.0b

Accounts Payable

1.3b497.0k1.9b2.5b2.9b

Short-term debt

32.5m32.6m32.8m37.5m37.7m

Long-term debt

Total Debt

32.5m32.8m37.5m37.7m

Total Liabilities

1.6b2.4b2.8b3.5b

Additional Paid-in Capital

32.5m45.9m106.4m182.3m275.1m

Retained Earnings

121.3m134.5m148.7m164.2m185.6m

Total Equity

164.5m194.4m266.8m340.9m457.1m

Debt to Equity Ratio

0.2 x0.1 x0.1 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

10.7 x10.7 x9.9 x9.2 x8.7 x

Quarterly

Horizon Bancorp Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

19.9m18.1m20.5m23.9m

Depreciation and Amortization

3.4m3.8m4.2m5.3m

Accounts Receivable

215.0k(398.0k)(1.0m)(544.0k)

Accounts Payable

(54.0k)(50.0k)(11.0k)(275.0k)

Cash From Operating Activities

47.0m17.7m35.2m25.5m

Purchases of PP&E

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

Cash From Investing Activities

(124.2m)226.4m

Cash From Financing Activities

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

Interest Paid

13.6m13.2m13.8m20.6m

Income Taxes Paid

3.1m2.8m4.1m6.9m

Horizon Bancorp Ratios

USDY, 2018

EV/EBIT

18.6 x

EV/CFO

9.4 x

Debt/Equity

0.1 x

Financial Leverage

8.7 x
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Horizon Bancorp Operating Metrics

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

Bank Branches

31 46 56

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

Total Loans

$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
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Horizon Bancorp Employee Rating

3.216 votes
Culture & Values
3.1
Work/Life Balance
2.8
Senior Management
2.8
Salary & Benefits
2.3
Career Opportunities
2.4
Source