Horizon Bancorp (HBNC) financial statements
Horizon Bancorp reported revenue of -$27M in fiscal 2025, up 5.9% a year over 8 years.
Net income was -$150M.
Free cash flow was $74M, and the company returned $29M in dividends.
The diluted share count rose 54% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Horizon Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $121M | $145M | $169M | $204M | $225M | $234M | $247M | $188M | $192M | -$27M |
| Interest expense | $21M | $16M | $32M | $48M | $34M | $18M | $37M | $137M | — | — |
| Pre-tax income | $33M | $48M | $64M | $80M | $78M | $102M | $106M | $39M | $27M | -$201M |
| Income tax | $9M | $15M | $10M | $13M | $10M | $15M | $12M | $11M | -$8M | -$51M |
| Net income | $24M | $33M | $53M | $67M | $68M | $87M | $93M | $28M | $35M | -$150M |
| EPS (diluted) | $0.79 | $0.95 | $1.38 | $1.53 | $1.55 | $1.98 | $2.14 | $0.64 | $0.80 | -$3.24 |
| Diluted shares | 30M | 35M | 38M | 44M | 44M | 44M | 44M | 44M | 44M | 46M |
| Net margin | 19.7% | 22.8% | 31.4% | 32.6% | 30.4% | 37.3% | 37.8% | 14.9% | 18.5% | 558.0% |
Balance sheet
Fiscal years, from Horizon Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $53M | $60M | $58M | $99M | $250M | $594M | $124M | $527M | $293M | $139M |
| Property, plant and equipment | $66M | $76M | $74M | $92M | $92M | $93M | $93M | $95M | $94M | $93M |
| Goodwill | $77M | $120M | $120M | $151M | $151M | $155M | $155M | $155M | $155M | $155M |
| Total assets | $3.1B | $4.0B | $4.2B | $5.2B | $5.9B | $7.4B | $7.9B | $7.9B | $7.8B | $6.4B |
| Total liabilities | $2.8B | $3.5B | $3.8B | $4.6B | $5.2B | $6.7B | $7.2B | $7.2B | $7.0B | $5.7B |
| Shareholders' equity | $341M | $457M | $492M | $656M | $692M | $723M | $677M | $719M | $764M | $688M |
| Net debt | -$53M | -$60M | -$58M | -$99M | -$250M | -$594M | -$124M | -$527M | -$293M | -$139M |
Cash flow
Fiscal years, from Horizon Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26M | $49M | $72M | $174M | $79M | $106M | $94M | $89M | $6M | $79M |
| Capital spending | $1M | $3M | $3M | $5M | $6M | $1M | $6M | $8M | $5M | $5M |
| Free cash flow | $24M | $46M | $69M | $170M | $73M | $105M | $88M | $81M | $1M | $74M |
| Stock-based compensation | $324,000 | $325,000 | $251,000 | $215,000 | $1M | $2M | $2M | $4M | $5M | $2M |
| Dividends paid | $8M | $12M | $15M | $21M | $21M | $25M | $28M | $28M | $28M | $29M |
| Share buybacks (net) | — | — | — | — | -$20M | -$8M | $0 | $0 | $0 | — |
| Free cash flow margin | 19.9% | 31.9% | 40.7% | 83.3% | 32.4% | 44.9% | 35.6% | 43.2% | 0.7% | -275.4% |
| Dividends per share | $0.28 | $0.34 | $0.40 | $0.48 | $0.48 | $0.56 | $0.64 | $0.65 | $0.64 | $0.63 |
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Open HBNC in InvestinglyQuestions
What was Horizon Bancorp's revenue in 2025?
-$27M in fiscal 2025, from its 10-K filing.
How much free cash flow does Horizon Bancorp generate?
$74M in fiscal 2025 (operating cash flow minus capital spending).
From Horizon Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.