HBNC

Horizon Bancorp, Inc.

Financial Services · $977M market cap

Verdict

We can't put a fair value on HBNC right now. Our bank valuation came out more than 3× away from the share price, and no other method fits a business like this. We'd rather show nothing than a misleading number.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth17.2% a year✓
Equity per share growth7.5% a year✗
Sales growth8.9% a year✗
Free cash flow growth13.7% a year✓
Return on invested capital-13.2%✗

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Insider activity

Since Jul 2, 2026: no open-market purchases, 1 sale worth $162K and 18 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. acts as the parent organization for Horizon Bank, overseeing the delivery of a full spectrum of commercial and retail banking services. The company provides a variety of deposit options and extends diverse loan products, including commercial, residential real estate, specialized mortgage warehouse, and consumer credit facilities. Furthermore, it offers corporate and individual trust and agency…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works