Company Quick10K Filing
Horizon Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 45 $729
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-12 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-12 Quarter: 2011-03-31
10-K 2011-03-11 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-12 Quarter: 2010-06-30
10-Q 2010-05-13 Quarter: 2010-03-31
10-K 2010-03-12 Annual: 2009-12-31
8-K 2020-01-29 Earnings, Exhibits
8-K 2020-01-21 Amend Bylaw, Exhibits
8-K 2020-01-21 Officers, Exhibits
8-K 2019-12-31 Officers, Exhibits
8-K 2019-10-23
8-K 2019-07-30 Regulation FD, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-07-17 Other Events, Exhibits
8-K 2019-07-11 Regulation FD, Exhibits
8-K 2019-06-18 Other Events, Exhibits
8-K 2019-06-13 Regulation FD, Exhibits
8-K 2019-05-02 Regulation FD, Exhibits
8-K 2019-05-02 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-03-26 M&A, Sale of Shares, Regulation FD, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2019-01-14 Officers
8-K 2019-01-09 Other Events
8-K 2018-12-20 Other Events, Exhibits
8-K 2018-12-18 Enter Agreement, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-10-29 Enter Agreement, Other Events, Exhibits
8-K 2018-09-26 Regulation FD, Exhibits
8-K 2018-09-05 Regulation FD, Exhibits
8-K 2018-07-31 Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-17 Other Events
8-K 2018-05-15 Amend Bylaw, Other Events, Exhibits
8-K 2018-05-03 Regulation FD, Exhibits
8-K 2018-05-03 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-21 Other Events, Exhibits
8-K 2018-01-24 Earnings, Exhibits
8-K 2018-01-01 Officers, Exhibits

Horizon Bancorp Financials

HBNC Metrics, Comps, Filings

Annual | Quarterly

Business

Horizon Bancorp, Inc. ("Horizon" or the "Company") is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in the Northern and Central regions of Indiana and the Southern, Central and Great Lakes Bay regions of Michigan through its bank subsidiary, Horizon Bank ("Horizon Bank" or the "Bank") and other affiliated entities and Horizon Risk Management, Inc. Horizon operates as a single segment, which is commercial banking. Horizon's common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. Horizon Bank (formerly known as "Horizon Bank, N.A.") was a national association until its conversion to an Indiana commercial bank effective June 23, 2017. Prior to that date, Horizon was chartered as a national banking association founded in 1873. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company incorporated in Nevada and was formed as a wholly owned subsidiary of Horizon.

On October 29, 2018, Horizon entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for Horizon's acquisition of Salin Bancshares, Inc. ("Salin"). Pursuant to the Merger Agreement, Salin will merge with and into Horizon, with Horizon surviving the merger (the "Merger"), and Salin Bank and Trust Company, a wholly-owned subsidiary of Salin, will merge with and into Horizon Bank, with Horizon Bank as the surviving bank.

The boards of directors of each of Horizon and Salin have approved the merger and the Merger Agreement. Subject to the approval of the Merger by Salin shareholders, regulatory approvals and other closing conditions, the parties anticipate completing the Merger during the first quarter of 2019.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Origin Bancorp (OBNK) 795 5.4 1% 5,120 4,535 0 0 52 110 596
Carolina Financial (CARO) 786 0% 6.9 2% 3,888 3,282 4 0 60 111 765
ConnectOne Bancorp (CNOB) 784 7.4 1% 6,109 5,410 0 0 69 163 1,197
HomeStreet (HMST) 782 6.5 0% 7,201 6,477 0 0 20 125 808
Community Trust Bancorp (CTBI) 756 4.0 1% 4,377 3,783 0 0 65 109 434
Triumph Bancorp (TBK) 755 3.8 1% 4,783 4,140 0 0 55 142 546
Bryn Mawr Bank (BMTC) 749 5.8 1% 4,737 4,146 0 0 60 118 686
Univest of Pennsylvania (UVSP) 748 6.9 1% 5,154 4,503 0 0 66 121 834
German American Bancorp (GABC) 744 7.5 1% 3,971 3,471 0 0 54 99 744
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 732 1.6 1% 5,228 4,712 0 0 60 108 172
Oritani Financial (ORIT) 731 0% 9.9 1% 4,071 3,541 2 0 52 124 1,227
Horizon Bancorp (HBNC) 729 5.7 1% 5,099 4,472 0 0 54 112 634
Byline Bancorp (BY) 726 5.0 1% 5,391 4,674 0 0 57 128 637
Allegiance Bancshares (ABTX) 712 4.4 1% 4,794 4,090 0 0 49 110 480
CBTX (CBTX) 709 5.2 2% 3,380 2,866 0 0 52 84 442
Banc of California (BANC) 699 0% 2.4 0% 9,360 8,396 4 0 46 234 563
Camden National (CAC) 690 5.4 1% 4,447 3,979 0 0 56 113 614
Live Oak Bancshares (LOB) 676 4.7 1% 4,274 3,755 0 0 32 144 676
Hanmi Financial (HAFC) 658 3.3 1% 5,571 5,007 0 0 58 148 488

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash2014171927717658
Accounts Receivable
Inventory
PP&E3542715261667674
Assets1,5471982022343074053,9644,247
Accounts Payable
Long-Term Debt346256351449
Liabilities1,4261,6891,5941,8832,3862,8003,5073,755
Stockholders' Equity121159165194267341457492
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax4133471510
Net Income1320201821243353
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating221671429264972
Cash Investing-142-70-149-19-29-280-304
Cash Financing125-3-4-5-2-1236230