Company Quick10K Filing
Horizon Bancorp
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-07
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-04
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-07
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-12
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-12
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-12
10-Q 2011-03-31 Filed 2011-05-12
10-K 2010-12-31 Filed 2011-03-11
10-Q 2010-09-30 Filed 2010-11-12
10-Q 2010-06-30 Filed 2010-08-12
10-Q 2010-03-31 Filed 2010-05-13
10-K 2009-12-31 Filed 2010-03-12
8-K 2020-03-06 Enter Agreement, Exhibits
8-K 2020-02-25 Regulation FD, Exhibits
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 Shareholder Vote
8-K 2019-05-02 Regulation FD, Exhibits
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 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-05-03 Regulation FD, 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

Quarterly | Annual

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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

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) 793 4.1 1% 5,397 4,809 0 0 54 118 484
Carolina Financial (CARO) 797 6.6 2% 3,980 3,358 0 0 62 115 763
ConnectOne Bancorp (CNOB) 778 6.4 1% 6,161 5,441 0 0 71 173 1,098
HomeStreet (HMST) 732 6.0 0% 6,836 6,145 0 0 22 131 782
Community Trust Bancorp (CTBI) 756 6.3 1% 4,338 3,732 0 0 49 85 534
Triumph Bancorp (TBK) 847 4.9 1% 5,040 4,406 0 0 60 149 732
Bryn Mawr Bank (BMTC) 743 5.4 1% 4,829 4,228 0 0 60 121 649
Univest of Pennsylvania (UVSP) 749 5.4 1% 5,354 4,689 0 0 69 127 683
German American Bancorp (GABC) 844 9.1 1% 4,356 3,793 0 0 54 93 844
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 792 4.0 1% 5,222 4,696 0 0 44 85 342
Oritani Financial (ORIT) 813 0% 9.7 1% 3,990 3,460 2 0 51 126 1,212
Horizon Bancorp (HBNC) 781 5.6 1% 5,187 4,544 0 0 61 123 690
Byline Bancorp (BY) 734 4.7 1% 5,438 4,702 0 0 58 134 625
Allegiance Bancshares (ABTX) 725 4.5 1% 4,906 4,200 0 0 39 94 425
CBTX (CBTX) 706 5.0 2% 3,432 2,906 0 0 52 83 417
Banc of California (BANC) 715 0% 1.9 0% 8,625 7,724 3 0 21 194 371
Camden National (CAC) 692 4.9 1% 4,520 4,049 0 0 56 116 564
Live Oak Bancshares (LOB) 746 6.3 0% 4,604 4,075 0 0 11 118 746
Hanmi Financial (HAFC) 660 3.9 1% 5,528 4,953 0 0 41 132 509

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash211820192442312732403236513743394448494810984716066737664697058869591
Accounts Receivable
Inventory
PP&E33343536364065424343714751517954556191606167100666574112757575116949193
Assets1,4141,4911,5471,5471,5631,8471,8481,7341,7861,7811,7581,8072,0732,0372,0772,1542,2192,6082,6522,6282,9183,3263,1413,1703,3213,5203,9643,9704,0774,1514,2475,0525,0995,187
Accounts Payable
Long-Term Debt346256351449
Liabilities1,2921,3721,4261,4211,4331,6911,6891,5721,6261,6181,5941,6371,8861,8471,8831,9542,0172,3432,3862,3672,6372,9802,8002,8212,9643,1273,5073,5093,6063,6733,7554,4424,4724,544
Stockholders' Equity122119121126131156159162160163165170187190194199202265267261281346341349357392457460471478492609626643
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax12123242221122-52212233-7354-0333234
Net Income334565556543555554656768118813191313111721
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating5775591661972413-111561393-18197111230191122330
Cash Investing-75-59-4-10-28-1898-5608-41-98117-87-6379-5424-7382194-37-139-13-90-48-8076-32-94
Cash Financing6853-51041-1-11755-10-2443108327164-8141-35133-107-2218138982562-1601760