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Horizon Bancorp Inc

Horizon Bancorp Inc

HBNC
$19.78USD↑+0.10%+0.02 today

MARKET CAP

1.0B

P/E (TTM)

5.8x

FWD P/E

9.0x

DAY RANGE

$20 – $20

52W RANGE

$15
$21

AI Summary

Stalk
Sell NowMedium

HBNC has rolled over from recent highs after a Bearish Pivot Point signaled a failure of the advance, leading to tight tracking below the 9/20 EMAs and confirming a downtrend into oversold RSI territory. The medium-term bias is now bearish, warranting a sell now stance, although the long-term uptrend remains intact with potential support at longer-term moving averages.

  • ↑EPS expected to recover from -$3.24 to $2.09 next year.
  • ↑Q2 net income $24.9M; ROA >1.6% and ROE ~16%.
  • ↓Negative P/E of -6.17x and 59.6% discount to fair value.
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The case for & against

Bull & Bear analysis

Bullish

Horizon Bancorp, Inc. (NASDAQ: HBNC) operates as a community bank primarily servicing Michigan and Indiana, providing a range of financial services such as commercial and residential lending, deposit accounts, and wealth management. The bank emphasizes a relationship-focused model that supports profitability while maintaining robust credit quality amidst a competitive banking environment. Its strategic goal is to enhance earnings by focusing on commercial loan growth and implementing tighter cost controls.

Bull says

  • ↑EPS expected to recover from -$3.24 to $2.09 next year.
  • ↑Q2 net income $24.9M; ROA >1.6% and ROE ~16%.
  • ↑NIM stable at 4.30%–4.35% guidance for H2 2026.
  • ↑Dividend yield 3.28% plus active share buyback discussions.
  • ↑Low net charge-offs (~$605K) support strong credit quality.
  • ↑Favorable valuation: high earnings yield, solid book-to-price, low volatility.

Bear says

  • ↓Negative P/E of -6.17x and 59.6% discount to fair value.
  • ↓Weak growth factors signal slower long-term revenue expansion.
  • ↓Profitability risk elevated by $3.1M legal accruals.
  • ↓Competitive CRE lending pressures margins amid fluid pricing.
  • ↓Analyst estimate revisions are downward and institutional support limited.
  • ↓Rising interest rates may compress NIM and increase funding costs.

Investment themes with HBNC

Regional Banks↓ -1.16%

FLG · TCBI · ZION

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 07-30-2026bullish

Transcript signals

Bull points

  • We are pleased to report a record quarter of earnings, generating GAAP net income of $1.3 billion and earnings per share of $7.09. This reflects strong execution and demand for our assets as well as the successful outcome in our contingent and possessed insurance case in the commercial court in London in June.
  • Given these strong results and our improved outlook for the year ahead, we have increased our 2025 full year adjusted EPS guidance again today.
  • On the aircraft side, we continue to see strong demand from our customers, despite the uncertainty regarding tariffs and trade. This is evidenced by our 99% utilization rate and 97% extension rate in the second quarter.
Read full transcript analysis ›