Horizon Bancorp Inc. (HBNC) Financial Statements (2026 and earlier)

Company Profile

Business Address 515 FRANKLIN STREET
MICHIGAN CITY, IN 46360
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments143,342293,431528,720126,317593,508249,711
Cash and cash equivalent139,459293,431528,720126,317593,508249,711
Short-term investments3,883     
Receivables    4,128,0193,582,4673,835,431
Financing receivable, accrued interest, after allowance for credit loss✕✕✕23,700   
Financing receivable, excluding accrued interest, after allowance for credit loss✕✕✕4,391,853  ✕
Total current assets:143,342293,4314,944,2734,254,3364,175,9754,085,142
Noncurrent Assets
Operating lease, right-of-use asset     3,5003,500
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization92,80593,86494,58392,67793,44192,416
Intangible asset, including goodwill, after accumulated amortization169,570175,657182,463189,689196,454197,148
Goodwill155,211155,211155,211155,211154,572151,238
Intangible asset, excluding goodwill, after accumulated amortization14,35920,44627,25234,47841,88245,910
Total noncurrent assets:262,375269,521277,046282,366293,395293,064
Other undisclosed assets6,030,8947,238,1942,719,1663,335,8162,905,5331,508,408
TOTAL ASSETS:6,436,6117,801,1467,940,4857,872,5187,374,9035,886,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 88,46889,912136,030137,871130,798109,462
Total current liabilities: 88,46889,912136,030137,871130,798109,462
Noncurrent Liabilities
Liabilities, other than long-term debt 30014,900    
Investment program, proportional amortization method, elected, commitment 30014,900    
Total noncurrent liabilities: 30014,900    
Other undisclosed liabilities5,659,5926,932,7527,085,6437,057,2726,520,8965,084,936
Total liabilities:5,748,3607,037,5647,221,6737,195,1436,651,6945,194,398
Equity
Equity, attributable to parent688,251763,582718,812677,375723,209692,216
Additional paid in capital459,243363,761356,400354,188352,122362,945
Accumulated other comprehensive income (loss)(25,996)(36,301)(66,609)(106,198)7,34527,852
Retained earnings255,004436,122429,021429,385363,742301,419
Total equity:688,251763,582718,812677,375723,209692,216
TOTAL LIABILITIES AND EQUITY:6,436,6117,801,1467,940,4857,872,5187,374,9035,886,614

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues367,576360,698316,628243,198219,158232,099
Net investment income362,777356,483312,305236,033199,995205,378
Cost of revenue(2,095)(1,971)(1,032)(2,345) (20,751)
Provision for loan, lease, and other losses     (20,751)
Amortization of mortgage servicing rights (msrs) (2,095)(1,971)(1,032)(2,345)  
Gross profit:365,481358,727315,596240,853219,158211,348
Operating expenses(32,552)(30,373)(31,238)(29,435)(24,719)(24,444)
Operating income:332,929328,354284,358211,418194,439186,904
Nonoperating income (expense)841012,6581,548(189)1,081
Investment income, nonoperating(1,336)(1,199)(1,051)(1,046)(2,283)(1,162)
Bank owned life insurance income1,4201,3003,7092,5942,0942,243
Interest and debt expense   (136,561)(36,515)(18,305)(34,438)
Income from continuing operations before equity method investments, income taxes:333,013328,455150,455176,451175,945153,547
Other undisclosed loss from continuing operations before income taxes(534,166)(301,105)(111,456)(70,867)(73,498)(75,178)
Income (loss) from continuing operations before income taxes:(201,153)27,35038,999105,584102,44778,369
Income tax expense (benefit)50,6718,079(11,018)(12,176)(15,356)(9,870)
Income (loss) from continuing operations:(150,482)35,42927,98193,40887,09168,499
Income before gain (loss) on sale of properties:✕✕✕✕✕87,09168,499
Net income (loss) available to common stockholders, basic:(150,482)35,42927,98193,40887,09168,499
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(150,482)35,42927,98193,40887,09168,499

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(150,482)35,42927,98193,40887,09168,499
Other comprehensive income (loss)(2,657)(8,055)(10,524)31,3696,409(6,493)
Comprehensive income (loss):(153,139)27,37417,457124,77793,50062,006
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12,96238,36350,113(144,912)(26,916)27,913
Comprehensive income (loss), net of tax, attributable to parent:(140,177)65,73767,570(20,135)66,58489,919

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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