Horizon Bancorp Inc/IN (HBNC)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$19.91+1.22%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
Broken: Primary pillar broken — EPS at or above $2.10 in FY26: FY26 EPS guide $1.99 vs $2.10 target.
Horizon Bancorp keeps paying a steady dividend of $0.16 per share. Earnings per share are expected around $2.10 in 2026. The bank has a low price-to-earnings ratio of 6.27, below peers. This suggests the stock is undervalued with potential for profit growth.
Revenue is expected to decline about 6% next year. The company has a volatile management track record. Legal issues and board changes may hurt stability.
The price is about 1% below our fair value near $20. Analysts expect about 6% revenue decline next year, which is priced in. Our view sees potential for earnings growth despite this.
Breaks if: Balance sheet growth stalls or profitability metrics weaken materially
Focus on achieving solid balance sheet growth with top-tier profitability metrics.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround scenario with medium confidence. The current thesis state is cautious, as recent financial performance has been weak, and management quality has shown volatility.
The market appears to have priced in a justified valuation, with expectations slightly below the average. There is a low level of fragility in the stock, indicating that the current environment does not suggest imminent risks.
Fundamentals are likely to remain mixed in the near term. While management has shown commitment to maintaining dividends and managing expenses, recent earnings misses raise concerns about future performance.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to perform well, it could provide a favorable backdrop for HBNC. Conversely, any negative guidance from these peers could adversely affect HBNC's outlook.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Dividend per share falls below $0.16
Breaks if: EPS falls below $2.10 in FY26
Breaks if: Revenue decline exceeds -6.4% YoY
Over the next 1 to 3 years, HBNC's performance will depend on both internal management execution and external sector conditions. Not investment advice.