HBNC
Income statement / Annual
Last year (2024), Horizon Bancorp, Inc.'s total revenue was $355.38 M,
an increase of 11.29% from the previous year.
In 2024, Horizon Bancorp, Inc.'s net income was $35.43 M.
See Horizon Bancorp, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$355.38 M |
$319.32 M |
$278.07 M |
$246.57 M |
$254.37 M |
$242.76 M |
$194.24 M |
$156.65 M |
$136.40 M |
$111.64 M |
| Cost of Revenue |
$173.27 M
|
$139.02 M
|
$34.70 M
|
$16.22 M
|
$55.19 M
|
$49.52 M
|
$34.51 M
|
$18.85 M
|
$22.38 M
|
$17.02 M
|
| Gross Profit |
$182.11 M
|
$180.30 M
|
$241.56 M
|
$228.27 M
|
$199.18 M
|
$193.24 M
|
$159.74 M
|
$137.80 M
|
$114.02 M
|
$94.63 M
|
| Gross Profit Ratio |
0.51
|
0.56
|
0.87
|
0.93
|
0.78
|
0.8
|
0.82
|
0.88
|
0.84
|
0.85
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$93.28 M
|
$84.69 M
|
$82.84 M
|
$76.43 M
|
$72.94 M
|
$65.46 M
|
$58.07 M
|
$52.42 M
|
$45.57 M
|
$39.21 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$93.28 M
|
$84.69 M
|
$82.84 M
|
$76.43 M
|
$72.94 M
|
$65.46 M
|
$58.07 M
|
$52.42 M
|
$45.57 M
|
$39.21 M
|
| Other Expenses |
$61.48 M
|
$56.62 M
|
$54.95 M
|
$51.47 M
|
$47.88 M
|
$47.94 M
|
$38.11 M
|
$37.42 M
|
$35.74 M
|
$27.64 M
|
| Operating Expenses |
$154.76 M
|
$141.30 M
|
$137.79 M
|
$127.90 M
|
$120.81 M
|
$113.40 M
|
$96.18 M
|
$89.84 M
|
$81.31 M
|
$66.85 M
|
| Cost And Expenses |
$328.03 M
|
$280.32 M
|
$172.49 M
|
$144.12 M
|
$176.00 M
|
$162.92 M
|
$130.68 M
|
$108.70 M
|
$103.69 M
|
$83.86 M
|
| Interest Income |
$356.48 M
|
$312.31 M
|
$236.03 M
|
$194.11 M
|
$199.97 M
|
$208.33 M
|
$166.17 M
|
$128.48 M
|
$106.53 M
|
$88.59 M
|
| Interest Expense |
$167.88 M
|
$136.56 M
|
$36.52 M
|
$18.31 M
|
$34.44 M
|
$47.54 M
|
$31.60 M
|
$16.38 M
|
$20.54 M
|
$13.85 M
|
| Depreciation & Amortization |
$12.30 M
|
$11.97 M
|
$13.10 M
|
$13.88 M
|
$12.33 M
|
$9.69 M
|
$6.81 M
|
$5.94 M
|
$5.28 M
|
$4.15 M
|
| EBITDA |
$39.65 M |
$50.97 M |
$118.68 M |
$116.32 M |
$90.70 M |
$89.53 M |
$70.37 M |
$53.89 M |
$37.99 M |
$31.93 M |
| EBITDA Ratio |
0.11
|
0.16
|
0.43
|
0.47
|
0.36
|
0.37
|
0.36
|
0.34
|
0.28
|
0.29
|
| Operating Income Ratio |
0.08
|
0.12
|
0.38
|
0.42
|
0.31
|
0.33
|
0.33
|
0.31
|
0.24
|
0.25
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$27.35 M
|
$39.00 M
|
$105.58 M
|
$102.45 M
|
$78.37 M
|
$79.84 M
|
$63.56 M
|
$47.95 M
|
$32.71 M
|
$27.78 M
|
| Income Before Tax Ratio |
0.08
|
0.12
|
0.38
|
0.42
|
0.31
|
0.33
|
0.33
|
0.31
|
0.24
|
0.25
|
| Income Tax Expense |
-$8.08 M
|
$11.02 M
|
$12.18 M
|
$15.36 M
|
$9.87 M
|
$13.30 M
|
$10.44 M
|
$14.84 M
|
$8.80 M
|
$7.23 M
|
| Net Income |
$35.43 M
|
$27.98 M
|
$93.41 M
|
$87.09 M
|
$68.50 M
|
$66.54 M
|
$53.12 M
|
$33.12 M
|
$23.91 M
|
$20.55 M
|
| Net Income Ratio |
0.1
|
0.09
|
0.34
|
0.35
|
0.27
|
0.27
|
0.27
|
0.21
|
0.18
|
0.18
|
| EPS |
0.81 |
0.64 |
2.14 |
1.99 |
1.56 |
1.53 |
1.39 |
0.96 |
0.79 |
0.86 |
| EPS Diluted |
0.8 |
0.64 |
2.14 |
1.98 |
1.55 |
1.53 |
1.38 |
0.95 |
0.79 |
0.84 |
| Weighted Average Shares Out |
$43.70 M
|
$43.63 M
|
$43.57 M
|
$43.80 M
|
$44.05 M
|
$43.49 M
|
$38.35 M
|
$34.55 M
|
$29.98 M
|
$23.65 M
|
| Weighted Average Shares Out Diluted |
$44.06 M
|
$43.84 M
|
$43.70 M
|
$43.96 M
|
$44.12 M
|
$43.60 M
|
$38.50 M
|
$34.76 M
|
$30.12 M
|
$24.30 M
|
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