Horizon Bancorp (HBNC) - Net Assets
Based on the latest financial reports, Horizon Bancorp (HBNC) has net assets worth $688.25 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.44 Billion) and total liabilities ($5.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Horizon Bancorp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $688.25 Million |
| % of Total Assets | 10.69% |
| Annual Growth Rate | 11.19% |
| 5-Year Change | -4.83% |
| 10-Year Change | 101.92% |
| Growth Volatility | 16.26 |
Horizon Bancorp - Net Assets Trend (1995–2025)
This chart illustrates how Horizon Bancorp's net assets have evolved over time, based on quarterly financial data. Also explore HBNC total asset value for the complete picture of this company's asset base.
Annual Net Assets for Horizon Bancorp (1995–2025)
The table below shows the annual net assets of Horizon Bancorp from 1995 to 2025. For live valuation and market cap data, see market cap of Horizon Bancorp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $688.25 Million | -9.87% |
| 2024-12-31 | $763.58 Million | +6.23% |
| 2023-12-31 | $718.81 Million | +6.12% |
| 2022-12-31 | $677.38 Million | -6.34% |
| 2021-12-31 | $723.21 Million | +4.48% |
| 2020-12-31 | $692.22 Million | +5.52% |
| 2019-12-31 | $656.02 Million | +33.34% |
| 2018-12-31 | $491.99 Million | +7.64% |
| 2017-12-31 | $457.08 Million | +34.10% |
| 2016-12-31 | $340.86 Million | +27.74% |
| 2015-12-31 | $266.83 Million | +37.25% |
| 2014-12-31 | $194.41 Million | +18.10% |
| 2013-12-31 | $164.62 Million | +3.55% |
| 2012-12-31 | $158.97 Million | +30.88% |
| 2011-12-31 | $121.47 Million | +8.18% |
| 2010-12-31 | $112.28 Million | -2.03% |
| 2009-12-31 | $114.61 Million | +10.89% |
| 2008-12-31 | $103.35 Million | +46.29% |
| 2007-12-31 | $70.64 Million | +14.17% |
| 2006-12-31 | $61.88 Million | +15.59% |
| 2005-12-31 | $53.53 Million | +6.14% |
| 2004-12-31 | $50.43 Million | +9.11% |
| 2003-12-31 | $46.22 Million | +11.62% |
| 2002-12-31 | $41.41 Million | +18.51% |
| 2001-12-31 | $34.94 Million | +10.50% |
| 2000-12-31 | $31.62 Million | +49.23% |
| 1999-12-31 | $21.19 Million | -22.85% |
| 1998-12-31 | $27.47 Million | -4.32% |
| 1997-12-31 | $28.71 Million | -2.01% |
| 1996-12-31 | $29.30 Million | +2.61% |
| 1995-12-31 | $28.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizon Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1108.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $255.00 Million | 37.05% |
| Other Comprehensive Income | $-26.00 Million | -3.78% |
| Other Components | $459.24 Million | 66.73% |
| Total Equity | $688.25 Million | 100.00% |
Horizon Bancorp Competitors by Market Cap
The table below lists competitors of Horizon Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Huning Elevator Parts Co Ltd
SHE:300669
|
$910.26 Million |
|
INVEX Controladora S.A.B. de C.V
MX:INVEXA
|
$910.51 Million |
|
Sedlmayr Grund und Immobilien AG
F:SPB
|
$910.52 Million |
|
Inventiva S.A
PA:IVA
|
$910.54 Million |
|
Tes Touch Embedded Solutions
SHE:003019
|
$910.01 Million |
|
Shenzhen Worldunion Properties Consultancy Inc
SHE:002285
|
$909.83 Million |
|
UniTTEC Co Ltd
SHE:000925
|
$909.57 Million |
|
Shenzhen Chengtian Weiye Technology Co Ltd
SHE:300689
|
$909.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 763,582,000 to 688,251,000, a change of -75,331,000 (-9.9%).
- Net loss of 150,483,000 reduced equity.
- Other comprehensive income increased equity by 10,305,000.
- Other factors increased equity by 64,847,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-150.48 Million | -21.86% |
| Other Comprehensive Income | $10.30 Million | +1.5% |
| Other Changes | $64.85 Million | +9.42% |
| Total Change | $- | -9.87% |
Book Value vs Market Value Analysis
This analysis compares Horizon Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.97x to 1.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $1.67 | $18.32 | x |
| 1996-12-31 | $1.75 | $18.32 | x |
| 1997-12-31 | $1.77 | $18.32 | x |
| 1998-12-31 | $1.76 | $18.32 | x |
| 1999-12-31 | $1.42 | $18.32 | x |
| 2000-12-31 | $2.03 | $18.32 | x |
| 2001-12-31 | $2.32 | $18.32 | x |
| 2002-12-31 | $2.75 | $18.32 | x |
| 2003-12-31 | $2.93 | $18.32 | x |
| 2004-12-31 | $3.19 | $18.32 | x |
| 2005-12-31 | $3.34 | $18.32 | x |
| 2006-12-31 | $3.81 | $18.32 | x |
| 2007-12-31 | $4.30 | $18.32 | x |
| 2008-12-31 | $6.29 | $18.32 | x |
| 2009-12-31 | $6.92 | $18.32 | x |
| 2010-12-31 | $6.65 | $18.32 | x |
| 2011-12-31 | $7.11 | $18.32 | x |
| 2012-12-31 | $8.54 | $18.32 | x |
| 2013-12-31 | $8.13 | $18.32 | x |
| 2014-12-31 | $9.14 | $18.32 | x |
| 2015-12-31 | $10.98 | $18.32 | x |
| 2016-12-31 | $11.32 | $18.32 | x |
| 2017-12-31 | $13.15 | $18.32 | x |
| 2018-12-31 | $12.78 | $18.32 | x |
| 2019-12-31 | $15.05 | $18.32 | x |
| 2020-12-31 | $15.69 | $18.32 | x |
| 2021-12-31 | $16.45 | $18.32 | x |
| 2022-12-31 | $15.50 | $18.32 | x |
| 2023-12-31 | $16.40 | $18.32 | x |
| 2024-12-31 | $17.33 | $18.32 | x |
| 2025-12-31 | $13.42 | $18.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -145.86%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 9.35x
- Recent ROE (-21.86%) is below the historical average (8.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 10.64% | 20.13% | 0.04x | 12.89x | $183.70K |
| 1996 | 13.05% | 21.71% | 0.05x | 13.04x | $894.30K |
| 1997 | 5.99% | 8.94% | 0.05x | 12.53x | $-1.15 Million |
| 1998 | 3.94% | 5.54% | 0.05x | 15.15x | $-1.66 Million |
| 1999 | -1.67% | -1.56% | 0.04x | 24.82x | $-2.47 Million |
| 2000 | 11.96% | 7.75% | 0.09x | 16.82x | $620.60K |
| 2001 | 11.80% | 8.20% | 0.09x | 16.83x | $630.70K |
| 2002 | 13.75% | 11.05% | 0.07x | 17.39x | $1.55 Million |
| 2003 | 14.14% | 12.40% | 0.07x | 16.38x | $1.91 Million |
| 2004 | 13.75% | 12.92% | 0.06x | 18.12x | $1.89 Million |
| 2005 | 13.25% | 10.64% | 0.06x | 21.07x | $1.74 Million |
| 2006 | 12.09% | 9.50% | 0.06x | 19.76x | $1.30 Million |
| 2007 | 11.52% | 9.32% | 0.07x | 17.82x | $1.08 Million |
| 2008 | 8.68% | 10.67% | 0.06x | 12.64x | $-1.36 Million |
| 2009 | 7.98% | 10.10% | 0.07x | 12.10x | $-2.32 Million |
| 2010 | 9.31% | 12.27% | 0.06x | 12.48x | $-773.30K |
| 2011 | 10.54% | 15.82% | 0.05x | 12.74x | $650.50K |
| 2012 | 12.29% | 20.45% | 0.05x | 11.62x | $3.65 Million |
| 2013 | 12.07% | 20.68% | 0.05x | 10.68x | $3.41 Million |
| 2014 | 9.31% | 18.52% | 0.05x | 10.68x | $-1.34 Million |
| 2015 | 7.70% | 18.41% | 0.04x | 9.94x | $-6.13 Million |
| 2016 | 7.02% | 17.53% | 0.04x | 9.22x | $-10.17 Million |
| 2017 | 7.25% | 21.14% | 0.04x | 8.67x | $-12.59 Million |
| 2018 | 10.80% | 27.35% | 0.05x | 8.63x | $3.92 Million |
| 2019 | 10.14% | 27.41% | 0.05x | 7.99x | $935.70K |
| 2020 | 9.90% | 26.93% | 0.04x | 8.50x | $-722.60K |
| 2021 | 12.04% | 35.32% | 0.03x | 10.25x | $14.77 Million |
| 2022 | 13.79% | 33.59% | 0.04x | 11.62x | $25.67 Million |
| 2023 | 3.89% | 12.69% | 0.03x | 11.03x | $-43.90 Million |
| 2024 | 4.64% | 9.97% | 0.05x | 10.22x | $-40.93 Million |
| 2025 | -21.86% | -145.86% | 0.02x | 9.35x | $-219.31 Million |
Industry Comparison
This section compares Horizon Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Bancorp (HBNC) | $688.25 Million | 10.64% | 8.35x | $910.13 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Horizon Bancorp
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services. The company offers checking, saving, money market, certificate of deposits, and time deposits, as well as non-interest- and interest-bearing demand deposits. It also provides commercial, residential real estate, mortgage warehouse Loans, consumer loa… Read more