Horizon Historical Income Statement

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USD 18.29 0.11 0.60%

Historical analysis of Horizon Bancorp income statement accounts such as Selling General Administrative of 86.1 M or Total Revenue of 231.5 M can show how well Horizon Bancorp performed in making a profits. Evaluating Horizon Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Horizon Bancorp's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Horizon Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Horizon Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.

About Horizon Income Statement Analysis

Horizon Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Horizon Bancorp shareholders. The income statement also shows Horizon investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Horizon Bancorp Income Statement Chart

At present, Horizon Bancorp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 86.1 M, whereas Other Operating Expenses is forecasted to decline to about 23.2 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Net Interest Income

Total Revenue

Total revenue comprises all receipts Horizon Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Horizon Bancorp minus its cost of goods sold. It is profit before Horizon Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Horizon Bancorp. It is also known as Horizon Bancorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Horizon Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Horizon Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Horizon Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Horizon Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.At present, Horizon Bancorp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 86.1 M, whereas Other Operating Expenses is forecasted to decline to about 23.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	18.3M	36.5M	146.3M	153.6M
Depreciation And Amortization	9.8M	10.8M	3.6M	4.3M

Interest Expense Depreciation And Amortization

Horizon Bancorp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		-0.05	0.77	0.75	0.48	0.69	0.88	0.91	0.93	-0.75	0.94	0.0	0.95	0.72	-0.53	0.79	0.69	0.74	0.57	0.62	-0.24	0.21
Interest Expense	-0.05		0.5	0.58	0.82	0.1	-0.04	-0.05	-0.07	0.29	0.01	0.65	0.0	0.06	-0.53	0.41	0.1	0.55	0.7	0.62	0.92	-0.93
Selling General Administrative	0.77	0.5		0.98	0.89	0.65	0.71	0.77	0.77	-0.47	0.8	0.29	0.78	0.77	-0.7	0.88	0.7	0.9	0.84	0.81	0.34	-0.35
Total Revenue	0.75	0.58	0.98		0.94	0.58	0.73	0.75	0.74	-0.38	0.79	0.32	0.78	0.71	-0.76	0.92	0.65	0.95	0.9	0.89	0.41	-0.42
Gross Profit	0.48	0.82	0.89	0.94		0.43	0.48	0.49	0.48	-0.12	0.55	0.46	0.53	0.53	-0.75	0.81	0.5	0.88	0.91	0.88	0.68	-0.69
Other Operating Expenses	0.69	0.1	0.65	0.58	0.43		0.44	0.6	0.61	-0.91	0.67	0.21	0.67	0.49	-0.48	0.64	0.49	0.63	0.54	0.51	-0.02	0.06
Operating Income	0.88	-0.04	0.71	0.73	0.48	0.44		0.97	0.97	-0.51	0.94	-0.13	0.95	0.72	-0.38	0.81	0.69	0.73	0.56	0.61	-0.21	0.17
Ebit	0.91	-0.05	0.77	0.75	0.49	0.6	0.97		1.0	-0.66	0.96	-0.12	0.95	0.79	-0.36	0.81	0.75	0.73	0.55	0.57	-0.22	0.18
Ebitda	0.93	-0.07	0.77	0.74	0.48	0.61	0.97	1.0		-0.67	0.96	-0.12	0.96	0.78	-0.37	0.8	0.76	0.72	0.54	0.57	-0.25	0.19
Total Operating Expenses	-0.75	0.29	-0.47	-0.38	-0.12	-0.91	-0.51	-0.66	-0.67		-0.68	0.04	-0.69	-0.48	0.26	-0.48	-0.47	-0.41	-0.26	-0.26	0.41	-0.41
Income Before Tax	0.94	0.01	0.8	0.79	0.55	0.67	0.94	0.96	0.96	-0.68		0.0	1.0	0.8	-0.56	0.89	0.73	0.82	0.66	0.7	-0.14	0.17
Total Other Income Expense Net	0.0	0.65	0.29	0.32	0.46	0.21	-0.13	-0.12	-0.12	0.04	0.0		-0.02	0.11	-0.51	0.23	0.17	0.32	0.45	0.37	0.54	-0.54
Net Income	0.95	0.0	0.78	0.78	0.53	0.67	0.95	0.95	0.96	-0.69	1.0	-0.02		0.75	-0.56	0.89	0.71	0.82	0.65	0.71	-0.16	0.17
Income Tax Expense	0.72	0.06	0.77	0.71	0.53	0.49	0.72	0.79	0.78	-0.48	0.8	0.11	0.75		-0.44	0.7	0.75	0.64	0.57	0.47	0.02	0.12
Cost Of Revenue	-0.53	-0.53	-0.7	-0.76	-0.75	-0.48	-0.38	-0.36	-0.37	0.26	-0.56	-0.51	-0.56	-0.44		-0.73	-0.42	-0.76	-0.73	-0.86	-0.42	0.42
Net Income From Continuing Ops	0.79	0.41	0.88	0.92	0.81	0.64	0.81	0.81	0.8	-0.48	0.89	0.23	0.89	0.7	-0.73		0.63	0.98	0.92	0.93	0.3	-0.2
Tax Provision	0.69	0.1	0.7	0.65	0.5	0.49	0.69	0.75	0.76	-0.47	0.73	0.17	0.71	0.75	-0.42	0.63		0.64	0.46	0.47	-0.11	-0.08
Net Interest Income	0.74	0.55	0.9	0.95	0.88	0.63	0.73	0.73	0.72	-0.41	0.82	0.32	0.82	0.64	-0.76	0.98	0.64		0.96	0.95	0.41	-0.35
Interest Income	0.57	0.7	0.84	0.9	0.91	0.54	0.56	0.55	0.54	-0.26	0.66	0.45	0.65	0.57	-0.73	0.92	0.46	0.96		0.93	0.62	-0.45
Reconciled Depreciation	0.62	0.62	0.81	0.89	0.88	0.51	0.61	0.57	0.57	-0.26	0.7	0.37	0.71	0.47	-0.86	0.93	0.47	0.95	0.93		0.51	-0.44
Extraordinary Items	-0.24	0.92	0.34	0.41	0.68	-0.02	-0.21	-0.22	-0.25	0.41	-0.14	0.54	-0.16	0.02	-0.42	0.3	-0.11	0.41	0.62	0.51		-0.8
Selling And Marketing Expenses	0.21	-0.93	-0.35	-0.42	-0.69	0.06	0.17	0.18	0.19	-0.41	0.17	-0.54	0.17	0.12	0.42	-0.2	-0.08	-0.35	-0.45	-0.44	-0.8

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Horizon Bancorp Account Relationship Matchups

Horizon Bancorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	9.7M	10.6M	9.8M	10.8M	3.6M	4.3M
Interest Expense	47.5M	34.4M	18.3M	36.5M	146.3M	153.6M
Selling General Administrative	82.1M	89.5M	94.8M	82.8M	82.0M	86.1M
Total Revenue	195.2M	219.9M	228.3M	241.6M	220.5M	231.5M
Gross Profit	195.2M	219.9M	228.3M	241.6M	324.3M	340.5M
Other Operating Expenses	115.4M	141.6M	125.8M	1.8M	39.0M	23.2M
Operating Income	79.8M	78.4M	102.4M	142.1M	39.0M	50.0M
Ebit	79.8M	80.1M	106.5M	107.9M	39.0M	48.9M
Ebitda	89.5M	90.7M	116.3M	118.7M	39.0M	53.1M
Total Operating Expenses	(115.4M)	(141.6M)	(125.8M)	1.8M	39.0M	40.9M
Income Before Tax	79.8M	78.4M	102.4M	105.6M	39.0M	30.0M
Total Other Income Expense Net	79.8M	(27.4M)	(22.8M)	(23.1M)	39.0M	40.9M
Net Income	66.5M	68.5M	87.1M	93.4M	28.0M	24.0M
Income Tax Expense	13.3M	9.9M	15.4M	12.2M	11.0M	6.1M
Net Income Applicable To Common Shares	66.5M	68.5M	87.1M	93.4M	107.4M	112.8M
Net Income From Continuing Ops	66.5M	68.5M	87.1M	93.4M	74.4M	50.0M
Tax Provision	13.3M	9.9M	15.4M	12.2M	7.2M	12.1M
Net Interest Income	160.8M	170.9M	181.7M	199.5M	182.3M	159.2M
Interest Income	208.3M	205.4M	200.0M	236.0M	296.0M	199.9M
Reconciled Depreciation	9.7M	10.6M	11.2M	13.1M	12.2M	10.9M

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When determining whether Horizon Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horizon Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Bancorp Stock:

How To Invest In Horizon

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Is Horizon Stock a good investment?

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What is Horizon Bancorp's Net Worth?

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Largest Banks - Regional Companies

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For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Bancorp. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.108

Dividend Share

0.64

Earnings Share

0.48

Revenue Per Share

4.205

Quarterly Revenue Growth

0.069

The market value of Horizon Bancorp is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Horizon Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horizon Bancorp's market value can be influenced by many factors that don't directly affect Horizon Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Horizon Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Horizon Historical Income Statement

About Horizon Income Statement Analysis

Horizon Bancorp Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Interest Income

Horizon Bancorp income statement Correlations

Horizon Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Horizon Bancorp income statement Accounts

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COMMON DESTINATIONS

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Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Total Revenue	+ 0.98	Selling General Administrative
Net Interest Income	+ 0.98	Net Income From Continuing Ops
Ebit	+ 0.97	Operating Income
Ebitda	+ 0.97	Operating Income

Selling And Marketing Expenses	- 0.93	Interest Expense
Total Operating Expenses	- 0.91	Other Operating Expenses
Reconciled Depreciation	- 0.86	Cost Of Revenue
Selling And Marketing Expenses	- 0.8	Extraordinary Items
Net Interest Income	- 0.76	Cost Of Revenue
Cost Of Revenue	- 0.76	Total Revenue