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Horizon Bancorp Valuation Multiples
Discover revenue and EBITDA valuation multiples for Horizon Bancorp and similar public comparables like GCB Bank, Pasargad Bank, Ecobank Transnational, HBT Financial and more.
Horizon Bancorp Overview
About Horizon Bancorp
Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. The company has one principal business segment, commercial banking.
Founded
1873
HQ
Employees
862
Website
Sectors
Financials (LTM)
EV
$1B
Horizon Bancorp Financials
Horizon Bancorp reported last 12-month revenue of $286M.
In the same LTM period, Horizon Bancorp generated $139M in net income.
Revenue (LTM)
Horizon Bancorp P&L
In the most recent fiscal year, Horizon Bancorp reported revenue of $279M and net income of $151M.
Horizon Bancorp expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $286M | XXX | $279M | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $139M | XXX | $151M | XXX | XXX | XXX |
| Net Margin | 49% | XXX | 54% | XXX | XXX | XXX |
| Net Debt | — | — | $176M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Horizon Bancorp Stock Performance
Horizon Bancorp has current market cap of $862M, and enterprise value of $1B.
Market Cap Evolution
Horizon Bancorp's stock price is $16.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $862M | 0.0% | XXX | XXX | XXX | $2.95 |
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Start Free TrialHorizon Bancorp Valuation Multiples
Horizon Bancorp trades at 4.1x EV/Revenue multiple.
EV / Revenue (LTM)
Horizon Bancorp Financial Valuation Multiples
As of March 31, 2026, Horizon Bancorp has market cap of $862M and EV of $1B.
Equity research analysts estimate Horizon Bancorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Horizon Bancorp has a P/E ratio of 6.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $862M | XXX | $862M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBIT | 9.3x | XXX | 9.7x | XXX | XXX | XXX |
| P/E | 6.2x | XXX | 5.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 15.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Horizon Bancorp Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Horizon Bancorp Margins & Growth Rates
Horizon Bancorp's revenue in the last 12 month grew by 9%.
Horizon Bancorp's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Horizon Bancorp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 34% | XXX | XXX | XXX |
| Opex to Revenue | 57% | XXX | 58% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Horizon Bancorp Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| GCB Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Pasargad Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Ecobank Transnational | XXX | XXX | XXX | XXX | XXX | XXX |
| HBT Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Central Pacific Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Horizon Bancorp M&A Activity
Horizon Bancorp acquired XXX companies to date.
Last acquisition by Horizon Bancorp was on XXXXXXXX, XXXXX. Horizon Bancorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Horizon Bancorp
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHorizon Bancorp Investment Activity
Horizon Bancorp invested in XXX companies to date.
Horizon Bancorp made its latest investment on XXXXXXXX, XXXXX. Horizon Bancorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Horizon Bancorp
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Horizon Bancorp
| When was Horizon Bancorp founded? | Horizon Bancorp was founded in 1873. |
| Where is Horizon Bancorp headquartered? | Horizon Bancorp is headquartered in United States. |
| How many employees does Horizon Bancorp have? | As of today, Horizon Bancorp has over 862 employees. |
| Who is the CEO of Horizon Bancorp? | Horizon Bancorp's CEO is Thomas M. Prame. |
| Is Horizon Bancorp publicly listed? | Yes, Horizon Bancorp is a public company listed on Nasdaq. |
| What is the stock symbol of Horizon Bancorp? | Horizon Bancorp trades under HBNC ticker. |
| When did Horizon Bancorp go public? | Horizon Bancorp went public in 1994. |
| Who are competitors of Horizon Bancorp? | Horizon Bancorp main competitors are GCB Bank, Pasargad Bank, Ecobank Transnational, HBT Financial. |
| What is the current market cap of Horizon Bancorp? | Horizon Bancorp's current market cap is $862M. |
| What is the current revenue of Horizon Bancorp? | Horizon Bancorp's last 12 months revenue is $286M. |
| What is the current revenue growth of Horizon Bancorp? | Horizon Bancorp revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Horizon Bancorp? | Current revenue multiple of Horizon Bancorp is 4.1x. |
| Is Horizon Bancorp profitable? | Yes, Horizon Bancorp is net-income-positive (as of the last 12 months). |
| What is the current net income of Horizon Bancorp? | Horizon Bancorp's last 12 months net income is $139M. |
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