Horizon Bancorp Income Statement - Quarterly (NASDAQ:HBNC)

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$26.03 $0.45 (1.76%) HBNC stock closing price Dec 07, 2016 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Horizon Bancorp stock price alone is not sufficient. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $34.52M to $39.02M and how operating and non operating activities have impacted the HBNC stock. 2016-Q3 revenue is $39.02M and has increased from $34.52M quarter on quarter as is evident when you compare the latest figures in the latest Horizon Bancorp profit and loss statement with those of the prior corresponding period. (See also:Horizon Bancorp assets and Horizon Bancorp free cash flow) View details of revenue and profits for Horizon Bancorp for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Horizon Bancorp Net Sales or Revenues
39.02M34.52M31.39M31.54M31.98M28.31M27.16M26.5M27.24M26.75M
Cost Of Goods Sold (COGS)1.87M1.55M1.49M1.53M1.56M1.23M1.23M1.28M1.35M1.35M
Horizon Bancorp Gross Profit
37.14M32.96M29.9M30.03M30.41M27.07M25.92M25.24M25.88M25.39M
Research & Development Expense----------
Selling General & Admin Expense25.27M21.78M20.27M19.59M22.53M18.55M16.68M16.66M17.09M16.74M
Income Before Depreciation Depletion Amortization11.86M11.17M9.62M10.44M7.87M8.52M9.24M8.6M8.79M8.64M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense2.67M2.22M2.26M2.05M2.23M2.04M1.97M1.99M2.09M1.97M
Horizon Bancorp Pretax Income
9.19M8.95M7.35M8.39M5.64M6.48M7.27M6.62M6.69M6.66M
Provision for Income Taxes2.58M2.62M1.97M2.22M1.35M1.75M1.91M1.67M1.73M1.89M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations6.6M6.33M5.38M6.18M4.29M4.73M5.36M4.92M4.96M4.78M
Extraordinary Items & Discontinued Operations----------
Horizon Bancorp Net Income (Profit/Loss)
6.6M6.33M5.38M6.18M4.29M4.73M5.36M4.92M4.96M4.78M
Average Shares used to compute Diluted EPS21.65M18.37M17.94M18.02M17.26M14.46M14.42M14.44M14.38M14.34M
Average Shares used to compute Basic EPS21.54M18.27M17.94M17.91M17.26M13.86M13.82M13.82M13.81M13.77M
Income Before Nonrecurring Items8.37M6.92M5.43M6.06M6.46M4.65M4.67M4.92M4.96M4.78M
Income from Nonrecurring Items-1.77M-0.59M-0.05M0.12M-2.17M0.08M0.69M---
Horizon Bancorp Earnings Per Share Basic Net
0.310.350.300.340.250.340.390.350.350.35
Horizon Bancorp Earnings Per Share Diluted Net
0.300.350.290.340.240.330.370.340.340.33
EPS Diluted Before Nonrecurring Items0.380.380.300.330.370.320.320.340.340.33
Preferred Dividends Acc Pd----------
Dividends Common2.212.14--------
Dividend Per Share Common0.100.100.10-0.100.090.090.180.090.07
All figures in USD. M: Millions of USD, B: Billions of USD.
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Horizon Bancorp stock analysis involves checking at least a few of the important things like:
  • Topline: A growing topline, as seen from the Horizon Bancorp revenue chart, as is the case with Horizon Bancorp indicates a growing business. One needs to compare the QoQ or YoY topline growth of HBNC stock with its peers like FBK stock and AROW stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $39.02M - other expenses = $6.6M for HBNC stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Horizon Bancorp historical stock prices to check how the price has moved with time. .

Horizon Bancorp Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
20.3360
PS ratio (
price sales ratio
)
4.1085
Operating margin
30.4
Net profit margin
16.9
Dividend yield
1.15%