Horizon Bancorp Revenue, Profits - HBNC Annual Income Statement

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$29.53 $0.27 (0.92%) HBNC stock closing price Feb 23, 2018 (Closing)

HBNC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Horizon Bancorp stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the HBNC stock is bound to reflect the impact of the YOY growth of 11.85%. One also needs to look at Horizon Bancorp assets, operating expenses and Horizon Bancorp free cash flow. The Horizon Bancorp profit and loss statement shows revenue of $161.62M for 2017. Revenue has grown by 11.85% YOY for HBNC stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Horizon Bancorp Revenues or Net Sales
161.62M144.5M118.99M102.48M100.79M99.85M84.91M88.39M90.51M84.06M
Cost Of Goods Sold (COGS)-6.61M5.55M5.25M5.67M6.2M8.34M10.71M14.79M19.53M
Horizon Bancorp Gross Profit
-137.88M113.43M97.22M95.12M93.65M76.56M77.68M75.72M64.53M
Research & Development Expense----------
Selling General & Admin Expense-91.25M77.35M65M60.36M57.54M51.42M54.12M51.41M40.34M
Income Before Depreciation Depletion Amortization-46.63M36.07M32.22M34.75M36.1M25.13M23.56M24.31M24.18M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense-13.92M8.29M7.96M7.83M8.11M8.15M10.16M13.1M13.34M
Horizon Bancorp Pretax Income
-32.71M27.78M24.25M26.92M27.98M16.98M13.39M11.21M10.83M
Provision for Income Taxes-8.8M7.23M6.15M7.04M8.44M4.18M2.94M2.07M1.86M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations33.12M23.91M20.54M18.1M19.87M19.54M12.79M10.45M9.14M8.97M
Extraordinary Items & Discontinued Operations----------
Horizon Bancorp Profit/ Loss (Net Income)
33.12M23.91M20.54M18.1M19.87M19.54M12.79M10.45M9.14M8.97M
Average Shares used to compute Diluted EPS23.18M20.08M16.2M14.18M13.5M12.27M11.13M11.25M10.93M10.89M
Average Shares used to compute Basic EPS23.04M19.99M15.77M13.59M12.93M12.27M11.13M11.06M10.93M10.89M
Income Before Nonrecurring Items35.45M29.19M21.74M18.1M19.88M19.54M12.8M10.46M9.14M8.97M
Income from Nonrecurring Items-2.34M-5.28M-1.19M-------
Horizon Bancorp Earnings Per Share Basic Net
1.441.191.291.321.511.591.030.820.710.82
Horizon Bancorp Earnings Per Share Diluted Net
1.43M1.19M1.26M1.27M1.45M1.53M1.01M---
EPS Diluted Before Nonrecurring Items1.531.451.331.271.451.531.010.800.700.81
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.480.400.290.340.280.250.210.200.200.24
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Horizon Bancorp stock analysis are:

  • 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 YoY topline or sales growth of HBNC stock with its peers like SQBK stock and XBKS stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $33.12M for Horizon Bancorp for 2017. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

The income statement is also called statement of revenue and expense. The HBNC financials along with Horizon Bancorp historical stock prices provide a lot of details about the firm.

Horizon Bancorp Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
20.51
PS Ratio (price sales ratio)
4.59
Operating Margin
0
Net Profit Margin
16.6
Dividend Yield
1.63%