Last 48 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Horizon Bancorp, Inc.'s quarterly P/E stands at 8.1x, up 16.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 25.9% YoY to 9.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -6.27 | 8.12 | 8.00 | — | 8.18 | 6.98 | — | 9.48 | 9.66 | 10.02 | — | 7.22 | 6.05 |
| — | +16.3% | — | — | -15.3% | -30.3% | — | +31.4% | +59.7% | +52.3% | — | -11.6% | -20.8% | |
| P/S Ratio | 9.81 | 2.17 | 2.16 | — | 1.67 | 1.58 | 2.79 | 1.69 | 1.41 | 1.49 | 2.53 | 1.29 | 1.32 |
| — | +37.4% | -22.7% | — | +18.6% | +6.0% | +10.3% | +31.4% | +7.1% | -1.1% | +17.7% | -53.9% | -53.3% | |
| P/B Ratio | 1.47 | 0.45 | 1.26 | 1.15 | 0.86 | 0.85 | 0.92 | 0.91 | 0.75 | 0.78 | 0.87 | 0.67 | 0.64 |
| — | -47.3% | +37.0% | +26.1% | +14.4% | +9.4% | +6.2% | +34.7% | +16.6% | +13.3% | -10.6% | -44.6% | -44.5% | |
| P/FCF | 24.29 | — | 5.68 | 20.14 | 9.34 | 11.74 | — | 5.53 | 9.01 | 26.23 | 11.44 | 4.08 | 8.08 |
| — | — | — | +264.0% | +3.6% | -55.2% | — | +35.7% | +11.6% | +436.5% | +4.2% | -45.9% | +6.6% | |
| EV / EBITDA | — | 8.99 | 8.62 | — | 14.91 | 12.12 | — | 21.65 | 24.74 | 23.90 | — | 21.58 | 18.25 |
| — | -25.9% | — | — | -39.7% | -49.3% | — | +0.3% | +35.6% | +23.6% | — | +35.8% | +38.5% | |
| EV / EBIT | — | 8.99 | 8.79 | — | 16.71 | 13.41 | — | 25.25 | 29.40 | 28.78 | — | 25.20 | 20.93 |
| — | -33.0% | — | — | -43.2% | -53.4% | — | +0.2% | +40.5% | +30.4% | — | +41.8% | +40.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Horizon Bancorp, Inc.'s operating margin was 33.0% in Q1 2026, down 1.0 pp QoQ and up 6.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 57.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 17.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.5% | 74.7% | 74.4% | 115.2% | 61.9% | 63.5% | 34.4% | 55.6% | 54.3% | 54.7% | 31.1% | 57.8% | 63.7% |
| — | +17.5% | +116.2% | +107.2% | +13.9% | +16.1% | +10.7% | -3.9% | -14.8% | -17.9% | -59.1% | -33.6% | -31.4% | |
| Operating Margin | -193.4% | 33.0% | 34.1% | 140.5% | 24.1% | 26.8% | -34.8% | 17.9% | 16.5% | 16.2% | -30.5% | 19.3% | 23.4% |
| — | +23.5% | +198.0% | +686.8% | +46.5% | +65.1% | -14.1% | -7.2% | -29.6% | -35.3% | -197.9% | -47.6% | -45.3% | |
| Net Margin | -145.9% | 26.7% | 26.7% | 109.0% | 20.4% | 22.8% | -17.2% | 17.9% | 14.7% | 14.8% | -40.9% | 17.8% | 21.7% |
| — | +17.2% | +255.0% | +507.5% | +39.2% | +54.0% | +57.8% | +0.5% | -32.4% | -34.8% | -247.8% | -47.4% | -41.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.7% | 2.0% | 4.0% | -30.6% | 2.6% | 3.1% | -1.4% | 2.5% | 2.0% | 1.9% | -3.6% | 2.3% | 2.7% |
| — | -34.6% | +378.5% | -1346.2% | +34.9% | +60.1% | +59.9% | +6.2% | -26.5% | -26.5% | -211.6% | -36.8% | -28.6% | |
| ROA | -2.1% | 0.4% | 0.4% | -3.1% | 0.3% | 0.3% | -0.1% | 0.2% | 0.2% | 0.2% | -0.3% | 0.2% | 0.2% |
| — | +29.7% | +395.9% | -1446.8% | +50.7% | +75.3% | +56.4% | +12.8% | -24.2% | -23.4% | -216.8% | -34.4% | -28.3% | |
| ROIC | -9.3% | 1.4% | 2.3% | -14.3% | 1.0% | 1.1% | -0.8% | 0.6% | 0.5% | 0.6% | -0.7% | 0.6% | 0.7% |
| — | +33.6% | +400.1% | -2383.1% | +83.9% | +85.8% | -7.8% | +3.8% | -23.0% | -26.2% | -170.5% | -44.8% | -47.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Horizon Bancorp, Inc.'s Debt/EBITDA ratio is 11.8x — elevated, raising questions about debt serviceability. The current ratio has improved 25403.2% YoY to 9.84x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.59 | 0.20 | 0.59 | 0.69 | 1.38 | 1.31 | 1.76 | 1.83 | 2.02 | 2.04 | 1.44 | 2.12 | 2.07 |
| — | -84.5% | -66.6% | -62.0% | -32.0% | -36.0% | +22.3% | -14.0% | -2.2% | +0.4% | -3.8% | +17.7% | +26.7% | |
| Debt / EBITDA | — | 11.80 | 11.55 | — | 39.84 | 32.62 | — | 65.28 | 77.96 | 79.87 | — | 72.10 | 63.33 |
| — | -63.8% | — | — | -48.9% | -59.2% | — | -9.5% | +23.1% | +28.3% | — | +79.0% | +92.6% | |
| Current Ratio | 1.14 | 9.84 | 1.14 | 0.18 | 0.03 | 0.04 | 0.10 | 0.14 | 0.13 | 0.15 | 0.19 | 0.19 | 0.20 |
| — | +25403.2% | +1040.4% | +28.7% | -73.9% | -74.6% | -48.0% | -24.6% | -37.9% | -22.5% | +1.3% | -2.5% | +1.6% | |
| Quick Ratio | 1.14 | 9.84 | 1.14 | 0.18 | 0.03 | 0.04 | 0.10 | 0.14 | 0.13 | 0.15 | 0.19 | 0.19 | 0.20 |
| — | +25403.2% | +1040.4% | +28.7% | -73.9% | -74.6% | -48.0% | -24.6% | -37.9% | -22.5% | +1.3% | -2.5% | +1.6% | |
| Interest Coverage | -1.50 | 1.33 | 1.33 | -8.31 | 0.68 | 0.76 | -0.55 | 0.41 | 0.38 | 0.36 | -0.46 | 0.46 | 0.66 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Horizon Bancorp, Inc.'s current P/E is -6.3x. The average P/E over the last 3 quarters is 8.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Horizon Bancorp, Inc.'s current operating margin is -193.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Horizon Bancorp, Inc.'s business trajectory between earnings reports.