Horizon Bancorp, Inc. (HBNC) Revenue History
Annual and quarterly revenue from 1995 to present
HBNC Revenue Over Time (1995–2025)
HBNC Revenue Growth History
25 of 30 years with positive growth- FY1995 revenue growth
- N/A
- FY1996 revenue growth
- +16.7%
- FY1997 revenue growth
- +9.3%
- FY1998 revenue growth
- +1.6%
- FY1999 revenue growth
- +16.3%
- FY2000 revenue growth
- +114.6%
- FY2001 revenue growth
- +3.1%
- FY2002 revenue growth
- +2.4%
- FY2003 revenue growth
- +2.3%
- FY2004 revenue growth
- +1.8%
- FY2005 revenue growth
- +24.2%
- FY2006 revenue growth
- +18.2%
- FY2007 revenue growth
- +10.8%
- FY2008 revenue growth
- -3.7%
- FY2009 revenue growth
- +7.7%
- FY2010 revenue growth
- -5.9%
- FY2011 revenue growth
- -5.1%
- FY2012 revenue growth
- +18.2%
- FY2013 revenue growth
- +0.6%
- FY2014 revenue growth
- +1.7%
- FY2015 revenue growth
- +14.3%
- FY2016 revenue growth
- +22.2%
- FY2017 revenue growth
- +14.8%
- FY2018 revenue growth
- +24.0%
- FY2019 revenue growth
- +25.0%
- FY2020 revenue growth
- +4.8%
- FY2021 revenue growth
- -3.1%
- FY2022 revenue growth
- +12.8%
- FY2023 revenue growth
- +14.8%
- FY2024 revenue growth
- +11.3%
- FY2025 revenue growth
- -71.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $97.9M | — |
| Q4 2025 | $100.8M | — |
| Q3 2025 | $-203,735,000 | — |
| Q2 2025 | $101.2M | — |
| Q1 2025 | $105.0M | — |
| Q4 2024 | $63.1M | — |
| Q3 2024 | $101.4M | — |
| Q2 2024 | $96.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
HBNC Revenue Analysis (1995–2025)
Current Revenue & Growth
As of June 13, 2026, Horizon Bancorp, Inc. (HBNC) generated trailing twelve-month (TTM) revenue of $96.1 million, reflecting moderate decline in growth of -6.8% year-over-year. The most recent quarter (Q1 2026) recorded $97.9 million in revenue, down 2.8% sequentially.
Historical Growth Trajectory
HBNC's 5-year compound annual growth rate (CAGR) stands at -16.5%, indicating revenue contraction over this period. The 3-year CAGR of -28.1% is below the 5-year average, signalling a growth deceleration in recent years. Horizon Bancorp, Inc.'s highest annual revenue of $355.4 million was recorded in 2024.
Peer Comparison
Compared to Financial Services sector peers — including MOFG, FFIN, and MBWM. Compare HBNC vs MOFG →
HBNC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 HBNCCurrent | $96M | -6.8% | -16.5% | -193.4% | |
 MOFG | $206M | - | - | -40.8% | |
 FFIN | $826M | - | - | 37.5% | |
 MBWM | $372M | - | - | 27.5% | |
 CZWI | $90M | - | - | 7.0% | |
 HFWA | $336M | - | - | 23.2% |
HBNC Historical Revenue Data (1995–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $103.2M | - | $-30,391,000 | -29.5% | $-199,525,000 | -193.4% |
| 2024 | $355.4M | - | $182.1M | 51.2% | $27.4M | 7.7% |
| 2023 | $319.3M | - | $180.3M | 56.5% | $39.0M | 12.2% |
| 2022 | $278.1M | - | $243.4M | 87.5% | $105.6M | 38.0% |
| 2021 | $246.6M | - | $230.3M | 93.4% | $102.4M | 41.5% |
| 2020 | $254.4M | - | $199.2M | 78.3% | $78.4M | 30.8% |
| 2019 | $242.8M | - | $193.2M | 79.6% | $79.8M | 32.9% |
| 2018 | $194.2M | - | $159.7M | 82.2% | $63.6M | 32.7% |
| 2017 | $156.6M | - | $137.8M | 88.0% | $48.0M | 30.6% |
| 2016 | $136.4M | - | $114.0M | 83.6% | $32.7M | 24.0% |
| 2015 | $111.6M | - | $94.6M | 84.8% | $27.8M | 24.9% |
| 2014 | $97.7M | - | $81.4M | 83.3% | $24.3M | 24.8% |
| 2013 | $96.1M | - | $80.7M | 84.0% | $26.9M | 28.0% |
| 2012 | $95.6M | - | $77.7M | 81.3% | $28.0M | 29.3% |
| 2011 | $80.9M | - | $59.1M | 73.1% | $17.0M | 21.0% |
What if you invested $1,000 in HBNC back in 1995?
Total return with dividends reinvested · 31+ years of data
Calculate ReturnsHow much would $100/month in HBNC be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs HBNC Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Compare NowHBNC — Frequently Asked Questions
Quick answers to the most common questions about buying HBNC stock.
Is HBNC's revenue growth accelerating or slowing?
HBNC revenue is declining -6.8% year-over-year. TTM revenue fell to $96M, contrasting with the 5-year CAGR of -16.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is HBNC's revenue history from 1995 to 2026?
Horizon Bancorp, Inc. (HBNC) revenue history spans 1995 to 2026. TTM revenue as of 2026 is $96M, growing at -6.8% YoY. The 5-year CAGR is -16.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HBNC's long-term revenue growth rate (CAGR)?
Horizon Bancorp, Inc.'s 5-year revenue CAGR of -16.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -6.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HBNC.
Why does HBNC's quarterly revenue fluctuate?
HBNC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Horizon Bancorp, Inc.'s revenue data from 1995 to 2026 shows full historical quarterly detail on this page.
How is HBNC's revenue distributed by segment?
HBNC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HBNC's revenue compare to industry peers?
Horizon Bancorp, Inc. (HBNC) with TTM revenue of $96M and -6.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.