What is the 13F Pro Quality Score for HBNC?

13F Pro ranks HORIZON BANCORP INC /IN/ (HBNC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HBNC's current score at https://13fpro.ai/research/HBNC (free sign-up required for the full ranking).

Which hedge funds own the most HBNC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HBNC include BlackRock,, VANGUARD CAPITAL MANAGEMENT, SAPIENT CAPITAL. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HBNC as soon as new 13F filings post.

Where does 13F Pro source HBNC data?

All HORIZON BANCORP INC /IN/ fundamentals and ownership data come directly from SEC EDGAR. HORIZON BANCORP INC /IN/ files with the SEC under CIK 706129. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HBNC in?

HORIZON BANCORP INC /IN/ (HBNC) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is HBNC research updated on 13F Pro?

HBNC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HORIZON BANCORP INC /IN/(HBNC)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

HBNC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for HORIZON BANCORP INC /IN/ (HBNC), a Financials sector company. HBNC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), HORIZON BANCORP INC /IN/ reports quarterly revenue of $73.5M, net income of $26.2M, an operating margin of 44.0%. Top institutional holders of HBNC by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, SAPIENT CAPITAL, based on the most recent SEC filings. HBNC trades on the Nasdaq exchange and files with the SEC under CIK 706129. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HBNC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HORIZON BANCORP INC /IN/ directly from SEC EDGAR.

Revenue

Q1 2026

$73.5M

Net Income

Q1 2026

$26.2M

Free Cash Flow

Q1 2026

$20.7M

Operating Margin

Q1 2026

44.0%

D/E Ratio

Q1 2026

0.32

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

-637.8% YoY

$-150.5MFY 2025

FY21 $87.1MFY22 $93.4MFY23 $28.0MFY25 $-150.5M

EPS (Diluted)

-606.3% YoY

$-3.24FY 2025

FY21 $1.98FY22 $2.14FY23 $0.64FY25 $-3.24

Total Assets

-18.9% YoY

$6.44BFY 2025

FY21 $7.41BFY22 $7.87BFY23 $7.94BFY25 $6.44B

Total Debt

-81.6% YoY

$248.6MFY 2025

FY21 $712.7MFY22 $1.14BFY23 $1.35BFY25 $248.6M

Op. Cash Flow

-10.9% YoY

$79.2MFY 2025

FY21 $106.3MFY22 $94.4MFY23 $88.9MFY25 $79.2M

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Net Income	$-150.5M -637.8%	$28.0M -70.0%	$93.4M +7.3%	$87.1M +27.1%	$68.5M +2.9%	$66.5M
EPS (Diluted)	$-3.24 -606.3%	$0.64 -70.1%	$2.14 +8.1%	$1.98 +27.7%	$1.55 +1.3%	$1.53
Total Assets	$6.44B -18.9%	$7.94B +0.9%	$7.87B +6.2%	$7.41B +25.9%	$5.89B +12.2%	$5.25B
Total Debt	$248.6M -81.6%	$1.35B +18.4%	$1.14B +60.4%	$712.7M +50.1%	$475.0M -13.6%	$549.7M
Operating Cash Flow	$79.2M -10.9%	$88.9M -5.8%	$94.4M -11.3%	$106.3M +34.9%	$78.9M -54.8%	$174.4M

AI Insight: HBNC Financial Trends

HBNC dramatically reduced total debt from $1.4B to $226M over eight quarters, but earnings remain highly volatile with a massive $222M loss in Q3 2025.

• Total debt plummeted from $1,357M in Q2 2024 to $226M in Q1 2026, an 83% reduction.

• Equity declined from $791M in Q2 2025 to $661M in Q3 2025 following the $222M loss.

• Operating cash flow turned negative at $-48M in Q4 2024 before recovering to positive levels.

⚠ Net income volatility extreme with swings from $24M to $-222M to $27M across recent quarters.

⚠ The massive Q3 2025 loss of $222M represents an unusual event requiring monitoring for recurrence.

AI Insight: HBNC Ratio Trends

HBNC shows volatile profitability with extreme Q3 2025 loss driving negative TTM returns despite recent quarter recovery.

• ROE recovered to 15.0% in Q1 2026 from devastating -134.4% in Q3 2025.

• Debt-to-equity ratio improved dramatically from 1.87 in Q2 2024 to 0.32 in Q1 2026.

• TTM ROE remains deeply negative at -21.2% despite recent quarterly improvements.

⚠ Q3 2025's massive loss created lasting impact on trailing twelve-month performance metrics.

⚠ ROIC volatility ranging from negative to 14.0% signals underlying business instability.

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Available Research

13F Pro tracks comprehensive data for HORIZON BANCORP INC /IN/ including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HBNC

BlackRock, Inc.
$108.9M6,572,304 sh
VANGUARD CAPITAL MANAGEMENT LLC
$36.9M2,227,584 sh
SAPIENT CAPITAL LLC
$34.5M2,080,012 sh
DIMENSIONAL FUND ADVISORS LP
$32.6M1,965,861 sh
PL Capital Advisors, LLC
$30.0M1,812,825 sh
STATE STREET CORP
$27.5M1,659,349 sh
JENNISON ASSOCIATES LLC
$26.6M1,605,798 sh
ADAGE CAPITAL PARTNERS GP, L.L.C.
$24.4M1,471,142 sh
FJ Capital Management LLC
$21.4M1,291,208 sh
GEODE CAPITAL MANAGEMENT, LLC
$21.4M1,289,210 sh

Fund	Value	Shares
BlackRock, Inc.	$108.9M	6,572,304
VANGUARD CAPITAL MANAGEMENT LLC	$36.9M	2,227,584
SAPIENT CAPITAL LLC	$34.5M	2,080,012
DIMENSIONAL FUND ADVISORS LP	$32.6M	1,965,861
PL Capital Advisors, LLC	$30.0M	1,812,825
STATE STREET CORP	$27.5M	1,659,349
JENNISON ASSOCIATES LLC	$26.6M	1,605,798
ADAGE CAPITAL PARTNERS GP, L.L.C.	$24.4M	1,471,142
FJ Capital Management LLC	$21.4M	1,291,208
GEODE CAPITAL MANAGEMENT, LLC	$21.4M	1,289,210

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Is HBNC a good stock to buy?

13F Pro's AI-powered analysis of HORIZON BANCORP INC /IN/ (HBNC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HBNC are available on the HBNC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HBNC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HBNC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HORIZON BANCORP INC /IN/'s investment landscape.