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Horizon Bancorp (IN)FRA:4WC -9.83%36 Return-on-Tangible-Asset is 1.56% as of Jun. 2026, which is 41% above its 10-year median of 1.11. GuruFocus rates FRA:4WC with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,525 Banks companies, Horizon Bancorp (IN) ranks worse than 98.62% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Horizon Bancorp (IN)'s annualizedNet Income for the quarter that ended in Jun. 2026 was €86.48 Mil. Horizon Bancorp (IN)'s average total tangible assets for the quarter that ended in Jun. 2026 was €5,552.38 Mil. Therefore, Horizon Bancorp (IN)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.56%.
The historical rank and industry rank for Horizon Bancorp (IN)'s Return-on-Tangible-Asset or its related term are showing as below:
FRA:4WC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.17 Med: 1.11 Max: 1.45
Current: -2.17
During the past 13 years, Horizon Bancorp (IN)'s highest Return-on-Tangible-Asset was 1.45%. The lowest was -2.17%. And the median was 1.11%.
FRA:4WC's Return-on-Tangible-Asset is ranked worse than 98.62% of 1525
companies
in the Banks industry
Industry Median: 1.03
vs FRA:4WC: -2.17
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Horizon Bancorp (IN) Return-on-Tangible-Asset Related Terms
Horizon Bancorp (IN) Return-on-Tangible-Asset Historical Data
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The historical data trend for Horizon Bancorp (IN)'s Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:4WC vs CCNE, EQBK, ESQ: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Horizon Bancorp (IN)'s Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Horizon Bancorp (IN) Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Horizon Bancorp (IN)'s Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.56% mean?
Horizon Bancorp (IN) (FRA:4WC) has a Return-on-Tangible-Asset of 1.56% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horizon Bancorp (IN) and its competitors. This is 41% above median its historical median of 1.11. According to the industry distribution chart, Horizon Bancorp (IN) ranks #1504 out of 1525 companies in the Banks industry, placing it in the top 98.6%.
Is Horizon Bancorp (IN)'s Return-on-Tangible-Asset too high?
Horizon Bancorp (IN)'s current Return-on-Tangible-Asset of 1.56% is 41% above median its 10-year median of 1.11. The Banks industry median Return-on-Tangible-Asset is 1.03. Horizon Bancorp (IN)'s value of 1.56% is 51.5% above this industry median. Based on the distribution chart, Horizon Bancorp (IN) ranks #1504 out of 1525 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Horizon Bancorp (IN) has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Bancorp (IN)'s Return-on-Tangible-Asset compare to CCNE and EQBK?
According to the Banks industry distribution chart, Horizon Bancorp (IN) ranks #1504 out of 1525 companies for Return-on-Tangible-Asset. This places Horizon Bancorp (IN) in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.03. Horizon Bancorp (IN)'s value of 1.56% is 51.5% above this benchmark. While the company's 10-year median is 1.11 vs. the industry median of 1.03, Horizon Bancorp (IN) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.03, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horizon Bancorp (IN)'s current Return-on-Tangible-Asset of 1.56% is 51.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horizon Bancorp (IN) and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Bancorp (IN)'s current Return-on-Tangible-Asset is 1.56%, which is 41% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Bancorp (IN) stock overvalued right now?
Horizon Bancorp (IN) (FRA:4WC) has a current Return-on-Tangible-Asset of 1.56%. The current Return-on-Tangible-Asset is 1.56%, which is 41% above median its 10-year median of 1.11 and 51.5% above the Banks industry median of 1.03. Horizon Bancorp (IN)'s overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Horizon Bancorp (IN) (FRA:4WC), the current Return-on-Tangible-Asset is 1.56% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. The company has one principal business segment, commercial banking.
36GF Score
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