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Horizon Bancorp (IN)FRA:4WC -9.83%36 Return-on-Tangible-Equity is 18.10% as of Jun. 2026, which is 44% above its 10-year median of 12.59. GuruFocus rates FRA:4WC with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,520 Banks companies, Horizon Bancorp (IN) ranks worse than 98.82% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Horizon Bancorp (IN)'s annualized net income for the quarter that ended in Jun. 2026 was €86.48 Mil. Horizon Bancorp (IN)'s average shareholder tangible equity for the quarter that ended in Jun. 2026 was €477.66 Mil. Therefore, Horizon Bancorp (IN)'s annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 18.10%.
The historical rank and industry rank for Horizon Bancorp (IN)'s Return-on-Tangible-Equity or its related term are showing as below:
FRA:4WC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.78 Med: 12.59 Max: 17.75
Current: -26.15
During the past 13 years, Horizon Bancorp (IN)'s highest Return-on-Tangible-Equity was 17.75%. The lowest was -26.78%. And the median was 12.59%.
FRA:4WC's Return-on-Tangible-Equity is ranked worse than 98.82% of 1520
companies
in the Banks industry
Industry Median: 11.44
vs FRA:4WC: -26.15
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Horizon Bancorp (IN) Return-on-Tangible-Equity Related Terms
Horizon Bancorp (IN) Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Horizon Bancorp (IN)'s Return-on-Tangible-Equity 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-Equity Comparison
For the Banks - Regional subindustry, Horizon Bancorp (IN)'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horizon Bancorp (IN)'s Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.10% mean?
Horizon Bancorp (IN) (FRA:4WC) has a Return-on-Tangible-Equity of 18.10% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horizon Bancorp (IN) and its competitors. This is 44% above median its historical median of 12.59. According to the industry distribution chart, Horizon Bancorp (IN) ranks #1502 out of 1520 companies in the Banks industry, placing it in the top 98.8%.
Is Horizon Bancorp (IN)'s Return-on-Tangible-Equity too high?
Horizon Bancorp (IN)'s current Return-on-Tangible-Equity of 18.10% is 44% above median its 10-year median of 12.59. The Banks industry median Return-on-Tangible-Equity is 11.44. Horizon Bancorp (IN)'s value of 18.10% is 58.2% above this industry median. Based on the distribution chart, Horizon Bancorp (IN) ranks #1502 out of 1520 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-Equity compare to CCNE and EQBK?
According to the Banks industry distribution chart, Horizon Bancorp (IN) ranks #1502 out of 1520 companies for Return-on-Tangible-Equity. This places Horizon Bancorp (IN) in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.44. Horizon Bancorp (IN)'s value of 18.10% is 58.2% above this benchmark. While the company's 10-year median is 12.59 vs. the industry median of 11.44, 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-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.44, based on 1,520 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 18.10% is 58.2% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horizon Bancorp (IN) and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.44 — 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-Equity is 18.10%, which is 44% above median its own 10-year median of 12.59. 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-Equity of 18.10%. The current Return-on-Tangible-Equity is 18.10%, which is 44% above median its 10-year median of 12.59 and 58.2% above the Banks industry median of 11.44. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Horizon Bancorp (IN) (FRA:4WC), the current Return-on-Tangible-Equity is 18.10% 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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