HBNC (Horizon Bancorp (IN)) ROE % Adjusted to Book Value: 9.91% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HBNC Horizon Bancorp (IN) HBNC
35 GF Score
Price $19.60
! 4 Warning Signs
View Full Analysis

What is Horizon Bancorp (IN) ROE % Adjusted to Book Value?

Horizon Bancorp (IN) HBNC -0.28% 35 ROE % Adjusted to Book Value is 9.91% as of Jun. 2026. GuruFocus rates HBNC with a GF Score™ of 35/100. The stock has 4 warning signs investors should review.

Horizon Bancorp (IN)'s ROE % for the quarter that ended in Jun. 2026 was 13.98%. Horizon Bancorp (IN)'s PB Ratio for the quarter that ended in Jun. 2026 was 1.41. Horizon Bancorp (IN)'s ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 was 9.91%.


Horizon Bancorp (IN) ROE % Adjusted to Book Value Related Terms


Horizon Bancorp (IN) ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Horizon Bancorp (IN)'s ROE % Adjusted to Book Value 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.

Horizon Bancorp (IN) ROE % Adjusted to Book Value Chart

Horizon Bancorp (IN) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.77 13.61 4.56 5.20 -16.45

Horizon Bancorp (IN) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.40 -98.66 12.67 12.37 9.91

HBNC vs CCNE, EQBK, ESQ: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, Horizon Bancorp (IN)'s ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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) ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Horizon Bancorp (IN)'s ROE % Adjusted to Book Value falls into.


HBNC
35GF Score
Horizon Bancorp (IN) HBNC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horizon Bancorp (IN) ROE % Adjusted to Book Value Calculation

Horizon Bancorp (IN)'s ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-20.73% / 1.26
=-16.45%

Horizon Bancorp (IN)'s ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=13.98% / 1.41
=9.91%

* 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.

What does a ROE % Adjusted to Book Value of 9.91% mean?
Horizon Bancorp (IN) (HBNC) has a ROE % Adjusted to Book Value of 9.91% as of Jun. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Horizon Bancorp (IN) and its competitors.
Is Horizon Bancorp (IN)'s ROE % Adjusted to Book Value too high?
Horizon Bancorp (IN)'s current ROE % Adjusted to Book Value is 9.91%. Overall, Horizon Bancorp (IN) has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Bancorp (IN)'s ROE % Adjusted to Book Value compare to CCNE and EQBK?
Horizon Bancorp (IN)'s ROE % Adjusted to Book Value of 9.91% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Horizon Bancorp (IN) and its competitors. Horizon Bancorp (IN)'s current ROE % Adjusted to Book Value is 9.91%. 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) (HBNC) has a current ROE % Adjusted to Book Value of 9.91%. The current ROE % Adjusted to Book Value is 9.91%. Horizon Bancorp (IN)'s overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Horizon Bancorp (IN) (HBNC), the current ROE % Adjusted to Book Value is 9.91% 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) Business Description

Other Exchanges 4WC:Germany
Address 515 Franklin Street, Michigan City, IN, USA, 46360
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.
35GF Score

Get the complete analysis for HBNC

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.60
Price