Is HORIZON BANCORP INC /IN/ (HBNC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 47.3% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -20.7% | |
| Return on Assets (ROA) | -2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $79M |
| Free Cash Flow | $74M |
| Total Debt | $316M |
| Total Assets | $6.4B |
Price & Trading
| Last Close | $16.34 |
| 50-Day MA | $17.18 |
| 200-Day MA | $16.46 |
| Avg Volume | 373K |
| Beta | 0.8 |
|
52-Week Range
$12.70
| |
About HORIZON BANCORP INC /IN/ (HBNC)
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit and credit cards; treasury management; and remote deposit, merchant processing, online payment portal, lockbox, smart safe, ACH origination, online bill pay, wire transfer, and positive and reverse positive pay services, as well as sells various life insurance products. Further, it provides online and mobile banking; health savings accounts; wealth management, financial planning, investment management, and insurance services; retirement services, including individual retirement accounts (IRAs), business IRAs, and employee benefit plans; and estate planning and settlement services. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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Frequently Asked Questions
Is HORIZON BANCORP INC /IN/ (HBNC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HORIZON BANCORP INC /IN/ is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is HORIZON BANCORP INC /IN/'s debt ratio?
HORIZON BANCORP INC /IN/'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are HORIZON BANCORP INC /IN/'s key financial metrics?
HORIZON BANCORP INC /IN/ has a market capitalization of $830M, and revenue of -$31M. Return on equity stands at -20.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.