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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
HORIZON BANCORP INC is the larger business by last-quarter revenue ($63.5M vs $62.0M, roughly 1.0× MID PENN BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 31.4%, a 11.1% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 19.5%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $71.8M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 9.2%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
HBNC vs MPB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $62.0M |
| Net Profit | $26.9M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | 51.5% | 43.6% |
| Net Margin | 42.4% | 31.4% |
| Revenue YoY | 19.5% | 30.8% |
| Net Profit YoY | 347.4% | 47.0% |
| EPS (diluted) | $0.44 | $0.83 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $63.5M | $62.0M | ||
| Q3 25 | $58.4M | $61.8M | ||
| Q2 25 | $66.3M | $54.3M | ||
| Q1 25 | $68.8M | $47.7M | ||
| Q4 24 | $53.1M | $47.4M | ||
| Q3 24 | $58.4M | $45.3M | ||
| Q2 24 | $55.8M | $44.1M | ||
| Q1 24 | $53.2M | $42.3M |
| Q4 25 | $26.9M | $19.4M | ||
| Q3 25 | $-222.0M | $18.3M | ||
| Q2 25 | $20.6M | $4.8M | ||
| Q1 25 | $23.9M | $13.7M | ||
| Q4 24 | $-10.9M | $13.2M | ||
| Q3 24 | $18.2M | $12.3M | ||
| Q2 24 | $14.1M | $11.8M | ||
| Q1 24 | $14.0M | $12.1M |
| Q4 25 | 51.5% | 43.6% | ||
| Q3 25 | -490.4% | 39.3% | ||
| Q2 25 | 36.8% | 7.9% | ||
| Q1 25 | 40.8% | 35.2% | ||
| Q4 24 | -41.3% | 34.1% | ||
| Q3 24 | 31.0% | 32.8% | ||
| Q2 24 | 28.5% | 32.4% | ||
| Q1 24 | 28.8% | 34.8% |
| Q4 25 | 42.4% | 31.4% | ||
| Q3 25 | -380.2% | 29.6% | ||
| Q2 25 | 31.1% | 8.8% | ||
| Q1 25 | 34.8% | 28.8% | ||
| Q4 24 | -20.5% | 27.9% | ||
| Q3 24 | 31.1% | 27.1% | ||
| Q2 24 | 25.4% | 26.7% | ||
| Q1 24 | 26.3% | 28.7% |
| Q4 25 | $0.44 | $0.83 | ||
| Q3 25 | $-4.69 | $0.79 | ||
| Q2 25 | $0.47 | $0.22 | ||
| Q1 25 | $0.54 | $0.71 | ||
| Q4 24 | $-0.25 | $0.72 | ||
| Q3 24 | $0.41 | $0.74 | ||
| Q2 24 | $0.32 | $0.71 | ||
| Q1 24 | $0.32 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.5M | — |
| Total DebtLower is stronger | $248.6M | — |
| Stockholders' EquityBook value | $688.3M | $814.1M |
| Total Assets | $6.4B | $6.1B |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.5M | — | ||
| Q3 25 | $458.3M | — | ||
| Q2 25 | $137.9M | — | ||
| Q1 25 | $169.7M | — | ||
| Q4 24 | $293.4M | — | ||
| Q3 24 | $234.8M | — | ||
| Q2 24 | $146.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $248.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $688.3M | $814.1M | ||
| Q3 25 | $660.8M | $796.3M | ||
| Q2 25 | $790.9M | $775.7M | ||
| Q1 25 | $776.1M | $667.9M | ||
| Q4 24 | $763.6M | $655.0M | ||
| Q3 24 | $754.8M | $573.1M | ||
| Q2 24 | $726.7M | $559.7M | ||
| Q1 24 | $721.3M | $551.0M |
| Q4 25 | $6.4B | $6.1B | ||
| Q3 25 | $6.7B | $6.3B | ||
| Q2 25 | $7.7B | $6.4B | ||
| Q1 25 | $7.6B | $5.5B | ||
| Q4 24 | $7.8B | $5.5B | ||
| Q3 24 | $7.9B | $5.5B | ||
| Q2 24 | $7.9B | $5.4B | ||
| Q1 24 | $7.9B | $5.3B |
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $79.2M | $80.0M |
| Free Cash FlowOCF − Capex | $74.3M | $71.8M |
| FCF MarginFCF / Revenue | 117.0% | 115.8% |
| Capex IntensityCapex / Revenue | 7.8% | 13.3% |
| Cash ConversionOCF / Net Profit | 2.94× | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.2M | $80.0M | ||
| Q3 25 | $10.9M | $26.3M | ||
| Q2 25 | $19.5M | $29.0M | ||
| Q1 25 | $15.2M | $11.5M | ||
| Q4 24 | $6.4M | $51.4M | ||
| Q3 24 | $32.3M | $16.9M | ||
| Q2 24 | $15.9M | $18.0M | ||
| Q1 24 | $6.5M | $12.4M |
| Q4 25 | $74.3M | $71.8M | ||
| Q3 25 | $9.4M | $24.3M | ||
| Q2 25 | $18.1M | $27.2M | ||
| Q1 25 | $14.1M | $8.8M | ||
| Q4 24 | $1.3M | $44.5M | ||
| Q3 24 | $31.0M | $16.8M | ||
| Q2 24 | $15.1M | $17.7M | ||
| Q1 24 | $5.4M | $12.1M |
| Q4 25 | 117.0% | 115.8% | ||
| Q3 25 | 16.1% | 39.4% | ||
| Q2 25 | 27.3% | 50.1% | ||
| Q1 25 | 20.5% | 18.4% | ||
| Q4 24 | 2.4% | 93.8% | ||
| Q3 24 | 53.1% | 37.1% | ||
| Q2 24 | 27.1% | 40.2% | ||
| Q1 24 | 10.1% | 28.5% |
| Q4 25 | 7.8% | 13.3% | ||
| Q3 25 | 2.6% | 3.1% | ||
| Q2 25 | 2.1% | 3.2% | ||
| Q1 25 | 1.6% | 5.7% | ||
| Q4 24 | 9.6% | 14.6% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 2.2% | 0.8% |
| Q4 25 | 2.94× | 4.12× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 0.94× | 6.08× | ||
| Q1 25 | 0.64× | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | 1.78× | 1.37× | ||
| Q2 24 | 1.13× | 1.53× | ||
| Q1 24 | 0.47× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
