What does share repurchase authorization limit mean?

This represents the total dollar value or share count that the board of directors has authorized the company to spend on repurchasing its own common stock from the open market. It serves as a signal of management's confidence in the company's valuation and its commitment to returning capital to shareholders. This limit is an authorization, not an obligation to spend.

Horizon Bancorp HBNC Share Repurchase Authorization Limit

Share Repurchase Authorization Limit at other companies

BeldenBDC

$115M—

Atmus Filtration TechnologiesATMU

$62M-48.3%

Envista Holdings CorporationNVST

$250M—

VontierVNT

$197.4M+165%

IPG PhotonicsIPGP

$100M—

Ryan Specialty HoldingsRYAN

$260M—

Other financials

Income statement

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Revenue$73.5M+6.9%

Net income$26.2M+9.3%

EPS (diluted)$0.51-5.6%

Balance sheet

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Cash & equivalents$259.1M+52.7%

Total debt$225.8M-74.9%

Total equity$699.0M-9.9%

Total assets$6.6B-14.0%

Cash flow

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Operating cash flow$20.8M+36.2%

CapEx$56.0K-95.0%

Free cash flow$20.7M+46.7%

Valuation

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Market cap$1.02B+57.7%

Enterprise value$982.06M-28.5%

Profitability

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Net margin33%-5.3pp

FCF margin34.4%+0.2pp

Returns & leverage

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Return on equity11.1%-2.7pp

Debt / equity0.3×-0.8×

Where this comes from

Reported directly by Horizon Bancorp in its filing.

Tagged under the XBRL concept srt:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased.

The official record: Horizon Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What does share repurchase authorization limit mean?: This represents the total dollar value or share count that the board of directors has authorized the company to spend on repurchasing its own common stock from the open market. It serves as a signal of management's confidence in the company's valuation and its commitment to returning capital to shareholders. This limit is an authorization, not an obligation to spend.