Is HBANZ or HBNC more undervalued in 2026?

CirclFi compares Huntington Bancshares Incorpora (HBANZ) and Horizon Bancorp, Inc. (HBNC) using 13 institutional-grade valuation models. HBANZ has a Quality of Company score of 8.3/10 while HBNC scores 7.3/10.

Which is a better buy — HBANZ or HBNC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HBANZ and HBNC valuations compare?

HBANZ at $20.47 and HBNC at $18.48 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HBANZ vs HBNC Valuation Comparison 2026 — Intrinsic Value Analysis

HBANZ

Banks - Regional

Huntington Bancshares Incorpora

Quality

8.3

out of 10

Value Trap

SAFE

Price

$20.47

Last close

Models

12/13

Active

HBNC

Banks - Regional

Horizon Bancorp, Inc.

Quality

7.3

out of 10

Value Trap

SAFE

Price

$18.48

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HBANZ Fair Value	HBANZ Upside	HBNC Fair Value	HBNC Upside
Bayesian DCF	Intrinsic	$7.72	-62.3%	$5.97	-67.7%
Earnings Power Value	Intrinsic	$11.88	-42.0%	$7.94	-56.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HBANZ vs HBNC — Which Stock Is More Undervalued?

HBANZ scores higher with a 8.3/10 quality rating vs HBNC's 7.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Huntington Bancshares Incorpora (HBANZ) and Horizon Bancorp, Inc. (HBNC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HBANZ currently trades at $20.47 with a QOC of 8.3/10, while HBNC trades at $18.48 with a QOC of 7.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).