Company research
HORIZON BANCORP INC /IN/
CIK 706129Updated Nov 13, 2026
SecurityHBNC · NASDAQ · equity
Name history
HORIZON BANCORP /IN/ · through May 7, 2018
HBNC price & chart
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NASDAQ:HBNC on TradingView ↗About the company
Horizon Bancorp, Inc. (NASDAQ: HBNC) is the $7.7 billion-asset (as of June 30, 2025) commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.
In the news
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Seeking Alpha
Horizon expects Q4 2026 non-FTE net interest income of $66M-$67M as margin targets modest expansion ↗
Horizon Bancorp, Inc. (HBNC) Q3 2026 Earnings Call Transcript ↗
SEC disclosures
HORIZON BANCORP INC /IN/ files 8-K: Material Event ↗
Recent filings
13F-HR filing
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 6,712,497,000Source | 7,927,457,000Source | 6,574,160,000Source | 7,652,051,000Source | 7,912,527,000Source | 6,564,216,000Source | 7,628,638,000Source | 7,855,707,000Source | 6,436,611,000Source | 7,801,146,000Source | 7,940,485,000Source | 7,872,518,000Source |
| Property, Plant and Equipment, NetUSD | 93,413,000Source | 93,544,000Source | 90,939,000Source | 93,398,000Source | 93,695,000Source | 90,763,000Source | 93,499,000Source | 94,303,000Source | 92,805,000Source | 93,864,000Source | 94,583,000Source | 92,677,000Source |
| GoodwillUSD | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 458,255,000Source | 234,834,000Source | 217,949,000Source | 137,917,000Source | 146,101,000Source | 259,071,000Source | 169,666,000Source | — | 139,459,000Source | 293,431,000Source | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 6,051,726,000Source | 7,172,635,000Source | 5,847,971,000Source | 6,861,199,000Source | 7,185,862,000Source | 5,865,189,000Source | 6,852,577,000Source | 7,134,457,000Source | 5,748,360,000Source | 7,037,564,000Source | 7,221,673,000Source | 7,195,143,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 458,734,000Source | 358,453,000Source | 460,610,000Source | 360,758,000Source | 357,673,000Source | 459,799,000Source | 360,522,000Source | 356,599,000Source | 459,243,000Source | 363,761,000Source | 356,400,000Source | 354,188,000Source |
| Retained Earnings (Accumulated Deficit)USD | 236,312,000Source | 454,050,000Source | 289,594,000Source | 466,497,000Source | 442,977,000Source | 272,941,000Source | 452,945,000Source | 435,927,000Source | 255,004,000Source | 436,122,000Source | 429,021,000Source | 429,385,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -34,275,000Source | -57,681,000Source | -24,015,000Source | -36,403,000Source | -73,985,000Source | -33,713,000Source | -37,406,000Source | -71,276,000Source | -25,996,000Source | -36,301,000Source | -66,609,000Source | -106,198,000Source |
| Stockholders' Equity Attributable to ParentUSD | 660,771,000Source | 754,822,000Source | 726,189,000Source | 790,852,000Source | 726,665,000Source | 699,027,000Source | 776,061,000Source | 721,250,000Source | 688,251,000Source | 763,582,000Source | 718,812,000Source | 677,375,000Source |
| Liabilities and EquityUSD | 6,712,497,000Source | 7,927,457,000Source | 6,574,160,000Source | 7,652,051,000Source | 7,912,527,000Source | 6,564,216,000Source | 7,628,638,000Source | 7,855,707,000Source | 6,436,611,000Source | 7,801,146,000Source | 7,940,485,000Source | 7,872,518,000Source |
| Additional Financial Items | ||||||||||||
| Dividends PayableUSD | 8,194,000Source | 0Source | 8,255,000Source | 7,090,000Source | 0Source | 8,231,000Source | 7,088,000Source | 7,156,000Source | 8,228,000Source | 7,081,000Source | 7,156,000Source | — |
| Long-term DebtUSD | — | — | — | — | — | — | — | — | 248,586,000Source | 1,232,252,000Source | 1,353,050,000Source | 1,142,949,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 26,168,000Source | 23,943,000Source | -150,482,000Source | 35,429,000Source | 27,981,000Source | 93,408,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 2,873,000Source | 2,475,000Source | 10,304,000Source | 10,331,000Source | 10,938,000Source | 10,754,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 556,000Source | 459,000Source | 1,621,000Source | 4,586,000Source | 3,586,000Source | 2,475,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -85,472,000Source | -17,000,000Source | -3,322,000Source | 2,177,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 20,762,000Source | 15,245,000Source | 79,231,000Source | 6,368,000Source | 88,936,000Source | 94,380,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -17,179,000Source | 38,860,000Source | 979,484,000Source | -52,776,000Source | 329,518,000Source | -1,019,932,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 56,000Source | 1,129,000Source | 4,956,000Source | 5,084,000Source | 7,775,000Source | 6,429,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 0Source | 3,698,000Source | 4,089,000Source | 1,371,000Source | 1,221,000Source | 1,824,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 116,029,000Source | -177,870,000Source | -1,212,687,000Source | -186,676,000Source | -15,444,000Source | 455,549,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 8,228,000Source | 7,120,000Source | 29,488,000Source | 28,328,000Source | 28,311,000Source | 27,765,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 119,612,000Source | -123,765,000Source | -153,972,000Source | -233,084,000Source | 403,010,000Source | -470,003,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 458,255,000Source | 234,834,000Source | 217,949,000Source | 137,917,000Source | 259,071,000Source | 169,666,000Source | 139,459,000Source | 293,431,000Source | 526,515,000Source | 123,505,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 28,766,000Source | 36,605,000Source | 131,538,000Source | 178,891,000Source | 119,692,000Source | 33,370,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 0Source | 360,000Source | 27,407,000Source | 10,710,000Source | 2,137,000Source | 802,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 1,600,000Source | 4,600,000Source | 3,600,000Source | 2,500,000Source |
| Amortization of Intangible AssetsUSD | — | — | 706,000Source | 844,000Source | 675,000Source | 816,000Source | 675,000Source | 816,000Source | 3,044,000Source | 3,403,000Source | 3,612,000Source | 3,702,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | 379,000Source | 349,000Source | 345,000Source | 346,000Source | 333,000Source | 335,000Source | 1,420,000Source | 1,300,000Source | 3,709,000Source | 2,594,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | -299,132,000Source | 0Source | 0Source | 0Source | 0Source | -407,000Source | -299,538,000Source | -39,140,000Source | -32,052,000Source | 0Source |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously RecordedUSD | — | — | 0Source | 0Source | 0Source | 150,000Source | 0Source | 0Source | 120,000Source | — | — | — |
| DepreciationUSD | — | — | — | — | — | — | — | — | 6,000,000Source | 5,800,000Source | — | — |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | -131,000Source | -297,000Source | -114,000Source | -245,000Source | -192,000Source | -228,000Source | -1,336,000Source | -1,199,000Source | -1,051,000Source | -1,046,000Source |
| Dividends PayableUSD | — | — | 8,194,000Source | 0Source | 8,255,000Source | 7,090,000Source | 8,231,000Source | 7,088,000Source | 8,228,000Source | 7,081,000Source | 7,156,000Source | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | -3,390,000Source | 1,044,000Source | 1,229,000Source | 1,999,000Source | 624,000Source | 1,543,000Source | 2,243,000Source | 3,854,000Source | 2,090,000Source | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | — | 1,208,000Source | 1,622,000Source | 1,576,000Source | 1,219,000Source | 1,090,000Source | 1,076,000Source | 4,799,000Source | 4,215,000Source | 4,323,000Source | 7,165,000Source |
| GoodwillUSD | — | — | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source | 155,211,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | — | 3,600,000Source | 3,600,000Source |
| Income Tax Expense (Benefit)USD | — | — | -64,338,000Source | -75,000Source | 5,836,000Source | 3,752,000Source | 6,177,000Source | 4,141,000Source | -50,671,000Source | -8,079,000Source | 11,018,000Source | 12,176,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -221,990,000Source | 18,180,000Source | 24,908,000Source | 20,644,000Source | 26,168,000Source | 23,943,000Source | -150,482,000Source | 35,429,000Source | 27,981,000Source | 93,408,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -221,990,000Source | 18,180,000Source | 24,908,000Source | 20,644,000Source | 26,168,000Source | 23,943,000Source | -150,482,000Source | 35,429,000Source | 27,981,000Source | 93,408,000Source |
| Other Interest and Dividend IncomeUSD | — | — | 2,063,000Source | 957,000Source | 937,000Source | 830,000Source | 1,509,000Source | 2,487,000Source | 7,245,000Source | 9,680,000Source | 4,967,000Source | 306,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 97,950,000Source | — | — | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 17,857,000Source | 597,000Source | 55,147,000Source | 16,712,000Source | 29,408,000Source | 69,113,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 145,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | — | — | — | — | — | — | — | — | — | -2,219,000Source |
| Provision for Loan, Lease, and Other Losses | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -286,328,000Source | 18,105,000Source | 30,744,000Source | 24,396,000Source | 32,345,000Source | 28,084,000Source | -201,153,000Source | 27,350,000Source | 38,999,000Source | 105,584,000Source |
| Income Tax Expense (Benefit)USD | — | — | -64,338,000Source | -75,000Source | 5,836,000Source | 3,752,000Source | 6,177,000Source | 4,141,000Source | -50,671,000Source | -8,079,000Source | 11,018,000Source | 12,176,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -221,990,000Source | 18,180,000Source | 24,908,000Source | 20,644,000Source | 26,168,000Source | 23,943,000Source | -150,482,000Source | 35,429,000Source | 27,981,000Source | 93,408,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -4.69Source | 0.42Source | 0.49Source | 0.47Source | 0.51Source | 0.55Source | -3.24Source | 0.81Source | 0.64Source | 2.14Source |
| Earnings Per Share, DilutedUSD per share | — | — | -4.69Source | 0.41Source | 0.49Source | 0.47Source | 0.51Source | 0.54Source | -3.24Source | 0.8Source | 0.64Source | 2.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 47,311,642Source | 43,712,059Source | 51,082,827Source | 43,794,490Source | 50,987,426Source | 43,777,109Source | 46,486,776Source | 43,702,314Source | 43,630,160Source | 43,568,823Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 47,311,642Source | 44,112,321Source | 51,304,962Source | 44,034,663Source | 51,243,002Source | 43,954,164Source | 46,486,776Source | 44,064,490Source | 43,843,880Source | 43,699,115Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 706,000Source | 844,000Source | 675,000Source | 816,000Source | 675,000Source | 816,000Source | 3,044,000Source | 3,403,000Source | 3,612,000Source | 3,702,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | 379,000Source | 349,000Source | 345,000Source | 346,000Source | 333,000Source | 335,000Source | 1,420,000Source | 1,300,000Source | 3,709,000Source | 2,594,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 305,000Source | 305,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.16Source | 0.16Source | 0.16Source | 0.16Source | 0.16Source | 0.16Source | 0.64Source | 0.64Source | — | — |
| Debt and Equity Securities, Gain (Loss)USD | — | — | -299,132,000Source | 0Source | 0Source | 0Source | 0Source | -407,000Source | -299,538,000Source | -39,140,000Source | -32,052,000Source | 0Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | -3,390,000Source | 1,044,000Source | 1,229,000Source | 1,999,000Source | 624,000Source | 1,543,000Source | 2,243,000Source | 3,854,000Source | 2,090,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 136,561,000Source | 36,515,000Source |
| InterestExpenseOperatingUSD | — | — | 34,450,000Source | 43,978,000Source | 25,018,000Source | 36,122,000Source | 24,411,000Source | 36,908,000Source | 133,293,000Source | 167,879,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 58,386,000Source | 46,910,000Source | 63,490,000Source | 55,355,000Source | 62,240,000Source | 52,267,000Source | 229,484,000Source | 188,604,000Source | 175,744,000Source | 199,518,000Source |
| Labor and Related ExpenseUSD | — | — | 22,698,000Source | 21,829,000Source | 24,194,000Source | 22,731,000Source | 23,187,000Source | 22,414,000Source | 89,737,000Source | 88,244,000Source | 80,809,000Source | 80,283,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -221,990,000Source | 18,180,000Source | 24,908,000Source | 20,644,000Source | 26,168,000Source | 23,943,000Source | -150,482,000Source | 35,429,000Source | 27,981,000Source | 93,408,000Source |
| Other Interest and Dividend IncomeUSD | — | — | 2,063,000Source | 957,000Source | 937,000Source | 830,000Source | 1,509,000Source | 2,487,000Source | 7,245,000Source | 9,680,000Source | 4,967,000Source | 306,000Source |
Offerings
Registration 333-291029
Filing attachments
ea026187901ex99-1_horizon.htm · S-4 · 2025-10-23
EX-99.1 6 ea026187901ex99-1_horizon.htm FORM OF LETTER OF TRANSMITTAL Exhibit 99.1 horizon bancorp, inc. LETTER OF TRANSMITTAL To Tender for Exchange 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 CUSIP # 440407 AC8 / ISIN # US440407 AC86 and CUSIP # 440407 AB0 / ISIN # US440407 AB04 (the “Old Notes”) for 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 that have been registered under the Securities Act of 1933 (the “Securities Act”) CUSIP # [___] / ISIN # [___] and C…
Read attachment ↗ea025477901ex4-1_horizon.htm · 8-K · 2025-08-29
EX-4.1 2 ea025477901ex4-1_horizon.htm INDENTURE DATED AUGUST 29, 2025, BETWEEN HORIZON BANCORP, INC. AND WILMINGTON TRUST, NATIONAL ASSOCIATION Exhibit 4.1 Execution Version HOrizon Bancorp, INc. As Issuer, and WILMINGTON TRUST, NATIONAL ASSOCIATION As Trustee INDENTURE Dated as of August 29, 2025 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE …
Read attachment ↗ea025477901ex99-1_horizon.htm · 8-K · 2025-08-29
EX-99.1 5 ea025477901ex99-1_horizon.htm PRESS RELEASE OF HORIZON BANCORP, INC. DATED AUGUST 29, 2025 Exhibit 99.1 Contact: John R. Stewart, CFA EVP, Chief Financial Officer Phone: (219) 814-5833 Date: August 29, 2025 Horizon Bancorp, Inc. Announces Completion of $100 Million Subordinated Notes Offering MICHIGAN CITY, INDIANA, Horizon Bancorp, Inc. (NASDAQ: HBNC) (“Horizon”), the parent company of Horizon Bank, today announced the completion of a …
Read attachment ↗ea025423001ex99-1_horizon.htm · 8-K · 2025-08-22
EX-99.1 4 ea025423001ex99-1_horizon.htm PRESS RELEASE DATED AUGUST 22, 2025 Exhibit 99.1 Contact: John R. Stewart, CFA EVP, Chief Financial Officer Phone: (219) 814-5833 Date: August 22, 2025 FOR IMMEDIATE RELEASE Horizon Bancorp, Inc. Announces Closing of Common Stock Offering MICHIGAN CITY, Indiana, August 22, 2025 - Horizon Bancorp, Inc. (NASDAQ: HBNC) (“Horizon”), the parent company of Horizon Bank, today announced the closing of the previo…
Read attachment ↗ea025388501ex99-1_horizon.htm · 8-K · 2025-08-21
EX-99.1 2 ea025388501ex99-1_horizon.htm PRESS RELEASE DATED AUGUST 21, 2025 Exhibit 99.1 Contact: John R. Stewart, CFA EVP, Chief Financial Officer Phone: (219) 814-5833 Date: August 21, 2025 FOR IMMEDIATE RELEASE Horizon Bancorp, Inc. Announces Pricing of Common Stock Offering MICHIGAN CITY, Indiana, August 21, 2025 - Horizon Bancorp, Inc. (NASDAQ: HBNC) (“Horizon”), the parent company of Horizon Bank, today announced the pricing of the previous…
Read attachment ↗ea025364602ex99-1_horizon.htm · 8-K · 2025-08-20
EX-99.1 2 ea025364602ex99-1_horizon.htm PRESS RELEASE DATED AUGUST 20, 2025 Exhibit 99.1 Contact: John R. Stewart, CFA EVP, Chief Financial Officer Phone: (219) 814-5833 Date: August 20, 2025 FOR IMMEDIATE RELEASE Horizon Bancorp, Inc. Announces Launch of Common Stock Offering MICHIGAN CITY, Indiana, August 20, 2025 - Horizon Bancorp, Inc. (NASDAQ: HBNC) (“Horizon”), the parent company of Horizon Bank, announced today that it has launched an und…
Read attachment ↗