H
HORIZON BANCORP INC /IN/
Period
FY 2025
Revenue
—
Net Income
—
Total Assets
$6.44B
Equity
$688.25M
Shares Out
51.33M
Op. Cash Flow
$79.23M
Business
Horizon Bancorp, Inc. is a bank holding company providing commercial and retail banking services through its subsidiary Horizon Bank, serving northern and central Indiana and southern and central Michigan via 71 full-service branches. The company offers commercial loans, retail deposits, corporate and individual trust and agency services, and wealth management products. Horizon operates as a single reportable segment focused on community banking within its defined geographic markets.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 310 | 291 | 245 | 174 | 156 | |
| Investment securities - taxable | 26 | 30 | 34 | 33 | 14 | |
| Investment securities - tax exempt | 19 | 25 | 28 | 29 | 23 | |
| Other | 7 | 10 | 5 | 306,000 | 695,000 | |
| Total interest income | 363 | 356 | 312 | 236 | 194 | |
| Deposits | 99 | 115 | 86 | 18 | 8 | |
| Short and long term borrowings | 25 | 45 | 42 | 12 | 5 | |
| Subordinated notes | 5 | 3 | 4 | 4 | 4 | |
| Junior subordinated debentures issued to capital trusts | 4 | 5 | 5 | 3 | 2 | |
| Total interest expense | 133 | 168 | 137 | 37 | — | |
| Net Interest Income | 229 | 189 | 176 | 200 | 176 | |
| Credit loss expense | 2 | 5 | 2 | −2 | −2 | |
| Net Interest Income after Provision for Credit Losses | 228 | 183 | 173 | 201 | 178 | |
| Service charges on deposit accounts | 13 | 13 | 12 | 12 | 9 | |
| Wire transfer fees | 277,000 | 461,000 | 448,000 | 595,000 | 892,000 | |
| Interchange fees | 14 | 14 | 13 | 12 | 11 | |
| Fiduciary activities | 6 | 5 | 5 | 5 | 7 | |
| Loss on sale of investment securities | −300 | −39 | −32 | 0 | 914,000 | |
| Gain on sale of mortgage loans | 5 | 4 | 4 | 7 | 19 | |
| Mortgage servicing income net of impairment | 1 | 2 | 3 | 5 | 2 | |
| Increase in cash value of bank owned life insurance | 1 | 1 | 4 | 3 | 2 | |
| Other income | 3 | 2 | 3 | 2 | 4 | |
| Total non-interest (loss) income | −256 | 3 | 12 | 47 | 58 | |
| Salaries and employee benefits | 90 | 88 | 81 | 80 | 74 | |
| Net occupancy expenses | 14 | 13 | 13 | 13 | 13 | |
| Data processing | 12 | 11 | 12 | 11 | 10 | |
| Professional fees | 3 | 3 | 3 | 2 | 2 | |
| Outside services and consultants | 13 | 15 | 10 | 11 | 8 | |
| Loan expense | 4 | 4 | 5 | 5 | 5 | |
| FDIC insurance expense | 5 | 5 | 4 | 3 | 2 | |
| Core deposit intangible amortization | 3 | 3 | 4 | 4 | 4 | |
| Merger related expense | 305,000 | 0 | 0 | — | — | |
| Prepayment Expense | 13 | 0 | 0 | — | — | |
| Other losses | 1 | 1 | 1 | 1 | 2 | |
| Other expense | 13 | 15 | 14 | 14 | 12 | |
| Total non-interest expense | 172 | 159 | 146 | 143 | 133 | |
| Income (Loss) Before Income Taxes | −201 | 27 | 39 | 106 | 102 | |
| Income tax expense (benefit) | −51 | −8 | 11 | 12 | 15 | |
| Net Income (Loss) Available to Common Shareholders | −150 | 35 | 28 | 93 | 87 | |
| Basic earnings per share (in USD per share) | −3.24 | 0.81 | 0.64 | 2.14 | 1.99 | |
| Diluted earnings per share (in USD per share) | −3.24 | 0.8 | 0.64 | 2.14 | 1.98 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 67 | 92 | 113 | 124 | 594 | |
| Interest-bearing deposits in banks | 73 | 201 | 414 | 3 | 5 | |
| Total cash and cash equivalents | 139 | 293 | 527 | — | — | |
| Interest earning time deposits | 0 | 735,000 | 2 | — | — | |
| Investment securities, held for trading | 4 | 0 | — | — | — | |
| Investment securities, available for sale | 875 | 234 | 547 | 998 | 1,161 | |
| Investment securities, held to maturity (fair value of $0 and $1,566,268) | 0 | 1,868 | 1,946 | 2,023 | — | |
| Loans held for sale | 10 | 68 | 1 | 6 | 13 | |
| Loans, net of allowance for credit losses of $51,299 and $51,980 | 4,825 | 4,795 | 4,368 | 4,108 | — | |
| Premises and equipment, net | 93 | 94 | 95 | 93 | 93 | |
| Federal Home Loan Bank stock | 46 | 54 | 35 | 27 | 24 | |
| Goodwill | 155 | 155 | 155 | 155 | 155 | |
| Other intangible assets | 7 | 10 | 14 | 17 | 21 | |
| Interest receivable | 30 | 40 | 39 | 35 | 26 | |
| Cash value of life insurance | 37 | 37 | 36 | 146 | 97 | |
| Other assets | 215 | 153 | 177 | 139 | 67 | |
| Total assets | 6,437 | 7,801 | 7,940 | 7,873 | 7,412 | |
| Non-interest bearing | 1,079 | 1,065 | 1,116 | 1,278 | 1,360 | |
| Interest bearing | 4,197 | 4,536 | 4,549 | 4,580 | 4,443 | |
| Total deposits | 5,275 | 5,601 | 5,665 | 5,858 | 5,803 | |
| Short and long term borrowings | 249 | 1,232 | 1,353 | 1,143 | 713 | |
| Subordinated notes, net | 98 | 56 | 56 | 59 | 59 | |
| Junior subordinated debentures issued to capital trusts | 58 | 57 | 57 | 57 | 57 | |
| Interest payable | 13 | 11 | 22 | 5 | 2 | |
| Other liabilities | 56 | 80 | 69 | 73 | 55 | |
| Total liabilities | 5,748 | 7,038 | 7,222 | 7,195 | 6,689 | |
| Commitments and contingent liabilities | — | — | — | — | — | |
| Preferred stock | 0 | 0 | 0 | 0 | 0 | |
| Common stock | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 459 | 364 | 356 | 354 | 352 | |
| Retained earnings | 255 | 436 | 429 | 429 | 364 | |
| Accumulated other comprehensive loss | −26 | −36 | −67 | −106 | 7 | |
| Total stockholders equity | 688 | 764 | 719 | 677 | 723 | |
| Total liabilities and stockholders equity | 6,437 | 7,801 | 7,940 | 7,873 | 7,412 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | −150 | 35 | 28 | 93 | 87 | |
| Depreciation and amortization | 10 | 10 | 11 | 11 | 10 | |
| Share based compensation | 2 | 5 | 4 | 2 | 2 | |
| Amortization of mortgage servicing rights | 2 | 2 | 1 | 2 | 4 | |
| Net amortization of premiums and discounts on securities | 2 | 8 | 10 | 12 | 10 | |
| Purchases of securities held for trading | −6 | 0 | 0 | — | — | |
| Proceeds from maturities of securities held to maturity | 2 | 0 | 0 | — | — | |
| Deferred income taxes | −85 | −17 | −3 | 2 | 2 | |
| Net loss on sale of portfolio loans | 324,000 | 0 | 0 | — | — | |
| Proceeds from sales of loans | 164 | 436 | 146 | 226 | 453 | |
| Loans originated for sale | −165 | −500 | −138 | −215 | −437 | |
| Gain on cash value life insurance | −2 | −1 | −4 | −3 | −2 | |
| Gain on other real estate owned | −69,000 | −450,000 | −300,000 | −722,000 | −85,000 | |
| Interest receivable | 10 | −1 | −3 | −9 | −4 | |
| Interest payable | 2 | −11 | 17 | 3 | −493,000 | |
| Other assets | 22 | −10 | 13 | −14 | 10 | |
| Other liabilities | −26 | 10 | −22 | −5 | −3 | |
| Net cash provided by operating activities | 79 | 6 | 89 | 94 | 106 | |
| Purchases of securities available for sale | −592 | 0 | −2 | −180 | −838 | |
| Proceeds from sales of securities available for sale | 1,410 | 293 | 439 | 0 | 28 | |
| Proceeds from maturities, calls and principal repayments of securities available for sale | 55 | 17 | 29 | 69 | 260 | |
| Purchases of securities held to maturity | 0 | −312,000 | −10 | −430 | −931 | |
| Proceeds from maturities of securities held to maturity | 64 | 72 | 80 | 73 | 31 | |
| Net change in interest-earning time deposits | 735,000 | 1 | 607,000 | 2 | 4 | |
| Purchase of FHLB stock | −301,000 | −19 | −8 | −2 | −1 | |
| Redemption of FHLB stock | 8 | 0 | 0 | 198,000 | 0 | |
| Purchase of loans | 0 | −240 | −125 | −55 | 0 | |
| Proceeds from sale of portfolio loans | 229 | 0 | 0 | — | — | |
| Net change in loans | −194 | −217 | −141 | −448 | 480 | |
| Proceeds on the sale of OREO and repossessed assets | 895,000 | 2 | 3 | 5 | 1 | |
| Premises and equipment expenditures | −5 | −5 | −8 | −6 | −1 | |
| Proceeds from bank owned life insurance | 3 | 44 | 70 | 4 | 783,000 | |
| Net cash provided by (used in) investing activities | 979 | −53 | 330 | −1,020 | −345 | |
| Net change in deposits | −325 | −64 | −193 | 55 | 425 | |
| Proceeds from borrowings | 140 | 513 | 866 | 1,179 | 245 | |
| Repayment of borrowings | −1,132 | −564 | −654 | −756 | −76 | |
| Net change in repurchase agreements | −1 | −46 | −2 | 7 | 21 | |
| Proceeds from issuance of subordinated notes, net | 98 | 0 | 0 | 0 | 0 | |
| Repayment of subordinated notes | −57 | 0 | −3 | 0 | 0 | |
| Net settlement of share awards | −4 | −1 | −1 | −2 | −1 | |
| Proceeds from sale of SERP shares | 0 | 4 | 0 | 0 | — | |
| Proceeds from issuance of common stock, net | 98 | 0 | 0 | 0 | 0 | |
| Dividends paid on common stock | −29 | −28 | −28 | −28 | −25 | |
| Net cash used in financing activities | −1,213 | −187 | −15 | 456 | 582 | |
| Net Change in Cash and Cash Equivalents | −154 | −233 | 403 | −470 | 344 | |
| Interest paid | 132 | 179 | 120 | 33 | 19 | |
| Income taxes paid | 27 | 11 | 2 | 802,000 | 2 | |
| Transfer of loans to other real estate and repossessed assets | 4 | 3 | 3 | 2 | 2 | |
| Transfer of held to maturity securities to available for sale | 1,798 | 0 | 0 | 121 | 490 | |
| Transfer of LHI to HFS | 184 | 88 | 0 | — | — | |
| Redemption of cash value of life insurance, not settled | 0 | 0 | 44 | 0 | 0 | |
| Qualified affordable housing investments obtained in exchange for funding commitments | 0 | 0 | 14 | 0 | 0 |
Filings
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Holdings (13F)
Portfolio as of 2026-03-31 · 206 positions
Reported AUM
$207.86M
Holdings
206
Top sector
$207.86M
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $207.86M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| Vanguard Bd Index Fds | — | 625.0K | $46.02M | 22.1% |
| Ishares Intermediate Government Credit ETF | — | 298.3K | $31.82M | 15.3% |
| ETF Vanguard Value | — | 51.8K | $10.16M | 4.9% |
| Ishares Msci Eafe Index | — | 98.1K | $9.53M | 4.6% |
| Vanguard Index Funds Growth ETF | — | 21.6K | $9.43M | 4.5% |
| Horizon Bancorp Inc | — | 560.4K | $9.29M | 4.5% |
| Flexshares IBOXX 3 Year Target Date | — | 366.6K | $8.89M | 4.3% |
| Flexshares Credit Scored US Corp Bond | — | 179.9K | $8.75M | 4.2% |
| Ishares Core Msci Eafe ETF | — | 93.5K | $8.47M | 4.1% |
| Ishares Msci Emerging Markets | — | 130.4K | $7.41M | 3.6% |
Frequently asked questions
What is HORIZON BANCORP INC /IN/'s CIK number?
HORIZON BANCORP INC /IN/'s SEC CIK number is 0000706129 (706129). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HORIZON BANCORP INC /IN/'s SEC filings?
All of HORIZON BANCORP INC /IN/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did HORIZON BANCORP INC /IN/ last report earnings?
HORIZON BANCORP INC /IN/ (HBNC) most recently filed an earnings 8-K with the SEC on Jul 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000706129-26-000057). This is HORIZON BANCORP INC /IN/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is HORIZON BANCORP INC /IN/'s most recent earnings 8-K?
HORIZON BANCORP INC /IN/'s latest earnings 8-K (Item 2.02) was filed Jul 1, 2026 under accession 0000706129-26-000057. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View HORIZON BANCORP INC /IN/'s latest earnings 8-K →
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