HBNC on Nasdaq

HORIZON BANCORP INC /IN/

American state commercial bank that raised $100 million in 2025 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerHBNC on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersMichigan City, Indiana1
  • Incorporated inIN2
  • Business address515 Franklin Street, Michigan City, In 463602
  • Filer categoryAccelerated filer2
  • Legal formCorporation

Actual results may differ materially, adversely or positively, from the expectations of the Company that are expressed or implied by any forward–looking statement. Risks, uncertainties, and factors that could cause the Company’s actual results to vary materially from those expressed or implied by any forward–looking statement include but are not limited to:3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678-$150.5M in 2025
-$200.0M-$100.0M0$100.0M2019: $66.5M$66.5M20192020: $68.5M$68.5M2020+3%2021: $87.1M$87.1M2021+27%2022: $93.4M$93.4M2022+7%2023: $28.0M$28.0M2023−70%2024: $35.4M$35.4M2024+27%2025: -$150.5M-$150.5M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$309.9M$291.1M$244.5M
Investment securities - taxable$26.3M$30.3M$34.4M
Investment securities - tax exempt$19.4M$25.4M$28.4M
Other$7.2M$9.7M$5.0M
Total interest income$362.8M$356.5M$312.3M
Deposits$98.6M$115.0M$85.9M
Short and long term borrowings$25.0M$44.9M$42.5M
Subordinated notes$5.2M$3.3M$3.5M
Junior subordinated debentures issued to capital trusts$4.5M$4.6M$4.7M
Total interest expense$133.3M$167.9M$136.6M
Net Interest Income$229.5M$188.6M$175.7M
Credit loss expense$1.9M$5.4M$2.5M
Net Interest Income after Provision for Credit Losses$227.6M$183.2M$173.3M
Service charges on deposit accounts$13.2M$12.9M$12.2M
Wire transfer fees$277.0K$461.0K$448.0K
Interchange fees$13.6M$13.8M$12.9M
Fiduciary activities$5.5M$5.4M$5.1M
Loss on sale of investment securities-$299.5M-$39.1M-$32.1M
Gain on sale of mortgage loans$4.8M$4.2M$4.3M
Mortgage servicing income net of impairment$1.5M$1.7M$2.7M
Increase in cash value of bank owned life insurance$1.4M$1.3M$3.7M
Other income$2.8M$2.3M$2.7M
Total non-interest (loss) income-$256.4M$3.0M$12.0M
Salaries and employee benefits$89.7M$88.2M$80.8M
Net occupancy expenses$13.9M$13.4M$13.4M
Data processing$11.9M$10.9M$11.6M
Professional fees$3.5M$2.7M$2.6M
Outside services and consultants$13.4M$14.6M$9.9M
Loan expense$4.3M$4.1M$5.0M
FDIC insurance expense$5.1M$5.0M$3.9M
Core deposit intangible amortization$3.0M$3.4M$3.6M
Merger related expense$305.0K$0$0
Prepayment Expense$12.7M$0$0
Other losses$1.3M$1.2M$1.1M
Other expense$13.1M$15.3M$14.4M
Total non-interest expense$172.3M$158.8M$146.3M
Income (Loss) Before Income Taxes-$201.2M$27.4M$39.0M
Income tax expense (benefit)-$50.7M-$8.1M$11.0M
Net Income (Loss) Available to Common Shareholders-$150.5M$35.4M$28.0M
Basic earnings per share (in USD per share)-$3.24$0.81$0.64
Diluted earnings per share (in USD per share)-$3.24$0.80$0.64

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Leadership

Who has led HORIZON BANCORP INC /IN/, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorMichele Magnuson named Sep 12, 202568

Former names

  • HORIZON BANCORP /IN/Nov 13, 1995 to May 7, 20182

Timeline

  1. Mar 19, 2025New chief executive Thomas M. Prame becomes CEO12
  2. Feb 6, 2006New chief executive Craig M. Dwight becomes CEO13

Filings

369 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 96 major events, 186 insider forms, 18 large holders, 1 private raises, 48 other. The latest 20:

  1. Oct 1, 20268-K EDGAR
  2. Sep 16, 20268-K EDGAR
  3. Aug 27, 20264 EDGAR
  4. Aug 27, 20264 EDGAR
  5. Aug 27, 20264 EDGAR
  6. Aug 27, 20264 EDGAR
  7. Aug 27, 20264 EDGAR
  8. Aug 27, 20264 EDGAR
  9. Aug 27, 20264 EDGAR
  10. Aug 27, 20264 EDGAR
  11. Aug 27, 20264 EDGAR
  12. Aug 27, 20264 EDGAR
  13. Aug 27, 20264 EDGAR
  14. Aug 27, 20264 EDGAR
  15. Aug 25, 20263 EDGAR
  16. Aug 25, 20263 EDGAR
  17. Aug 17, 20268-K EDGAR
  18. Aug 13, 2026N-PX EDGAR
  19. Aug 7, 202610-Q EDGAR
  20. Aug 4, 202613F-HR EDGAR

The 369 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 13 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 27, 2026DeRuiter Kathie AExecutive Vice PresidentSale8,000$20.19$161.5KForm 4
Apr 28, 2026WALKER BRIAN CDirectorBuy1,306$18.36$24.0KForm 4
Nov 24, 2025MAGNESEN LARRY SDirectorBuy4,000$16.41$65.6KForm 4
Aug 22, 2025Samuels Michele AnnetteDirectorBuy1,724$14.50$25.0KForm 4
Aug 22, 2025Blackhurst Eric P.DirectorBuy1,724$14.50$25.0KForm 4
Aug 22, 2025Prame Thomas MChief Executive OfficerBuy1,034$14.50$15.0KForm 4
Aug 22, 2025Ahern KevinDirectorBuy6,896$14.50$100.0KForm 4
Aug 22, 2025Stewart John REVP - Chief Financial OfficerBuy1,724$14.50$25.0KForm 4
Feb 19, 2025DWIGHT CRAIG MDirectorSale10,000$17.14$171.4KForm 4
Dec 4, 2024Etzler Todd A.Executive Vice President & GCSale590$17.99$10.6KForm 4
Dec 4, 2024DeRuiter Kathie AExecutive Vice PresidentSale14,909$17.99$268.2KForm 4
Dec 4, 2024Kerber LynnEVP & CCBOSale1,748$17.99$31.4KForm 4
Dec 4, 2024SECOR MARK EExecutive Vice PresidentSale19,439$17.99$349.7KForm 4
May 26, 2023AARON SUSAN DDirectorBuy853$9.38$8.0KForm 4
May 3, 2023Etzler Todd A.Executive Vice President & GCBuy1,100$9.35$10.3KForm 4
Nov 3, 2022Etzler Todd A.Executive Vice President & GCBuy666$14.82$9.9KForm 4
Nov 2, 2022Etzler Todd A.Executive Vice President & GCBuy369$14.90$5.5KForm 4
Nov 2, 2022DWIGHT CRAIG MDirectorBuy2,000$15.08$30.2KForm 4
Nov 1, 2022Prame Thomas MChief Executive OfficerBuy6,750$15.09$101.9KForm 4
Mar 2, 2022NEFF JAMES DPresidentSale11,782$20.25$238.6KForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 29, 2025Raised $100 million in a private offering of debt Form D: 59 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.7,201,718$143.9M0.0%+629,414
Vanguard Capital Management LLC2,203,515$44.0M0.0%−24,069
Alliancebernstein L.P.2,235,822$37.0M0.0%+1,642,713
PL Capital Advisors, LLC1,812,825$36.2M10.1%No change
State Street Corp1,808,272$36.1M0.0%+148,923
Jennison Associates LLC1,644,321$32.9M0.0%+38,523
Dimensional Fund Advisors LP1,571,707$31.4M0.0%−394,154
Adage Capital Partners Gp, L.l.c.1,368,401$27.3M0.0%−102,741
Geode Capital Management, LLC1,340,734$26.8M0.0%+51,524
FJ Capital Management LLC1,246,550$24.9M3.2%−44,658
Manufacturers Life Insurance Company, The1,090,943$21.8M0.0%−6,519
Vanguard Portfolio Management LLC1,019,265$20.4M0.0%+82,498
Two Sigma Investments, LP970,116$19.4M0.0%+190,231
Goldman Sachs Group Inc806,618$16.1M0.0%+453,304
Maltese Capital Management LLC710,000$14.2M2.6%−47,287
Jpmorgan Chase & Co657,713$13.2M0.0%+46,806
Stieven Capital Advisors, L.P.589,179$11.8M2.2%+29,769
Wellington Management Group Llp517,082$10.3M0.0%−201,358
Northern Trust Corp493,176$9.9M0.0%+43,032
Kennedy Capital Management LLC481,470$9.6M0.2%−11,165
Morgan Stanley464,197$9.3M0.0%−57,302
Horizon Bancorp Inc /in/445,103$8.9M4.2%−115,312
Charles Schwab Investment Management Inc433,147$8.7M0.0%+11,155
Pacific Ridge Capital Partners, LLC425,352$8.5M1.5%−3,295
Aqr Capital Management LLC411,959$8.2M0.0%+76,489

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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