Welcome to our dedicated page for Horizon Bancorp news (Ticker: HBNC), a resource for investors and traders seeking the latest updates and insights on Horizon Bancorp stock.
Horizon Bancorp, Inc. (HBNC) maintains this dedicated news portal as the definitive source for investors tracking this community banking institution. Our curated collection features official press releases, regulatory filings, and market analyses relevant to HBNC's operations across Indiana, Michigan, and Ohio.
Access real-time updates on quarterly earnings, leadership changes, and strategic initiatives directly from the NASDAQ-listed financial services provider. The archive includes detailed coverage of commercial lending developments, community partnership announcements, and regulatory compliance updates.
Key content categories include financial results, acquisition activity, dividend declarations, and corporate governance matters. Bookmark this page for streamlined monitoring of HBNC's evolving position in the regional banking sector and its impact on shareholder value.
Horizon Bancorp (NASDAQ: HBNC) has successfully executed its balance sheet repositioning strategy with several key achievements. The company completed a $98.6 million common stock offering and issued $100 million in subordinated notes at a 7.00% fixed rate. Following these capital raises, Horizon sold $1.7 billion of securities with a pre-tax loss of $299.1 million, better than expected $309.1 million loss.
Additional accomplishments include pre-paying $700 million of FHLB advances, redeploying $600 million into securities yielding 5.27%, planning to sell $190 million of indirect auto loans, and reducing over $125 million in non-core deposit balances. The company will also redeem $56.5 million of outstanding subordinated notes on October 1, 2025.
Horizon Bancorp (NASDAQ: HBNC) has successfully completed a $100 million private placement of subordinated notes. The notes, due in 2035, will initially carry a 7.00% fixed interest rate until September 15, 2030, after which they will switch to a floating rate of three-month SOFR plus 360 basis points.
The company plans to use the proceeds for general corporate purposes and to redeem approximately $56.5 million of existing 5.625% subordinated notes due 2030. The new notes qualify as Tier 2 capital for regulatory purposes and include redemption options after September 15, 2030.
Horizon Bancorp (NASDAQ: HBNC) has successfully completed its previously announced underwritten public offering of common stock. The company sold 7,138,050 shares at $14.50 per share, which includes 931,050 additional shares from the fully exercised underwriters' option.
The offering generated gross proceeds of approximately $103.5 million before deducting underwriting discounts and offering expenses. The company plans to use the net proceeds for general corporate purposes, including potential balance sheet repositioning. Keefe, Bruyette & Woods and Performance Trust Capital Partners served as joint book-running managers for the offering.
["Raised significant capital of $103.5 million through stock offering", "Successfully completed full exercise of underwriters' option for additional shares", "Strengthens balance sheet and provides flexibility for corporate initiatives"]Horizon Bancorp (NASDAQ: HBNC) has announced the pricing of its underwritten public offering of 6,207,000 shares of common stock at $14.50 per share, expecting to raise approximately $90 million in gross proceeds. The offering includes a 30-day option for underwriters to purchase up to an additional 931,050 shares.
The company plans to use the net proceeds for general corporate purposes, including potential balance sheet repositioning. The offering, managed by Keefe, Bruyette & Woods and Performance Trust Capital Partners as joint book-running managers, is expected to close around August 22, 2025.
Horizon Bancorp (NASDAQ: HBNC), the parent company of Horizon Bank, has announced the launch of an underwritten public offering of its common stock. The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares.
The net proceeds will be used for general corporate purposes, including potential balance sheet repositioning. Keefe, Bruyette & Woods (A Stifel Company) and Performance Trust Capital Partners are serving as joint book-running managers for the offering.
The offering is being conducted through a shelf registration statement on Form S-3, with a preliminary prospectus supplement already filed with the SEC.
Horizon Bank (NASDAQ GS: HBNC) has appointed John Hatfield as Senior Vice President, Director of Marketing. Hatfield brings over 20 years of experience in strategic marketing, business development, and branding across multiple industries.
CEO Thomas Prame emphasized that Hatfield's proven track record in building cohesive teams will contribute to the bank's strategic initiatives. In his new role, Hatfield will lead Horizon's marketing strategy, focusing on enhancing brand awareness, developing multi-channel marketing campaigns, and expanding local community outreach efforts.
Horizon Bancorp (NASDAQ:HBNC) reported strong Q2 2025 financial results with net income of $20.6 million, or $0.47 per diluted share. The quarter marked the seventh consecutive quarter of net interest margin expansion, reaching 3.23%.
Key highlights include a 5.9% increase in net interest income to $55.4 million compared to Q1 2025, strong organic commercial loan growth of $117.2 million (14.8% annualized), and excellent credit quality with annualized net charge-offs of just 0.02%. The company's efficiency ratio improved to 59.48%, while maintaining stable non-time deposit balances and reducing interest-bearing liability costs.
For the first six months of 2025, earnings per share grew 58% compared to the same period in 2024, demonstrating continued momentum in key performance metrics including ROAA and ROATCE.
Horizon Bancorp (NASDAQ GS: HBNC) has scheduled a conference call to discuss its second quarter 2025 financial results. The company will release its Q2 2025 earnings report after market close on Wednesday, July 23, 2025, followed by a conference call on Thursday, July 24, 2025, at 7:30 a.m. CT (8:30 a.m. ET).
Investors can access the live conference call using various dial-in numbers based on their location. A replay of the call will be available until August 1, 2025, accessible through dedicated replay phone numbers and access code 5878909.
Horizon Bancorp (NASDAQ: HBNC) has scheduled a conference call to discuss its first quarter 2025 financial results on Thursday, April 24, 2025, at 7:30 a.m. CT. The company will release its Q1 2025 earnings report after market close on Wednesday, April 23, 2025.
Investors can access the live conference call by dialing specific numbers for the United States (833-974-2379), Canada (866-450-4696), or international locations (412-317-5772). A replay of the call will be available until May 2, 2025, accessible through different dial-in numbers with access code 6313653.
Horizon Bancorp (NASDAQ: HBNC) announced significant leadership changes to its Board of Directors. Craig Dwight will retire as Chairman effective May 1, 2025, following his written notice on February 24, 2025. The Board has elected Eric Blackhurst as Independent Chairperson, leveraging his seven-year tenure as Company Director and 35-year career at Dow Chemical Company.
With this transition, the Independent Lead Director role held by Michele Magnuson will be retired, though she will remain on the Board serving on the Compensation and Governance Committees. Additionally, Larry Magnesen, with over 20 years of experience at Fifth Third Bank, has joined Horizon Bank's Board of Directors effective February 25, 2025.
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