Horizon Bancorp Inc. Chief Executive Officer Thomas M. Prame reported routine equity compensation and related tax withholding. On March 17, 2026, he acquired 14,159 shares of common stock as a granted award, with tranches scheduled to vest in 2027, 2028, and 2029. On March 18, 2026, 2,355 shares were disposed of at $15.71 per share to satisfy tax obligations, a non‑market transaction. After these entries, he directly holds 59,325 shares of common stock, indicating a largely retained position.
Horizon Bancorp Executive Vice President Kathie A. DeRuiter reported routine equity compensation activity and related tax withholding. On March 17, 2026, she received a grant of 3,604 shares of common stock at no cost, under a restricted stock agreement. According to the footnote, 1,201 shares are scheduled to vest on March 17, 2027, another 1,201 on March 17, 2028, and 1,202 on March 17, 2029. On March 18, 2026, 339 shares were disposed of at $15.71 per share to satisfy tax obligations, a non‑market transaction. Following these events, she held 60,057 shares directly, and 28,577 shares indirectly through a thrift plan account.
Horizon Bancorp (HBNC) EVP and CFO John R. Stewart reported compensation-related stock activity. On March 17, 2026 he acquired 6,714 shares of common stock as a grant under a Restricted Stock Agreement, with equal tranches scheduled to vest in 2027, 2028, and 2029.
On March 18, 2026, 643 shares were disposed of to satisfy tax withholding at $15.71 per share, rather than through an open-market sale. After these transactions, Stewart directly owned 85,816 shares of Horizon Bancorp common stock.
Horizon Bancorp executive vice president and general counsel Todd A. Etzler reported routine equity compensation and related tax withholding in company stock. On March 17, 2026, he received an award of 3,020 shares of Common Stock as a grant under a restricted stock agreement, increasing his direct holdings to 29,641 shares. The award is scheduled to vest in tranches of 1,006 shares on March 17, 2027, 1,006 shares on March 17, 2028, and 1,008 shares on March 17, 2029. On March 18, 2026, 292 shares were disposed of at $15.71 per share to cover tax liabilities, leaving him with 29,349 directly held shares. The filing also shows 2,907 shares held indirectly through a ThrifPlan account, with share counts adjusted to reflect dividend reinvestment and benefit plan allocations since his prior report.
Horizon Bancorp executive Lynn Kerber reported routine equity compensation activity involving company common stock. On March 17, 2026, Kerber received a grant of 4,128 restricted shares at no cost, with 1,376 shares scheduled to vest on each of March 17, 2027, March 17, 2028, and March 17, 2029. Following this grant, Kerber directly held 29,687 common shares. On March 18, 2026, 450 shares were disposed of at $15.71 per share to satisfy tax obligations, a non‑market tax-withholding transaction, leaving 29,237 shares held directly. The filing also notes 1,409 shares held indirectly through a Thrift Plan account, adjusted from the prior report.
Horizon Bancorp Inc. Executive Vice President Mark E. Secor reported a tax-related share withholding on company stock. On March 18, 2026, 250 shares of common stock were disposed of at $15.71 per share to cover tax obligations, a non-market transaction coded as tax-withholding. After this, he held 39,283 shares directly. The filing also shows an additional 21,238 common shares held indirectly through a Thrift Plan, indicating a larger ongoing equity position despite the small routine withholding.
Horizon Bancorp, Inc. is holding its 2026 Annual Meeting of Shareholders as a fully virtual event on May 7, 2026, at 10:00 a.m. Central Daylight Time. Shareholders of record at the close of business on March 13, 2026, when 51,225,946 common shares were outstanding, may vote.
Owners will vote on electing four directors for terms expiring in 2029, an advisory, non‑binding approval of executive compensation, and ratification of Forvis Mazars, LLP as independent registered public accounting firm for 2026. The proxy also outlines extensive governance practices, including majority‑independent board committees, anti‑hedging and anti‑pledging policies, stock ownership guidelines, ESG oversight, and formal cyber‑security risk management.
Horizon Bancorp, Inc. announced that its Board of Directors approved a cash dividend of $0.16 per share. The dividend will be paid on April 17, 2026 to stockholders recorded as shareholders at the close of business on April 3, 2026. This provides ongoing cash returns to current shareholders.
Horizon Bancorp, Inc. files its 2025 annual report, outlining a $6.4 billion-asset commercial banking franchise centered in Indiana and Michigan with $5.3 billion of deposits at December 31, 2025. The company operates 71 full-service offices and focuses on a single segment: commercial banking.
The loan book is concentrated in commercial lending, with commercial loans of $3.43 billion, or 70.4% of the portfolio, commercial real estate loans of $772.4 million, or 15.8%, and consumer loans of $671.7 million, or 13.8%, and nonperforming commercial, commercial real estate and consumer loans totaling $34,946, or 0.7%. Horizon reports 465 full-time and 26 part-time employees as of December 31, 2025.
Regulatory capital ratios are comfortably above minimums: the bank’s total risk-based capital ratio is 12.99%, common equity Tier 1 is 11.99%, and the leverage ratio is 9.94%, categorizing Horizon Bank as “well capitalized.” The company also discloses $162.4 million of goodwill and intangibles, and notes dividend capacity at the bank of about $54.5 million, subject to regulatory limits. Key risks highlighted include credit quality in a commercial-heavy portfolio, sensitivity to interest rates, liquidity and funding pressures, cybersecurity threats, evolving regulation, and macroeconomic shocks such as inflation, geopolitical conflicts and pandemics.