Overview
- TickerHBNC on Nasdaq1
- IndustryState Commercial Banks1
- HeadquartersMichigan City, Indiana1
- Incorporated inIN2
- Business address515 Franklin Street, Michigan City, In 463602
- Filer categoryAccelerated filer2
- Legal formCorporation
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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:4 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
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $66.8M | $92.3M | ||
| Interest-bearing deposits in banks | $72.6M | $201.1M | ||
| Total cash and cash equivalents | $139.5M | $293.4M | ||
| Interest earning time deposits | $0 | $735.0K | ||
| Investment securities, held for trading | $3.9M | $0 | ||
| Investment securities, available for sale | $875.4M | $233.7M | ||
| Investment securities, held to maturity (fair value of $0 and $1,566,268) | $0 | $1.9B | ||
| Loans held for sale | $9.8M | $67.6M | ||
| Loans, net of allowance for credit losses of $51,299 and $51,980 | $4.8B | $4.8B | ||
| Premises and equipment, net | $92.8M | $93.9M | ||
| Federal Home Loan Bank stock | $45.7M | $53.8M | ||
| Goodwill | $155.2M | $155.2M | ||
| Other intangible assets | $7.2M | $10.2M | ||
| Interest receivable | $29.7M | $39.7M | ||
| Cash value of life insurance | $36.7M | $37.5M | ||
| Other assets | $215.5M | $152.6M | ||
| Total assets | $6.4B | $7.8B | ||
| Non-interest bearing | $1.1B | $1.1B | ||
| Interest bearing | $4.2B | $4.5B | ||
| Total deposits | $5.3B | $5.6B | ||
| Short and long term borrowings | $248.6M | $1.2B | ||
| Subordinated notes, net | $98.2M | $55.7M | ||
| Junior subordinated debentures issued to capital trusts | $57.7M | $57.5M | ||
| Interest payable | $12.9M | $11.1M | ||
| Other liabilities | $55.6M | $80.3M | ||
| Total liabilities | $5.7B | $7.0B | ||
| Preferred stock | $0 | $0 | ||
| Common stock | $0 | $0 | ||
| Additional paid-in capital | $459.2M | $363.8M | ||
| Retained earnings | $255.0M | $436.1M | ||
| Accumulated other comprehensive loss | -$26.0M | -$36.3M | ||
| Total stockholders equity | $688.3M | $763.6M | $718.8M | $677.4M |
| Total liabilities and stockholders equity | $6.4B | $7.8B | ||
| Investment securities, held to maturity fair value | $0 | $1.6B | ||
| Allowance for credit loss | $51.3M | $52.0M | $50.0M | $50.5M |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, shares authorized (in shares) | 99.0M shares | 99.0M shares | ||
| Common stock, shares issued (in shares) | 51.2M shares | 44.2M shares | ||
| Common stock, shares outstanding (in shares) | 51.2M shares | 44.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $66.8M | $92.3M | ||
| Interest-bearing deposits in banks | $72.6M | $201.1M | ||
| Total cash and cash equivalents | $139.5M | $293.4M | ||
| Interest earning time deposits | $0 | $735.0K | ||
| Investment securities, held for trading | $3.9M | $0 | ||
| Investment securities, available for sale | $875.4M | $233.7M | ||
| Investment securities, held to maturity (fair value of $0 and $1,566,268) | $0 | $1.9B | ||
| Loans held for sale | $9.8M | $67.6M | ||
| Loans, net of allowance for credit losses of $51,299 and $51,980 | $4.8B | $4.8B | ||
| Premises and equipment, net | $92.8M | $93.9M | ||
| Federal Home Loan Bank stock | $45.7M | $53.8M | ||
| Goodwill | $155.2M | $155.2M | ||
| Other intangible assets | $7.2M | $10.2M | ||
| Interest receivable | $29.7M | $39.7M | ||
| Cash value of life insurance | $36.7M | $37.5M | ||
| Other assets | $215.5M | $152.6M | ||
| Total assets | $6.4B | $7.8B | ||
| Non-interest bearing | $1.1B | $1.1B | ||
| Interest bearing | $4.2B | $4.5B | ||
| Total deposits | $5.3B | $5.6B | ||
| Short and long term borrowings | $248.6M | $1.2B | ||
| Subordinated notes, net | $98.2M | $55.7M | ||
| Junior subordinated debentures issued to capital trusts | $57.7M | $57.5M | ||
| Interest payable | $12.9M | $11.1M | ||
| Other liabilities | $55.6M | $80.3M | ||
| Total liabilities | $5.7B | $7.0B | ||
| Preferred stock | $0 | $0 | ||
| Common stock | $0 | $0 | ||
| Additional paid-in capital | $459.2M | $363.8M | ||
| Retained earnings | $255.0M | $436.1M | ||
| Accumulated other comprehensive loss | -$26.0M | -$36.3M | ||
| Total stockholders equity | $688.3M | $763.6M | $718.8M | $677.4M |
| Total liabilities and stockholders equity | $6.4B | $7.8B | ||
| Investment securities, held to maturity fair value | $0 | $1.6B | ||
| Allowance for credit loss | $51.3M | $52.0M | $50.0M | $50.5M |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, shares authorized (in shares) | 99.0M shares | 99.0M shares | ||
| Common stock, shares issued (in shares) | 51.2M shares | 44.2M shares | ||
| Common stock, shares outstanding (in shares) | 51.2M shares | 44.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$150.5M | $35.4M | $28.0M |
| Provision for credit losses | $1.9M | $5.4M | $2.5M |
| Depreciation and amortization | $10.3M | $10.3M | $10.9M |
| Share based compensation | $1.6M | $4.6M | $3.6M |
| Amortization of mortgage servicing rights | $2.1M | $2.0M | $1.0M |
| Net amortization of premiums and discounts on securities | $2.4M | $8.4M | $10.1M |
| Purchases of securities held for trading | -$6.0M | $0 | $0 |
| Proceeds from maturities of securities held to maturity | $2.1M | $0 | $0 |
| Deferred income taxes | -$85.5M | -$17.0M | -$3.3M |
| Loss on sale of investment securities | $299.5M | $39.1M | $32.1M |
| Gain on sale of mortgage loans | -$4.8M | -$4.2M | -$4.3M |
| Net loss on sale of portfolio loans | $324.0K | $0 | $0 |
| Proceeds from sales of loans | $164.5M | $435.5M | $145.9M |
| Loans originated for sale | -$164.8M | -$499.7M | -$138.4M |
| Gain on cash value life insurance | -$2.0M | -$1.3M | -$3.7M |
| Gain on other real estate owned | -$69.0K | -$450.0K | -$300.0K |
| Interest receivable | $10.0M | -$1.0M | -$3.4M |
| Interest payable | $1.8M | -$11.1M | $16.9M |
| Other assets | $21.9M | -$9.7M | $13.2M |
| Other liabilities | -$25.6M | $10.1M | -$21.7M |
| Net cash provided by operating activities | $79.2M | $6.4M | $88.9M |
| Purchases of securities available for sale | -$591.8M | $0 | -$1.5M |
| Proceeds from sales of securities available for sale | $1.4B | $293.1M | $439.3M |
| Proceeds from maturities, calls and principal repayments of securities available for sale | $55.1M | $16.7M | $29.4M |
| Purchases of securities held to maturity | $0 | -$312.0K | -$10.1M |
| Proceeds from maturities of securities held to maturity | $63.8M | $71.6M | $80.2M |
| Net change in interest-earning time deposits | $735.0K | $1.5M | $607.0K |
| Purchase of FHLB stock | -$301.0K | -$19.3M | -$7.8M |
| Redemption of FHLB stock | $8.4M | $0 | $0 |
| Purchase of loans | $0 | -$240.0M | -$124.9M |
| Proceeds from sale of portfolio loans | $228.9M | $0 | $0 |
| Net change in loans | -$193.9M | -$217.1M | -$140.5M |
| Proceeds on the sale of OREO and repossessed assets | $895.0K | $2.0M | $3.0M |
| Premises and equipment expenditures | -$5.0M | -$5.1M | -$7.8M |
| Proceeds from bank owned life insurance | $2.7M | $44.0M | $69.8M |
| Net cash provided by (used in) investing activities | $979.5M | -$52.8M | $329.5M |
| Net change in deposits | -$325.2M | -$64.2M | -$192.9M |
| Proceeds from borrowings | $140.3M | $512.8M | $866.1M |
| Repayment of borrowings | -$1.1B | -$563.5M | -$654.2M |
| Net change in repurchase agreements | -$1.4M | -$46.1M | -$1.8M |
| Proceeds from issuance of subordinated notes, net | $98.2M | $0 | $0 |
| Repayment of subordinated notes | -$56.5M | $0 | -$3.1M |
| Net settlement of share awards | -$4.1M | -$1.4M | -$1.2M |
| Proceeds from sale of SERP shares | $0 | $4.1M | $0 |
| Proceeds from issuance of common stock, net | $98.0M | $0 | $0 |
| Dividends paid on common stock | -$29.5M | -$28.3M | -$28.3M |
| Net cash used in financing activities | -$1.2B | -$186.7M | -$15.4M |
| Net Change in Cash and Cash Equivalents | -$154.0M | -$233.1M | $403.0M |
| Interest paid | $131.5M | $178.9M | $119.7M |
| Income taxes paid | $27.4M | $10.7M | $2.1M |
| Transfer of loans to other real estate and repossessed assets | $3.6M | $2.7M | $3.3M |
| Transfer of held to maturity securities to available for sale | $1.8B | $0 | $0 |
| Transfer of LHI to HFS | $184.1M | $87.6M | $0 |
| Redemption of cash value of life insurance, not settled | $0 | $0 | $44.0M |
| Qualified affordable housing investments obtained in exchange for funding commitments | $0 | $0 | $14.5M |
No quarter-by-quarter statement was filed.
Corporate structure
HORIZON BANCORP INC /IN/ sits at the top of its group. 16 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HORIZON BANCORP INC /IN/
- BlackRock Filed SCHEDULE 13G/A on HORIZON BANCORP INC /IN/, latest Jul 28, 2026 (7 filings since Feb 1, 2022)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on HORIZON BANCORP INC /IN/, latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on HORIZON BANCORP INC /IN/, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on HORIZON BANCORP INC /IN/, latest Jan 21, 2026 (4 filings since Feb 10, 2023)
- BlackRock Portfolio Management LLC Filed SCHEDULE 13G on HORIZON BANCORP INC /IN/, latest Apr 15, 2025
- William Nathan Salin Family Irrevocable Trust #1 Filed SC 13G/A on HORIZON BANCORP INC /IN/, latest Apr 3, 2023
- HORIZON BANCORP INC /IN/ Michigan City, Indiana
- Alliance Financial Statutory Trust I Subsidiary · Delaware, United States
- Am Tru Statutory Trust I Subsidiary · Connecticut, United States
- City Savings Statutory Trust I Subsidiary · Connecticut, United States
- HB Community Development Corp. Subsidiary · Indiana, United States
- Heartland (IN) Statutory Trust II Subsidiary · Delaware, United States
- Horizon Advancement Corp. Subsidiary · Indiana, United States
- Horizon Bancorp Capital Trust II Subsidiary · Delaware, United States
- Horizon Bancorp Capital Trust III Subsidiary · Delaware, United States
- Horizon Bank Subsidiary · Indiana, United States
- Horizon Grantor Trust Subsidiary · Delaware, United States
- Horizon Insurance Services, Inc. Subsidiary · Indiana, United States
- Horizon Investments, Inc. Subsidiary · Nevada, United States
- Horizon Properties, Inc. (a subsidiary of Horizon Investments, Inc.) Subsidiary · Maryland, United States
- Salin Statutory Trust I Subsidiary · Connecticut, United States
- Wolverine Commercial Holdings, LLC Subsidiary · Michigan, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HORIZON BANCORP INC /IN/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $168.7M9 Dec 31, 2025 | $163.9M9 Dec 31, 2024 | +3.0% |
| Accumulated depreciation | $75.9M9 Dec 31, 2025 | $70.0M9 Dec 31, 2024 | +8.5% |
| Property and equipment, net | $92.8M9 Dec 31, 2025 | $93.9M9 Dec 31, 2024 | −1.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $139.5M9 Dec 31, 2025 | $293.4M9 Dec 31, 2024 | −52.5% |
| Debt securities available for sale | $875.4M9 Dec 31, 2025 | $233.7M9 Dec 31, 2024 | +274.6% |
| Loans, net of allowance | $4.8B9 Dec 31, 2025 | $4.8B9 Dec 31, 2024 | +0.6% |
| Deposits held (banks) | $5.3B9 Dec 31, 2025 | $5.6B9 Dec 31, 2024 | −5.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $155.2M9 Dec 31, 2025 | $155.2M9 Dec 31, 2024 | 0% |
| Finite-lived intangibles, net | $7.2M9 Dec 31, 2025 | $10.2M8 Dec 31, 2024 | −29.8% |
Properties, in its own words
The main office and full service branch of Horizon and the Bank is located at 515 Franklin Street, Michigan City, Indiana. The building located across the street from the main office of Horizon and the Bank, at 502 Franklin Street, houses the credit administration, operations, purchasing, and information technology departments of the Bank. In addition to these principal facilities, the Bank has 71 sales offices located in various cities and towns in northern and central Indiana and southern and central Michigan. Horizon maintains such branches and offices as it believes are necessary for the convenience of its customers and the community, and Horizon frequently assesses the suitability of all its business locations.
Horizon owns all of its facilities except for a leased office in Grand Rapids, Michigan.
Item 2 of the 10-K filed Mar 13, 2026.4
Leadership
Who has led HORIZON BANCORP INC /IN/, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerThomas M. Prame Mar 19, 2025 to now13
- Chief executive officerCraig M. Dwight Feb 6, 2006 to May 3, 202414
- PresidentThomas M. Prame Aug 16, 2022 to Mar 21, 202415
- PresidentKathie A. Deruiter Sep 2, 2015 to Sep 2, 201516
- PresidentJames D. Neff May 12, 2014 to Apr 4, 202217
- PresidentDavid G. Rose Jun 16, 2014 to Jun 16, 201418
- PresidentDonald E. Radde Feb 4, 2009 to Jan 31, 201119
- PresidentCraig M. Dwight Feb 6, 2006 to Mar 23, 201114
- PresidentLawrence J. Mazur Feb 6, 2006 to Feb 6, 200620
- Chief financial officerJohn R. Stewart May 28, 2024 to now21
- Chief financial officerMark E. Secor Jan 20, 2009 to Mar 21, 201822
- Chief financial officerJames H. Foglesong Feb 6, 2006 to Feb 6, 200923
- Chief operating officerThomas H. Edwards Feb 6, 2006 to Feb 6, 200624
Board members and other officers (44)
- EVP, Sr. Retail & Mort LendingNoe S. Najera Sep 27, 2022 to Sep 13, 202325
- EVP & SCCOLynn Kerber Jan 8, 2021 to now26
- Senior Vice President & GCTodd A. Etzler Mar 19, 2020 to now27
- Executive Vice PresidentDennis Kuhn Oct 5, 2017 to Mar 17, 202228
- Chief Execuitive OfficerCraig M. Dwight Dec 8, 2016 to Dec 8, 201629
- Executive Vice PresidentMark E. Secor May 12, 2014 to now30
- Executive Vice PresidentDavid G. Rose Dec 26, 2013 to Mar 22, 201731
- Executive Vice PresidentKathie A. Deruiter Dec 26, 2013 to now32
- Chief Internal AuditorJames H. Foglesong Feb 9, 2009 to Feb 9, 200933
- Executive Vice PresidentJames D. Neff Feb 2, 2006 to Mar 21, 201834
- Pres Horizon Trust & InvestemeLawrence J. Mazur Feb 9, 2006 to Jan 31, 200735
- Executive Vice PresidentThomas H. Edwards Mar 13, 2006 to Feb 28, 201836
- Board memberCharles W. Sulerzyski Aug 25, 2026 to now37
- Board memberNicholas Ritter Aug 25, 2026 to now38
- Board memberBrian C. Walker May 23, 2025 to now39
- Board memberMichele Annette Samuels May 23, 2025 to now40
- Board memberLarry S. Magnesen Oct 22, 2025 to now41
- Board memberBrian W. Maass Jan 26, 2024 to now42
- Board memberKevin Ahern Jan 26, 2024 to now43
- Board memberVanessa Peterson Williams Jun 8, 2023 to now44
- Board memberJulie Scheck Freigang Jan 29, 2020 to now45
- Board memberDennis Kuhn Mar 2, 2020 to Mar 3, 202046
- Board memberTodd A. Etzler Mar 2, 2020 to Mar 2, 202047
- Board memberEric P. Blackhurst Oct 17, 2017 to now48
- Board memberMichele M. Thompson Jul 20, 2016 to now49
- Board memberMaurice F. Winkler Iii. Jul 1, 2015 to Dec 7, 201750
- Board memberSteven William Reed May 22, 2014 to now51
- Board memberThomas H. Edwards Feb 11, 2008 to Feb 23, 201052
- Board memberCraig M. Dwight Jan 31, 2007 to now53
- Board memberLawrence E. Burnell Oct 5, 2007 to now54
- Board memberRobert C. Dabagia Feb 7, 2006 to Dec 28, 201255
- Board memberBruce E. Rampage Feb 8, 2006 to Feb 19, 200956
- Board memberCharley E. Gillispie Feb 8, 2006 to Mar 16, 201557
- Board memberDaniel F. Hopp Feb 8, 2006 to Feb 25, 202258
- Board memberGene L. Rice Feb 8, 2006 to Feb 14, 200759
- Board memberGeorge R. Averitt Feb 8, 2006 to Feb 8, 200660
- Board memberJames B. Dworkin Feb 8, 2006 to now61
- Board memberLarry N. Middleton Feb 8, 2006 to Aug 29, 201862
- Board memberPeter L. Pairitz Feb 8, 2006 to Mar 1, 202363
- Board memberRobert E. McBride Feb 8, 2006 to Feb 19, 200964
- Board memberRobert E. Swinehart Feb 8, 2006 to Mar 22, 201765
- Board memberSpero W. Valavanis Feb 8, 2006 to Mar 1, 202366
- Board memberSusan D. Aaron Feb 8, 2006 to Jun 8, 202367
- General counselTodd A. Etzler Jul 23, 2019 to Jul 23, 201968
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorMichele Magnuson named Sep 12, 202569
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Alliance Financial Statutory Trust I Delaware3
- Am Tru Statutory Trust I Connecticut3
- City Savings Statutory Trust I Connecticut3
- HB Community Development Corp. Indiana3
- Heartland (IN) Statutory Trust II Delaware3
- Horizon Advancement Corp. Indiana3
- Horizon Bancorp Capital Trust II Delaware3
- Horizon Bancorp Capital Trust III Delaware3
- Horizon Bank Indiana3
- Horizon Grantor Trust Delaware3
- Horizon Insurance Services, Inc. Indiana3
- Horizon Investments, Inc. Nevada3
- Horizon Properties, Inc. (a subsidiary of Horizon Investments, Inc.) Maryland3
- Salin Statutory Trust I Connecticut3
- Wolverine Commercial Holdings, LLC Michigan3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- HORIZON BANCORP /IN/Nov 13, 1995 to May 7, 20182
Timeline
- Oct 1, 20268-K Results of operations70
- Sep 16, 20268-K Other events71
- Aug 17, 20268-K Executive or director change72
- Jul 22, 20268-K Results of operations; Regulation FD disclosure73
- Jul 1, 20268-K Results of operations74
- Jun 30, 20268-K Other events75
- Jun 16, 20268-K Other events76
- May 8, 20268-K Shareholder vote77
- Apr 22, 20268-K Results of operations; Regulation FD disclosure78
- Apr 1, 20268-K Results of operations79
- Mar 18, 20268-K Other events80
- Mar 4, 20268-K Executive or director change81
- Mar 19, 2025New chief executive Thomas M. Prame becomes CEO13
- Feb 6, 2006New chief executive Craig M. Dwight becomes CEO14
Calendar
Coming up
- Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.30 a share, on Oct 22, 2025.82
When it reported results
- Oct 1, 2026Reported quarterly or annual results70
- Jul 22, 2026Reported quarterly or annual results73
- Jul 1, 2026Reported quarterly or annual results74
- Apr 22, 2026Reported quarterly or annual results78
- Apr 1, 2026Reported quarterly or annual results79
- Jan 21, 2026Reported quarterly or annual results83
- Jan 2, 2026Reported quarterly or annual results84
- Oct 22, 2025Reported quarterly or annual results85
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
370 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 96 major events, 186 insider forms, 19 large holders, 1 private raises, 48 other. The latest 20:
- Oct 1, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 20263 EDGAR
- Aug 25, 20263 EDGAR
- Aug 17, 20268-K EDGAR
- Aug 13, 2026N-PX EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 4, 202613F-HR EDGAR
The 370 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | DeRuiter Kathie AExecutive Vice President | Sale | 8,000 | $20.19 | $161.5K | Form 4 |
| Apr 28, 2026 | WALKER BRIAN CDirector | Buy | 1,306 | $18.36 | $24.0K | Form 4 |
| Nov 24, 2025 | MAGNESEN LARRY SDirector | Buy | 4,000 | $16.41 | $65.6K | Form 4 |
| Aug 22, 2025 | Samuels Michele AnnetteDirector | Buy | 1,724 | $14.50 | $25.0K | Form 4 |
| Aug 22, 2025 | Blackhurst Eric P.Director | Buy | 1,724 | $14.50 | $25.0K | Form 4 |
| Aug 22, 2025 | Prame Thomas MChief Executive Officer | Buy | 1,034 | $14.50 | $15.0K | Form 4 |
| Aug 22, 2025 | Ahern KevinDirector | Buy | 6,896 | $14.50 | $100.0K | Form 4 |
| Aug 22, 2025 | Stewart John REVP - Chief Financial Officer | Buy | 1,724 | $14.50 | $25.0K | Form 4 |
| Feb 19, 2025 | DWIGHT CRAIG MDirector | Sale | 10,000 | $17.14 | $171.4K | Form 4 |
| Dec 4, 2024 | Etzler Todd A.Executive Vice President & GC | Sale | 590 | $17.99 | $10.6K | Form 4 |
| Dec 4, 2024 | DeRuiter Kathie AExecutive Vice President | Sale | 14,909 | $17.99 | $268.2K | Form 4 |
| Dec 4, 2024 | Kerber LynnEVP & CCBO | Sale | 1,748 | $17.99 | $31.4K | Form 4 |
| Dec 4, 2024 | SECOR MARK EExecutive Vice President | Sale | 19,439 | $17.99 | $349.7K | Form 4 |
| May 26, 2023 | AARON SUSAN DDirector | Buy | 853 | $9.38 | $8.0K | Form 4 |
| May 3, 2023 | Etzler Todd A.Executive Vice President & GC | Buy | 1,100 | $9.35 | $10.3K | Form 4 |
| Nov 3, 2022 | Etzler Todd A.Executive Vice President & GC | Buy | 666 | $14.82 | $9.9K | Form 4 |
| Nov 2, 2022 | Etzler Todd A.Executive Vice President & GC | Buy | 369 | $14.90 | $5.5K | Form 4 |
| Nov 2, 2022 | DWIGHT CRAIG MDirector | Buy | 2,000 | $15.08 | $30.2K | Form 4 |
| Nov 1, 2022 | Prame Thomas MChief Executive Officer | Buy | 6,750 | $15.09 | $101.9K | Form 4 |
| Mar 2, 2022 | NEFF JAMES DPresident | Sale | 11,782 | $20.25 | $238.6K | Form 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.
- BlackRockSCHEDULE 13G/A, 7 filings Feb 1, 2022 to Jul 28, 202686
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202687
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202688
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 4 filings Feb 10, 2023 to Jan 21, 202689
- BlackRock Portfolio Management LLCSCHEDULE 13G, 1 filing Apr 15, 202590
- William Nathan Salin Family Irrevocable Trust #1SC 13G/A, 1 filing Apr 3, 202391
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Thomas M. Prame | 56 | $685.0K | $2.0M92 |
| 2025 | John R. Stewart | 45 | $453.2K | $1.1M92 |
| 2025 | Lynn M. Kerber | 57 | $373.1K | $791.4K92 |
| 2025 | Kathie A. DeRuiter | 64 | $345.9K | $715.5K92 |
| 2025 | Mark E. Secor | 59 | $309.0K | $644.3K92 |
| 2024 | Chief Financial Officer | $262.3K | $1.9M92 | |
| 2024 | President/CEO | $600.0K | $1.6M92 | |
| 2024 | EVPSenior | $335.8K | $623.8K92 | |
| 2023 | President/CEO | $580.8K | $1.1M92 | |
| 2023 | Officer | $347.1K | $623.8K92 | |
| 2023 | Banking Officer | $324.5K | $593.8K92 | |
| 2023 | Operations Officer | $324.5K | $574.1K92 |
Money raised
Private offerings the company reported to the SEC on Form D.
- 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 7,201,718 | $143.9M | 0.0% | +629,414 |
| Vanguard Capital Management LLC | 2,203,515 | $44.0M | 0.0% | −24,069 |
| Alliancebernstein L.P. | 2,235,822 | $37.0M | 0.0% | +1,642,713 |
| PL Capital Advisors, LLC | 1,812,825 | $36.2M | 10.1% | No change |
| State Street Corp | 1,808,272 | $36.1M | 0.0% | +148,923 |
| Jennison Associates LLC | 1,644,321 | $32.9M | 0.0% | +38,523 |
| Dimensional Fund Advisors LP | 1,571,707 | $31.4M | 0.0% | −394,154 |
| Adage Capital Partners Gp, L.l.c. | 1,368,401 | $27.3M | 0.0% | −102,741 |
| Geode Capital Management, LLC | 1,340,734 | $26.8M | 0.0% | +51,524 |
| FJ Capital Management LLC | 1,246,550 | $24.9M | 3.2% | −44,658 |
| Manufacturers Life Insurance Company, The | 1,090,943 | $21.8M | 0.0% | −6,519 |
| Vanguard Portfolio Management LLC | 1,019,265 | $20.4M | 0.0% | +82,498 |
| Two Sigma Investments, LP | 970,116 | $19.4M | 0.0% | +190,231 |
| Goldman Sachs Group Inc | 806,618 | $16.1M | 0.0% | +453,304 |
| Maltese Capital Management LLC | 710,000 | $14.2M | 2.6% | −47,287 |
| Jpmorgan Chase & Co | 657,713 | $13.2M | 0.0% | +46,806 |
| Stieven Capital Advisors, L.P. | 589,179 | $11.8M | 2.2% | +29,769 |
| Wellington Management Group Llp | 517,082 | $10.3M | 0.0% | −201,358 |
| Northern Trust Corp | 493,176 | $9.9M | 0.0% | +43,032 |
| Kennedy Capital Management LLC | 481,470 | $9.6M | 0.2% | −11,165 |
| Morgan Stanley | 464,197 | $9.3M | 0.0% | −57,302 |
| Horizon Bancorp Inc /in/ | 445,103 | $8.9M | 4.2% | −115,312 |
| Charles Schwab Investment Management Inc | 433,147 | $8.7M | 0.0% | +11,155 |
| Pacific Ridge Capital Partners, LLC | 425,352 | $8.5M | 1.5% | −3,295 |
| Aqr Capital Management LLC | 411,959 | $8.2M | 0.0% | +76,489 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How HORIZON BANCORP INC /IN/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHORIZON BANCORP INC /IN/1
- CIK0000706129
- Employer ID (EIN)35-15624174
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inIndiana4
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address515 Franklin Street, Michigan City, IN 463601
- Phone21987902111
- Shares outstanding51,344,519 as of Aug 5, 202611
- Public float$655.8M as of Jun 30, 20254
- AuditorForvis Mazars, LLP, Indianapolis, Indiana PCAOB ID 686; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceAug 14, 19951
- Filings1,737 in all: 4 (737), 8-K (372), 10-Q (93), 5 (71), 13F-HR (68), 4/A (52), SC 13G/A (32), DEF 14A (30)1
All 44 form types
3 (29), 425 (29), 10-K (25), CORRESP (21), DEFA14A (20), UPLOAD (17), EFFECT (16), ARS (14), SC 13G (13), 424B3 (10), S-3 (9), S-4 (8), S-8 (7), 10-K405 (6), 8-K/A (6), SCHEDULE 13G/A (6), S-4/A (5), 3/A (4), 424B5 (4), PRE 14A (4), 10-Q/A (3), 144 (3), 5/A (3), N-PX (3), D (2), FWP (2), S-3/A (2), S-3DPOS (2), SCHEDULE 13G (2), 13F-HR/A (1), 305B2 (1), 8-A12G/A (1), NT 10-K (1), S-3ASR (1), S-3D (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Mar 20, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, no par value | HBNC | The NASDAQ Stock Market, LLC |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks HORIZON BANCORP INC /IN/ names in Item 1A of its 10-K filed Mar 13, 2026: 36 risks under these headings, as written.4
- Risks Related to Our Business
- Our commercial, residential mortgage and consumer loans expose us to increased credit risks.
- Our holdings of construction, land and home equity loans may pose more credit risk than other types of mortgage loans.
- The allowance for credit losses on loans may prove inadequate or be negatively affected by credit risk exposures.
- Changes in interest rates could adversely affect our financial condition and results of operations.
- We are exposed to intangible asset risk in that our goodwill may become impaired.
- Our mortgage lending profitability could be significantly reduced as changes in interest rates could affect mortgage origination volume and pricing for selling mortgages on the secondary market.
- The price of our common stock may fluctuate significantly, and this may make it difficult for you to resell our common stock at times or at prices you find attractive.
- The trading volume in our common stock is less than that of other larger financial institutions.
- Liquidity Risk
- We are subject to liquidity risk in our operations, which could adversely affect the ability to fund various obligations.
- Unrealized losses in our investment portfolio could adversely affect liquidity.
The other 26 risks
- We may need to raise additional capital in the future, and such capital may not be available when needed or at all.
- Operational Risk
- Our internal controls may be ineffective, circumvented, or fail.
- Our information systems may experience cyber–attacks or an interruption or breach in security. Our cybersecurity systems could be inadequate or fail.
- Acts of terrorism or war, as well as the threat of terrorism or war, may adversely affect our results of operations, financial condition, and liquidity.
- Pandemics, other global or regional health crises or disease outbreaks, natural disasters, global climate change, acts of terrorism and global conflicts may have a negative impact on our business.
- The preparation of our financial statements requires the use of estimates that may vary from actual results.
- Our remaining indirect lending exposures are subject to higher fraud risk than our other lending operations.
- Due to the development of new technologies and regulatory actions encouraging the use of these technologies, consumers may decide not to use banks to complete their financial transactions.
- The adoption of artificial intelligence tools by us and our third-party vendors and service providers may increase the risk of errors, omissions, unfair treatment, or fraudulent behavior by our employees, clients, or counterparties, or other third parties.
- We rely on other companies to provide key components of our business infrastructure.
- The loss of key members of our senior management team and our lending teams could affect our ability to operate effectively.
- Our inability to continue to process large volumes of transactions accurately could adversely impact our business and financial results.
- Potential acquisitions may disrupt our business and dilute stockholder value.
- Economic Risk
- An economic slowdown in our primary market areas could affect our business.
- Negative developments affecting the banking industry, and resulting media coverage, may erode customer confidence in the banking system and could have a material effect on our operations and/or stock price.
- The soundness of other financial institutions could adversely affect us.
- Instability in global economic conditions and geopolitical matters, as well as volatility in financial markets, could have a material adverse effect on our results of operations and financial condition.
- Legal/Regulatory/Compliance Risk
- We are subject to litigation, regulatory examinations, supervisory actions, and other legal proceedings that could result in significant costs, restrict our operations, and adversely affect our financial condition and results of operations.
- Any regulatory examination scrutiny or new regulatory requirements in the banking industry could increase the Company's expenses and affect the Company's operations.
- We may be exposed to risk of environmental liabilities with respect to real property to which we take title.
- We are subject to extensive regulation and changes in laws and regulatory policies could adversely affect our business.
- Digital asset trends introduce regulatory and competitive challenges.
- Provisions in our articles of incorporation, our by–laws, and Indiana law may delay or prevent an acquisition of us by a third party.
- Fiduciary Risk
- Our prior role as a trustee for employee stock ownership plans (“ESOPs”) may expose us to increased risk of litigation due to heightened scrutiny of this role by the U.S. Department of Labor and the plaintiffs' bar.
- General Risks
- We continually encounter technological changes.
- We face intense competition in all phases of our business from other banks, financial institutions and non–banks.
Legal proceedings
Please see the Note 24 - General Litigation in the Notes to Consolidated Financial Statements within Item 8 of this report for information regarding Horizon’s legal proceedings.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARThomas M. Prame, President
- 16SEC EDGARKathie A. Deruiter, President
- 17SEC EDGARJames D. Neff, President
- 18SEC EDGARDavid G. Rose, President
- 19SEC EDGARDonald E. Radde, President
- 20SEC EDGARLawrence J. Mazur, President
- 21
- 22
- 23
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- 26SEC EDGARLynn Kerber, EVP & SCCO
- 27
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- 37SEC EDGARCharles W. Sulerzyski, Board member
- 38SEC EDGARNicholas Ritter, Board member
- 39SEC EDGARBrian C. Walker, Board member
- 40
- 41SEC EDGARLarry S. Magnesen, Board member
- 42SEC EDGARBrian W. Maass, Board member
- 43SEC EDGARKevin Ahern, Board member
- 44
- 45SEC EDGARJulie Scheck Freigang, Board member
- 46SEC EDGARDennis Kuhn, Board member
- 47SEC EDGARTodd A. Etzler, Board member
- 48SEC EDGAREric P. Blackhurst, Board member
- 49SEC EDGARMichele M. Thompson, Board member
- 50
- 51SEC EDGARSteven William Reed, Board member
- 52SEC EDGARThomas H. Edwards, Board member
- 53SEC EDGARCraig M. Dwight, Board member
- 54SEC EDGARLawrence E. Burnell, Board member
- 55SEC EDGARRobert C. Dabagia, Board member
- 56SEC EDGARBruce E. Rampage, Board member
- 57SEC EDGARCharley E. Gillispie, Board member
- 58SEC EDGARDaniel F. Hopp, Board member
- 59SEC EDGARGene L. Rice, Board member
- 60SEC EDGARGeorge R. Averitt, Board member
- 61SEC EDGARJames B. Dworkin, Board member
- 62SEC EDGARLarry N. Middleton, Board member
- 63SEC EDGARPeter L. Pairitz, Board member
- 64SEC EDGARRobert E. McBride, Board member
- 65SEC EDGARRobert E. Swinehart, Board member
- 66SEC EDGARSpero W. Valavanis, Board member
- 67SEC EDGARSusan D. Aaron, Board member
- 68SEC EDGARTodd A. Etzler, General counsel
- 69
- 70SEC EDGARResults of operations
- 71SEC EDGAROther events
- 72SEC EDGARExecutive or director change
- 73
- 74SEC EDGARResults of operations
- 75SEC EDGAROther events
- 76SEC EDGAROther events
- 77SEC EDGARShareholder vote
- 78
- 79SEC EDGARResults of operations
- 80SEC EDGAROther events
- 81SEC EDGARExecutive or director change
- 82NasdaqNasdaq calendar
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