Core Viewpoint - Horizon Bancorp, Inc. will host a conference call on October 23, 2025, to discuss its third quarter 2025 financial results, with the news release available after market close on October 22, 2025 [1]. Group 1: Conference Call Details - The live conference call will take place at 7:30 a.m. CT (8:30 a.m. ET) on October 23, 2025, with participants able to join by dialing specific numbers based on their location [2]. - A telephone replay of the call will be available approximately one hour after the call ends, accessible until October 31, 2025, using designated numbers and an access code [3]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [4]. - The company offers a variety of retail banking services, including residential and secured consumer lending, personal banking, and wealth management solutions, with commercial lending making up over half of its total loans [4].

Core Viewpoint - Horizon Bancorp, Inc. has successfully closed a public offering of 7,138,050 shares of common stock, raising approximately $103.5 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering included 931,050 shares sold under the underwriters' option, which was fully exercised, at a public price of $14.50 per share [1]. - The net proceeds from the offering will be utilized for general corporate purposes, including potential repositioning of the company's balance sheet [2]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025 [5]. - The company operates Horizon Bank, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [5]. - Horizon's offerings include residential and secured consumer lending, personal banking, wealth management, business banking, and treasury management services, with commercial lending making up over half of total loans [5].

Core Insights - Horizon Bancorp reported strong second quarter earnings driven by robust loan growth, stable funding, excellent credit quality, and effective expense management, with a 58% increase in earnings per share compared to the same period last year [2][3][29] Financial Performance - Net income for Q2 2025 was $20.6 million, or $0.47 per diluted share, down from $23.9 million, or $0.54 in Q1 2025, but up from $14.1 million, or $0.32 in Q2 2024 [2][3][10] - For the first half of 2025, net income totaled $44.6 million, or $1.01 per diluted share, compared to $28.1 million, or $0.64 in the same period of 2024 [3] Key Financial Metrics - Net interest income increased to $55.4 million in Q2 2025, a 5.9% rise from Q1 2025 and a 22.3% increase from Q2 2024, with a net interest margin of 3.23% [7][10] - Total loans held for investment rose by 6.2% annualized, with organic commercial loan growth of $117.2 million, or 14.8% [7][20] - Non-interest income for Q2 2025 was $10.9 million, down from $16.5 million in Q1 2025, primarily due to the absence of a one-time gain from the sale of the mortgage warehouse business [16][21] Expense Management - Total non-interest expense was $39.4 million in Q2 2025, slightly up from $39.3 million in Q1 2025, reflecting effective cost control measures [18][19] - The provision for credit losses was $2.5 million in Q2 2025, compared to $1.4 million in Q1 2025, attributed to growth in commercial loans and economic factors [11][12] Balance Sheet Highlights - Total assets increased by $23.4 million to $7.7 billion as of June 30, 2025, driven by loan growth and cash increases [20] - Total deposits decreased by $66.0 million to $5.7 billion, influenced by a decline in time deposits [21] - The allowance for credit losses as a percentage of loans held for investment was 1.09% as of June 30, 2025 [13][25] Capital Ratios - As of June 30, 2025, the total capital ratio was 14.48%, with Tier 1 capital at 12.52% [22][23] - Book value per common share increased to $18.06, reflecting growth in retained earnings [24]