MICHIGAN CITY, Ind., Oct. 01, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) -- Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, October 23, 2025 to review its third quarter 2025 financial results. The Company’s third quarter 2025 news release will be published after markets close on Wednesday, October 22, 2025. It will be available at investor.horizonbank.com. Participants may access the live conference call on October 23, 2025 at 7:30 a.m. CT (8:30 a. ...

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]