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Companies / Financials / HORIZON BANCORP INC
HBNC

HORIZON BANCORP INC

FinancialsBanks & Brokers
Ticker HBNCMICHIGAN CITY, INFiscal year ends DecemberBook value per share $14.17Diluted shares 51.3M

Horizon Bancorp, Inc. (NASDAQ: HBNC) operates as a registered bank holding company providing comprehensive banking services through its subsidiary, Horizon Bank. The company maintains its website at www.horizonbank.com and serves customers across northern and central Indiana as well as southern and central Michigan… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$-26.97M
−114.1% year over year
Last 12 mo $-13.02M
0.00%
$-150.48M
−524.7% year over year
Last 12 mo $-143.99M
-21.86%
−26.5 percentage points
Cash & financing
$79.23M
+1144.2% year over year
Last 12 mo $98.42M
$74.27M
+5684.7% year over year
Last 12 mo $94.07M
8.17
Was 9.02× a year earlier
Last 12 mo 0.44
46.5M
+5.5% year over year
Last 12 mo 51.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What HORIZON BANCORP INC does

In the company’s own words

Horizon Bancorp, Inc. (NASDAQ: HBNC) operates as a registered bank holding company providing comprehensive banking services through its subsidiary, Horizon Bank. The company maintains its website at www.horizonbank.com and serves customers across northern and central Indiana as well as southern and central Michigan through a network of 71 full-service banking offices.

Founded in 1873, Horizon Bank originally operated as a national association before converting to an Indiana commercial bank in 2017. The company has expanded its geographic reach and financial scale over the past two decades through a combination of organic growth and strategic acquisitions, including transactions with Alliance Financial Corporation, American Trust & Savings Bank, Heartland, LaPorte Bancorp, and Salin Bank.

As of December 31, 2025, Horizon Bank reported total assets of $6.4 billion and total deposits of $5.3 billion. The company employed 465 full-time and 26 part-time employees across all locations. Horizon operates as a single commercial banking segment, generating revenues primarily from loan originations and investment securities. In 2025, loan revenues accounted for 291.4 percent of total consolidated revenue while investment securities revenues represented 42.9 percent.

Horizon Bank offers a full range of commercial and retail banking services, including corporate and individual trust and agency services. The company maintains wholly-owned subsidiaries including Horizon Investments, which manages the investment portfolio; Horizon Properties, managing real estate investments; and Horizon Insurance Services, which facilitates life insurance product sales through third-party providers.

The company holds membership in the Federal Home Loan Bank of Indianapolis and maintains significant market positions in its primary markets. As of the most recent FDIC Deposit Market Share Report, Horizon ranked as the largest institution in LaPorte County, Indiana and the largest in Carroll County, Indiana, while maintaining competitive positions in numerous other counties across both states.

Horizon operates under extensive federal and state regulation, subject to supervision by the Federal Reserve Board, the Indiana Department of Financial Institutions, and the Federal Deposit Insurance Corporation. The company maintains regulatory capital ratios exceeding all applicable minimum requirements and is classified as well-capitalized under prompt corrective action provisions.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
MICHIGAN CITY, IN
Fiscal year end
December
CIK
706129
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-190.23M$-70.99M$48.24M$167.48M$286.71M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns HORIZON BANCORP INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

199
funds hold it
0 of 35
superinvestors hold it
$278.20M
held by funds, at market
28.1%
of shares held by funds
1
bond issues held by funds

Largest fund holders · HORIZON BANCORP INC’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
0.26%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

HORIZON BANCORP INC’s bonds, as funds hold them

Funds report holding 1 issues of HORIZON BANCORP INC’s debt, $2.04M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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