HORIZON BANCORP INC /IN/
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30,2025 | September 30,2024 | |
| Operating Activities | ||
| Net income (loss) | $(177,404) | $46,311 |
| Items not requiring (providing) cash | ||
| Provision for credit losses | 266 | 4,218 |
| Depreciation and amortization | 9,645 | 7,684 |
| Share based compensation | 1,164 | 2,893 |
| Amortization of mortgage servicing rights | 1,555 | 1,435 |
| Net (accretion) amortization of premiums and discounts on securities | (1,177) | 6,496 |
| Purchases of securities held for trading | (598) | — |
| Loss on sale of investment securities | 299,538 | — |
| Gain on sale of mortgage loans | (3,503) | (3,144) |
| Loss on sale of portfolio loans | 324 | — |
| Proceeds from sales of loans | 114,280 | 91,515 |
| Loans originated for sale | (114,614) | (89,978) |
| Gain on cash value life insurance | (1,060) | (965) |
| Gain on other real estate owned | (77) | (74) |
| Net change in: | ||
| Interest receivable | 10,989 | (656) |
| Interest payable | 1,258 | (10,849) |
| Other assets | (72,995) | 12,677 |
| Other liabilities | (21,933) | (12,822) |
| Net cash provided by operating activities | $45,658 | $54,741 |
| Investing Activities | ||
| Purchases of securities available for sale | (583,455) | — |
| Proceeds from sales of securities available for sale | 1,409,870 | — |
| Proceeds from maturities, calls and principal repayments of securities available for sale | 32,284 | 14,721 |
| Purchases of securities held to maturity | — | (312) |
| Proceeds from maturities of securities held to maturity | 63,783 | 52,586 |
| Net change in interest-earning time deposits | 735 | 1,470 |
| Purchase of FHLB stock | (301) | (19,317) |
| Redemption of FHLB stock | 8,414 | — |
| Purchase of loans | — | (240,020) |
| Proceeds from sale of portfolio loans | 228,892 | — |
| Net change in loans | (131,826) | (173,382) |
| Proceeds on the sale of OREO and repossessed assets | 623 | 1,067 |
| Premises and equipment expenditures | (4,013) | (3,286) |
| Proceeds from bank owned life insurance | 748 | 44,043 |
| Net cash provided by (used in) investing activities | $1,025,754 | $(322,430) |
| Financing Activities | ||
| Net change in deposits | (79,751) | 62,122 |
| Proceeds from borrowings | 139,943 | 512,759 |
| Repayment of borrowings | (1,132,135) | (563,120) |
| Net change in repurchase agreements | (2,944) | (13,631) |
| Proceeds from issuance of subordinated notes | 95,784 | — |
| Net settlement of share awards | (4,141) | (840) |
| Proceeds from issuance of common stock | 97,950 | — |
| Dividends paid on common stock | (21,293) | (21,282) |
| Net cash used in financing activities | $(906,588) | $(23,992) |
| Net Change in Cash and Cash Equivalents | $164,824 | $(291,681) |
| Cash and Cash Equivalents, Beginning of Period | $293,431 | $526,515 |
| Cash and Cash Equivalents, End of Period | $458,255 | $234,834 |
| Additional Supplemental Information | ||
| Interest paid | $106,222 | $138,505 |
Condensed Consolidated Statements of Cash Flows
| Income taxes paid | 20,347 | 9,505 |
|---|---|---|
| Transfer of loans to other real estate and repossessed assets | 2,623 | 1,845 |
| Transfer of held to maturity securities to available for sale | 1,798,361 | — |
| Transfer of LHI to HFS | 191,485 | — |
| Cash dividends declared, not paid | 8,194 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.