HORIZON BANCORP INC /IN/

For the period ended Dec 31, 2025. Filed Mar 13, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 13, 2026

HBNC$21.30+0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(Dollar Amounts in Thousands, Except Per Share Data)

	Year Ended December 31
	2025	2024	2023
Interest Income
Interest and fees on loans	$309,874	$291,069	$244,544
Investment securities - taxable	26,299	30,295	34,410
Investment securities - tax exempt	19,359	25,439	28,384
Other	7,245	9,680	4,967
Total interest income	362,777	356,483	312,305
Interest Expense
Deposits	98,607	115,042	85,857
Short and long term borrowings	25,033	44,930	42,478
Subordinated notes	5,201	3,319	3,511
Junior subordinated debentures issued to capital trusts	4,452	4,588	4,715
Total interest expense	133,293	167,879	136,561
Net Interest Income	229,484	188,604	175,744
Credit loss expense	1,896	5,389	2,459
Net Interest Income after Provision for Credit Losses	227,588	183,215	173,285
Non-interest (Loss) Income
Service charges on deposit accounts	13,231	12,940	12,227
Wire transfer fees	277	461	448
Interchange fees	13,599	13,799	12,861
Fiduciary activities	5,501	5,394	5,080
Loss on sale of investment securities	(299,538)	(39,140)	(32,052)
Gain on sale of mortgage loans	4,799	4,215	4,323
Mortgage servicing income net of impairment	1,463	1,677	2,708
Increase in cash value of bank owned life insurance	1,420	1,300	3,709
Other income	2,798	2,325	2,694
Total non-interest (loss) income	(256,450)	2,971	11,998
Non-interest Expense
Salaries and employee benefits	89,737	88,244	80,809
Net occupancy expenses	13,867	13,376	13,355
Data processing	11,884	10,861	11,626
Professional fees	3,452	2,733	2,645
Outside services and consultants	13,422	14,564	9,942
Loan expense	4,340	4,076	4,980
FDIC insurance expense	5,100	5,032	3,880
Core deposit intangible amortization	3,044	3,403	3,612
Merger related expense	305	—	—
Prepayment penalties	12,680	—	—
Other losses	1,336	1,199	1,051
Other expense	13,124	15,348	14,384
Total non-interest expense	172,291	158,836	146,284
Income (Loss) Before Income Taxes	(201,153)	27,350	38,999
Income tax expense (benefit)	(50,671)	(8,079)	11,018
Net Income (Loss) Available to Common Shareholders	$(150,482)	$35,429	$27,981
Basic Earnings Per Share	$(3.24)	$0.81	$0.64
Diluted Earnings Per Share	(3.24)	0.80	0.64

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.