HORIZON BANCORP INC /IN/
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 31,2026 | March 31,2025 | |
| Operating Activities | ||
| Net income | $26,168 | $23,943 |
| Items not requiring (providing) cash | ||
| Provision for credit losses | 391 | 1,376 |
| Depreciation and amortization | 2,873 | 2,475 |
| Share based compensation | 556 | 459 |
| Amortization of mortgage servicing rights | 579 | 507 |
| Net (accretion of discounts) or amortization of premiums on securities | (1,189) | 1,885 |
| Purchases of securities held for trading | (4,966) | — |
| Proceeds from maturities, calls and principal repayments of securities, held for trading | 4,900 | — |
| Loss on sale of investment securities | — | 407 |
| Gain on sale of mortgage loans | (1,090) | (1,076) |
| Net loss on sale of portfolio loans | — | (7,000) |
| Proceeds from sales of loans | 39,090 | 26,073 |
| Loans originated for sale | (40,944) | (26,407) |
| Gain on cash value life insurance | (333) | (335) |
| Gain on other real estate owned | (51) | (13) |
| Net change in: | ||
| Interest receivable | 718 | 1,084 |
| Interest payable | (4,355) | 304 |
| Other assets | 1,232 | 9,741 |
| Other liabilities | (2,817) | (18,178) |
| Net cash provided by operating activities | $20,762 | $15,245 |
| Investing Activities | ||
| Purchases of securities available for sale | (33,369) | — |
| Proceeds from sales of securities available for sale | — | 4,132 |
| Proceeds from maturities, calls and principal repayments of securities available for sale | 17,857 | 597 |
| Proceeds from maturities of securities held to maturity | — | 17,683 |
| Net change in interest-earning time deposits | — | 735 |
| Redemption of FHLB stock | — | 8,414 |
| Proceeds from sale of portfolio loans | — | 54,990 |
| Net change in loans | (2,166) | (47,159) |
| Proceeds on the sale of OREO and repossessed assets | 555 | 221 |
| Premises and equipment expenditures | (56) | (1,129) |
| Proceeds from bank owned life insurance | — | 376 |
| Net cash provided by (used in) investing activities | $(17,179) | $38,860 |
| Financing Activities | ||
| Net change in deposits | 146,890 | 165,131 |
| Proceeds from borrowings | 150,124 | 200,000 |
| Repayment of borrowings | (150,293) | (530,123) |
| Net change in repurchase agreements | (22,464) | (2,060) |
| Net settlement of share awards | — | (3,698) |
| Dividends paid on common stock | (8,228) | (7,120) |
| Net cash provided by (used in) financing activities | $116,029 | $(177,870) |
| Net Change in Cash and Cash Equivalents | $119,612 | $(123,765) |
| Cash and Cash Equivalents, Beginning of Period | $139,459 | $293,431 |
| Cash and Cash Equivalents, End of Period | $259,071 | $169,666 |
| Additional Supplemental Information | ||
| Interest paid | $28,766 | $36,605 |
| Income taxes paid | — | 360 |
| Transfer of loans to other real estate and repossessed assets | 1,994 | 1,034 |
| Transfer of held to maturity securities to available for sale | — | 4,539 |
| Cash dividends declared, not paid | 8,231 | 7,088 |
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