HORIZON BANCORP INC /IN/

For the period ended Sep 30, 2026. Filed Nov 6, 2026.

About 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, 2026 · Filed Nov 6, 2026

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

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Contents

Condensed Consolidated Statements of Cash Flows

	Nine Months Ended
	September 30,2026	September 30,2025
Operating Activities
Net income	$79,743	$(177,404)
Items not requiring (providing) cash
Provision for credit losses	2,607	266
Depreciation and amortization	7,769	9,645
Share based compensation	1,369	1,164
Amortization of mortgage servicing rights	1,728	1,555
Net (accretion of discounts) or amortization of premiums on securities	(2,440)	(1,177)
Purchases of securities held for trading	(14,592)	(598)
Proceeds from maturities, calls and principal repayments of securities, held for trading	14,602	—
Loss on sale of investment securities	8	299,538
Gain on sale of mortgage loans	(4,791)	(3,503)
Net gain on sale of portfolio loans	—	324
Proceeds from sales of loans	145,777	114,280
Loans originated for sale	(155,024)	(114,614)
Gain on cash value life insurance	(1,063)	(1,060)
Gain (loss) on other real estate owned	6	(77)
Net change in:
Interest receivable	2,389	10,989
Interest payable	(6,405)	1,258
Other assets	(6,844)	(72,995)
Other liabilities	18,453	(21,933)
Net cash provided by operating activities	$83,292	$45,658
Investing Activities
Purchases of securities available for sale	(108,199)	(583,455)
Proceeds from sales of securities available for sale	5,493	1,409,870
Proceeds from maturities, calls and principal repayments of securities available for sale	64,080	32,284
Proceeds from maturities of securities held to maturity	—	63,783
Net change in interest-earning time deposits	—	735
Purchase of FHLB stock	—	(301)
Redemption of FHLB stock	38,295	8,414
Proceeds from sale of portfolio loans	—	228,892
Net change in loans	(127,918)	(131,826)
Proceeds on the sale of OREO and repossessed assets	3,208	623
Premises and equipment expenditures	(4,690)	(4,013)
Proceeds from bank owned life insurance	—	748
Net cash used in investing activities	$(129,731)	$1,025,754
Financing Activities
Net change in deposits	205,958	(79,752)
Proceeds from borrowings	159,361	139,943
Repayment of borrowings	(159,529)	(1,132,135)
Net change in repurchase agreements	(64,482)	(2,944)
Net settlement of share awards	—	(4,141)
Exercise of stock options	686	—
Proceeds from issuance of common stock, net	—	97,950
Net proceeds from issuance of subordinated notes	—	95,784
Dividends paid on common stock	(24,714)	(21,293)
Net cash provided by (used in) financing activities	$117,280	$(906,588)
Net Change in Cash and Cash Equivalents	$70,841	$164,824
Cash and Cash Equivalents, Beginning of Period	$139,459	$293,431
Cash and Cash Equivalents, End of Period	$210,300	$458,255
Additional Supplemental Information
Interest paid	$81,743	$106,222
Income taxes paid	713	20,347
Transfer of loans to other real estate and repossessed assets	6,205	2,623

Condensed Consolidated Statements of Cash Flows

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	8,244	8,194

See accompanying Notes to Condensed Consolidated Financ ial Statements

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