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Horizon Bancorp, Inc. Announces Closing of Common Stock Offering

MICHIGAN CITY, Ind., Aug. 22, 2025 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ:HBNC) ("Horizon"), the parent company of Horizon Bank, today announced the closing of the previously announced underwritten public offering of 7,138,050 shares of its common stock (the "Offering"), including 931,050 shares of its common stock sold pursuant to the underwriters' option to purchase additional shares, which was exercised in full, at a price to the public of $14.50 per share. The aggregate gross proceeds of the Offering were approximately $103.5 million before deducting underwriting discounts and estimated offering expenses.

Horizon intends to use the net proceeds of the Offering for general corporate purposes, including in support of the potential repositioning of its balance sheet.

Keefe, Bruyette & Woods, Inc., A Stifel Company and Performance Trust Capital Partners, LLC acted as joint book-running managers for the Offering.

The Offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-282292) that was filed with and declared effective by the Securities and Exchange Commission ("SEC"). A final prospectus supplement and accompanying prospectus has been filed with the SEC to which this communication relates. Copies of these documents are available at no charge by visiting the SEC's website at www.sec.gov. Alternatively, copies may be obtained by contacting: Keefe, Bruyette & Woods, A Stifel Company by telephone at (800) 966-1559 or by e-mail at or Performance Trust Capital Partners, LLC by telephone at (312) 521-1638 or by e-mail at

This press release does not constitute an offer to sell, a solicitation of an offer to sell, or the solicitation of an offer to buy any securities. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. (NASDAQ:HBNC) is the $7.7 billion-asset (as of June 30, ...