Horizon Bancorp, Inc. Announces Pricing of Common Stock Offering
MICHIGAN CITY, Ind., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ:HBNC) ("Horizon"), the parent company of Horizon Bank, today announced the pricing of the previously announced underwritten public offering of 6,207,000 shares of its common stock (the "Offering"), at a price to the public of $14.50 per share for aggregate gross proceeds of approximately $90,001,500 before deducting underwriting discounts and estimated offering expenses.
In addition, Horizon has granted the underwriters a 30-day option to purchase up to an additional 931,050 shares of its common stock at the public offering price, less underwriting discounts and commissions.
Horizon intends to use the net proceeds from 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 are acting as joint book-running managers for the Offering.
Horizon expects to close the Offering, subject to customary conditions, on or about August 22, 2025.
Additional Information Regarding the Offering
The Offering of common stock is being 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 preliminary prospectus supplement has been filed with the SEC to which this communication relates. A final prospectus supplement and accompanying prospectus will be filed with the SEC. Before considering an investment, prospective investors should read the final prospectus supplement and the accompanying prospectus in the registration statement and other documents Horizon has filed with the SEC for more complete information about Horizon and the Offering because they contain important information. Copies of these documents are available at no charge by visiting the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus and, when available, copies of the final prospectus supplement and the accompanying prospectus related to the Offering 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
No Offer or Solicitation
This press release does not constitute an offer to sell, ...
