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+1.73%
Close of 9 Nov 2026, in USD
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About Horizon Bancorp
From its filings with the US Securities and Exchange Commission
Horizon Bancorp is based in Michigan City, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker HBNC. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported a net loss of $150.5m. At that date it held total assets of $6.44bn and shareholders' equity of $688.3m.
Horizon Bancorp, Inc. (“Horizon” or the “Company”) is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in northern and central Indiana and southern and central Michigan through its bank subsidiary, Horizon Bank (“Horizon Bank” or the “Bank”) and other affiliated entities. Horizon operates as a single segment, which is commercial banking. Horizon’s common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. Horizon Bank (formerly known as “Horizon Bank, N.A.”) was founded in 1873 as a national association, and it remained a national association until its conversion to an Indiana commercial bank effective June 23, 2017. The Bank is a full–service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking.
Over the last 20 years, Horizon has expanded its geographic reach and experienced financial growth through a combination of both organic expansion and mergers and acquisitions. Horizon’s initial operations focused on northwest Indiana, but since then, the Company has developed a presence in new markets in southern and central Michigan and northeastern and central Indiana.
Quoted from its 10-K, filed 13 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 20 Dec 2001
- Employees
- 465
- Website
- horizonbank.com ↗
- Head office
- 515 FRANKLIN STREET, MICHIGAN CITY, IN, 46360
- Incorporated in
- IN
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Eric BlackhurstNon-Executive Independent Chairman of the Board$92,500
- Mr. Thomas PramePresident, Chief Executive Officer, Director, since 2022$1.6m
- Mr. John StewartExecutive Vice President, Chief Financial Officer$1.9m
- Mr. Mark SecorExecutive Vice President, Chief Administration Officer$672,269
- Mr. Todd EtzlerExecutive Vice President, Chief Legal and Risk Officer, Corporate Secretary$524,585
- Mr. Kathie DeruiterExecutive Vice President of Horizon and Horizon Bank, Senior Operations Officer of Horizon Bank$623,842
- Ms. Lynn KerberExecutive Vice President of Horizon and Horizon Bank, Chief Commercial Banking Officer of Horizon Bank$710,881
- Mr. Kevin AhernIndependent Director$85,000
- Mr. Lawrence BurnellIndependent Director$92,500
- Dr. James DworkinIndependent Director$92,500
- Ms. Julie FreigangIndependent Director$92,500
- Mr. Brian MaassIndependent Director$85,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 59
- Environment
- 57
- Social
- 62
- Governance
- 59
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Solid Financial Performance: Horizon Bancorp Inc has consistently demonstrated strong financial performance over the years, with steady revenue growth and healthy profits.
- Strong Market Presence: The company has established a strong market presence in its core markets, with a wide network of branches and a large customer base. This provides a competitive advantage in attracting and retaining customers.
- Diverse Product Portfolio: Horizon Bancorp Inc offers a diverse range of financial products and services, including personal and commercial banking, wealth management, and mortgage services. This allows the company to cater to a broad customer base and generate multiple revenue streams.
Weaknesses
- Limited Geographic Presence: Despite its strong market presence in core markets, Horizon Bancorp Inc has limited geographic diversification. This exposes the company to regional economic fluctuations and may limit growth opportunities in untapped markets.
- Vulnerability to Interest Rate Risk: As a financial institution, Horizon Bancorp Inc is exposed to interest rate risk. Fluctuations in interest rates can impact the company's profitability and net interest margin, potentially affecting its financial performance.
- Reliance on Traditional Banking Channels: The company relies heavily on traditional banking channels, such as physical branches and in-person customer interactions. With the growing popularity of digital banking, this may pose challenges in meeting evolving customer preferences and expectations.
Opportunities
- Acquisition and Expansion Opportunities: Horizon Bancorp Inc can explore potential acquisition opportunities to expand its geographic footprint or diversify its product offerings. This can help the company tap into new markets and unlock growth potential.
- Embracing Digital Transformation: By investing in advanced technology and digital banking infrastructure, Horizon Bancorp Inc can enhance its customer experience, improve operational efficiency, and stay competitive in the evolving banking landscape.
- Growing Demand for ESG Investments: As environmental, social, and governance (ESG) considerations gain prominence in the investment landscape, Horizon Bancorp Inc can capitalize on the growing demand for sustainable and responsible investment products to attract a new segment of socially conscious customers.
Threats
- Intense Competitive Pressure: Horizon Bancorp Inc operates in a highly competitive banking industry, facing competition from large national banks, regional competitors, and emerging fintech startups. Heightened competition can potentially erode market share and impact profitability.
- Regulatory and Compliance Challenges: Financial institutions are subject to stringent regulatory requirements and changes in compliance standards. Non-compliance or failure to adapt to regulatory changes could result in penalties, reputational damage, and operational disruptions for Horizon Bancorp Inc.
- Economic Instability and Market Volatility: The banking industry is susceptible to economic downturns, financial market volatility, and geopolitical uncertainties. Adverse economic conditions and market disruptions can adversely impact the financial performance and stability of Horizon Bancorp Inc.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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