Horizon Bancorp, Inc. Successfully Prices Common Stock Offering

Author: Logan Wright Updated: 08-21-2025 06:45 AM

Horizon Bancorp, Inc. Announces Common Stock Offering Pricing

Horizon Bancorp, Inc. (NASDAQ: HBNC), the parent company of Horizon Bank, has indicated a significant step in its growth strategy by announcing the pricing of its underwritten public offering. The company has priced 6,207,000 shares of its common stock at $14.50 per share, aiming for aggregate gross proceeds of approximately $90 million before discounting underwriting fees and estimated expenses. This move reflects the company’s robust foothold in the banking industry and its interest in generating capital for growth.

Utilizing Proceeds for Strategic Benefits

The proceeds from this stock offering will primarily be directed towards general corporate purposes. This includes efforts to potentially reposition Horizon's balance sheet, enhancing the company's operational capabilities and long-term financial health. Such strategic financial maneuvers are essential for maintaining competitiveness in the dynamic banking landscape.

Option for Additional Purchase

Additionally, Horizon Bancorp has provided its underwriters with a 30-day option to purchase up to 931,050 additional shares at the public offering price minus underwriting discounts. This strategy could further capitalize on market demand, allowing the company to adjust its offering to maximize efficiency in capital raising.

Leading Managers of the Offering

Keefe, Bruyette & Woods, Inc., a Stifel Company, along with Performance Trust Capital Partners, LLC, are serving as the joint book-running managers for this offering. Their expertise is expected to help in navigating the complexities of this capital-raising initiative, ensuring a smooth process for both the company and its investors.

Investment Implications and Expectations

The expected closing date for this offering is around August 22, 2025, subject to customary conditions. Horizon Bancorp encourages prospective investors to stay informed by reviewing the final prospectus supplement to understand fully the investment's context and scope.

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. (NASDAQ: HBNC) stands as a $7.7 billion asset commercial bank holding company. It provides financial services across diverse and promising Midwestern markets through both digital platforms and its physical branches located in Indiana and Michigan. Horizon's offerings include secured personal lending, various personal banking services, wealth management solutions, and a full suite of business banking services, facilitating robust operational capabilities for both retail and commercial clients.

Contact Information

For further inquiries related to the offering, Interested parties can contact John R. Stewart, CFA, who serves as the EVP and Chief Financial Officer. He is reachable at (219) 814-5833 for any detailed questions regarding the offering or the company’s strategic direction.

Frequently Asked Questions

What is the price of the common stock offering by Horizon Bancorp?

The offering is priced at $14.50 per share.

How many shares are being offered in the Horizon Bancorp offering?

A total of 6,207,000 shares are being offered, with an additional option for underwriters to purchase more.

What is the expected closing date for the offering?

The offering is expected to close on or about August 22, 2025.

Who are the underwriters for Horizon Bancorp's offering?

Keefe, Bruyette & Woods, Inc. and Performance Trust Capital Partners, LLC are the joint book-running managers.

What will the proceeds of the offering be used for?

The proceeds will be used for general corporate purposes, potentially repositioning Horizon's balance sheet.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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