{"schema_version":"secwatch.filing_event.v1","accession":"0000706129-25-000157","form_type":"8-K","ticker":"HBNC","cik":"0000706129","company_name":"HORIZON BANCORP INC /IN/","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.184373+00:00","generated_at":"2026-05-17T06:41:34.342027+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Horizon Bancorp completes balance sheet repositioning; securities sale loss $299.1M vs expected $309.1M","bullets":["Closed public offering of 7.14M shares for net proceeds $98.6M; issued $100M subordinated notes at 7.00% fixed rate through 2030.","Sold ~$1.7B securities with realized pre-tax loss $299.1M (vs $309.1M expected); prepaid $700M FHLB advances with penalty $12.7M (vs $15.6M).","Redeployed ~$600M into investment securities yielding 5.27% tax-equivalent; reducing non-core deposits >$125M in Q3.","Signed LOI to sell ~$190M indirect auto loans by end of Sep; redeeming $56.5M higher-cost sub notes on Oct 1."],"urls":{"canonical":"https://secwatch.observer/filing/0000706129-25-000157","json":"https://secwatch.observer/filing/0000706129-25-000157.json","markdown":"https://secwatch.observer/filing/0000706129-25-000157.md","text":"https://secwatch.observer/filing/0000706129-25-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000157/0000706129-25-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000157/hbnc-20250915.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:41:34.342027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}