---
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"
generated_at: "2026-05-17T06:41:34.342027+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp completes balance sheet repositioning; securities sale loss $299.1M vs expected $309.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000157
- JSON: https://secwatch.observer/filing/0000706129-25-000157.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000157.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.