---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-26-000054"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2026-06-30T20:25:20+00:00"
generated_at: "2026-06-30T20:26:27.997742+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp subsidiary faces $3M jury verdict in auto repossession lawsuit; plans appeal

## Summary
- Jury awarded ~$3.0M total damages, including $2.5M punitive, against Horizon Bank in a 2018 vehicle repossession and credit reporting case.
- Company will add ~$3.0M pre-tax expense to reserve in Q2 2026 and intends to appeal the verdict.
- Horizon discontinued indirect auto finance originations in 2023 and exited most remaining exposure in 2024; no broader exposure expected.
- Company does not view this as a disruption to its core community bank model; Q2 earnings call scheduled for July.

## SEC filing metadata
- accession: 0000706129-26-000054
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2026-06-30T20:25:20+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612926000054/0000706129-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612926000054/hbnc-20260624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-26-000054
- JSON: https://secwatch.observer/filing/0000706129-26-000054.json
- Plain text: https://secwatch.observer/filing/0000706129-26-000054.txt

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