HORIZON BANCORP INC /IN/ (HBNC) financial statements: income statement, balance sheet and cash flow

HORIZON BANCORP INC /IN/'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), HORIZON BANCORP INC /IN/ reported net income of ($150.5M) (-524.7% year on year).

Income statement

HORIZON BANCORP INC /IN/ income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Interest and fees on loans	$309.9M	$291.1M	$244.5M	$173.5M
Investment securities - taxable	$26.3M	$30.3M	$34.4M	$33.2M
Investment securities - tax exempt	$19.4M	$25.4M	$28.4M	$29.0M
Other	$7.2M	$9.7M	$5.0M	$306.0K
Total interest income	$362.8M	$356.5M	$312.3M	$236.0M
Deposits	$98.6M	$115.0M	$85.9M	$17.8M
Short and long term borrowings	$25.0M	$44.9M	$42.5M	$12.5M
Subordinated notes	$5.2M	$3.3M	$3.5M	$3.5M
Junior subordinated debentures issued to capital trusts	$4.5M	$4.6M	$4.7M	$2.7M
Total interest expense	$133.3M	$167.9M	$136.6M	$36.5M
Net Interest Income	$229.5M	$188.6M	$175.7M	$199.5M
Credit loss expense	$1.9M	$5.4M	$2.5M	($1.8M)
Net Interest Income after Provision for Credit Losses	$227.6M	$183.2M	$173.3M	$201.3M
Service charges on deposit accounts	$13.2M	$12.9M	$12.2M	$11.6M
Wire transfer fees	$277.0K	$461.0K	$448.0K	$595.0K
Interchange fees	$13.6M	$13.8M	$12.9M	$12.4M
Fiduciary activities	$5.5M	$5.4M	$5.1M	$5.4M
Loss on sale of investment securities	($299.5M)	($39.1M)	($32.1M)	$0
Gain on sale of mortgage loans	$4.8M	$4.2M	$4.3M	$7.2M
Mortgage servicing income net of impairment	$1.5M	$1.7M	$2.7M	$4.8M
Increase in cash value of bank owned life insurance	$1.4M	$1.3M	$3.7M	$2.6M
Other income	$2.8M	$2.3M	$2.7M	$2.3M
Total non-interest (loss) income	($256.4M)	$3.0M	$12.0M	$47.5M
Salaries and employee benefits	$89.7M	$88.2M	$80.8M	$80.3M
Net occupancy expenses	$13.9M	$13.4M	$13.4M	$13.3M
Data processing	$11.9M	$10.9M	$11.6M	$10.6M
Professional fees	$3.5M	$2.7M	$2.6M	$1.8M
Outside services and consultants	$13.4M	$14.6M	$9.9M	$10.8M
Loan expense	$4.3M	$4.1M	$5.0M	$5.4M
FDIC insurance expense	$5.1M	$5.0M	$3.9M	$2.6M
Core deposit intangible amortization	$3.0M	$3.4M	$3.6M	$3.7M
Merger related expense	$305.0K	—	—	—
Prepayment Expense	$12.7M	—	—	—
Other losses	$1.3M	$1.2M	$1.1M	$1.0M
Other expense	$13.1M	$15.3M	$14.4M	$13.6M
Total non-interest expense	$172.3M	$158.8M	$146.3M	$143.2M
Income (Loss) Before Income Taxes	($201.2M)	$27.4M	$39.0M	$105.6M
Income tax expense (benefit)	($50.7M)	($8.1M)	$11.0M	$12.2M
Net Income (Loss) Available to Common Shareholders	($150.5M)	$35.4M	$28.0M	$93.4M
Basic earnings per share (in USD per share)	-$3.24	$0.81	$0.64	$2.14
Diluted earnings per share (in USD per share)	-$3.24	$0.80	$0.64	$2.14

HORIZON BANCORP INC /IN/ income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Interest and fees on loans	$77.7M	$75.1M	$79.6M	$78.6M
Investment securities - taxable	$7.2M	$7.5M	$6.6M	$5.9M
Investment securities - tax exempt	$2.6M	$2.5M	$4.6M	$6.1M
Other	$937.0K	$1.5M	$2.1M	$830.0K
Total interest income	$88.5M	$86.7M	$92.8M	$91.5M
Deposits	$20.5M	$19.9M	$25.7M	$26.1M
Short and long term borrowings	$1.7M	$1.7M	$5.9M	$8.2M
Subordinated notes	$1.9M	$1.8M	$1.7M	$829.0K
Junior subordinated debentures issued to capital trusts	$980.0K	$983.0K	$1.1M	$1.1M
Total interest expense	$25.0M	$24.4M	$34.5M	$36.1M
Net Interest Income	$63.5M	$62.2M	$58.4M	$55.4M
Credit loss expense	$916.0K	$391.0K	($3.6M)	$2.5M
Net Interest Income after Provision for Credit Losses	$62.6M	$61.8M	$62.0M	$52.9M
Service charges on deposit accounts	$3.4M	$3.5M	$3.5M	$3.2M
Wire transfer fees	$67.0K	$63.0K	$71.0K	$69.0K
Interchange fees	$3.6M	$3.4M	$3.5M	$3.4M
Fiduciary activities	$1.5M	$1.6M	$1.4M	$1.3M
Loss on sale of investment securities	$0	$0	($299.1M)	$0
Gain on sale of mortgage loans	$1.6M	$1.1M	$1.2M	$1.2M
Mortgage servicing income net of impairment	$350.0K	$337.0K	$351.0K	$375.0K
Increase in cash value of bank owned life insurance	$345.0K	$333.0K	$379.0K	$346.0K
Other income	$1.2M	$967.0K	($6.6M)	$1.0M
Total non-interest income	$12.0M	$11.2M	($295.3M)	$10.9M
Salaries and employee benefits	$24.2M	$23.2M	$22.7M	$22.7M
Net occupancy expenses	$3.7M	$4.2M	$3.3M	$3.1M
Data processing	$3.6M	$3.4M	$2.9M	$3.0M
Professional fees	($64.0K)	$929.0K	$808.0K	$735.0K
Outside services and consultants	$2.5M	$2.8M	$3.8M	$3.3M
Loan expense	$1.4M	$1.2M	$1.2M	$1.2M
FDIC insurance expense	$1.0M	$1.0M	$1.3M	$1.2M
Core deposit intangible amortization	$675.0K	$675.0K	$706.0K	$816.0K
Merger related expense	$0	$0	$0	$0
Other losses	$114.0K	$192.0K	$131.0K	$245.0K
Other expense	$6.6M	$3.2M	$3.2M	$3.1M
Total non-interest expense	$43.8M	$40.7M	$53.0M	$39.4M
Income Before Income Taxes	$30.7M	$32.3M	($286.3M)	$24.4M
Income tax expense	$5.8M	$6.2M	($64.3M)	$3.8M
Net Income Available to Common Shareholders	$24.9M	$26.2M	($222.0M)	$20.6M
Basic earnings per share (in USD per share)	$0.49	$0.51	-$4.69	$0.47
Diluted earnings per share (in USD per share)	$0.49	$0.51	-$4.69	$0.47

Balance sheet

HORIZON BANCORP INC /IN/ balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and due from banks	$66.8M	$92.3M	$526.5M	$123.5M
Interest-bearing deposits in banks	$72.6M	$201.1M	$2.2M	$2.8M
Total cash and cash equivalents	$139.5M	$293.4M	—	—
Interest earning time deposits	$0	$735.0K	—	—
Investment securities, held for trading	$3.9M	—	—	—
Investment securities, available for sale	$875.4M	$233.7M	$547.3M	$997.6M
Investment securities, held to maturity (fair value of $0 and $1,566,268)	$0	$1.9B	$1.9B	—
Loans held for sale	$9.8M	$67.6M	$1.4M	$5.8M
Loans, net of allowance for credit losses of $51,299 and $51,980	$4.8B	$4.8B	$4.4B	—
Premises and equipment, net	$92.8M	$93.9M	$94.6M	$92.7M
Federal Home Loan Bank stock	$45.7M	$53.8M	$34.5M	$26.7M
Goodwill	$155.2M	$155.2M	$155.2M	$155.2M
Other intangible assets	$7.2M	$10.2M	$13.6M	$17.2M
Interest receivable	$29.7M	$39.7M	$38.7M	$35.3M
Cash value of life insurance	$36.7M	$37.5M	$36.2M	$146.2M
Other assets	$215.5M	$152.6M	$177.1M	$139.3M
Total assets	$6.4B	$7.8B	$7.9B	$7.9B
Non-interest bearing	$1.1B	$1.1B	$1.1B	$1.3B
Interest bearing	$4.2B	$4.5B	$4.5B	$4.6B
Total deposits	$5.3B	$5.6B	$5.7B	$5.9B
Short and long term borrowings	$248.6M	$1.2B	$1.4B	$1.1B
Subordinated notes, net	$98.2M	$55.7M	$55.5M	$58.9M
Junior subordinated debentures issued to capital trusts	$57.7M	$57.5M	$57.3M	$57.0M
Interest payable	$12.9M	$11.1M	$22.2M	$5.4M
Other liabilities	$55.6M	$80.3M	$68.7M	$73.1M
Total liabilities	$5.7B	$7.0B	$7.2B	$7.2B
Preferred stock	$0	$0	$0	$0
Common stock	$0	$0	$0	$0
Additional paid-in capital	$459.2M	$363.8M	$356.4M	$354.2M
Retained earnings	$255.0M	$436.1M	$429.0M	$429.4M
Accumulated other comprehensive loss	($26.0M)	($36.3M)	($66.6M)	($106.2M)
Total stockholders’ equity	$688.3M	$763.6M	$718.8M	$677.4M
Total liabilities and stockholders’ equity	$6.4B	$7.8B	$7.9B	$7.9B

HORIZON BANCORP INC /IN/ balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and due from banks	$72.4M	$68.4M	$76.4M	$101.7M
Interest-bearing deposits in banks	$145.6M	$190.7M	$381.9M	$34.2M
Total cash and cash equivalents	$217.9M	$259.1M	$458.3M	$137.9M
Investment securities, held for trading	$3.9M	$4.0M	$598.0K	—
Investment securities, available for sale	$897.8M	$882.2M	$883.2M	$232.0M
Loans held for sale	$5.1M	$9.8M	$1.9M	$3.0M
Allowance for credit losses	($51.9M)	—	($50.2M)	—
Loans, net of allowance for credit losses	$4.9B	$4.8B	$4.8B	$4.9B
Premises and equipment, net	$90.9M	$90.8M	$93.4M	$93.4M
Federal Home Loan Bank stock	$7.4M	$45.7M	$45.7M	$45.4M
Goodwill	$155.2M	$155.2M	$155.2M	$155.2M
Other intangible assets	$5.8M	$6.5M	$7.9M	$8.6M
Interest receivable	$30.4M	$29.0M	$28.8M	$39.7M
Cash value of life insurance	$37.4M	$37.1M	$37.8M	$37.8M
Other assets	$215.0M	$217.6M	$226.2M	$148.8M
Total assets	$6.6B	$6.6B	$6.7B	$7.7B
Non-interest bearing	$1.1B	$1.1B	$1.1B	$1.1B
Interest bearing	$4.3B	$4.3B	$4.4B	$4.6B
Total deposits	$5.4B	$5.4B	$5.5B	$5.7B
Short and long term borrowings	$223.0M	$225.8M	$247.2M	$975.4M
Subordinated notes, net	$98.3M	$98.3M	$154.0M	$55.8M
Junior subordinated debentures issued to capital trusts	$57.8M	$57.7M	$57.6M	$57.6M
Interest payable	$10.9M	$8.5M	$12.4M	$14.0M
Other liabilities	$57.8M	$52.5M	$59.6M	$58.6M
Total liabilities	$5.8B	$5.9B	$6.1B	$6.9B
Preferred stock	$0	$0	$0	$0
Common stock	$0	$0	$0	$0
Additional paid-in capital	$460.6M	$459.8M	$458.7M	$360.8M
Retained earnings	$289.6M	$272.9M	$236.3M	$466.5M
Accumulated other comprehensive loss	($24.0M)	($33.7M)	($34.3M)	($36.4M)
Total stockholders’ equity	$726.2M	$699.0M	$660.8M	$790.9M
Total liabilities and stockholders’ equity	$6.6B	$6.6B	$6.7B	$7.7B

Cash flow statement

HORIZON BANCORP INC /IN/ cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	($150.5M)	$35.4M	$28.0M	$93.4M
Provision for credit losses	$1.9M	$5.4M	$2.5M	($1.8M)
Depreciation and amortization	$10.3M	$10.3M	$10.9M	$10.8M
Share based compensation	$1.6M	$4.6M	$3.6M	$2.5M
Amortization of mortgage servicing rights	$2.1M	$2.0M	$1.0M	$2.3M
Net amortization of premiums and discounts on securities	$2.4M	$8.4M	$10.1M	$12.1M
Purchases of securities held for trading	($6.0M)	—	—	—
Proceeds from maturities of securities held to maturity	$2.1M	—	—	—
Deferred income taxes	($85.5M)	($17.0M)	($3.3M)	$2.2M
Loss on sale of investment securities	$299.5M	$39.1M	$32.1M	$0
Gain on sale of mortgage loans	($4.8M)	($4.2M)	($4.3M)	($7.2M)
Net loss on sale of portfolio loans	$324.0K	—	—	—
Proceeds from sales of loans	$164.5M	$435.5M	$145.9M	$225.9M
Loans originated for sale	($164.8M)	($499.7M)	($138.4M)	($215.2M)
Gain on cash value life insurance	($2.0M)	($1.3M)	($3.7M)	($2.6M)
Gain on other real estate owned	($69.0K)	($450.0K)	($300.0K)	($722.0K)
Interest receivable	$10.0M	($1.0M)	($3.4M)	($9.2M)
Interest payable	$1.8M	($11.1M)	$16.9M	$3.1M
Other assets	$21.9M	($9.7M)	$13.2M	($14.0M)
Other liabilities	($25.6M)	$10.1M	($21.7M)	($4.8M)
Net cash provided by operating activities	$79.2M	$6.4M	$88.9M	$94.4M
Purchases of securities available for sale	($591.8M)	$0	($1.5M)	($180.2M)
Proceeds from sales of securities available for sale	$1.4B	$293.1M	$439.3M	—
Proceeds from maturities, calls and principal repayments of securities available for sale	$55.1M	$16.7M	$29.4M	$69.1M
Purchases of securities held to maturity	$0	($312.0K)	($10.1M)	($430.5M)
Proceeds from maturities of securities held to maturity	$63.8M	$71.6M	$80.2M	$73.0M
Net change in interest-earning time deposits	$735.0K	$1.5M	$607.0K	$2.0M
Purchase of FHLB stock	($301.0K)	($19.3M)	($7.8M)	($2.4M)
Redemption of FHLB stock	$8.4M	$0	$0	$198.0K
Purchase of loans	$0	($240.0M)	($124.9M)	($55.2M)
Proceeds from sale of portfolio loans	$228.9M	—	—	—
Net change in loans	($193.9M)	($217.1M)	($140.5M)	($448.3M)
Proceeds on the sale of OREO and repossessed assets	$895.0K	$2.0M	$3.0M	$5.3M
Premises and equipment expenditures	($5.0M)	($5.1M)	($7.8M)	($6.4M)
Proceeds from bank owned life insurance	$2.7M	$44.0M	$69.8M	$3.6M
Net cash provided by (used in) investing activities	$979.5M	($52.8M)	$329.5M	($1.0B)
Net change in deposits	($325.2M)	($64.2M)	($192.9M)	$54.8M
Proceeds from borrowings	$140.3M	$512.8M	$866.1M	—
Repayment of borrowings	($1.1B)	($563.5M)	($654.2M)	—
Net change in repurchase agreements	($1.4M)	($46.1M)	($1.8M)	$7.1M
Proceeds from issuance of subordinated notes, net	$98.2M	—	—	$0
Repayment of subordinated notes	($56.5M)	$0	($3.1M)	—
Net settlement of share awards	($4.1M)	($1.4M)	($1.2M)	($1.8M)
Proceeds from sale of SERP shares	0	4.1M	—	—
Proceeds from issuance of common stock, net	$98.0M	—	—	$0

HORIZON BANCORP INC /IN/ cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$51.1M	$26.2M	($177.4M)	$44.6M
Provision for credit losses	$1.3M	$391.0K	$266.0K	$3.8M
Depreciation and amortization	$5.4M	$2.9M	$9.6M	$4.9M
Share based compensation	$1.1M	$556.0K	$1.2M	$846.0K
Amortization of mortgage servicing rights	$1.1M	$579.0K	$1.6M	$1.0M
Net (accretion of discounts) or amortization of premiums on securities	($1.6M)	($1.2M)	($1.2M)	$3.7M
Purchases of securities held for trading	($9.6M)	($5.0M)	($598.0K)	—
Proceeds from maturities, calls and principal repayments of securities, held for trading	$9.7M	$4.9M	—	—
Loss on sale of investment securities	$0	$0	$299.5M	$407.0K
Gain on sale of mortgage loans	($2.7M)	($1.1M)	($3.5M)	($2.3M)
Net gain on sale of portfolio loans	$0	$0	$324.0K	($7.0M)
Proceeds from sales of loans	$88.1M	$39.1M	$114.3M	$61.5M
Loans originated for sale	($92.5M)	($40.9M)	($114.6M)	($61.8M)
Gain on cash value life insurance	($678.0K)	($333.0K)	($1.1M)	($681.0K)
Gain on other real estate owned	($95.0K)	($51.0K)	($77.0K)	($69.0K)
Interest receivable	($644.0K)	$718.0K	$11.0M	$17.0K
Interest payable	($2.0M)	($4.4M)	$1.3M	$2.9M
Other assets	$3.2M	$1.2M	($73.0M)	$4.8M
Other liabilities	$2.8M	($2.8M)	($21.9M)	($21.9M)
Net cash provided by operating activities	$53.9M	$20.8M	$45.7M	$34.7M
Purchases of securities available for sale	($60.9M)	($33.4M)	($583.5M)	—
Proceeds from sales of securities available for sale	$0	$0	$1.4B	$4.1M
Proceeds from maturities, calls and principal repayments of securities available for sale	$42.1M	$17.9M	$32.3M	$1.1M
Proceeds from maturities of securities held to maturity	$0	$0	$63.8M	$40.6M
Net change in interest-earning time deposits	$0	$0	$735.0K	$735.0K
Redemption of FHLB stock	$38.3M	$0	$8.4M	$8.4M
Proceeds from sale of portfolio loans	$0	$0	$228.9M	$55.0M
Net change in loans	($84.1M)	($2.2M)	($131.8M)	($122.9M)
Proceeds on the sale of OREO and repossessed assets	$1.8M	$555.0K	$623.0K	$510.0K
Premises and equipment expenditures	($1.9M)	($56.0K)	($4.0M)	($2.5M)
Proceeds from bank owned life insurance	$0	$0	$748.0K	$376.0K
Net cash used in investing activities	($64.7M)	($17.2M)	$1.0B	($14.5M)
Net change in deposits	$124.8M	$146.9M	($79.8M)	$99.1M
Proceeds from borrowings	$156.2M	$150.1M	$139.9M	$370.0M
Repayment of borrowings	($156.4M)	($150.3M)	($1.1B)	($632.0M)
Net change in repurchase agreements	($19.2M)	($22.5M)	($2.9M)	$5.2M
Net settlement of share awards	$0	$0	($4.1M)	($3.8M)
Exercise of stock options	$283.0K	—	—	—
Dividends paid on common stock	($16.5M)	($8.2M)	($21.3M)	($14.2M)
Net cash provided by (used in) financing activities	$89.3M	$116.0M	($906.6M)	($175.8M)
Net Change in Cash and Cash Equivalents	$78.5M	$119.6M	$164.8M	($155.5M)
Cash and Cash Equivalents, Beginning of Period	$139.5M	$139.5M	$293.4M	$293.4M
Cash and Cash Equivalents, End of Period	$217.9M	$259.1M	$458.3M	$137.9M
Interest paid	$51.5M	$28.8M	$106.2M	$70.2M
Income taxes paid	$254.0K	$0	$20.3M	$12.3M

HORIZON BANCORP INC /IN/ score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.