Horizon Bancorp Inc. Closes Common Stock Offering

By Ahmed Jameison • Saturday, August 23 06:03 • Permanent Link

Horizon Bancorp, Inc. has just announced the closing of a common stock offering, which included 7,138,050 shares of its common stock at a price of $14.50 per share. The total gross proceeds from the offering were approximately $103.5 million.

The company intends to use the net proceeds for general corporate purposes, including supporting the potential repositioning of its balance sheet.

As of June 30, 2025, Horizon Bancorp, Inc. is a $7.7 billion-asset commercial bank holding company for Horizon Bank. The company serves customers across Midwestern markets and offers a range of retail and business banking services, with commercial lending representing over half of total loans.

This announcement marks a significant financial move for Horizon Bancorp, Inc. as it looks to utilize the proceeds to bolster its corporate position and potentially reposition its balance sheet. Following these announcements, the company's shares moved 2.77%, and are now trading at a price of $15.56. Check out the company's full 8-K submission here.

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