Horizon Bancorp, Inc. has just closed a common stock offering, selling 7,138,050 shares of its common stock at a price of $14.50 per share. The offering, including 931,050 shares sold pursuant to the underwriters’ option to purchase additional shares, generated approximately $103.5 million in gross proceeds.
The company intends to use the net proceeds for general corporate purposes, including supporting the potential repositioning of its balance sheet. Keefe, Bruyette & Woods, Inc., a Stifel company, and Performance Trust Capital Partners, LLC acted as joint book-running managers for the offering.
As of June 30, 2025, Horizon Bancorp, Inc. is a $7.7 billion-asset commercial bank holding company for Horizon Bank. It provides a range of personal banking and wealth management solutions, in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally. Commercial lending represents over half of its total loans.
For more information on Horizon Bancorp, Inc., visit horizonbank.com and investor.horizonbank.com. Following these announcements, the company's shares moved 3.37%, and are now trading at a price of $15.65. Check out the company's full 8-K submission here.
