Horizon Bancorp, Inc. has announced the successful closing of a common stock offering, which included the sale of 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 before deducting underwriting discounts and estimated offering expenses. This offering, which was made pursuant to a shelf registration statement, also included 931,050 shares sold through the underwriters' option to purchase additional shares, which was exercised in full.
The company plans to use the net proceeds from the offering for general corporate purposes, including potential repositioning of its balance sheet.
Horizon Bancorp, Inc. is a $7.7 billion-asset commercial bank holding company that serves customers across diverse Midwestern markets. As of June 30, 2025, their retail offerings included prime residential and other secured consumer lending, personal banking, wealth management solutions, business banking, and treasury management services. Commercial lending represented over half of the total loans.
The joint book-running managers for the offering were Keefe, Bruyette & Woods, Inc., a Stifel company, and Performance Trust Capital Partners, LLC.
The press release emphasized that the offering does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Today the company's shares have moved 3.37% to a price of $15.65. If you want to know more, read the company's complete 8-K report here.
