Horizon Bancorp, Inc. (HBNC)

In the past six months, Horizon Bancorp reported strong third-quarter 2025 results and executed a balance sheet repositioning, including a public offering of common stock and the closing of a subordinated notes offering. Activist investor PL Capital, holding approximately 3% of Horizon Bancorp, publicly urged the regional bank to seek a buyer due to dissatisfaction with a 2021 acquisition and subsequent stock dilution. Larry S. Magnesen was appointed as an Independent Director. The company scheduled a conference call to review its third-quarter 2025 financial results, and previously held one for its second-quarter results. HBNC's stock has shown stable weekly volatility and has not experienced significant price volatility in the past three months compared to the broader U.S. market.

No specific information regarding demand seasonality for Horizon Bancorp, Inc.'s products and services was found. While general banking services may not exhibit strong seasonality, certain products like mortgages could experience seasonal fluctuations.

Horizon Bancorp, Inc. (HBNC) is a publicly traded financial holding company headquartered in Michigan City, Indiana, operating as the parent company of Horizon Bank, which was established in 1873. Horizon Bank is a regional bank primarily serving communities in Indiana and Michigan, operating within the Finance sector, specifically in the Major Banks industry, with its core business segment being commercial banking. Horizon Bancorp offers personal banking services such as checking and savings accounts, personal loans, and mortgage solutions. They also provide business banking services including commercial lending and treasury management. Additionally, they offer wealth management services like investment advisory and retirement planning, as well as mortgage banking services and other services such as trust and agency services.

Horizon Bancorp's primary geographic footprint is concentrated in Indiana and Michigan, with Horizon Bank branches strategically located in 39 counties across these two states. While its branch network is regional, the company's equipment financing solutions are offered to customers regionally and nationally.

Horizon Bank has received positive feedback from customers, highlighting great communication, attentiveness, responsiveness, patience, efficiency, and knowledge from their advisors. However, the company's reputation has also been impacted by an activist investor, PL Capital, publicly urging Horizon Bancorp to consider a sale due to perceived missteps from a 2021 acquisition and subsequent stock dilution.

Institutional investors are the primary owners of Horizon Bancorp, Inc., holding 65.99% of shares as of May 2025, with major institutional shareholders including BlackRock, Inc. and The Vanguard Group, Inc. Insider ownership stands at 2.16% as of May 2025.