Horizon Bancorp (NASDAQ: HBNC) is a bank holding company incorporated in Indiana that provides banking services across northern Indiana and surrounding markets. The company makes money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings, supplemented by non-interest income from service charges, interchange fees, wire transfer fees, fiduciary activities, mortgage loan sales, and mortgage servicing. Horizon operates through its subsidiary bank and had total assets of $6.4 billion as of December 31, 2025, down from $7.8 billion as of December 31, 2024. The loan portfolio included residential real estate loans of $772.4 million (15.8% of total loans as of December 31, 2025) and a commercial real estate book with the largest single concentration in multi-family lessor loans at approximately 9% of total commercial loans. CEO Thomas M. Prame and CFO John R. Stewart signed the 10-K filed March 13, 2026. The company is headquartered in Michigan City, Indiana.

Revenue model

Net interest income from loans and investment securities, plus non-interest income including service charges on deposits, interchange fees, wire transfer fees, fiduciary activities, gain on sale of mortgage loans, mortgage servicing income, and bank-owned life insurance income.

Products and services

Commercial loans, commercial real estate loans (non-owner occupied and owner occupied), residential real estate loans, time deposits, interest-bearing demand deposits, savings and money market deposits, mortgage loan origination and sale, mortgage servicing, fiduciary services, wire transfers, interchange fee-generating deposit accounts.

Customers and end markets

Retail banking customers, commercial borrowers including real estate lessors (multi-family, warehouse and industrial, retail, motel, non-medical office), residential mortgage borrowers, and fiduciary clients in northern Indiana and surrounding geographies.

Value-chain role

Deposit-funded community bank lending to retail and commercial borrowers; secondary market mortgage originator and servicer; fiduciary services provider.

Geographic exposure

Northern Indiana, headquartered in Michigan City, Indiana, as disclosed in the 10-K filed March 13, 2026.

Source: SEC 10-K, filed 2026-03-13

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