Brian Martin

Damon Del Monte

Nathan Race

Brendan Nosal

David Long

Terence McEvoy

Terry McEvoy

- Horizon Bancorp, Inc. successfully completed a public offering of common stock on August 22, 2025, generating **$98.6 million** in net proceeds from **7,138,050 shares**.  **[706129_0000706129-25-000157_projectolympiapressrelease.htm:1]** 
- On August 29, 2025, the company closed on **$100,000,000** in fixed-to-floating rate subordinated notes due 2035, with a fixed interest rate of **7.00%** until September 15, 2030, which was favorable compared to initial expectations.  **[706129_0000706129-25-000157_projectolympiapressrelease.htm:1]** 
- Horizon sold approximately **$1.7 billion** of securities, realizing a pre-tax loss of **$299.1 million** (favorable to initial expectations), and pre-paid **$700 million** of FHLB puttable advances with a **$12.7 million** penalty (also favorable to expectations).  **[706129_0000706129-25-000157_projectolympiapressrelease.htm:1]** 
- The company redeployed approximately **$600 million** of proceeds into investment securities yielding **5.27%** on a tax-equivalent basis and plans to sell approximately **$190 million** of indirect auto loans and reduce over **$125 million** in non-core deposit balances by the end of Q3 2025.  **[706129_0000706129-25-000157_projectolympiapressrelease.htm:1]**

Horizon Bancorp, Inc. Announces Successful Balance Sheet Repositioning

- Horizon Bancorp, Inc. completed a public offering of common stock, generating **$98.6 million** in net proceeds, and issued **$100 million** in fixed-to-floating rate subordinated notes due 2035 at a **7.00%** fixed interest rate until September 2030.  **[706129_2f0f767a64e946858cc09fb19470a9ee_1]** 
- The company sold approximately **$1.7 billion** of securities, incurring a pre-tax loss of **$299.1 million**, and used the liquidity to pre-pay **$700 million** of FHLB puttable advances.  **[706129_2f0f767a64e946858cc09fb19470a9ee_1]** 
- Horizon Bancorp redeployed **$600 million** of proceeds into investment securities yielding **5.27%** on a tax-equivalent basis and has signed non-binding letters of intent to sell approximately **$190 million** of indirect auto loans by the end of September 2025.  **[706129_2f0f767a64e946858cc09fb19470a9ee_1]** 
- The company has provided redemption notification for its previously outstanding subordinated notes, with an aggregate principal amount of **$56.5 million** as of June 30, 2025, and anticipates reducing over **$125 million** of non-core, higher-cost transactional deposit balances within the third quarter of 2025.  **[706129_2f0f767a64e946858cc09fb19470a9ee_1]**

HORIZON BANCORP INC /IN/ (HBNC)