Horizon Bancorp approves $0.16 per share dividend

Horizon Bancorp , Inc. (NASDAQ:HBNC) announced Wednesday that its Board of Directors has approved a quarterly dividend of $0.16 per share. The dividend will be payable on July 18, 2025, to stockholders of record as of July 3, 2025. According to InvestingPro data, the company has maintained dividend payments for 39 consecutive years, with a current dividend yield of 4.43%.

The Indiana-based financial institution, headquartered in Michigan City, made the announcement in an 8-K filing with the Securities and Exchange Commission. The filing was submitted on June 18, 2025, following the board’s approval of the dividend on June 17.

Horizon Bancorp operates as a state commercial bank and provides various banking services. The company trades on the NASDAQ Stock Market under the ticker symbol HBNC.

The announcement represents a routine quarterly dividend declaration by the company’s board of directors. The filing was signed by John R. Stewart, CFA, who serves as Executive Vice President and Chief Financial Officer of Horizon Bancorp.

This information is based on the company’s SEC filing dated June 18, 2025.

In other recent news, Horizon Bancorp reported robust financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.54, exceeding the forecasted $0.41, and generated $69.17 million in revenue, outpacing the expected $64.52 million. This marks the sixth consecutive quarter of net interest margin expansion, now at 3.04%. Additionally, Horizon Bancorp launched a new equipment finance division and expanded its mortgage lending team, contributing to a 14% annualized growth in commercial loans.

The company also made significant changes to its Board of Directors, expanding from 11 to 13 members. Michele A. Samuels and Brian C. Walker were appointed as new directors, with Samuels joining the Audit Committee and Walker serving on the Compensation Committee. Furthermore, Michele M. Magnuson was appointed as the new Chair of the Corporate Governance and Nominating Committee.

These developments reflect Horizon Bancorp’s strategic focus on strengthening its governance and expanding its business operations. The company’s future outlook remains positive, with expectations for mid-single-digit loan growth and net interest income growth in the mid-teens for 2025. Analysts from firms such as KBW and Piper Sandler have shown interest in Horizon Bancorp’s strategic initiatives and financial performance.

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