04:12 PM EDT, 08/20/2025 (MT Newswires) -- Horizon Bancorp ( HBNC ) said Wednesday it has executed an underwritten public offering of shares of its common stock.

The company said it plans to give the underwriters a 30-day option to buy up to an additional 15% of the shares of its common stock sold in the offering.

The bank holding company expects to use proceeds for general corporate purposes, including support a potential restructuring of its balance sheet, it added.