Horizon Bank

What Horizon Bank does

Horizon Bank, operated through publicly traded holding company Horizon Bancorp, Inc. (NASDAQ: HBNC), is a regional community bank founded in 1873 and headquartered in Michigan City, Indiana. The bank serves individual consumers, small to mid-size businesses, and wealth management clients across Northern and Central Indiana and Southwest Michigan, operating an integrated multi-channel distribution model that combines physical branches, Interactive Teller Machines (video banking ITMs), MoneyPass surcharge-free ATM access, online and mobile banking, and 24/7 telephone banking.

The product platform spans core deposit products (Everyday, Relationship, Student, Fresh Start, and business checking; personal, money market, business, and IRA savings; CDs and HSA), a full consumer and commercial lending book (mortgages including FHA/VA/USDA/HomeReady, home equity, auto, personal loans, business term loans and lines, SBA loans, equipment finance, franchise financing, medical practice financing, and public fund financing), treasury management services (Remote Deposit Capture, ACH Origination, wire transfers, merchant processing, Positive Pay, Smart Safe, LockBox), and a wealth management line (investment management, financial planning, estate and trust services, insurance, and retirement services). Digital feature layers include EnFact 24/7 fraud monitoring, CardValet card controls, CreditAdvisor credit monitoring (powered by SavvyMoney), Zelle P2P payments, and Apple/Google/Samsung Pay tokenization.

The business model is a traditional spread-driven community bank. Net interest income is the primary revenue engine, generated on a $4.9 billion loan portfolio (Q4 2025) at a Q1 2026 net interest margin of 4.29%, supplemented by non-interest income from deposit account fees, ATM and overdraft charges, and recurring wealth management fees. As of June 2025, total assets stood at $7.7 billion; the company employs between 501 and 1,000 staff and has paid dividends for 40 consecutive years. Capital structure was reinforced in August 2025 with a $100 million Tier 2 subordinated notes placement and a $103.5 million public equity offering, supporting balance sheet repositioning and continued lending growth.

Name

Horizon Bank

Legal name

Horizon Bancorp, Inc.

Website

https://horizonbank.com

Company type

Public

Founded year

1874

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Horizon Bank is a publicly traded community bank (NASDAQ: HBNC) serving Northern and Central Indiana and Southwest Michigan. Founded in 1873, it delivers personal, business, SBA, and wealth management banking through branches, ITMs, and digital channels, with $7.7B in total assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Personal and business banking
• Commercial lending products
• Wealth management services
• Mortgage and consumer loans

Headquarters

HQ city

Michigan City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loans (mortgages, commercial loans, consumer loans, credit cards) minus interest paid on deposits. The bank had total loans of $4.9 billion as of Q4 2025 with commercial loan growth of 9% annualized.
2. Non-Interest Income: Fee income from deposit account service charges, ATM fees, overdraft fees, and other banking service fees
3. Wealth Management Services: Revenue from trust management, financial planning, investment management, insurance services, and retirement account services

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Horizon Bank is a community bank that delivers deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial lending products (mortgages, home equity, auto, personal, business, SBA, equipment, franchise, and medical practice financing), treasury management services, and wealth management and trust services. It operates across Indiana and Michigan through branches, interactive teller machines (ITMs), online and mobile banking, and telephone banking.

Product overview

Horizon Bank offers a comprehensive regional banking platform with multiple product lines serving personal, business, and wealth management customers. The core banking platform consists of deposit products (checking, savings, money market, CDs, IRAs) and lending products (mortgages, home equity, auto loans, personal loans). Digital banking is delivered through Online & Mobile Banking as the central hub, with sub-features including CreditAdvisor for credit monitoring, EnFact for fraud protection, CardValet for card controls, Mobile Check Deposit, and Zelle for P2P payments. Business banking extends the platform with Treasury Management services (Remote Deposit Capture, ACH Origination, Wire Transfers, Merchant Processing, Positive Pay), specialized lending (SBA Loans, Equipment Finance, Franchise Financing), and Business Online Banking with QuickBooks integration. Wealth Management services include investment management, financial planning, estate services, and retirement planning. The bank operates across Indiana and Michigan with branch, ATM, and video banking (ITM) access points.

Differentiator

Problem solved

Functional benefit

Brands

• Horizon Bank: The primary commercial banking brand operating under Horizon Bancorp, Inc., offering personal banking, business banking, and wealth management services.

Products and services

• Everyday Checking

Quantifiable outcome

• 11% annualized deposit growth
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and strategic.

• MoneyPasscoreTechnology or IntegrationPartnership with MoneyPass ATM network providing customers access to over 40,000 surcharge-free ATMs nationwide. Customers can use any MoneyPass ATM to access cash without incurring surcharges from Horizon Bank.
• MastercardcoreTechnology or IntegrationPartnership for debit card processing and acceptance. Horizon Bank issues Mastercard-branded debit cards accepted worldwide at millions of merchant locations.
• Apple PaycoreTechnology or IntegrationDigital wallet integration allowing customers to add Horizon Bank debit cards to Apple Pay for contactless payments using iPhone and Apple Watch devices.
• Google WalletcoreTechnology or IntegrationDigital wallet integration allowing customers to add Horizon Bank debit cards to Google Wallet for contactless Android payments.
• Samsung PaycoreTechnology or IntegrationDigital wallet integration allowing customers to add Horizon Bank debit cards to Samsung Pay for contactless payments using Samsung devices.
• ZellecoreTechnology or IntegrationPartnership for peer-to-peer payment services integrated into mobile banking, allowing customers to send and receive money to friends and family.
• Michigan State Housing Development Authority (MSHDA)strategicStrategic or Co-development PartnerPartnership offering down payment assistance programs up to $10,000 for qualified homebuyers in Michigan, with 0% interest and no monthly payments.
• Fannie MaestrategicStrategic or Co-development PartnerPartnership for HomeReady mortgage program and HomePride Plus loan products, supporting affordable homeownership initiatives.
• U.S. Small Business Administration (SBA)strategicStrategic or Co-development PartnerSBA lender providing small business loans and participating in SBA programs. Horizon Bank earned recognition at the SBA Michigan District Lender Awards in 2026.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• 1st Source Corporation: Indiana-based community bank holding company of comparable size with personal, business, and wealth banking lines, serving overlapping Northern Indiana markets including South Bend. Closest direct geographic and product analog to Horizon.
• First Merchants Corporation: Indiana-headquartered regional bank holding company with a comparable mix of commercial, retail, and wealth management services and overlapping footprint across Indiana and adjacent Midwest markets.
• Lakeland Financial Corporation: Lakeville, Indiana-based bank holding company (Lake City Bank) operating a community-banking model with commercial and consumer lending, very similar in product mix and Indiana-centric geographic focus to Horizon.
• German American Bancorp: Indiana-headquartered community bank with personal, business, and wealth services operating across Southern Indiana and adjacent markets; comparable product set and target customer profile with Horizon's Indiana franchise.
• Old National Bancorp: Midwest regional bank holding company with significant Indiana presence offering commercial, consumer, and wealth services at a somewhat larger scale than Horizon. Direct competitor in many Indiana MSAs.
• Independent Bank Corporation: Michigan-based community bank holding company offering retail and commercial banking across Michigan markets; directly comparable to Horizon's Michigan operations and product mix.
• Mercantile Bank Corporation: Michigan-focused community bank with retail, commercial lending, and treasury management services; closely comparable in geographic focus and product line to Horizon's Michigan operations.
• Civista Bancshares: Ohio-headquartered community bank serving Ohio, Indiana, and Kentucky with a similar mix of deposit and commercial lending products; comparable Midwest community-bank profile though primarily outside Horizon's core footprint.

Regional players

• First Financial Corporation: Indiana-based bank holding company with consumer, commercial, and wealth lines serving Indiana and adjacent states; comparable in scale and community-banking orientation, with somewhat less Michigan overlap.

Broad incumbents

• Huntington Bancshares: Large Midwest regional bank with deep Indiana and Michigan presence offering commercial, consumer, and wealth banking; a much larger incumbent that competes with Horizon across most of its geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/horizon_bank
• Facebookfacebook.com/myhorizonbank
• LinkedInlinkedin.com/company/horizon-bank_3

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horizon Bank