HORIZON BANCORP INC /IN/ (HBNC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 18.66% (2 years)

Historical Dilution Factor: moderate recent dilution

Outstanding Shares

51M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

HBNC currently has 51.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 18.66% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 08, 2026	10-Q filing \| 51.2M shares outstanding	51M	0
Mar 13, 2026	10-K filing \| 46.5M shares outstanding	46M	0
Nov 10, 2025	10-Q filing \| 47.3M shares outstanding	47M	0
Aug 11, 2025	10-Q filing \| 44.0M shares outstanding	44M	0
May 08, 2025	10-Q filing \| 44.0M shares outstanding	44M	0
Mar 14, 2025	10-K filing \| 44.1M shares outstanding	44M	0
Nov 12, 2024	10-Q filing \| 43.7M shares outstanding	44M	150K
Oct 02, 2024	S-3/A filing: This is an S-3/A filing by Horizon Bancorp, Inc. filed on 2024-10-02, which is an amendment to a previous registration statement and includes hyperlinks for exhibits.	44M	150K
Sep 30, 2024	S-3/A filing: Horizon Bancorp, Inc. may offer and sell from time to time, together or separately, in one or more offerings, any combination of common stock, preferred stock, depositary shares, debt securities, purchase contracts. The maximum aggregate initial public offering price of the securities offered through this prospectus is $250,000,000.	44M	150K
Sep 23, 2024	S-3 filing: Horizon Bancorp, Inc. is filing an S-3 to offer and sell from time to time, together or separately, any combination of common stock, preferred stock, depositary shares, debt securities, and purchase contracts up to a maximum aggregate initial public offering price of $250,000,000.	44M	150K
Aug 09, 2024	10-Q filing \| 43.7M shares outstanding	44M	150K
May 10, 2024	10-Q filing \| 43.9M shares outstanding	44M	0
Mar 15, 2024	10-K filing \| 43.8M shares outstanding	44M	19K
Nov 09, 2023	10-Q filing \| 43.8M shares outstanding	44M	66K
Aug 08, 2023	10-Q filing \| 43.7M shares outstanding	44M	120K
May 10, 2023	10-Q filing \| 43.7M shares outstanding	44M	120K
Mar 15, 2023	10-K filing \| 43.6M shares outstanding	44M	290K
Nov 09, 2022	10-Q filing \| 43.7M shares outstanding	44M	160K
Aug 08, 2022	10-Q filing \| 43.6M shares outstanding	44M	290K
May 05, 2022	10-Q filing \| 43.6M shares outstanding	44M	310K
Mar 09, 2022	10-K filing \| 43.8M shares outstanding	44M	60K
Nov 08, 2021	10-Q filing \| 43.8M shares outstanding	44M	52K
Aug 03, 2021	10-Q filing \| 44.0M shares outstanding	44M	0
Apr 30, 2021	10-Q filing \| 43.9M shares outstanding	44M	0
Feb 26, 2021	10-K filing \| 44.0M shares outstanding	44M	0
Jan 07, 2021	S-3 filing: Horizon Bancorp, Inc. may offer and sell common stock, preferred stock, depositary shares, debt securities, warrants, rights, units, and purchase contracts, with a maximum aggregate initial public offering price of $250,000,000.	44M	0
Nov 02, 2020	10-Q filing \| 43.9M shares outstanding	44M	0
Aug 04, 2020	10-Q filing \| 43.8M shares outstanding	44M	0
May 11, 2020	10-Q filing \| 44.7M shares outstanding	45M	0
Feb 28, 2020	10-K filing \| 43.6M shares outstanding	44M	0

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