Short answer
HORIZON BANCORP INC /IN/ (HBNC) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 8.01 (Other Events). Jury verdict against Horizon Bank, with total damages approaching $3.0 million, including $2.5 million punitive damages.
HORIZON BANCORP INC /IN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Jury verdict against Horizon Bank, with total damages approaching $3.0 million, including $2.5 million punitive damages
- Approximately $3.0 million pre-tax second-quarter expense to increase the existing litigation reserve
- Company plans to appeal, with reserve maintained until the appeal concludes
- Indirect auto originations discontinued in 2023 and most remaining exposure exited in 2024
- Management sees no broader liability or disruption to its core community banking model
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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