Horizon Bancorp Inc cash flow statement

In fiscal 2025, Horizon Bancorp Inc's operations generated $79.2m of cash; it spent $5.0m on capital projects, leaving free cash flow of $74.3m. It returned $29.5m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Horizon Bancorp Inc: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	15	25	22	26	47	18	35	26	49	72	174	79	106	94	89	6	79	98
Depreciation and amortisation	2	2	3	3	3	4	4	5	6	7	10	9	10	11	11	10	10	11
Stock-based pay	0	0	0	0	0	0	0	0	0	0	0	1	2	2	4	5	2	2
Capital spending	4	2	2	7	6	6	6	1	3	3	5	6	1	6	8	5	5	4
Free cash flow	11	22	20	19	41	11	30	24	46	69	170	73	105	88	81	1	74	94
Free cash flow after stock pay	11	22	20	19	41	11	29	24	46	69	170	72	103	85	78	−3	73	92
Dividends paid	2	2	2	3	4	5	6	8	12	15	21	21	25	28	28	28	29	32
Share buybacks	—	—	—	—	—	—	—	—	—	—	—	20	8	0	0	0	—	—
Shares issued	0	0	0	0	0	0	4	1	2	1	2	1	0	0	0	0	98	—

US$ millions unless shown otherwise. Fiscal quarters.

Horizon Bancorp Inc: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	32	−48	15	20	11	34	21	33
Depreciation and amortisation	3	3	2	2	5	1	3	3
Stock-based pay	1	2	0	0	0	0	1	1
Capital spending	1	2	1	1	2	1	0	2
Free cash flow	31	−50	14	18	9	33	21	31
Free cash flow after stock pay	30	−52	14	18	9	32	20	31
Shares issued	—	0	—	—	—	0	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Horizon Bancorp Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Horizon Bancorp Inc.