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Horizon Bancorp ( (HBNC) ) has provided an announcement.
On March 3, 2026, Horizon Bancorp, Inc. said it will eliminate the role of Chief Administration Officer at both the company and Horizon Bank, leading to the departure of Executive Vice President and Chief Administration Officer Mark E. Secor on March 31, 2026. The company emphasized that Secor’s exit is not due to any dispute over financial or accounting matters, and the move signals a streamlining of its executive structure that may modestly reshape internal oversight and administrative responsibilities.
In connection with his departure, Horizon expects to execute a standard release and confidentiality agreement with Secor, under which he will receive severance consistent with the bank’s general severance policy and a pro-rated 2026 executive bonus at target through March 31. The severance package, including pay capped at 13 weeks and bonus treatment, aligns his exit with existing employee frameworks, aiming to manage leadership transition while signaling continuity and stability to employees and other stakeholders.
The most recent analyst rating on (HBNC) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Horizon Bancorp stock, see the HBNC Stock Forecast page.
Spark’s Take on HBNC Stock
According to Spark, TipRanks’ AI Analyst, HBNC is a Neutral.
The score is held back primarily by the severe 2025 income statement deterioration and weak technical setup (below key moving averages with low RSI/Stoch). Offsetting these, the earnings call was constructive with improved profitability/margin momentum and favorable 2026 guidance, while valuation is mixed due to a negative P/E but a moderate dividend yield.
To see Spark’s full report on HBNC stock, click here.
More about Horizon Bancorp
Horizon Bancorp, Inc. is a bank holding company whose primary business is conducted through its wholly owned Indiana-chartered commercial bank subsidiary, Horizon Bank. The company focuses on providing traditional commercial banking products and services, including lending and deposit solutions, to customers in its regional markets.
Average Trading Volume: 397,935
Technical Sentiment Signal: Buy
Current Market Cap: $867.1M
See more data about HBNC stock on TipRanks’ Stock Analysis page.