Horizon Bancorp reports record annual net income of $93.4M in 2022; Q4 EPS $0.48

HORIZON BANCORP INC /IN/

2022-FY EPS reported $2.14

FY 2022 net income $93.4M ($2.14 diluted EPS), up from $87.1M ($1.98) in 2021.
Q4 net income $21.2M ($0.48 diluted EPS) versus $23.8M ($0.55) linked quarter and $21.4M ($0.49) year ago.
Total loans grew 13.4% YTD; commercial loans reached record $2.42B, up 13.4% YTD.
Net interest margin declined to 2.85% in Q4 from 3.04% in Q3, pressured by higher deposit costs.
Immaterial revision of Q3 2022 financials reclassifies dealer reserve amortization between interest income and non-interest expense.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HORIZON BANCORP INC /IN/ reported the three months ended December 31, 2022 results: net income $21.2 million, EPS $0.48.

Period: the three months ended December 31, 2022
Net income: $21.2 million
EPS: $0.48
Result: reported results

Exact text from the filing

Net income totaled $21.2 million, compared to $23.8 million in the third quarter and $21.4 million in the prior year period. Diluted earnings per share (“EPS”) was $0.48 compared to $0.55 for the third quarter of 2022 and $0.49 for the fourth quarter of 2021.

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Source: SEC EDGAR

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