---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-23-000002"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:57:26.685733+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706129-23-000002
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612923000002/0000706129-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612923000002/hbnc-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-23-000002
- JSON: https://secwatch.observer/filing/0000706129-23-000002.json
- Plain text: https://secwatch.observer/filing/0000706129-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000002/0000706129-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.