secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000706129-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612923000002/0000706129-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612923000002/hbnc-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000706129-23-000002

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