Horizon Bancorp Q1 2023 EPS $0.42, net income $18.2M; CEO succession announced

HORIZON BANCORP INC /IN/

2023-Q1 EPS reported $0.42

Diluted EPS $0.42 vs $0.48 in Q4 2022; net income $18.2M, down from $21.2M.
Deposits $5.70B, down $155.8M QoQ; loans $4.25B, up 2.1% QoQ.
Net interest margin 2.67%, down from 2.85% in Q4 2022; non-interest expense $34.5M, down 3.3% QoQ.
Tangible book value per share $12.17, up from $11.59 in Q4 2022.
Thomas M. Prame to become CEO effective June 1, 2023; Craig M. Dwight to retire as employee July 3 but remain Chairman.

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 March 31, 2023 results: net income $18.2 million, EPS $0.42.

Period: the three months ended March 31, 2023
Net income: $18.2 million
EPS: $0.42
Result: reported results

Exact text from the filing

Net income totaled $18.2 million, compared to $21.2 million in the fourth quarter of 2022 and $23.6 million in the prior year period. Diluted earnings per share (“EPS”) of $0.42 compared to $0.48 for the fourth quarter of 2022 and $0.54 for the first quarter of 2022.

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HORIZON BANCORP INC /IN/ filing history →

Source: SEC EDGAR

accession 0000706129-23-000079

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