---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-23-000079"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:20:39.737877+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706129-23-000079
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/706129/000070612923000079/0000706129-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612923000079/hbnc-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-23-000079
- JSON: https://secwatch.observer/filing/0000706129-23-000079.json
- Plain text: https://secwatch.observer/filing/0000706129-23-000079.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000079/0000706129-23-000079-index.htm

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