secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000706129-23-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612923000079/0000706129-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612923000079/hbnc-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000706129-23-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer