---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-23-000101"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:31:44.041655+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp Q2 net income rises to $18.8M ($0.43 EPS); deposits hold at $5.71B

## Summary
- Net income of $18.8M, $0.43 diluted EPS, up from $0.42 in Q1 2023; down from $0.57 YoY.
- Net interest margin improved to 2.69% from 2.67% linked quarter; NII of $46.2M included $1.5M swap termination fee.
- Total loans $4.27B (+2.2% annualized QoQ); deposits stable at $5.71B despite shift to time deposits.
- Tangible book value per share grew to $12.34 (+$0.17 in Q2); regulatory capital ratios exceed well-capitalized minimums.
- Non-interest income rose to $11.0M on higher interchange and securities gains; expense ratio 1.86% of avg assets.

## SEC filing metadata
- accession: 0000706129-23-000101
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612923000101/0000706129-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612923000101/hbnc-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-23-000101
- JSON: https://secwatch.observer/filing/0000706129-23-000101.json
- Plain text: https://secwatch.observer/filing/0000706129-23-000101.txt

## Key facts
- Earnings Releases
  HORIZON BANCORP INC /IN/ reported second quarter 2023 results: net income $18.8 million, EPS $0.43 per diluted share.
  - Period: second quarter 2023
  - Net income: $18.8 million
  - EPS: $0.43 per diluted share
  - Result: reported results
  source text: Net income for the second quarter of 2023 was $18.8 million, or $0.43 diluted earnings per share, compared to $18.2 million, or $0.42, for the linked quarter and $24.9 million, or $0.57, for the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000101/0000706129-23-000101-index.htm

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