Horizon Bancorp Q3 2023 net income $16.2M ($0.37 EPS); NIM compresses to 2.41%

HORIZON BANCORP INC /IN/

2023-Q3 EPS reported $1.21

Diluted EPS of $0.37 vs $0.43 in Q2 2023; net interest income fell $4.1M to $42.1M.
Net interest margin declined to 2.41% from 2.69% linked quarter; adjusted NIM 2.38%.
Loans grew 8.2% annualized to $4.36B; commercial loans up 13.1% annualized.
Deposits stable at $5.7B; non-interest income rose to $11.8M on higher mortgage revenue.
Tangible book value per share fell $0.34 to $12.00 due to $25.5M hit to AOCI.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HORIZON BANCORP INC /IN/ reported the three and nine months ended September 30, 2023 results: net income $16.2 million, EPS $0.37 per diluted share.

Period: the three and nine months ended September 30, 2023
Net income: $16.2 million
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

announced its unaudited financial results for the three and nine months ended September 30, 2023.

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HORIZON BANCORP INC /IN/ filing history →

Source: SEC EDGAR

accession 0000706129-23-000109

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