---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-23-000109"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:08:31.227080+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706129-23-000109
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612923000109/0000706129-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612923000109/hbnc-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-23-000109
- JSON: https://secwatch.observer/filing/0000706129-23-000109.json
- Plain text: https://secwatch.observer/filing/0000706129-23-000109.txt

## Key facts
- Earnings Releases
  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
  source text: announced its unaudited financial results for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000109/0000706129-23-000109-index.htm

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