{"schema_version":"secwatch.filing_event.v1","accession":"0000706129-24-000008","form_type":"8-K","ticker":"HBNC","cik":"0000706129","company_name":"HORIZON BANCORP INC /IN/","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.707753+00:00","generated_at":"2026-06-06T19:33:14.831896+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Horizon Bancorp reports Q4 net loss of $25.2M on balance sheet restructuring; adjusted EPS $0.33","bullets":["Net loss of $25.2M ($0.58 diluted EPS) due to $38.7M after-tax balance sheet restructuring (sale of $382.7M securities, surrender of $112.8M BOLI).","Adjusted net income $14.1M ($0.33 diluted EPS) vs $16.2M ($0.37) in Q3 2023.","Commercial loans grew $85.7M (13.1% annualized); total loans $4.42B up 6.1% YoY.","Net interest margin improved to 2.43% from 2.41% linked quarter.","Deposits stable at $5.66B; non-performing loans 0.44%; net charge-offs 0.02%."],"urls":{"canonical":"https://secwatch.observer/filing/0000706129-24-000008","json":"https://secwatch.observer/filing/0000706129-24-000008.json","markdown":"https://secwatch.observer/filing/0000706129-24-000008.md","text":"https://secwatch.observer/filing/0000706129-24-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706129/000070612924000008/0000706129-24-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706129/000070612924000008/hbnc-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:33:14.831896+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"13d744264e875ac46b8481d9ff29ebf55e92a687","claim":"HORIZON BANCORP INC /IN/ reported three and twelve months ended December 31, 2023 results: net income $25.2 million, EPS $0.58 per diluted share.","evidence_excerpt":"For the quarter, the Company recorded a net loss of $25.2 million, or $0.58 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/706129/000070612924000008/0000706129-24-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and twelve months ended December 31, 2023"},{"label":"Net income","value":"$25.2 million"},{"label":"EPS","value":"$0.58 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"19f190e3df6cd9e9c291ccdf39f50c8f249ddf05","claim":"HORIZON BANCORP INC /IN/ reported three months ended December 31, 2023 results: net income $14.1 million, EPS $0.33 per diluted share.","evidence_excerpt":"Excluding the $38.7 million after-tax impact of the balance sheet repositioning and approximately $705,000 in extraordinary expenses associated with previously disclosed staffing changes, the launch of Horizon Equipment Finance and the expansion of the Bank's treasury management capabilities, adjusted net income was $14.1 million, or $0.33 per diluted share, in the quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/706129/000070612924000008/0000706129-24-000008-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2023"},{"label":"Net income","value":"$14.1 million"},{"label":"EPS","value":"$0.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9f1f598587d38065442325be27803b7bc77e4c04","claim":"HORIZON BANCORP INC /IN/ reported three months ended September 30, 2023 results: net income $16.2 million, EPS $0.37 per diluted share.","evidence_excerpt":"This compared to third quarter 2023 net income of $16.2 million, or $0.37 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/706129/000070612924000008/0000706129-24-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2023"},{"label":"Net income","value":"$16.2 million"},{"label":"EPS","value":"$0.37 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}