---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-24-000046"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:17:40.633409+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp reports Q1 EPS $0.32, net interest margin expands to 2.50%

## Summary
- Net income of $14.0M ($0.32 diluted EPS) vs net loss of $25.2M in Q4 2023.
- Net interest margin improved to 2.50% from 2.43% linked quarter; net interest income $43.3M.
- Total loans grew 18.2% annualized to $4.62B; commercial loans up 11.2% annualized.
- Deposits down 1.5% to $5.58B; credit metrics solid with net charge-offs 0.01%.
- Non-interest expense fell $2.2M QoQ to $37.1M; tangible book value $12.65 per share.

## SEC filing metadata
- accession: 0000706129-24-000046
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612924000046/0000706129-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612924000046/hbnc-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-24-000046
- JSON: https://secwatch.observer/filing/0000706129-24-000046.json
- Plain text: https://secwatch.observer/filing/0000706129-24-000046.txt

## Key facts
- Earnings Releases
  HORIZON BANCORP INC /IN/ reported the three months ended March 31, 2024 results: net income $14.0 million, EPS $0.32 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $14.0 million
  - EPS: $0.32 per diluted share
  - Result: reported results
  source text: Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three months ended March 31, 2024. Net income for the first quarter of 2024 was $14.0 million, or $0.32 per diluted share compared to a net loss of $25.2 million, or $0.58, in the linked fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612924000046/0000706129-24-000046-index.htm

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