secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000706129-24-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000046/0000706129-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000046/hbnc-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000706129-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer