secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000706129-24-000087
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Bancorp Q2 2024 EPS $0.32; NIM expands to 2.64%
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- Net income $14.1M ($0.32 diluted EPS) vs $18.8M ($0.43) a year ago.
- Net interest income $45.3M, third consecutive rise; NIM FTE 2.64% vs 2.50% linked Q1.
- Loans HFI up 4.4% to $4.8B; commercial loan growth $154.8M; deposits +0.9% to $5.6B.
- Non-accrual loans fell $0.8M to $18.3M; net charge-offs annualized 0.05%.
- Corrected prior capital classification: sub notes reclassified from Tier 1 to Tier 2; still well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000087/0000706129-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000087/hbnc-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000706129-24-000087

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