Horizon Bancorp Reports Q3 2024 EPS of $0.41, Announces Strategic Actions

HORIZON BANCORP INC /IN/

2024-Q3 EPS reported $1.05

Q3 2024 net income $18.2M ($0.41 diluted share), up from $14.1M ($0.32) in Q2 2024.
Net interest margin (FTE) expanded to 2.66%, fourth consecutive quarter of expansion.
Completed repositioning of ~$325M securities portfolio; signed LOI to sell mortgage warehouse business.
Total deposits grew 1.7% to $5.7B, loans held for investment stable at $4.8B.
Annualized net charge-offs low at 0.03%; non-performing assets 0.32% of total assets.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.