secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000706129-24-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000101/0000706129-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612924000101/hbnc-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000706129-24-000101

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