Horizon Bancorp Q4 net loss $0.25/dil share; NIM expands to 2.97%, commercial loans grow 22.4% annualized

HORIZON BANCORP INC /IN/

2024-FY EPS reported $0.80

Net loss of $10.9M ($0.25 diluted loss) vs net income of $18.2M ($0.41) in Q3 2024; loss driven by $39.1M pre-tax loss on securities repositioning.
Net interest income rose to $53.1M from $46.9M in Q3; NIM (FTE) expanded 31 bps to 2.97%, aided by loan mix shift and lower-cost deposit funding.
Total loans increased $108.6M to $4.91B; commercial loans grew at a 22.4% annualized rate, partially offset by planned run-off of indirect auto loans.
Sale of mortgage warehouse line closed Jan 17, 2025; expected to be roughly neutral to operating income with a gain in Q1 2025. Deposit base shifted: time deposits down $131.5M.
Credit quality stable: net charge-offs annualized 0.05%, non-performing assets at 0.35% of total assets. Book value per share $17.46, tangible book $13.68.

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.