{"schema_version":"secwatch.filing_event.v1","accession":"0000706129-25-000006","form_type":"8-K","ticker":"HBNC","cik":"0000706129","company_name":"HORIZON BANCORP INC /IN/","filed_at":"2025-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.100962+00:00","generated_at":"2026-05-27T21:22:32.319819+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Horizon Bancorp Q4 net loss $0.25/dil share; NIM expands to 2.97%, commercial loans grow 22.4% annualized","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000706129-25-000006","json":"https://secwatch.observer/filing/0000706129-25-000006.json","markdown":"https://secwatch.observer/filing/0000706129-25-000006.md","text":"https://secwatch.observer/filing/0000706129-25-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000006/0000706129-25-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000006/hbnc-20250122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T21:22:32.319819+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}