---
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"
generated_at: "2026-05-27T21:22:32.319819+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000006
- JSON: https://secwatch.observer/filing/0000706129-25-000006.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.