---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-25-000078"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:33:15.338664+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp Q1 net income $23.9M ($0.54 EPS); NIM expands to 3.04%

## Summary
- Net income $23.9M ($0.54 diluted EPS); Q4 2024 net loss $10.9M (-$0.25); Q1 2024 $14.0M ($0.32).
- Net interest margin (FTE) 3.04%, up from 2.97% Q4 and 2.50% YoY; sixth consecutive quarter of expansion.
- Commercial loan growth of $103.3M (14% annualized); total loans HFI up 5% linked quarter annualized.
- Completed sale of mortgage warehouse business for $7.0M pre-tax gain.
- Expenses down $5.6M from Q4; net charge-offs remain low at 0.07% annualized.

## SEC filing metadata
- accession: 0000706129-25-000078
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612925000078/0000706129-25-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612925000078/hbnc-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000078
- JSON: https://secwatch.observer/filing/0000706129-25-000078.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000078.txt

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