secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000706129-25-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000078/0000706129-25-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000078/hbnc-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000706129-25-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer