secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000706129-25-000131
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Bancorp Q2 EPS $0.47; NIM expands to 3.23%, commercial loans grow 14.8% annualized
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- Net income $20.6M ($0.47 diluted) vs $14.1M ($0.32) in Q2 2024; net interest margin (FTE) 3.23% seventh consecutive expansion.
- Commercial loan growth $117.2M annualized 14.8%; indirect auto runoff $34.1M; total loans HFI up 6.2% annualized.
- Credit quality strong: net charge-offs annualized 0.02%; non-performing assets down 12.4% vs prior quarter.
- Tangible book value per share $14.32, up $0.36; total regulatory capital ratio 14.48% (preliminary).
- Non-interest income $10.9M (down from $16.5M due to non-recurring Q1 gain on mortgage warehouse sale); expenses up <1% linked quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000131/0000706129-25-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000131/hbnc-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000706129-25-000131

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