{"schema_version":"secwatch.filing_event.v1","accession":"0000706129-25-000172","form_type":"8-K","ticker":"HBNC","cik":"0000706129","company_name":"HORIZON BANCORP INC /IN/","filed_at":"2025-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.945718+00:00","generated_at":"2026-05-17T02:52:43.792948+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Horizon Bancorp Q3 net loss $222M on balance sheet repositioning; NIM expands to 3.52%","bullets":["Net loss of $222.0M ($4.69 diluted EPS) vs Q2 net income $20.6M ($0.47); includes $299M securities loss, $7.7M auto portfolio loss, $12.7M prepayment penalty.","Net interest income $58.4M (+5.5% LQ); NIM (FTE) expanded to 3.52% from 3.23% LQ, eighth consecutive quarterly expansion.","Loans HFI decreased $163M LQ; sold $176M indirect auto portfolio, but commercial loans grew $57.9M (7.0% annualized).","Tangible book value/share fell to $9.76 from $14.32 LQ; total assets down $939.6M to $6.7B; capital ratios remain strong (Tier 1 11.29%).","Credit quality stable: net charge-offs 0.07% annualized; ACL to loans 1.04%; non-performing assets to assets 0.53%."],"urls":{"canonical":"https://secwatch.observer/filing/0000706129-25-000172","json":"https://secwatch.observer/filing/0000706129-25-000172.json","markdown":"https://secwatch.observer/filing/0000706129-25-000172.md","text":"https://secwatch.observer/filing/0000706129-25-000172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000172/0000706129-25-000172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706129/000070612925000172/hbnc-20251022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:52:43.792948+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"}