---
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"
generated_at: "2026-05-17T02:52:43.792948+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp Q3 net loss $222M on balance sheet repositioning; NIM expands to 3.52%

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000172
- JSON: https://secwatch.observer/filing/0000706129-25-000172.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000172.txt

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