secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000706129-25-000172
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000172/0000706129-25-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612925000172/hbnc-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000706129-25-000172

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