secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0000908834-24-000343
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Bancorp terminates LOI to sell mortgage warehouse business; Q4 guidance unchanged
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- On Nov 22, 2024, Horizon and prospective purchaser terminated non-binding LOI to sell mortgage warehouse business.
- Deal was expected to generate gain-on-sale, neutral to net income; termination does not change Q4 2024 guidance.
- Horizon may continue pursuing sale to other parties but cannot predict terms or if transaction will occur.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000090883424000343/0000908834-24-000343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000090883424000343/horizon_8k112224.htm
  HTML page:      https://secwatch.observer/filing/0000908834-24-000343

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