HORIZON BANCORP INC IN
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss)
| Year Ended December 31 | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net Income | $27,981 | $93,408 | $87,091 |
| Other Comprehensive Income (Loss) | |||
| Change in fair value of derivative instruments: | |||
| Change in fair value of derivative instruments for the period | (523) | 5,649 | 4,570 |
| Reclassification adjustment for swap termination gain realized in income | (1,453) | — | — |
| Income tax effect | 415 | (1,186) | (960) |
| Changes from derivative instruments | (1,561) | 4,463 | 3,610 |
| Change in securities: | |||
| Unrealized gain (loss) for the period on available for sale securities | 20,728 | (147,345) | (35,547) |
| Reclassification of gain (loss) from available for sale securities to held to maturity securities | — | (794) | 5,869 |
| Amortization (accretion) from transfer of securities from available for sale to held to maturity securities | (691) | (1,236) | 66 |
| Reclassification adjustment for securities (gains) losses realized in income | 32,052 | — | (914) |
| Income tax effect | (10,939) | 31,369 | 6,409 |
| Unrealized gains (losses) on securities | 41,150 | (118,006) | (24,117) |
| Other Comprehensive Income (Loss), Net of Tax | 39,589 | (113,543) | (20,507) |
| Comprehensive Income (Loss) | $67,570 | $(20,135) | $66,584 |
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