HORIZON BANCORP INC IN
For the period ended Mar 31, 2024. Filed May 10, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $271,088 | $526,515 |
| Interest earning time deposits | 1,715 | 2,205 |
| Investment securities, available for sale | 535,319 | 547,251 |
| Investment securities, held to maturity (fair value of $1,627,853 and $1,668,758) | 1,925,725 | 1,945,638 |
| Loans held for sale | 922 | 1,418 |
| Loans, net of allowance for credit losses of $50,387 and $50,029 | 4,567,788 | 4,367,601 |
| Premises and equipment, net | 94,303 | 94,583 |
| Federal Home Loan Bank stock | 53,826 | 34,509 |
| Goodwill | 155,211 | 155,211 |
| Other intangible assets | 12,754 | 13,626 |
| Interest receivable | 40,008 | 38,710 |
| Cash value of life insurance | 36,455 | 36,157 |
| Other assets | 160,593 | 177,061 |
| Total assets | $7,855,707 | $7,940,485 |
| Liabilities | ||
| Deposits | ||
| Non–interest bearing | $1,093,076 | $1,116,005 |
| Interest bearing | 4,486,794 | 4,548,888 |
| Total deposits | 5,579,870 | 5,664,893 |
| Borrowings | 1,359,121 | 1,353,050 |
| Subordinated notes | 55,634 | 55,543 |
| Junior subordinated debentures issued to capital trusts | 57,315 | 57,258 |
| Interest payable | 7,853 | 22,249 |
| Other liabilities | 74,664 | 68,680 |
| Total liabilities | 7,134,457 | 7,221,673 |
| Commitments and contingent liabilities | ||
| Stockholders’ Equity | ||
| Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares | — | — |
| Common stock, no par value, Authorized 99,000,000 shares | ||
| Issued and Outstanding 44,115,840 and 44,106,174 shares | — | — |
| Additional paid-in capital | 356,599 | 356,400 |
| Retained earnings | 435,927 | 429,021 |
| Accumulated other comprehensive loss | (71,276) | (66,609) |
| Total stockholders’ equity | 721,250 | 718,812 |
| Total liabilities and stockholders’ equity | $7,855,707 | $7,940,485 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.