HORIZON BANCORP INC IN
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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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.
Jun 30, 2024 · Filed Aug 9, 2024
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30 | June 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net Income | $14,140 | $18,763 | $28,131 | $36,991 |
| Other Comprehensive Income (Loss) | ||||
| Change in fair value of derivative instruments: | ||||
| Change in fair value of derivative instruments for the period | — | 35 | — | (523) |
| Reclassification adjustment for swap termination gain realized in income | — | (1,453) | — | (1,453) |
| Income tax effect | — | 299 | — | 415 |
| Changes from derivative instruments | — | (1,119) | — | (1,561) |
| Change in securities: | ||||
| Unrealized gain (loss) for the period on available for sale securities | (3,262) | (5,795) | (9,010) | 12,349 |
| Accretion from transfer of securities from available for sale to held to maturity securities | (167) | (219) | (327) | (373) |
| Reclassification adjustment for securities losses realized in income | — | (20) | — | 480 |
| Income tax effect | 720 | 1,266 | 1,961 | (2,616) |
| Unrealized gains (losses) on securities | (2,709) | (4,768) | (7,376) | 9,840 |
| Other Comprehensive Income (Loss), Net of Tax | (2,709) | (5,887) | (7,376) | 8,279 |
| Comprehensive Income | $11,431 | $12,876 | $20,755 | $45,270 |
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