HORIZON BANCORP INC /IN/
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss)
| Year Ended December 31 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net Income | $35,429 | $27,981 | $93,408 |
| Other Comprehensive Income (Loss) | |||
| Change in fair value of derivative instruments: | |||
| Change in fair value of derivative instruments for the period | — | (523) | 5,649 |
| Reclassification adjustment for swap termination (gains) realized in income | — | (1,453) | — |
| Income tax effect | — | 415 | (1,186) |
| Changes from derivative instruments | — | (1,561) | 4,463 |
| Change in securities: | |||
| Unrealized gain (loss) for the period on AFS securities | (120) | 20,728 | (147,345) |
| Reclassification of securities from available for sale to held to maturity | — | — | (794) |
| Amortization from transfer of securities from available for sale to held to maturity securities | (657) | (691) | (1,236) |
| Reclassification adjustment for securities (gains) losses realized in income | 39,140 | 32,052 | — |
| Income tax effect | (8,055) | (10,939) | 31,369 |
| Unrealized gains (losses) on securities | 30,308 | 41,150 | (118,006) |
| Other Comprehensive Income (Loss), Net of Tax | 30,308 | 39,589 | (113,543) |
| Comprehensive Income | $65,737 | $67,570 | $(20,135) |
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