Earnings summaries and quarterly performance for HORIZON BANCORP INC /IN/.
Executive leadership at HORIZON BANCORP INC /IN/.
Thomas Prame
Detailed
Chief Executive Officer and President
CEO
JS
John Stewart
Detailed
Executive Vice President and Chief Financial Officer
KD
Kathie DeRuiter
Detailed
Executive Vice President and Senior Operations Officer
LK
Lynn Kerber
Detailed
Executive Vice President and Chief Commercial Banking Officer
MS
Mark Secor
Detailed
Executive Vice President and Chief Administration Officer
TE
Todd Etzler
Detailed
Executive Vice President and Chief Legal and Risk Officer; Corporate Secretary
Board of directors at HORIZON BANCORP INC /IN/.
Research analysts who have asked questions during HORIZON BANCORP INC /IN/ earnings calls.
BM
Brian Martin
Janney Montgomery Scott
8 questions for HBNC
Also covers: BFIN, BY, EFSC +10 more
DD
Damon Del Monte
Keefe, Bruyette & Woods
8 questions for HBNC
Also covers: ALRS, BY, CAC +15 more
NR
Nathan Race
Piper Sandler & Co.
8 questions for HBNC
Also covers: ALRS, BSVN, BWB +18 more
Brendan Nosal
Hovde Group, LLC
7 questions for HBNC
Also covers: ALRS, BWB, BY +11 more
Terry McEvoy
Stephens
4 questions for HBNC
Also covers: ASB, BY, CBC +4 more
David Long
Raymond James Financial, Inc.
3 questions for HBNC
Also covers: ALRS, BY, EFSC +10 more
TM
Terence McEvoy
Stephens Inc.
3 questions for HBNC
Also covers: ASB, BY, CIVB +10 more
TM
Terry McEvoy
Stephens Inc.
1 question for HBNC
Also covers: ASB, BY, CIVB +9 more
Recent press releases and 8-K filings for HBNC.
Horizon Bancorp, Inc. Reports Strong Q4 2025 Results and Provides Optimistic 2026 Outlook
HBNC
Earnings
Guidance Update
New Projects/Investments
- Horizon Bancorp, Inc. (HBNC) delivered strong financial results for Q4 2025, with an annualized return on average assets above 1.6%, return on average equity approaching 16%, and a net interest margin of 4.29%.
- Total loans reached $4.9 billion at December 31, 2025, increasing by $60.7 million from September 30, 2025, primarily driven by a $76 million increase in commercial loans, representing 9% annualized growth.
- Credit quality metrics showed substandard loans at 1.22% of total loans, a decrease from the previous quarter, while non-performing loans increased to 72 basis points of loans. Net charge-offs for the quarter were $1 million.
- For 2026, HBNC expects period-end loans and deposit balances to grow in the mid-single digits, non-FTE net interest income to grow in the low teens, and an FTE net interest margin in the range of 4.25%-4.35%.
- The company's capital deployment priorities remain focused on supporting organic growth within its Michigan and Indiana markets, with plans to open a new office in Indianapolis this summer and consider additional distribution in key Michigan areas.
Jan 22, 2026, 1:30 PM
Horizon Bancorp Reports Strong Q4 2025 Results and Provides 2026 Guidance
HBNC
Earnings
Guidance Update
- Horizon Bancorp (HBNC) reported strong fourth quarter 2025 financial results, with an annualized return on average assets above 1.6%, return on average equity approaching 16%, and a net interest margin of 4.29%. This marks the ninth consecutive quarter of net interest margin expansion.
- Total loans reached $4.9 billion at December 31st, an increase of $60.7 million from September 30th, primarily driven by a $76 million increase in commercial loans (9% annualized growth). Credit quality metrics remained within expected ranges, with substandard loans decreasing to 1.22% of loans, although non-performing loans modestly increased to 72 basis points.
- The company completed its balance sheet restructuring activities, resulting in an earning asset base now over 80% in loans and deposits comprising 93% of total non-equity funding. A deliberate strategy was also executed to reduce exposure to high-cost transactional deposits.
- For the full year 2026, HBNC anticipates period-end loans and deposit balances to grow mid-single digits, non-FTE net interest income to grow in the low teens, and an FTE net interest margin in the range of 4.25%-4.35%.
Jan 22, 2026, 1:30 PM
Horizon Bancorp Reports Strong Q4 2025 Results and Provides Positive 2026 Outlook
HBNC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Horizon Bancorp (HBNC) reported strong fourth-quarter 2025 results, with an annualized return on average assets above 1.6%, return on average equity approaching 16%, and a net interest margin of 4.29%.
- The net interest margin increased by 77 basis points in Q4 2025, marking the ninth consecutive quarter of expansion, and the company completed its balance sheet restructuring activities.
- Total loans reached $4.9 billion at December 31, 2025, an increase of $60.7 million from September 30, 2025, driven by a 9% annualized growth in commercial loans.
- For 2026, the company anticipates a full-year net interest margin in the range of 4.25%-4.35%, non-FTE net interest income growth in the low teens, and period-end loans and deposit balances to grow mid-single digits.
- Credit quality metrics showed substandard loans decreasing to 1.22% of loans, while non-performing loans increased to 72 basis points of loans in Q4 2025.
Jan 22, 2026, 1:30 PM
HBNC Reports Strong Q4 2025 Results and Provides 2026 Guidance
HBNC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- HBNC reported Net Income of $26,921 thousand and Diluted EPS of $0.53 for Q4 2025, with a Return on Assets (ROA) of 1.63% and Return on Equity (ROE) of 15.71%.
- The company achieved a Net Interest Margin (FTE) of 4.29% in Q4 2025, marking its ninth consecutive quarter of expansion, and saw Commercial loan growth of 9.1% last quarter.
- Credit quality remained conservative with annualized Net Charge-Offs of 0.08% in Q4 2025, and the company maintained strong capital with a CET 1 Ratio of 11.32% and a Total RBC Ratio of 15.00%.
- For full-year 2026, HBNC expects mid-single-digit growth in both loans and deposits, with FTE NIM projected to be stable in the 4.25%-4.35% range, non-interest income in the mid-$40 million range, and non-interest expense in the mid-$160 million range.
Jan 22, 2026, 1:30 PM
Horizon Bancorp, Inc. Reports Strong Fourth Quarter 2025 Results and Provides 2026 Guidance
HBNC
Earnings
Guidance Update
- Horizon Bancorp, Inc. reported net income of $26.9 million and diluted earnings per share of $0.53 for the fourth quarter of 2025, a significant turnaround from a net loss of $222.0 million and diluted EPS of $(4.69) in the third quarter of 2025.
- The company achieved strong profitability with a return on average assets of 1.63% and a return on average equity of 15.71%, alongside a net interest margin (FTE) that expanded for the ninth consecutive quarter to 4.29% in Q4 2025.
- Total loans held for investment grew 1% quarter-over-quarter to $4.88 billion at December 31, 2025, primarily due to organic commercial loan growth, while total deposits decreased 4% to $5.28 billion due to strategic runoff of higher-cost transactional deposits.
- The company provided full-year 2026 guidance, projecting mid-single-digit growth for both total loans (HFI) and total deposits, low-teens growth for non-FTE net interest income, and a stable FTE net interest margin in the 4.25%-4.35% range.
Jan 21, 2026, 9:05 PM
Horizon Bancorp Reports Strong Fourth Quarter 2025 Results
HBNC
Earnings
Revenue Acceleration/Inflection
- Horizon Bancorp reported net income of $26.9 million, or $0.53 per diluted share, for the fourth quarter of 2025, a significant improvement from a net loss of $222.0 million in the third quarter of 2025 and a net loss of $10.9 million in the fourth quarter of 2024.
- The company's net interest margin expanded to 4.29% in the fourth quarter of 2025, compared to 3.52% in the third quarter of 2025, contributing to net interest income of $63.5 million.
- Key performance metrics for Q4 2025 included an annualized return on average assets of 1.63% and return on average equity of 15.71%.
- The strong fourth quarter results were attributed to the successful completion of balance sheet repositioning efforts and the core strength of its community banking model, with credit quality remaining excellent.
Jan 21, 2026, 9:05 PM
Horizon Bancorp Inc. Reports Strong Q3 2025 Results and Provides Positive 2026 Guidance
HBNC
Earnings
Guidance Update
M&A
- Horizon Bancorp Inc. (HBNC) reported a Q3 2025 Net Interest Margin (NIM) of 3.52%, an increase of 29 basis points from the previous quarter, marking the eighth consecutive quarter of expansion. The company anticipates NIM to further expand to 4.15%-4.25% in Q4 2025, exiting the year at 4.2%-4.3%, and expects it to remain in this range through 2026.
- The company successfully executed a strategic balance sheet repositioning, which exceeded initial expectations and significantly curtailed liquidity and interest rate risk. This involved the planned runoff and sale of lower-yielding indirect auto loans, the reduction of high-cost non-core transactional deposits, and the redemption of previous subordinated debt.
- For full-year 2026, HBNC expects earnings per share (EPS) to align with the current consensus estimate of approximately $2 per share. Non-FTE net interest income is projected to grow in the low double-digit range, with the effective tax rate anticipated to be between 18%-20%.
- With a de-risked balance sheet and strong capital generation, HBNC is now better positioned for accretive M&A opportunities, targeting institutions between $300 million and several billion dollars in Michigan and Indiana.
Oct 23, 2025, 12:30 PM
Horizon Bancorp Inc. Reports Q3 2025 Results and Provides 2026 Guidance
HBNC
Earnings
Guidance Update
M&A
- Horizon Bancorp Inc. successfully completed a strategic balance sheet repositioning in Q3 2025, significantly curtailing liquidity and interest rate risk.
- The net interest margin (NIM) expanded to 3.52% in Q3 2025, with an exit run rate above 4% in September. Management projects NIM to reach 4.15% to 4.25% in Q4 2025 and stabilize at 4.2% to 4.3% through 2026.
- Q3 2025 loan balances were impacted by the planned sale of the indirect auto loan portfolio, which incurred a $7.7 million loss, partially offset by a $3.1 million allowance release. Net commercial loan growth was $58 million.
- The company provided 2026 guidance, aligning with consensus EPS estimates of approximately $2 per share.
- With a de-risked balance sheet and strong capital generation, Horizon Bancorp Inc. is now strategically positioned for logical and accretive M&A, targeting deals from $300 million to $400 million up to several billion dollars in Michigan and Indiana.
Oct 23, 2025, 12:30 PM
Horizon Bancorp Reports Q3 2025 Net Loss Amid Strategic Balance Sheet Repositioning
HBNC
Earnings
Debt Issuance
New Projects/Investments
- Horizon Bancorp reported a net loss of $222.0 million, or $(4.69) per diluted share, for the three months ended September 30, 2025, primarily due to the successful execution of its strategic balance sheet repositioning. This compares to net income of $20.6 million, or $0.47 per diluted share, in the second quarter of 2025.
- The strategic balance sheet repositioning included a $299.1 million loss on the sale of investment securities and a pre-tax loss of $7.7 million on the sale of the indirect auto portfolio. This led to a decrease in total assets by $939.6 million to $6.7 billion as of September 30, 2025.
- Despite the net loss, the company's net interest margin (FTE) expanded for the eighth consecutive quarter to 3.52% for the third quarter of 2025, up from 3.23% in the second quarter of 2025.
- Total borrowings decreased by $720.1 million due to the payoff of FHLB advances, and the company completed a $100.0 million subordinated notes offering during the quarter.
Oct 22, 2025, 8:05 PM
Horizon Bancorp, Inc. Announces Successful Balance Sheet Repositioning
HBNC
Debt Issuance
New Projects/Investments
Guidance Update
- Horizon Bancorp, Inc. successfully completed a public offering of common stock on August 22, 2025, generating $98.6 million in net proceeds from 7,138,050 shares.
- On August 29, 2025, the company closed on $100,000,000 in fixed-to-floating rate subordinated notes due 2035, with a fixed interest rate of 7.00% until September 15, 2030, which was favorable compared to initial expectations.
- Horizon sold approximately $1.7 billion of securities, realizing a pre-tax loss of $299.1 million (favorable to initial expectations), and pre-paid $700 million of FHLB puttable advances with a $12.7 million penalty (also favorable to expectations).
- The company redeployed approximately $600 million of proceeds into investment securities yielding 5.27% on a tax-equivalent basis and plans to sell approximately $190 million of indirect auto loans and reduce over $125 million in non-core deposit balances by the end of Q3 2025.
Sep 15, 2025, 8:05 PM
Quarterly earnings call transcripts for HORIZON BANCORP INC /IN/.
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