Horizon Bancorp, Inc. Reports Second Quarter 2026 Results

Horizon Bancorp, Inc. reported its unaudited financial results for the second quarter ended June 30, 2026. Net income for the quarter was $24.9 million, or $0.49 per diluted share, compared to $26.2 million, or $0.51 per diluted share, in the first quarter of 2026. The results were negatively impacted by a pre-tax legal charge of $3.1 million. Net interest income increased by 14.7% to $63.5 million compared to the same period last year, with the net interest margin expanding to 4.37% on a fully taxable equivalent basis. Total loans held for investment increased by 6.6% compared to the linked quarter annualized, driven by commercial loan growth. Credit quality remained strong with annualized net charge-offs of 0.05%. Total assets were $6.6 billion as of June 30, 2026, a slight increase from the previous quarter, while total deposits decreased by 0.4%. The company maintained strong capital ratios, with a preliminary common equity tier 1 capital ratio of 11.09%. Horizon Bancorp also provided guidance for full-year 2026, expecting mid-single-digit growth in loans and deposits, and projecting non-interest income in the mid-$40 million range and non-interest expense in the low to mid-$160 million range, excluding the Q2 legal charge.