HORIZON BANCORP INC /IN/ (HBNC) Form 10-Q — Aug 7, 2026

$HBNCForm 10-QFiled Aug 7, 2026, 4:07 PM ET0000706129-26-000063Original filing

Horizon Bancorp's Q2 2026 net income available to common shareholders rose to $24.9 million from $20.6 million a year earlier, with diluted EPS of $0.49 versus $0.47. Net interest income climbed roughly 15% year over year to $63.5 million as deposit interest expense fell to $20.5 million from $26.1 million, and credit loss expense dropped to $0.9 million from $2.5 million. The balance sheet strengthened, with total assets at $6.57 billion, deposits of $5.40 billion, cash and equivalents of $217.9 million, and a consolidated CET1 ratio of 11.09%; the company maintained its $0.16 quarterly dividend.

Key figures

Eps: $0.49 diluted for Q2 2026 vs $0.47 Q2 2025; $1.00 for six months 2026 vs $1.01 prior year
Net Income: $24.9M Q2 2026 net income available to common shareholders vs $20.6M Q2 2025; $51.1M for six months vs $44.6M
Total Assets: $6.57B at June 30, 2026 vs $6.44B at December 31, 2025
Cash Position: $217.9M cash and cash equivalents at June 30, 2026 vs $139.5M at December 31, 2025
Shares Outstanding: 51344519
Loans Net: $4.91B (net of $51.9M allowance for credit losses)
Total Deposits: $5.40B at June 30, 2026 vs $5.28B at December 31, 2025
Buyback Program: 803,349 shares repurchased at average $16.89 under 2,250,000-share authorization as of June 30, 2026
Non Accrual Loans: $32.3M at June 30, 2026 vs $32.5M at December 31, 2025
Dividend Per Share: $0.16 per share quarterly ($0.32 declared for six months)
Stockholders Equity: $726.2M at June 30, 2026 vs $688.3M at December 31, 2025
Afs Unrealized Losses: $36.6M gross unrealized losses; $572.6M fair value (64% of AFS portfolio) below cost at June 30, 2026 vs 35% at year-end 2025
Credit Loss Expense Q2: $0.9M vs $2.5M prior year
Net Interest Income Q2: $63.5M vs $55.4M a year ago
Non Interest Income Q2: $12.0M vs $10.9M prior year
Non Interest Expense Q2: $43.8M vs $39.4M prior year
Cet1 Ratio Consolidated: 11.09%
Subordinated Notes2035: $100.0M principal, 7.000% fixed-to-floating, due September 15, 2035; $98.3M carrying value net of issuance costs
Net Interest Income Six Months: $125.7M vs $107.6M prior year
Weighted Avg Diluted Shares Q2: 51.3M vs 44.0M a year ago
Total Capital Ratio Consolidated: 15.02%

Price after filing

1 day: 0.0%7 days: +0.7%30 days: -2.5%

Close on the filing date to close N calendar days later (from $20.42). Historical, not a forecast.

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