Monitor the next earnings call for commentary on the elevated interest-earning cash balances, which dampened the NIM by 4 basis points, and whether loan growth can accelerate from its current modest pace.
Price Chart
Executive Summary
Horizon Bancorp reported Q1 2026 earnings with diluted EPS of $0.51, a 6.3% decline from $0.53 in Q4 2025 and 6.5% below the $0.54 in Q1 2025 (which included a $7M gain). Net interest income rose 19.1% YoY to $62.2M, and the net interest margin held steady at 4.29%. The company maintained its full-year 2026 guidance, citing strong core deposit growth and solid capital generation.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS was $0.51, down from $0.53 in Q4 2025 and $0.54 in Q1 2025
- Net income was $26.2M, a 2.7% decrease from Q4 2025 and a 9.8% decrease from Q1 2025 (which included a $7M gain)
- Net interest income was $62.2M, up 19.1% from $52.3M in Q1 2025
- Net interest margin (FTE) was 4.29%, unchanged from Q4 2025
- Total deposits grew $146.9M (2.8%) to $5.4B, with $60.8M in non-interest-bearing deposits
- Commercial loans increased $34.2M (4.0% annualized)
- Full-year 2026 guidance was unchanged
Financial Impact
EPS declined 6.5% YoY and 6.3% QoQ, missing the $0.54 from a year ago that included a $7M gain. Net interest income grew 19.1% YoY.
Risk Factors
- Elevated interest-earning cash balances could continue to pressure the net interest margin
- Modest loan growth, with total loans stable from year-end 2025, may limit future revenue growth
- Net charge-offs were low but non-performing assets increased to 0.67% of total assets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000706129-26-000039 |
| Document: hbnc-20260422.htm | 0000706129-26-000039 |
| Document: hbnc-1q26investorpresent.htm | 0000706129-26-000039 |
| Document: 0000706129-26-000039-index-headers.html | 0000706129-26-000039 |
| Document: 0000706129-26-000039-index.html | 0000706129-26-000039 |
| Document: 0000706129-26-000039.txt | 0000706129-26-000039 |
| 8-K Data (Synthetic) | 0000706129-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.80 (+4.05%) |
Oct 21, 2026 5d ago | Press Release | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.80 (+4.05%) |
Oct 2, 2026 24d ago | Press Release | $19.48 $19.24 | ▼ −1.23% | ▼ −1.91% | $20.80 (+6.78%) |
Sep 16, 2026 5w ago | 8-K | $19.52 $19.48 | ▼ −0.20% | ▼ −0.09% | $20.80 (+6.56%) |
Jul 22, 2026 13w ago | Press Release | $20.05 $20.06 | ▲ +0.05% | ▼ −0.05% | $20.80 (+3.74%) |
Jun 30, 2026 16w ago | 8-K | $20.48 $19.78 | ▲ +3.42% | ▲ +3.29% | $20.80 (−1.56%) |
Apr 22, 2026 26w ago | 8-K | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.80 (−16.85%) |
Apr 22, 2026 26w ago | Press Release | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.80 (−16.85%) |
Apr 1, 2026 29w ago | 8-K | $16.76 $16.88 | ▲ +0.72% | ▲ +0.24% | $20.80 (+24.11%) |
Apr 1, 2026 29w ago | Press Release | $16.76 | awaiting T+1 | — | $20.80 (+24.11%) |
US Market Status
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