The stock may face downward pressure due to the EPS and revenue miss despite strong fundamentals in deposits and net interest margin. Monitor loan growth trajectory and non-interest income trends in the next quarter for signs of stabilization.
Price Chart
Executive Summary
Horizon Bancorp (HBNC) reported Q1 2026 diluted EPS of $0.51, missing the consensus estimate of $0.48 by 6.25% on the downside, despite strong net interest margin and deposit growth. Revenue of $73.4 million fell short of the $74.0M consensus, driven by lower non-interest income and modest loan growth.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS was $0.51 vs. consensus of $0.48 (6.25% miss)
- Revenue was $73.4 million (net interest income + non-interest income), below $74.0M consensus
- Net interest income was $62.2 million, up 19.1% YoY but down from prior quarter
- Total deposits grew $146.9 million (11.3% annualized), led by $60.8M in non-interest-bearing deposits
- Commercial loan growth was modest at $34.2M (4.0% annualized), offset by consumer/residential runoff
Financial Impact
Revenue and EPS both missed consensus, with EPS missing by 6.25% and revenue falling $0.6M short. Net income declined 2.8% YoY despite strong margin performance.
Risk Factors
- Elevated interest-earning cash balances dampened net interest margin by ~4 basis points
- Consumer and residential loan portfolios showed continued runoff, raising concerns about loan growth sustainability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279381 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.79 (+4.00%) |
Oct 21, 2026 5d ago | Press Release | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.79 (+4.00%) |
Oct 2, 2026 24d ago | Press Release | $19.48 $19.24 | ▼ −1.23% | ▼ −1.91% | $20.79 (+6.72%) |
Sep 16, 2026 5w ago | 8-K | $19.52 $19.48 | ▼ −0.20% | ▼ −0.09% | $20.79 (+6.51%) |
Jul 22, 2026 13w ago | Press Release | $20.05 $20.06 | ▲ +0.05% | ▼ −0.05% | $20.79 (+3.69%) |
Jun 30, 2026 16w ago | 8-K | $20.48 $19.78 | ▲ +3.42% | ▲ +3.29% | $20.79 (−1.51%) |
Apr 22, 2026 26w ago | 8-K | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.79 (−16.80%) |
Apr 22, 2026 26w ago | Press Release | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.79 (−16.80%) |
Apr 1, 2026 29w ago | 8-K | $16.76 $16.88 | ▲ +0.72% | ▲ +0.24% | $20.79 (+24.05%) |
Apr 1, 2026 29w ago | Press Release | $16.76 | awaiting T+1 | — | $20.79 (+24.05%) |
US Market Status
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