The consistent NIM at 4.37%, strong deposit growth, and low credit losses reinforce Horizon's stable earnings trajectory. Monitor the Q4 2026 earnings call for any shift in NIM outlook given the changing rate environment and for updates on loan pipeline conversion.
Price Chart
Executive Summary
Horizon Bancorp reported Q3 2026 EPS of $0.56, beating the $0.54 consensus by 4.5%, on net income of $28.7M vs $24.9M in Q2 2026. Net interest income grew 11.6% YoY to $65.2M, the net interest margin held steady at 4.37%, and return on average tangible common equity was 20.03%. Credit quality remained sound with annualized net charge-offs of 0.10% of average loans.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.56 beat consensus of $0.54 by 4.5%
- Net income of $28.7M, up from $24.9M in Q2 2026
- Net interest income of $65.2M, up 11.6% YoY
- Net interest margin (FTE) stable at 4.37% vs 3.52% a year ago
- Return on average tangible common equity of 20.03%
- Total deposits grew $81.2M (6.0% annualized) during the quarter
- Annualized net charge-offs of 0.10% of average loans
- Non-performing assets to total assets of 0.68%
- Total capital ratio improved to 15.48% from 15.02% in Q2 2026
Financial Impact
EPS beat of $0.02 (4.5%) vs consensus; net income up 15.1% QoQ; net interest income +11.6% YoY
Risk Factors
- Interest rate changes could compress net interest margin
- Non-performing assets increased 2% QoQ and 25% YoY
- Tangible book value per share declined to $10.54 from $11.06 in Q2 2026 due to higher unrealized losses in AOCI
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385886 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.37 (+1.90%) |
Oct 21, 2026 5d ago | Press Release | $19.99 $20.37 | ▲ +1.90% | ▲ +2.42% | $20.37 (+1.90%) |
Oct 2, 2026 24d ago | Press Release | $19.48 $19.24 | ▼ −1.23% | ▼ −1.91% | $20.37 (+4.57%) |
Sep 16, 2026 5w ago | 8-K | $19.52 $19.48 | ▼ −0.20% | ▼ −0.09% | $20.37 (+4.35%) |
Jul 22, 2026 13w ago | Press Release | $20.05 $20.06 | ▲ +0.05% | ▼ −0.05% | $20.37 (+1.60%) |
Jun 30, 2026 16w ago | 8-K | $20.48 $19.78 | ▲ +3.42% | ▲ +3.29% | $20.37 (+0.54%) |
Apr 22, 2026 26w ago | 8-K | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.37 (−14.44%) |
Apr 22, 2026 26w ago | Press Release | $17.80 $17.83 | ▼ −0.17% | ▲ +0.62% | $20.37 (−14.44%) |
Apr 1, 2026 29w ago | 8-K | $16.76 $16.88 | ▲ +0.72% | ▲ +0.24% | $20.37 (+21.54%) |
Apr 1, 2026 29w ago | Press Release | $16.76 | awaiting T+1 | — | $20.37 (+21.54%) |
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