Quarterly ResultApr 22, 2026, 04:11 PM
Horizon Bancorp Q1 2026 Net Income $26.2M, ROAA 1.62%
AI Summary
Horizon Bancorp reported Q1 2026 net income of $26.2 million ($0.51 diluted EPS), maintaining strong profitability with a 1.62% return on average assets and a 4.29% net interest margin. The company saw significant deposit growth, with total deposits up 11.3% annualized, led by a 22.8% increase in non-interest-bearing balances, supporting future loan expansion.
Key Highlights
- Net income was $26.2 million, or $0.51 per diluted share.
- Return on average assets was 1.62%; net interest margin was 4.29%.
- Total deposits grew 11.3% annualized, non-interest-bearing up 22.8%.
- Net interest income increased 19.1% year-over-year to $62.2 million.
- Commercial loans increased $34.2 million, or 4.0% annualized.
Price Impact
More from HBNC