Quarterly ResultApr 22, 2026, 04:07 PM
Horizon Bancorp Q1 Net Income $26.2M, EPS $0.51
AI Summary
Horizon Bancorp reported Q1 2026 net income of $26.2 million, or $0.51 per diluted share. The company maintained a strong net interest margin of 4.29% and achieved significant annualized deposit growth of 11.3%, led by a 22.8% increase in non-interest-bearing balances. Management highlighted consistent profitability, excellent credit quality, and an unchanged positive outlook for 2026, expecting solid balance sheet growth and top-tier profitability.
Key Highlights
- Net income for Q1 2026 was $26.2 million.
- Diluted EPS for Q1 2026 was $0.51.
- Net interest margin remained strong at 4.29%.
- Total deposits grew 11.3% annualized, non-interest-bearing up 22.8%.
- Return on average assets was 1.62%.