Quarterly ResultMay 8, 2026, 04:13 PM
Horizon Bancorp Q1 Net Income +9.3% to $26.17M; Diluted EPS $0.51
AI Summary
Horizon Bancorp reported a 9.3% increase in net income to $26.17 million for Q1 2026, compared to $23.94 million in Q1 2025. Diluted earnings per share, however, decreased to $0.51 from $0.54 in the prior year. The company saw a significant 19.1% rise in net interest income to $62.24 million, while credit loss expense decreased by 71.6% to $391 thousand. Total assets grew by 2.0% since December 31, 2025, reaching $6.56 billion, and total deposits increased by 2.8% to $5.42 billion.
Key Highlights
- Net Income Available to Common Shareholders increased 9.3% to $26.17 million for Q1 2026.
- Diluted Earnings Per Share decreased to $0.51 in Q1 2026 from $0.54 in Q1 2025.
- Net Interest Income rose 19.1% to $62.24 million for the three months ended March 31, 2026.
- Credit loss expense significantly decreased by 71.6% to $391 thousand in Q1 2026.
- Total assets increased 2.0% to $6.56 billion as of March 31, 2026, from December 31, 2025.
- Total deposits grew 2.8% to $5.42 billion as of March 31, 2026, from December 31, 2025.
- Non-accrual loans increased 7.2% to $34.78 million as of March 31, 2026, from December 31, 2025.
- Cash dividends on common stock remained $0.16 per share for both periods.
Price Impact
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