HORIZON BANCORP INC /IN/

Horizon Bancorp, Inc.'s Board of Directors approved a quarterly cash dividend of $0.16 per share. This dividend will be paid on July 17, 2026, to shareholders who are on record as of July 3, 2026.

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.

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.

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.