Horizon Bancorp Reports Strong Q3 2026 Earnings with Increased Net Income
Horizon Bancorp (HBNC) reported a strong third quarter for 2026, highlighted by a net income of $28.7 million, or $0.56 per diluted share, up from $24.9 million in the previous quarter. The company achieved a Return on Average Assets of 1.73% and a Return on Average Tangible Common Equity of 20.03%, meeting long-term profitability targets. Net interest margin remained stable at 4.37% due to disciplined pricing strategies. The bank's loan portfolio saw growth in Commercial and Industrial loans, which rose 12% year-over-year, while Commercial Real Estate loans saw a slight decline as part of a deliberate selective strategy. Despite potential headwinds regarding rising interest-bearing deposit costs, the company maintains a strong capital position with a Common Equity Tier 1 Ratio of 11.53%.
Tickers: $HBNC
Topics: Commercial Real Estate Loans Deposit Growth Loan Growth Net Income Net Interest Margin