Horizon Bancorp, Inc. reported unaudited financial results for the three months ended September 30, 2026. The company reported net income of $28.7 million, or $0.56 per diluted share, for the third quarter of 2026. This compares to net income of $24.9 million, or $0.49 per diluted share, for the second quarter of 2026. The company also reported net income of $79.7 million, or $1.55 per diluted share, for the nine months ended September 30, 2026.
For the third quarter of 2026, the company generated an annualized return on average assets of 1.73% and a return on average tangible common equity of 20.03%. Net interest income was $65.2 million, an increase of 11.6% compared to the same period in the prior year. The net interest margin, on a fully taxable equivalent basis, was 4.37%.
Total deposits increased by $81.2 million during the quarter, or 6.0% on an annualized basis, to $5.5 billion as of September 30, 2026. Total loans held for investment increased 3.7% compared to the linked quarter annualized. Credit quality remained strong, with annualized net charge offs of 0.10% of average loans during the third quarter.
As of September 30, 2026, total assets were $6.6 billion, an increase of $17.0 million from the prior period. The ratio of total stockholders’ equity to total assets was 10.61%. Book value per common share was $13.68.
