Horizon Bancorp lifts third-quarter net income to $28.7 million
Horizon Bancorp reported unaudited Q3 2026 net income of $28.7 million, or $0.56 per share, up from $24.9 million in Q2, per GlobeNewswire.
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what happened
Horizon Bancorp, Inc. (HBNC) reported unaudited results for the third quarter of 2026. Net income came in at $28.7 million, or $0.56 per share, compared with $24.9 million in the second quarter, according to a GlobeNewswire release.
Net interest income reached $65.2 million, and the fully taxable-equivalent net interest margin was 4.37%. Deposits grew $81.1 million to $5.5 billion, while loans held for investment rose $46.9 million. The provision for credit losses was $1.3 million, and net charge-offs were 0.10% annualized.
why it matters
For markets, this is a moderately positive report from a regional bank: higher profit, a stable margin and deposit inflows point to a solid funding base. The tangible common equity ratio fell to 8.38%, a figure investors may want to watch when assessing the bank's capital.
market impact
US regional banks: profit and deposit growth supports the earnings outlook for HBNC
tags
instruments
sources
- Horizon Bancorp, Inc. (HBNC) Q3 Net Income $28.7M, EPS $0.56 — globenewswire.com, 21 October 2026 at 20:05 UTC
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