HORIZON BANCORP INC /IN/
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
HBNC$21.30+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| Interest Income | ||||
| Interest and fees on loans | $79,580 | $79,561 | 232,424 | 232,637 |
| Investment securities - taxable | 7,426 | 6,631 | 22,168 | 18,611 |
| Investment securities - tax exempt | 2,570 | 4,581 | 7,697 | 16,861 |
| Other | 1,493 | 2,063 | 3,938 | 5,380 |
| Total interest income | 91,069 | 92,836 | 266,227 | 273,489 |
| Interest Expense | ||||
| Deposits | 21,365 | 25,726 | 61,789 | 77,379 |
| Short and long term borrowings | 1,655 | 5,924 | 4,963 | 23,283 |
| Subordinated notes | 1,898 | 1,731 | 5,632 | 3,389 |
| Junior subordinated debentures issued to capital trusts | 992 | 1,069 | 2,954 | 3,429 |
| Total interest expense | 25,910 | 34,450 | 75,338 | 107,480 |
| Net Interest Income | 65,159 | 58,386 | 190,889 | 166,009 |
| Credit loss expense | 1,300 | (3,572) | 2,607 | 266 |
| Net Interest Income after Provision for Credit Losses | 63,859 | 61,958 | 188,282 | 165,743 |
| Non-interest Income | ||||
| Service charges on deposit accounts | 3,518 | 3,474 | 10,418 | 9,890 |
| Wire transfer fees | 65 | 71 | 195 | 211 |
| Interchange fees | 3,537 | 3,510 | 10,505 | 10,154 |
| Fiduciary activities | 1,465 | 1,363 | 4,522 | 3,940 |
| Loss on sale of investment securities | (8) | (299,132) | (8) | (299,538) |
| Gain on sale of mortgage loans | 2,125 | 1,208 | 4,791 | 3,503 |
| Mortgage servicing income net of impairment | 246 | 351 | 934 | 1,111 |
| Increase in cash value of bank owned life insurance | 385 | 379 | 1,063 | 1,060 |
| Other income | 597 | (6,558) | 2,768 | 1,756 |
| Total non-interest income | 11,930 | (295,334) | 35,188 | (267,913) |
| Non-interest Expense | ||||
| Salaries and employee benefits | 24,233 | 22,698 | 71,614 | 67,843 |
| Net occupancy expenses | 3,701 | 3,321 | 11,596 | 10,149 |
| Data processing | 3,377 | 2,933 | 10,361 | 8,757 |
| Professional fees | 631 | 808 | 1,497 | 2,369 |
| Outside services and consultants | 2,619 | 3,844 | 7,920 | 10,387 |
| Loan expense | 1,505 | 1,237 | 4,140 | 3,157 |
| FDIC insurance expense | 680 | 1,345 | 2,706 | 3,849 |
| Core deposit intangible amortization | 620 | 706 | 1,970 | 2,338 |
| Merger related expense | — | — | — | 305 |
| Prepayment penalties | — | 12,680 | — | 12,680 |
| Other losses | 308 | 131 | 615 | 605 |
| Other expense | 3,838 | 3,249 | 13,685 | 9,239 |
| Total non-interest expense | 41,512 | 52,952 | 126,104 | 131,678 |
| Income Before Income Taxes | 34,277 | (286,328) | 97,366 | (233,848) |
| Income tax expense | 5,610 | (64,338) | 17,623 | (56,444) |
| Net Income Available to Common Shareholders | $28,667 | $(221,990) | $79,743 | $(177,404) |
| Basic Earnings Per Share | $0.56 | $(4.69) | $1.56 | $(3.94) |
| Diluted Earnings Per Share | $0.56 | $(4.69) | $1.55 | $(3.94) |
See accompanying Notes to Condensed Consolidated Financial Statement
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