Horizon Bancorp Inc
NASDAQ:HBNC
Horizon Bancorp Inc
Horizon Bancorp, Inc. (Indiana) is a bank holding company, which engages in the provision of commercial and retail banking services. The company is headquartered in Michigan City, Indiana and currently employs 843 full-time employees. The company went IPO on 2001-12-20. The firm provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiaries, Horizon Bank (the Bank) and Horizon Risk Management, Inc. The firm operates through the commercial banking segment. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains approximately 78 full-service offices. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The company deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market and time deposits.
Horizon Bancorp, Inc. (Indiana) is a bank holding company, which engages in the provision of commercial and retail banking services. The company is headquartered in Michigan City, Indiana and currently employs 843 full-time employees. The company went IPO on 2001-12-20. The firm provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiaries, Horizon Bank (the Bank) and Horizon Risk Management, Inc. The firm operates through the commercial banking segment. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains approximately 78 full-service offices. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The company deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market and time deposits.
Strong Q4 Results: Horizon Bancorp delivered fourth quarter results that exceeded prior performance estimates, with strong returns on assets and equity, and continued net interest margin expansion.
Net Interest Margin: Net interest margin rose to 4.29% in Q4, marking the ninth consecutive quarter of expansion and finishing above the upper end of guidance.
Loan Growth: Total loans reached $4.9 billion, up $60.7 million from Q3, led by commercial lending, particularly in Michigan and Indiana.
Stable Credit Quality: Credit quality metrics remained strong, with substandard loans and net charge-offs decreasing year-over-year despite a modest rise in non-performing loans.
Deposit Strategy: Management continued to reduce exposure to high-cost transactional deposits, resulting in a stronger, more stable deposit portfolio entering 2026.
Improved 2026 Outlook: Guidance for 2026 was raised, with net interest margin expected between 4.25% and 4.35%, and mid-single digit growth in both loans and deposits.
Capital Position: Capital ratios improved significantly, and management emphasized disciplined capital deployment, with a continued focus on organic growth.
