Horizon Bancorp Earnings Reports

Horizon Bancorp delivered robust financial results in the second quarter of 2025, with net income reaching $20.6 million and diluted EPS of $0.47. The company experienced its seventh consecutive quarter of net interest margin expansion, reaching 3.23%, alongside strong commercial loan growth and well-managed expenses. Credit quality remained strong with low net charge-offs.

Horizon Bancorp, Inc. reported a net income of $23.9 million, or $0.54 per diluted share, for the first quarter of 2025. This marks a significant improvement from a net loss of $10.9 million in the previous quarter and an increase from $14.0 million in the first quarter of 2024. The company saw its net interest margin expand for the sixth consecutive quarter to 3.04%, strong organic commercial loan growth, and a more efficient expense base.

Horizon Bancorp reported a net loss of $10.9 million for Q4 2024, impacted by a $39.1 million pre-tax loss on the sale of investment securities and strategic initiative expenses, offset by a $5.1 million tax valuation allowance reversal. However, net interest income increased to $53.1 million, and the net interest margin expanded to 2.97%. Total loans reached $4.91 billion, with commercial portfolio growth offsetting a planned run-off of lower-yielding auto loans.

Horizon Bancorp reported a net income of $18.2 million, or $0.41 per diluted share, for the third quarter of 2024. The company saw growth in net interest income and positive deposit growth, with strong credit quality maintained.

Horizon Bancorp reported a net income of $14.1 million, or $0.32 per diluted share, for the second quarter of 2024. The company saw an increase in net interest income and total loans, with credit quality remaining strong.

Horizon Bancorp reported a net income of $14.0 million, or $0.32 per diluted share, for the first quarter of 2024, compared to a net loss of $25.2 million in the previous quarter. The company experienced net interest margin expansion and loan growth, while maintaining well-managed operating expenses.

Horizon Bancorp announced positive Q4 results, featuring strong loan growth, stable core deposits, consistent net interest margin, and excellent asset quality. A successful balance sheet restructure provides liquidity for higher-yielding assets and future earnings growth. The team significantly progressed in building out its leasing platform.

Horizon Bancorp reported a net income of $16.2 million, or $0.37 per diluted share, for the third quarter of 2023. The company saw loan growth, resilient deposits, and expanded non-interest income. Asset quality remained sound with low levels of delinquent and non-performing loans.

Horizon Bancorp reported a net income of $18.8 million, or $0.43 per diluted share, for the second quarter of 2023. The results reflect the strength of the company's diversified business model and strong non-interest income growth. Net interest income increased to $46.2 million, and non-interest income expanded to $11.0 million. Deposits remained resilient at $5.71 billion, and loans grew to $4.27 billion.

Horizon Bancorp reported a net income of $18.2 million for the first quarter of 2023, with diluted earnings per share of $0.42. The results reflect stable deposits, growing loans, and low credit costs, along with meaningful non-interest expense reductions.

Horizon Bancorp, Inc. reported net income of $21.2 million for Q4 2022, with diluted earnings per share of $0.48. The company's commercial and consumer loans grew, and asset quality remained solid. Net interest income was $48.8 million, and non-interest income increased by 4.8% from the previous quarter.

Horizon Bancorp reported a net income of $23.8 million, with EPS at $0.55. The company saw strong loan growth, particularly in commercial and consumer loans, which helped offset headwinds from lower non-interest income and increased cost of funds.

Horizon Bancorp reported a record second quarter EPS of $0.57, with net income growing to a record $24.9 million, up 5.5% from the linked quarter and 12.1% from the prior year period. Pre-tax, pre-provision net income grew to $29.1 million, up 13.1% from the linked quarter and 18.9% from the prior year period. Total loans, excluding PPP loans and sold commercial participation loans, grew by 6.2%, or 25.1% annualized, during the second quarter to $3.89 billion at period end.

Horizon Bancorp reported a record net income of $23.6 million for Q1 2022, representing a 15.4% increase year-over-year, with diluted EPS of $0.54, up from $0.46 in the prior year period. The company experienced growth in total, commercial, and consumer loans, and pre-tax, pre-provision net income rose to $25.7 million.

Horizon Bancorp reported a net income of $21.4 million, or $0.49 per diluted share, for the fourth quarter of 2021. Net interest income grew to a record $50.0 million for the quarter, up 7.4% from the third quarter of 2021 and 14.6% from the fourth quarter of 2020. Commercial loans, excluding PPP and acquired loans, grew by 2.4% during the quarter to a record $2.13 billion at period end. Consumer loans, excluding acquired loans, grew by 1.9% during the fourth quarter to a record $727.3 million at period end.

Horizon Bancorp announced record net income of $23.1 million for Q3 2021, a 4.0% increase from the previous quarter and a 13.6% increase year-over-year. Diluted EPS reached $0.52, up from $0.50 in the linked quarter and $0.46 in Q3 2020. The company completed the acquisition of 14 branches in Michigan and experienced growth in net interest income and managed non-interest expenses effectively.

Horizon Bancorp announced strong second quarter financial results, with net income growing to a record $22.2 million, up 8.6% from the linked quarter and 51.5% from the year–ago period. Diluted earnings per share (“EPS”) of $0.50.

Horizon Bancorp reported a net income of $20.4 million, or $0.46 diluted earnings per share, for the first quarter of 2021. The company's pre-tax, pre-provision net income reached a record $24.2 million. Horizon saw improvements in asset quality metrics and a decrease in the cost of interest-bearing liabilities. The company also announced an 8.3% increase in its quarterly cash dividend.

Horizon Bancorp reported a record fourth quarter in 2020, marked by significant growth in net income, pre-tax pre-provision net income, and net interest income. The company's performance was bolstered by strong mortgage lending and fee-generating businesses.

Horizon Bancorp, Inc. reported net income of $20.3 million, or $0.46 diluted earnings per share, for the third quarter of 2020. The company saw a healthy recovery in earnings and meaningful growth in pre–tax, pre–provision income. Horizon maintained sound asset quality metrics and continued to conservatively build reserves, tightly managed operating expenses, stabilized net interest income and margin, and benefited from very strong performance from its mortgage business.

Horizon Bancorp reported a net income of $14.6 million, or $0.33 diluted earnings per share, for the second quarter of 2020, compared to $11.7 million, or $0.26 diluted earnings per share, for the first quarter of 2020 and $16.6 million, or $0.37 diluted earnings per share, for the second quarter of 2019.

Horizon Bancorp reported a net income of $11.7 million, or $0.26 diluted earnings per share, for the first quarter of 2020. The company's pre-tax, pre-provision net income totaled $21.8 million. The results reflect the adoption of the CECL accounting method and the impact of the COVID-19 pandemic.

Horizon Bancorp, Inc. reported net income of $18.5 million, or $0.41 diluted earnings per share for Q4 2019, compared to $13.1 million, or $0.34 diluted earnings per share for Q4 2018.