Horizon Bancorp (IN) (NAS:HBNC)

Q2 2026 Horizon Bancorp Inc Earnings Call Transcript

Jul 23, 2026 / 12:30 PM GMT

Release Date Price: $20.05 (-0.79%)

Transcript 8-K

Key Points

Positve

Horizon Bancorp (IN) (HBNC) reported a strong net interest margin in the mid-430 range, indicating efficient management of interest income and expenses.
The company achieved a year-to-date deposit growth of approximately 5% annualized, showcasing effective deposit-gathering strategies.
Commercial loan performance was robust, with a 5.7% annualized growth in the second quarter, driven by strong contributions from Michigan, Indianapolis, and Northwest Indiana markets.
Credit quality remains a significant strength, with net charge-offs at just 5 basis points annualized, reflecting stable borrower performance.
Non-interest income grew by 10% compared to the previous year, led by fiduciary activities and mortgage, each growing by about 20% year-on-year.

Negative

The company established an accrual for legal expenses related to an unfavorable litigation decision, impacting earnings by approximately $0.05 per share in the quarter.
Commercial real estate balances remained relatively flat due to elevated payoff activity, which could indicate challenges in retaining commercial real estate clients.
Interest-bearing deposit costs are expected to trend modestly higher, which could pressure net interest margins if not managed effectively.
The company anticipates maintaining higher cash balances, which could be marginally dilutive to the net interest margin percentage.
There were some deals lost due to aggressive pricing and structure from competitors, indicating a highly competitive market environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HBNC.OQ - Horizon Bancorp Inc
Q2 2026 Horizon Bancorp Inc Earnings Call
Jul 23, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to the Horizon Bancorp, Inc. conference call to discuss financial results for the second quarter of 2026. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touch tone phone. To withdraw your question, please press star and then two. Now, I will turn the call over to Todd Etzler, Executive Vice President, Corporate Secretary, and General Counsel for the opening introduction.

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