Horizon Bancorp's third quarter 2026 EPS of $0.56 beat estimates as NIM held at 4.37%

Horizon Bancorp reported third quarter 2026 earnings that exceeded analyst bottom-line expectations, driven by a resilient net interest margin and disciplined expense management. While total revenue of $77.1 million slightly trailed the consensus estimate of $77.99 million, the company maintained top-tier profitability metrics including an annualized return on average assets of 1.73%.

Key Highlights

• Diluted EPS reached $0.56, surpassing the $0.54 consensus estimate, while net interest income grew to $65.2 million.
• Net Interest Margin (FTE) remained robust at 4.37%, beating the 4.30% target and remaining consistent with the second quarter of 2026.
• Total loans held for investment increased 3.7% on a linked-quarter annualized basis, supported by balanced growth across commercial, mortgage, and consumer portfolios.
• Credit quality indicators were stable, with annualized net charge-offs totaling just 0.10% of average loans and non-performing assets at 0.68% of total assets.