HORIZON BANCORP INC /IN/ — Form 8-K

Horizon Bancorp reported Q2 2026 net income of $24.9 million ($0.49 diluted EPS), down 5% from Q1 2026's $26.2 million ($0.51 EPS), but up 21% from Q2 2025's $20.6 million ($0.47 EPS). Results were dampened by a $3.1 million pre-tax legal charge ($0.05 per share), reducing after-tax impact. Excluding the charge, performance would have been stronger. Core business metrics remained robust: net interest margin expanded to 4.37% FTE (vs. 4.29% Q1), net interest income grew 14.7% YoY to $63.5M, loans HFI increased $75.9M (6.6% annualized), and deposits declined modestly by $22.1M due to planned time deposit calling. Capital ratios strengthened—CET1 rose to 11.09%, total risk-based capital to 15.01%. Management reaffirmed mid-single-digit guidance for full-year 2026 loan and deposit growth, low-teens NII growth, and low-to-mid $160M expense range (excluding Q2 legal charge).