HORIZON BANCORP INC /IN/ — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Horizon Bancorp reported Q3 2026 net income of $28.7M ($0.56 diluted EPS) vs. $24.9M in Q2 2026 and a $222M loss in Q3 2025. Nine-month 2026 net income was $79.7M ($1.55 EPS) vs. $177.4M loss in nine-month 2025. Loans HFI grew $46.9M quarter-over-quarter (3.7% annualized); deposits grew $81.2M (6.0% annualized). Net interest margin held flat at 4.37% FTE. Return on average assets: 1.73%; return on tangible common equity: 20.03%. Capital ratios strengthened: CET1 to 11.53% (up 44 bps); total risk-based capital to 15.48%. No material counterparties, transactions, or acquisitions disclosed; results reflect operational performance and modest organic balance-sheet expansion within guidance.
Why this rating
Solid operational Q3 with organic loan/deposit growth and margin stability. At $655.8M market cap, $28.7M quarterly earnings (~1.7% of value) and $0.2B YTD asset growth (~3% of balance sheet) are material but routine for a regional bank. Recovery from Q3 2025 loss is notable; capital strengthening is healthy. No transformational event; standard community bank execution.
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