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Horizon Bancorp Q1 net income rises 9.21% to $26.2 million
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Horizon Bancorp Q1 net income rises 9.21% to $26.2 million
  • Horizon Bancorp posted net income of $26.2 million, rising $2.2 million year over year, while diluted EPS was $0.51 for the quarter ended March 31, 2026.
  • Net interest income climbed 19.1% to $62.2 million, with net FTE interest margin widening 125 basis points to 4.29%.
  • Non-interest income fell 32% to $11.24 million, reflecting a $6.3 million drop in other income to $967,000 tied to a prior-year $7 million pretax gain on a mortgage warehouse business sale that did not recur.
  • Non-interest expense increased 4% to $40.75 million, while provision for credit losses on loans eased to $624,000 from $1.54 million.
  • Total assets rose 2% to $6.56 billion, with deposits up 2.8% to $5.4 billion and borrowings down 9.2% to $225.8 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000706129-26-000046), on May 08, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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