Horizon Bancorp reported adjusted earnings of $0.53 per share for the quarter ended December 31, 2025, surpassing the Zacks Consensus Estimate of $0.50 by 6%. This result also represents a 47% year-over-year increase from $0.36 per share in Q4 2024. Management attributed the outperformance to a 12% growth in net interest income driven by higher average loan balances and a modest expansion in net interest margin to 3.45%.

Total revenue for Q4 rose 8% year-over-year, supported by a 9% increase in loan originations across commercial, residential real estate and consumer portfolios. Loan balances grew to $8.2 billion, while core deposits held steady at $7.1 billion. Non-interest income was flat sequentially, with gains in treasury management fees offsetting lower brokerage commissions in the quarter.

Asset quality remained stable, with non-performing assets at 0.78% of total assets versus 0.85% a year ago. The allowance for credit losses covered 1.25% of loans, up from 1.20% at year-end 2024. Tangible common equity to tangible assets stood at 8.1%, providing a buffer well above regulatory minimums. The tier 1 leverage ratio was reported at 9.7%.

Horizon Bancorp maintained its quarterly dividend at $0.16 per share, equating to an annualized yield of approximately 3.4%. Institutional investors hold 64.5% of shares outstanding, reflecting confidence from large asset managers. Insider ownership remains modest at 2.8%, while a beta of 0.82 indicates lower volatility relative to the broader market.