Horizon Bancorp Q2 2026 net income rises 21.1% to $24.9 million; net interest income climbs 14.7% to $63.5 million - HBNC News | RalliesHorizon Bancorp Q2 2026 net income rises 21.1% to $24.9 million; net interest income climbs 14.7% to $63.5 million
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HBNC• Balance sheet trends
- Deposits increased 2.37% to $5.4 billion since Dec. 31, 2025; borrowings fell 10.3% to $223 million on lower repurchase agreements.
Credit losses and expenses
- Provision for credit losses totaled $0.9 million, down from $2.5 million; net charge-offs increased to $605,000 from $254,000.
- Non-interest expense rose $4.4 million to $43.8 million, driven by a $3.1 million pre-tax legal accrual tied to a 2018 indirect auto case.
Q2 earnings and net interest income rise
- Horizon Bancorp posted Q2 net income of $24.9 million, up $4.3 million year over year; diluted EPS rose to $0.49 from .
$0.47
Net interest income climbed 14.7% to $63.5 million; net FTE interest margin widened 114 basis points to 4.37%.RIOT
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