HBNC

In the past six months, Horizon Bancorp's stock experienced fluctuations due to key events and financial results. Q3 2025 earnings missed expectations, leading to a stock price decline, with a decrease in non-interest income due to investment security sales and the sale of the indirect auto portfolio. Total assets decreased by 13.9% from Q1 2025 to Q1 2026. Despite the Q3 2025 earnings miss, Horizon Bancorp projected a positive outlook for its net interest margin, expecting it to reach between 4.15% and 4.25% in Q4 2025 and 4.2% to 4.3% in 2026, and anticipated low double-digit growth in net interest income for 2026. Q1 2026 earnings exceeded expectations, with GAAP earnings of $26.2 million, or $0.51 per share, while revenue fell slightly short of estimates. The net interest margin remained stable at 4.29%. The company announced a quarterly dividend of $0.16. Strategic asset sales in 2025 reduced risk and were expected to improve margins and return on assets. The stock has increased by 9.0% since the beginning of 2026, trading at $18.49 as of May 7, 2026.