HBNC
Horizon Bancorp, Inc.18.36
-0.10-0.54%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
940.69MP/E (TTM)
-Basic EPS (TTM)
-4.19Dividend Yield
0.03%Recent Filings
8-K
10-Q
Q3 FY2025 results
Horizon Bancorp posted a Q3 net loss of $222M ($4.69/share) versus $18M profit last year, slammed by a $299M loss on securities sales after reclassifying its $1.8B held-to-maturity portfolio to available-for-sale and unloading $1.4B. Net interest income climbed 24.5% y/y to $58M (derived), with margin expanding 86bps to 3.52% on loan yields and cheaper deposits, while credit provision flipped to a $3.6M benefit. Balance sheet shrank to $6.7B on repositioning; cash hit $458M, borrowings plunged 80% after $700M FHLB payoffs (incurring $12.7M penalties), offset by $100M subordinated notes and $98M equity raise. Loans dipped slightly to $4.8B despite commercial growth, nonperformers at 0.61%. Solid capital (15% total risk-based). Rate volatility lingers.
8-K
Q3 loss masks repositioning win
Horizon Bancorp posted a Q3 net loss of $222M, or $(4.69)/share, hammered by a $299M securities sale loss and $13M FHLB prepay penalty amid balance sheet repositioning—selling $1.7B securities, $176M auto loans, and paying off $700M advances. Yet core operations shone: net interest income hit $58.4M with FTE NIM expanding to 3.52%, commercial loans grew 7% annualized, charge-offs stayed at 0.07%. Repositioning complete, eyes now on top-tier returns.
8-K
Board adds banking veteran
Horizon Bancorp expanded its board to 13 members on October 10, 2025, electing Larry S. Magnesen as an independent director in the Class of 2026, with his term running until the 2026 annual meeting. Magnesen, retired Senior VP of Corporate Communications at Fifth Third Bank, brings over 40 years of banking experience in marketing, reputation management, and retail/business banking. He joins the Enterprise Risk Management, Credit Policy, and Fair Lending Committee and the Wealth Committee. His expertise bolsters Horizon's Midwest growth strategy amid pivotal expansion.
8-K
Q3 2025 earnings call scheduled
Horizon Bancorp announced its third quarter 2025 financial results release for after market close on October 22, followed by a conference call on October 23 at 7:30 a.m. CT. Investors can dial in to hear management's discussion of the $7.7 billion-asset bank's performance. No results disclosed yet. Earnings await.
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