Horizon Bancorp

Horizon Bancorp, Inc. reported net income of $24.9 million, or $0.49 per diluted share, for the second quarter of 2026. The results included a pre-tax legal charge of $3.1 million, which reduced earnings by $0.05 per diluted share. Net interest income rose 14.7% year-over-year to $63.5 million, and the net interest margin on a fully taxable equivalent basis expanded to 4.37% from 4.29% in the prior quarter. Total loans held for investment increased 6.6% on an annualized linked-quarter basis, driven by strong organic commercial loan growth, while credit quality remained solid with annualized net charge-offs of just 0.05% of average loans. President and CEO Thomas Prame highlighted the consistency of Horizon's profitability profile and the strength of its community banking model, noting that annualized returns on average assets have maintained around the 1.60% mark.