Horizon Bancorp, Inc. filed its Form 10-Q with the SEC on November 6, 2026, covering the quarterly period ended September 30, 2026, reporting a swing to profitability compared with the prior-year quarter.

Key Highlights

  • Net income of $28,667 thousand for the three months ended September 30, 2026, compared with a net loss of $221,990 thousand in the same period of 2025, according to the filing.
  • Diluted earnings per share of $0.56 for Q3 2026, versus a loss per diluted share of $4.69 in Q3 2025, as reported in the condensed consolidated statements of income.
  • Total assets reached $6,591,145 thousand at September 30, 2026, up from $6,436,611 thousand at December 31, 2025.
  • Net loans of $4,953,669 thousand at quarter-end, with an allowance for credit losses of $52,310 thousand, compared with net loans of $4,825,243 thousand at year-end 2025.
  • Total deposits grew to $5,481,374 thousand from $5,275,417 thousand at December 31, 2025, the filing disclosed.
  • Net interest income was $65,159 thousand for the three months ended September 30, 2026, rising from $58,386 thousand in the year-ago quarter.
  • 51,347,804 shares of common stock were outstanding as of November 4, 2026, as indicated on the filing's cover page.

Horizon Bancorp Reports Q3 2026 Financial Results for Indiana-Based Community Bank

Horizon Bancorp, Inc. (NASDAQ:HBNC), an Indiana-chartered bank holding company headquartered at 515 Franklin Street, Michigan City, Indiana, operates as an accelerated filer under SEC rules. The company's core banking operations generated total interest income of $91,069 thousand for the three months ended September 30, 2026, compared with $92,836 thousand in the prior-year quarter, while total interest expense declined to $25,910 thousand from $34,450 thousand, according to the filing. This reduction in funding costs contributed to the increase in net interest income year over year.

The company disclosed credit loss expense of $1,300 thousand for Q3 2026, contrasting sharply with a credit loss benefit of $3,572 thousand recorded in Q3 2025. Non-interest income totaled $11,930 thousand for the three-month period, compared with a non-interest loss of $295,334 thousand in Q3 2025, the prior-year figure having been heavily affected by a reported loss on sale of investment securities of $299,132 thousand. Non-interest expense for the quarter was $41,512 thousand, down from $52,952 thousand a year earlier, which the filing shows included $12,680 thousand of prepayment penalties in the prior-year period.

For the nine months ended September 30, 2026, net income available to common shareholders was $79,743 thousand, or $1.55 diluted earnings per share, compared with a net loss of $177,404 thousand, or $3.94 loss per diluted share, for the same period in 2025. Total stockholders' equity stood at $699,303 thousand at September 30, 2026, against $688,251 thousand at December 31, 2025. Accumulated other comprehensive loss widened to $72,012 thousand from $25,996 thousand, driven in part by unrealized losses on available-for-sale securities during the period, the filing indicated. The company reported goodwill of $155,211 thousand and other intangible assets of $5,209 thousand on its balance sheet as of September 30, 2026.

What Was Disclosed

Horizon Bancorp filed its unaudited quarterly report covering the three and nine months ended September 30, 2026, disclosing balance sheet growth in total assets and deposits, improved net interest income, and a return to net profitability versus the year-ago periods that were impacted by significant investment securities losses.