What is the revenue and EPS growth rate for Horizon Bancorp year over year?

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What were the key takeaways from Horizon Bancorp's earnings call?

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Did Horizon Bancorp beat or miss consensus estimates last quarter?

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- **Record Q4 Performance**: ROA 1.6%, ROE 16%, NIM 4.29% with 9% annualized commercial loan growth.
- **2026 Outlook**: NIM 4.25%-4.35%, driven by 6.5%+ loan coupons and 40% deposit beta to rate cuts.
- **Credit Strength**: Substandard loans down 8% Y/Y, NPAs stable at 72 bps with 8 bps charge-offs.

**【Management Opening Remarks】**
- CEO Thomas Prame highlighted Q4 2025 results, including annualized ROA of 1.6%, ROE of 16%, and NIM of 4.29%, driven by loan growth and deposit cost management.
- CFO John Stewart emphasized 2026 outlook with NIM guidance of 4.25%-4.35%, supported by commercial loan growth and balanced deposit expansion.

**【Commercial Loan Growth & Credit Quality】
- Total loans grew $60.7M Q/Q, with commercial loans up 9% annualized, led by Michigan and Indiana markets.
- Non-performing loans (NPAs) at 72 bps, stable credit metrics with net charge-offs at 8 bps annualized.

**【Financial Performance & Guidance】
- Q4 NIM expanded 77 bps to 4.29%, driven by 6.5%+ new loan coupons and 40% deposit beta to rate cuts.
- 2026 guidance: loans/deposits +mid-single digits, fee income $40-45M, expenses $160-165M, tax rate 18%-20%.

**【Q&A Highlights】
- Management expects 2026 loan growth funded by core deposits, with limited risk from 2H rate cuts.
- Credit quality metrics remain strong, with substandard loans down 8% Y/Y despite modest NPA increases.
- Capital deployment focused on organic growth, with disciplined M&A consideration.

Horizon Bancorp, Inc. (HBNC) Q4 2025 Earnings Call Transcript

- **Margin Expansion**: Q3 net interest margin +29 bps to 3.52%, with Q4 exit rate targeting 4.2%-4.3%.
- **Loan Growth Momentum**: Commercial loans up $58M Q/Q, core deposit resilience supporting 4%+ margin.
- **M&A Focus**: Eyeing $300M-$400M+ deals in Michigan/Indiana, with 2026 EPS guidance at $2/share.
- **Credit Strength**: Substandard loans at 1.31%, no material stress in commercial portfolio post-indirect auto exit.
- **Capital Efficiency**: Peer-leading ROA and ROTCE, with 2026 non-FTE net interest income growth >10%.

**【CEO Summary Section】**
- **Balance Sheet Restructuring Success**: Exceeded initial expectations, achieving top-tier financial outcomes. Net interest margin expanded for the eighth consecutive quarter, exiting September above 4%. 
- **Loan Growth and Deposit Resilience**: Loan balances increased $48 million (excluding runoff), driven by commercial lending. Core deposit portfolios remained stable, with planned outflows in high-cost transactional accounts.
- **Fee Income Performance**: Service charges, wealth, card, and mortgage income rose, supported by disciplined expense management.
- **2026 Outlook**: Confident in delivering superior financial performance with a focus on profitable loan growth and peer-leading capital generation.

**【CFO Financial Commentary】**
- **Net Interest Margin Expansion**: Q3 margin increased 29 bps to 3.52%, driven by well-priced commercial loans and stable funding costs. Q4 margin expected to expand to 4.15%-4.25%, with year-end exit rate of 4.2%-4.3%.
- **Balance Sheet Repositioning**: Reduced liquidity and interest rate risk through $535M reinvestment, repayment of $700M FHLB advances, and $275M targeted deposit runoff. Securities portfolio now 80% liquid with reduced duration.
- **Expense Management**: Noninterest expense flat Q/Q, excluding one-time items. Q4 expenses expected at $40M, including $0.7M sub debt write-off.
- **Capital Generation**: Peer-leading ROA and ROTCE, with 2026 EPS guidance aligning with consensus ($2/share) and non-FTE net interest income growth in low double digits.

**【Q&A Highlights】**
- **M&A Strategy**: Focus on $300M-$400M+ transactions in Michigan and Indiana, leveraging strong community banking franchise. No immediate buyback plans, prioritizing M&A and organic growth.
- **Credit Quality**: Substandard loans at 1.31%, nonperforming loans at 0.64%, with minimal stress in commercial portfolio. Indirect auto portfolio exit reduced credit risk.
- **Rate Sensitivity**: Balance sheet neutral to rate changes, with 25% floating-rate loans and minimal repricing exposure on deposits.
- **Loan Growth Outlook**: Mid-single-digit annualized growth in 2026, driven by commercial lending and disciplined credit underwriting.

Horizon Bancorp, Inc. (HBNC) Q3 2025 Earnings Call Transcript

- **Margin Expansion**: Q2 net interest margin 3.23% (+19bps), with 7bps from recoveries; mid-teens 2025 NII growth.
- **Loan Growth**: Commercial +14.8% QoQ, 6.2% annualized; indirect auto runoff $125M vs. prior $100M.
- **Expense Control**: Full-year expenses flat vs. 2024; 2025 operating leverage maintained.
- **Credit Quality**: Annualized charge-offs 5bps, substandard loans 1.29%, NPLs 54bps.
- **Strategic Moves**: Piloting equipment finance, considering buybacks, targeting M&A in $500M-$1B range.

**【CEO Summary Section】**
- Reported EPS grew 58% year-over-year for the first half of 2025, driven by 7 consecutive quarters of net interest margin expansion.
- Q2 net interest margin expanded 19 basis points to 3.23%, with 7 basis points from outsized interest recoveries.
- Loan growth of 6.2% annualized (commercial +14.8%) and stable asset quality (net charge-offs 2 basis points).
- Full-year net interest income growth expected in mid-teens, with modest margin expansion in second half.

**【CFO Financial Commentary】**
- Q2 GAAP net income $42.3 million, up 18% YoY; Non-GAAP EPS $1.08 vs. $0.95 prior year.
- Expense management tight: Q2 expenses $39.4 million, flat vs. prior year; 2025 outlook now flat vs. 2024 ($158.8M).
- Capital ratios improved, tangible book value per share +10% YoY.
- Indirect auto portfolio runoff increased to $125M vs. prior $100M guidance.

**【Commercial Banking Highlights】**
- Commercial loans +$117M (14.8% QoQ), C&I mix expanding; consumer loans down $41M as planned.
- Credit quality strong: substandard loans 1.29%, NPLs 54 basis points, annualized charge-offs 5 basis points.
- Equipment finance pilot launched to diversify noninterest income.

**【Q&A Highlights】**
- Capital use: Considering buybacks, but prioritizing organic loan growth and balance sheet efficiency.
- Lending competition: Pricing compression but disciplined underwriting; 60%+ loan growth from existing customers.
- Deposit trends: Consumer funding stable at 4%, public funds competitive but managed prudently.
- M&A: Open to $500M-$1B deals in Indiana/Michigan, focusing on distribution expansion.


Horizon Bancorp, Inc. (HBNC) Q2 2025 Earnings Call Transcript

- **Margin Expansion**: Net interest margin reached 3.04% in Q1, up 8 basis points, driven by higher-yielding commercial loans.
- **Loan Growth**: 5% annualized loan growth (14% for commercial) supported by strong CRE and C&I pipelines.
- **Cost Control**: Sequential expense reduction with full-year growth expected to be flat to low single digits.
- **Capital Action**: Share buybacks prioritized, with $7 million gain from mortgage warehouse sale boosting capital flexibility.
- **Credit Quality**: Nonperforming loans at 62 basis points, net charge-offs at 7 basis points, below peer levels.
- **Tariff Resilience**: Stable pipelines and cautious underwriting mitigate macroeconomic risks.


**【Management Opening Remarks】**
- Horizon reported a sixth consecutive quarter of net interest margin expansion, reaching 3.04% in Q1 2025, driven by strategic balance sheet management and higher-yielding commercial loans.
- Annualized loan growth of 5% (14% for commercial loans) was supported by strong commercial banking performance, with $63 million in net loan growth.
- Noninterest income included a $7 million gain from the sale of the mortgage warehouse business, offsetting seasonal declines in interchange fees.
- Operating expenses decreased sequentially, with a focus on cost control and expense run rate reduction.

**【CFO Financial Commentary】**
- Net interest margin expanded by 8 basis points to 3.04%, excluding one-time recoveries, reflecting improved asset/liability mix.
- Full-year net interest income growth expected in the mid-teens, driven by loan growth and margin expansion.
- Borrowings reduced by $330 million in Q1, exceeding the planned $200 million reduction, with no material impact from Fed rate cuts.
- Expense growth for 2025 projected to be flat to low single digits, with ongoing focus on operational efficiency.

**【Commercial Banking Performance】**
- Commercial loans grew $105 million (14% annualized), with a balanced mix of 58% CRE and 42% C&I, avoiding sector concentrations above 10%.
- Credit quality remained strong, with nonperforming loans at 62 basis points and net charge-offs at 7 basis points.
- Equipment finance originations and small ticket lending contributed to C&I growth, with pipelines stable despite macroeconomic uncertainty.

**【Q&A Highlights】**
- **Capital Allocation**: Management emphasized share buybacks as a priority, given attractive price-to-book ratios, alongside dividend increases and M&A opportunities.
- **Loan Growth Outlook**: Mid-single-digit annual growth expected, with C&I growth supported by equipment finance and diversified industry exposure.
- **Deposit Pricing**: CD growth offset money market declines, with weighted average CD duration of 6-7 months allowing quick repricing if rates fall.
- **Tariff Impact**: Customers remain cautious but pipelines stable, with underwriting focused on sponsor liquidity and construction reserves.
- **Mortgage Strategy**: Mortgage lending team expansion expected to drive 2025 growth, despite inventory constraints in key markets.


Horizon Bancorp (HBNC)-24 Apr 25-2025 Q1 Earnings call transcript

- **Revenue Growth**: 10% annualized loan growth (excluding warehouse) driven by commercial lending; net interest margin +31bps Q/Q to 2.97%.
- **Profitability**: Non-GAAP EPS of $1.08 beats expectations; 2025 net interest income growth ~15%.
- **Cost Control**: 2025 expense run rate expected to decline, with $1.1M shares authorized for buybacks.
- **Strategic Focus**: 2025 commercial loan growth target ~15% annualized, offset by $100M indirect auto runoff; equipment finance to add $150-175M.
- **Risk Management**: ACL ratio stable at 1.07%, with improving credit metrics in core commercial portfolio.


**【CEO Opening Remarks】**
- Q4 2024 revenue highlighted by 10% annualized loan growth (excluding warehouse), driven by commercial lending and strategic reduction of lower-yielding auto loans.
- Net interest margin expanded 31bps Q/Q to 2.97%, benefiting from Fed rate cuts and balance sheet optimization.
- Deposit portfolio maintained stability, with core deposits flat and higher-cost CDs reduced to improve profitability.
- 2025 outlook includes mid-single-digit loan growth, margin expansion, and disciplined expense management.

**【CFO Financial Highlights】**
- Q4 GAAP net income: $420M; Non-GAAP EPS: $1.08 (exceeds expectations).
- Operating expenses elevated by $2.5M in Q4 due to strategic initiatives (e.g., compensation restructuring), but 2025 run rate expected to decline.
- 2025 net interest income growth ~15%, driven by margin expansion and stable earning assets.
- Effective tax rate guidance for 2025: mid-teens, reflecting higher bank earnings and reduced solar tax credits.

**【Q&A Key Takeaways】**
- **Loan Growth Strategy**: 2025 commercial loan growth target ~15% annualized, offset by $100M runoff in indirect auto loans. Equipment finance division to contribute $150-175M in 2025.
- **Capital Deployment**: $1.1M shares authorized for buybacks; no immediate M&A plans, but open to accretive opportunities.
- **Margin Expansion Drivers**: FHLB advance paydown ($200M @4%), deposit repricing, and higher-yielding commercial loans.
- **Credit Quality**: ACL ratio stable at 1.07%, with charge-offs concentrated in legacy auto portfolio.
- **Deposit Competition**: Resilient core deposit base (70+ branches) and treasury management team mitigate pricing pressure.


Actual									0.24	0.3862	0.4842	0.52	0.44	0.5	0.52	0.54	0.54	0.56	0.55	0.48	0.43	0.41	0.37	0.33	0.32	0.32	0.41	0.39	0.43	0.47	0.6	0.53
Forecast									0.3	0.222	0.356	0.396	0.414	0.438	0.47	0.534	0.468	0.52	0.604	0.506	0.406	0.376	0.362	0.306	0.312	0.312	0.37	0.3999	0.405	0.4383	0.475	0.5017
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.00%	+73.96%	+36.01%	+31.31%	+6.28%	+14.16%	+10.64%	+1.12%	+15.38%	+7.69%	-8.94%	-5.14%	+5.91%	+9.04%	+2.21%	+7.84%	+2.56%	+2.56%	+10.81%	-2.48%	+6.17%	+7.23%	+26.32%	+5.64%

HBNC

HBNC fundamentals

HBNC Q4 2025 Earnings

Earnings Call

You can ask Aime

HBNC

HBNC fundamentals

HBNC Q4 2025 Earnings

Earnings Call

HBNC Earnings Call Summary for Q4/20258:30 AM on Jan 22, 2026

HBNC Earnings Call Summary for Q3/20258:30 AM on Oct 23, 2025

HBNC Earnings Call Summary for Q2/20258:30 AM on Jul 24, 2025

HBNC Earnings Call Summary for Q1/20258:30 AM on Apr 24, 2025

HBNC Earnings Call Summary for Q4/20248:30 AM on Jan 23, 2025

You can ask Aime