Beyond ordinary banking Important Information Investor Presentation H o r i z o n B a n c o r p , I n c . ( N A S D A Q : H B N C ) Ye a r E n d e d D e c e m b e r 3 1 , 2 0 2 5 J a n u a r y 2 2 , 2 0 2 6 Forward-Looking Statements This press release may contain forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, "Horizon"). For these statements, Horizon claims the protection of the s ...

分组1 - Horizon Bancorp reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and showing an increase from $0.36 per share a year ago, resulting in an earnings surprise of +6.70% [1] - The company achieved revenues of $74.94 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.10%, and significantly up from $24.17 million year-over-year [2] - Horizon Bancorp has outperformed the S&P 500, with shares increasing by about 1.8% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $72.45 million, and for the current fiscal year, it is $2.03 on revenues of $300.75 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 34% of over 250 Zacks industries, indicating that the industry is performing well [8] - Horizon Bancorp currently holds a Zacks Rank 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]

Core Insights - Horizon Bancorp reported a strong financial performance for the fourth quarter of 2025, showcasing effective balance sheet repositioning and robust community banking model [2][3][6] Financial Performance - Net income for Q4 2025 was $26.9 million, or $0.53 per diluted share, a significant recovery from a net loss of $222.0 million in Q3 2025 and a net loss of $10.9 million in Q4 2024 [3][6] - The annualized return on average assets was 1.63%, and return on average equity was 15.71% for Q4 2025, indicating strong profitability metrics [6][10] - Net interest income increased to $63.5 million, up 8.7% from $58.4 million in Q3 2025 and 19.5% from $53.1 million in Q4 2024 [6][10] Loan and Deposit Trends - Total loans held for investment increased by 4.4% compared to the previous quarter, with organic commercial loan growth of $75.8 million, or 9.1% annualized [6][20] - Total deposits decreased by $245.5 million, or 4.4%, to $5.3 billion, primarily due to the intentional runoff of higher-cost transactional deposits [21] Credit Quality - Credit quality remained strong, with annualized net charge-offs at 0.08% of average loans in Q4 2025, compared to 0.07% in Q3 2025 [12][24] - The allowance for credit losses as a percentage of loans held for investment was 1.05% at the end of Q4 2025, slightly up from 1.04% in Q3 2025 [13][24] Expense Management - Non-interest expenses were $40.6 million in Q4 2025, down from $53.0 million in Q3 2025, largely due to the absence of a $12.7 million prepayment penalty incurred in the previous quarter [18][19] - The efficiency ratio improved to 54.20%, reflecting better expense management [6][18] Capital Position - As of December 31, 2025, the total capital ratio was 14.37%, and the Tier 1 capital ratio was 11.52%, indicating a solid capital position [22][23] - Book value per common share increased to $13.50, up $0.54 during Q4 2025 [22][23]

Financial Results Announcement - Horizon Bancorp, Inc. will release its financial results for Q4 2025 after market close on January 21, 2026[4] - A conference call to discuss the Q4 2025 financial results is scheduled for January 22, 2026, at 7:30 a.m. CT (8:30 a.m. ET)[4] - The press release regarding the earnings announcement is attached as Exhibit 99.1[5]

Core Viewpoint - Horizon Bancorp, Inc. will host a conference call on January 22, 2026, to discuss its fourth quarter 2025 financial results, with the news release published on January 21, 2026 [1] Group 1: Conference Call Details - The conference call is scheduled for 7:30 a.m. CT (8:30 a.m. ET) on January 22, 2026, with access numbers provided for participants from the U.S., Canada, and international locations [2] - A telephone replay of the call will be available approximately one hour after the conference call ends, lasting until January 30, 2026, with specific access numbers for the U.S., Canada, and international callers [3] Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets of $6.7 billion as of September 30, 2025, serving customers in Midwestern markets through digital tools and physical branches in Indiana and Michigan [4] - The company offers a range of retail banking services, including residential and secured consumer lending, personal banking, wealth management, business banking, treasury management, and equipment financing, with commercial lending making up over half of total loans [4]

Core Insights - Horizon Bank has appointed Pam Zarazee as the Senior Vice President and Director of Human Resources, indicating a strategic move to enhance its HR capabilities and culture [1][2]. Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $6.7 billion, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [5]. - The bank offers a variety of services, including residential and secured consumer lending, personal banking, wealth management, business banking, treasury management, and equipment financing, with commercial lending making up over half of total loans [5]. Leadership and HR Strategy - Pam Zarazee will oversee talent management, employee engagement, and compensation functions, and will be part of the Senior Leadership Team, contributing to the bank's Advisor-driven culture [2][3]. - The CEO, Thomas Prame, highlighted Zarazee's extensive experience in employee development, succession planning, and HR technology, which is expected to add significant value to the organization [3]. Educational Background - Pam Zarazee holds a Bachelor of Science in Human Resources and Business from Indiana University and a Master's degree from the University of Notre Dame, showcasing her strong educational foundation in HR [4].

Core Viewpoint - Horizon Bancorp (HBNC) has underperformed in the past year, with a loss of approximately 10% in share value, but the company is implementing significant changes to improve its balance sheet positioning [1] Group 1: Company Performance - Shares of Horizon Bancorp have decreased by about 10% over the last year [1] Group 2: Strategic Actions - The company is taking transformative actions to alter its balance sheet positioning [1]

Core Viewpoint - Horizon Bancorp (HBNC) has underperformed in the past year, with a loss of approximately 10% in value, but the company is implementing transformative actions to improve its balance sheet positioning [1] Group 1 - Horizon Bancorp's stock has decreased by about 10% over the last year [1] - The company is taking significant steps to alter its balance sheet [1]

Financial Performance - Net income for the three months ended September 30, 2025, decreased to a net loss of $222.0 million, or $(4.69) per diluted share, compared to net income of $18.2 million, or $0.41 per diluted share for the same period in 2024[178]. - For the nine months ended September 30, 2025, net income decreased to a net loss of $177.4 million, or $(3.94) per diluted share, compared to net income of $46.3 million, or $1.05 per share for the same period in 2024[179]. - Non-interest income decreased by $306.8 million during the three months ended September 30, 2025, primarily due to a loss on sale of investment securities amounting to $299.1 million[178]. - Non-interest income decreased by $306.8 million, resulting in a net loss of $295.3 million for the three months ended September 30, 2025, compared to a gain of $11.5 million in 2024[186]. - Total non-interest expense for the nine months ended September 30, 2025, was $131.7 million, an increase of $17.8 million compared to $113.9 million in 2024[192]. Interest Income and Expenses - Net interest income increased by $11.5 million, or 24.5%, to $58.4 million for the three months ended September 30, 2025, despite a decrease in average earning assets[180]. - For the nine months ended September 30, 2025, net interest income increased by $30.5 million to $166.0 million, with the net FTE interest margin rising by 66 basis points to 3.26%[180]. - The increase in interest income for the three months ended September 30, 2025, was $1.9 million, while interest expense decreased by $9.5 million[178]. - Total interest income for the three months ended September 30, 2025, was $1,528 million, a decrease of $1,499 million compared to the same period in 2024[185]. Asset and Liability Management - Total assets decreased by $1.1 billion, or 14.0%, to $6.7 billion as of September 30, 2025, primarily due to balance sheet repositioning efforts[201]. - Total investment securities decreased by $1.2 billion, or 58.0%, to $0.9 billion as of September 30, 2025, following the movement of the entire held-to-maturity securities portfolio to available-for-sale[202]. - Total loans HFI decreased by $23.4 million to $4.8 billion as of September 30, 2025, due to the sale of approximately $176 million of the indirect auto portfolio[203]. - Total deposit balances decreased by $79.8 million, or 1.4%, to $5.5 billion as of September 30, 2025, driven by a decline in high-cost transactional deposits[204]. - Total borrowings decreased by $985.1 million, or 79.9%, to $247.2 million as of September 30, 2025, due to the payoff of $700 million in FHLB advances[205]. Credit Quality and Losses - As of September 30, 2025, the allowance for credit losses (ACL) on loans was $50.2 million, or 1.04% of period-end loans held for investment (HFI), compared to $52.0 million, or 1.07% at December 31, 2024[211]. - The company recorded a benefit for credit losses on loans of $3.4 million for the three months ended September 30, 2025, compared to a provision of $1.0 million for the same period in 2024[196]. - Net loan charge-offs increased by $0.5 million to $0.8 million for the three months ended September 30, 2025, compared to $0.4 million during the same period in 2024[197]. - Total non-performing assets increased by $8.3 million, or 30%, from December 31, 2024, to 0.53% of total assets as of September 30, 2025[212]. - The allowance for credit losses decreased to $50,178,000 as of September 30, 2025, compared to $51,980,000 at December 31, 2024, a decline of 3.5%[213]. Equity and Capital Management - Stockholders' equity totaled $660.8 million as of September 30, 2025, down from $763.6 million at December 31, 2024, a decrease of 13.5%[217]. - The ratio of total stockholders' equity to total assets was 9.84% as of September 30, 2025, compared to 9.62% at December 31, 2024[218]. - Tangible common equity totaled $497.7 million at September 30, 2025, down from $588.5 million at September 30, 2024, a decrease of 15.4%[227]. Future Outlook and Risks - The company faces risks from macroeconomic conditions, including trade policy and interest rate volatility, which could impact future performance[172]. - The Company projected a $6,013,000 decrease in net interest income with a 200 basis points decline in interest rates, representing a 2.3% change[231].

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]