Here's What Key Metrics Tell Us About Horizon Bancorp (HBNC) Q3 Earnings

Core Insights - Horizon Bancorp reported revenue of $62.18 million for Q3 2025, a year-over-year increase of 6.4%, but fell short of the Zacks Consensus Estimate of $67 million, resulting in a surprise of -7.19% [1] - The company's EPS for the quarter was $0.30, down from $0.41 a year ago, with an EPS surprise of -34.78% compared to the consensus estimate of $0.46 [1] Financial Performance Metrics - Efficiency Ratio was reported at -22.4%, significantly better than the three-analyst average estimate of 58.5% [4] - Net Interest Margin stood at 3.5%, matching the three-analyst average estimate [4] - Annualized net charge-offs of average total loans were 0.1%, consistent with the two-analyst average estimate [4] - Average Balance of Total Interest Earning Assets was $6.77 billion, exceeding the $6.6 billion estimate by two analysts [4] - Net Interest Income was $58.39 million, surpassing the average estimate of $56.86 million based on three analysts [4] - Gain on Sale of Mortgage Loans was $1.21 million, slightly below the three-analyst average estimate of $1.28 million [4] - Interchange Fees totaled $3.51 million, slightly below the two-analyst average estimate of $3.54 million [4] - Other Income reported a loss of $6.56 million, significantly worse than the $1.03 million average estimate based on two analysts [4] - Mortgage Servicing Income net of impairment was $0.35 million, slightly below the two-analyst average estimate of $0.4 million [4] - Service Charges on Deposit Accounts were $3.47 million, exceeding the $3.24 million estimate by two analysts [4] - Fiduciary Activities generated $1.36 million, slightly above the $1.29 million average estimate based on two analysts [4] - Increase in Cash Value of Bank Owned Life Insurance was $0.38 million, above the two-analyst average estimate of $0.33 million [4] Stock Performance - Horizon Bancorp's shares have returned -3.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]