Horizon Bancorp(US:HBNC)2025-04-24 21:40Financial Performance - Net income increased to $23493 thousand, compared to a loss of $10882 thousand in the previous quarter[9] - Diluted EPS was $054, compared to a loss of $025 in the previous quarter[9] - Net interest margin (NIM) expanded to 304%, a sixth consecutive quarter of expansion[9] - Non-interest income was $16499 thousand, compared to a loss of $28954 thousand in the previous quarter, including a $70 million pre-tax gain from the sale of the mortgage warehouse business[9, 10] Balance Sheet and Loan Growth - Total loans held for investment increased to $4909815 thousand[9] - Total deposits increased to $5765783 thousand[9] - Linked quarter annualized (LQA) loan growth of 5%, with commercial loan growth of 14% LQA[10] - Strategic reduction in borrowings of $330 million[10] Credit Quality - NPA/total assets ratio was 041%[9] - Annualized net charge-offs to average loans was 007%[9] Guidance - Full-year 2025 net interest income is expected to grow in the mid-teens[56] - Period-end total loans HFI to grow mid-single-digits[56]