Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — Q1 2026 Earnings Presentation
21 slides from Horizon Bancorp's earnings presentation, Apr 23, 2026
Slide 1: Investor Presentation
Investor Presentation Horizon Bancorp, Inc. (NASDAQ: HBNC) First Quarter Ended March 31, 2026 April 23, 2026 Beyond ordinary banking
Slide 2: Important Information
Important Information 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 cla
Slide 3: Durable Top-Tier Performance
Durable Top-Tier Performance • ROA: 1.62%. Continued top tier performance levels from Q4 at 1.63%. Key Performance Metrics • ROTCE*: 19.02%. Consistency in shareholder value creation from Q4 at 20.66%. • NIM*: 4.29%. Durable net interest margin, aligned with Q4 at 4.29%. • Solid growth of 40 bps in
Slide 4: Franchise Valued Loan Growth
Franchise Valued Loan Growth HIGHLIGHTS & DEVELOPMENTS 14% • Total Commercial Loans continue to have strong momentum • Commercial Real Estate grew $21.7 million, or 3.6% LQA. 15% Consumer Total Loans* • C&I loans increased $12.5 million, or 5.0% LQA. Residential $4.9B MRQ end Commercial • Modest dec
Slide 5: Diversified Commercial Portfolio
Diversified Commercial Portfolio 4% HIGHLIGHTS & DEVELOPMENTS 10% 28% • Commercial loan balances grew 4.0% LQA 9% Central Indiana • Quarter end balances up $34 million. West Michigan • Grand Rapids, Indianapolis and Northwest Indiana Geography Southwest Michigan regions primarily contributed to the
Slide 6: Prime Consumer Portfolio
Prime Consumer Portfolio HIGHLIGHTS & DEVELOPMENTS 6% • High quality Mortgage and Consumer (primarily HELOC) portfolios, with well qualified borrowers and significant equity in homes. • Management elected to not leverage balance sheet with lower Mortgage Mix yielding mortgages in Q4 and Q1, maintain
Slide 7: Strong Asset Quality Metrics
Strong Asset Quality Metrics HIGHLIGHTS & DEVELOPMENTS Non-Performing Loans (period end) $37.0 $34.9 • Net Charge Offs of 5 basis points annualized remain low, and $30.4 $31.0 0.76% 0.72% compare favorably to UBPR Peer group(1). 0.62% $26.4 0.64% • Early stage delinquencies remain low, and well cont
Slide 8: Relationship Based Core Deposits
Relationship Based Core Deposits HIGHLIGHTS & DEVELOPMENTS • Strong deposit growth of $147 million, or 11% LQA ,across both Consumer and Commercial portfolios • Improved portfolio mix, driven by non-interest-bearing deposit growth of $61 million, or 23% LQA. • Positive growth across all segments of
Slide 9: Net Interest Margin Expansion
Net Interest Margin Expansion HIGHLIGHTS & DEVELOPMENTS • Q1 FTE NIM* remained unchanged from the prior quarter, at 4.29%, reflective of continued disciplined loan and deposit pricing as well as an optimized balance sheet. • Strong deposit growth during the quarter drove average interest-earning cas
Slide 10: Non-Interest Income
Non-Interest Income HIGHLIGHTS & DEVELOPMENTS Non-Interest Income • Non-interest income off to a strong start to the year, driven by favorable year-over-year gains in Service Charges and Wealth Management (Fiduciary activities). • Momentum in core community banking operations benefiting from past gr
Slide 11: Non-Interest Expense
Non-Interest Expense HIGHLIGHTS & DEVELOPMENTS • Expense control continues to be a top priority of Executive Management, with a focus on operational efficiency in staffing models and outside professional services expenses. • For Q1, seasonal increases in employee benefits and occupancy expenses were
Slide 12: Strong Capital Position
Strong Capital Position Leverage Ratio TCE/TA* 9.84% $14.32 9.59% 9.55% $9.76 $10.32 $10.52 8.37% 8.38% 8.39% 7.60% 8.22% 2Q25 3Q25 4Q25 1Q26 2Q25 3Q25 4Q25 1Q26** CET 1 Ratio Total RBC Ratio 11.48% 15.00% 14.77% 14.44% 14.36% 10.82% 10.42% 10.17% 2Q25 3Q25 4Q25 1Q26** 2Q25 3Q25 4Q25 1Q26** * The ta
Slide 13: Full-Year 2026 Guidance Summary
Full-Year 2026 Guidance Summary • Period-end total loans HFI to grow mid-single-digits Loans (HFI) • Led by consistent high-quality commercial loans • Period-end total deposits to grow mid-single-digits Deposits & Funding • Growth will be primarily in relationship-based commercial and consumer clien
Slide 14: Appendix
HORIZON‘ BANK Appendix
Slide 15: Diverse Commercial Lending Portfolio
Diverse Commercial Lending Portfolio STRONG AND TRADITIONAL COMMERCIAL LENDING • Multi-family represents 6.4% of loans ◦ No major metros outside Indiana and Michigan, other than Columbus, OH ◦ Zero rent regulated/stabilized originated or in portfolio ◦ $2.0 million average loan size • Non-owner-occu
Slide 16: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Certain information set forth in this press release refers to financial measures determined by methods other than in accordance with GAAP. Specifically, we have included non-GAAP financial measures relating to net income, diluted earnings per share, pre-tax, pre- p
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non–GAAP Reconciliation of Net Fully-Taxable Equivalent ("FTE") Interest Margin (Dollars in Thousands, Unaudited) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Interest income (GAAP) (A) $ 86,651 $ 89,288 $ 92,836 $ 91,477
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non–GAAP Reconciliation of Return on Average Tangible Common Equity (Dollars in Thousands, Unaudited) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Net income (loss) (GAAP) (A) $ 26,168 $ 26,921 $ (221,990) $ 20,644 $ 23,9
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation of Tangible Common Equity to Tangible Assets (Dollars in Thousands. Unaudited) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Total stockholders' equity (GAAP) (A) $ 699,027 $ 688,251 $ 660,771 $ 790
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation of Tangible Book Value Per Share (Dollars in Thousands. Unaudited) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Total stockholders' equity (GAAP) (A) $ 699,027 $ 688,251 $ 660,771 $ 790,852 $ 776,0
Slide 21: Thank you
Thank you John R. Stewart, CFA® Executive Vice President & Chief Financial Officer 515 Franklin Street, Michigan City, IN 46360 219-814-5833 Investor.HorizonBank.com