Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — Q3 2026 Earnings Presentation
21 slides from Horizon Bancorp's earnings presentation, Oct 22, 2026
Slide 1: Third Quarter 2026 Investor Presentation
Third Quarter 2026 Investor Presentation HorizonBancorp,Inc.(NASDAQ:HBNC) Third Quarter Ended September 30, 2026 October 22, 2026
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: 1.73%. Industry leading profitability though a relationship based, community banking model. Q3 2026 • ROTCE*: 20.03%. Driving consistent top-tier internal capital generation. Key Performance Metrics • NIM*: 4.37%. Stability in performance from a well-positioned ba
Slide 4: Franchise Valued Loan Growth
Franchise Valued Loan Growth HIGHLIGHTS & DEVELOPMENTS 14% • Total Loans HFI* up $47 million, or 3.7% LQA • Loan Growth spread across Commercial, Residential Real Estate and Consumer Loans 15% Consumer Total Loans HFI* • Commercial balances increased $12 million, driven by Residential $5.0B the C&I
Slide 5: Diversified Commercial Portfolio
Diversified Commercial Portfolio 5% HIGHLIGHTS & DEVELOPMENTS 10% 27% • Commercial loan balances grew 1.4% LQA Central Indiana 9% West Michigan • Quarter end balances up $12 million. Geography Southwest Michigan • Grand Rapids, Midland and Lansing, MI and Lake County and Fort Wayne, IN markets were
Slide 6: Prime Consumer/Mortgage Portfolio
Prime Consumer/Mortgage Portfolio HIGHLIGHTS & DEVELOPMENTS 7% • High quality Mortgage and Consumer (primarily HELOC) portfolios, with well qualified borrowers and significant equity in homes. • Growth in Mortgage loans of $16.5 million, or 8% LQA, from Mortgage Mix momentum in Q3 driven by recent s
Slide 7: Strong Asset Quality Metrics
Strong Asset Quality Metrics HIGHLIGHTS & DEVELOPMENTS Non-Performing Loans (period end) $37.0 $35.9 $34.9 $34.9 • Net Charge Offs of 10 bps annualized remain low, and $31.0 0.76% 0.72% 0.70% 0.72% compare favorably to UBPR Peer group(1). 0.64% $millions • Early stage delinquencies remain low, and w
Slide 8: Relationship Based Core Deposits
Relationship Based Core Deposits HIGHLIGHTS & DEVELOPMENTS • Strong Deposit growth of $81 million, or 6% LQA, with total deposits of $206 million year-to-date, or 5% annualized. • Robust growth in interest bearing non-maturity deposits of $96 million, or 12% LQA, while non-interest bearing deposits
Slide 9: Net Interest Margin Expansion
Net Interest Margin Expansion HIGHLIGHTS & DEVELOPMENTS • Q3 FTE NIM* remained unchanged from the prior quarter, at 4.37%, despite an increase in average interest-bearing cash. • Strong loan origination pricing, coupled with favorable re-pricing dynamics during the quarter contributed to the increas
Slide 10: Non-Interest Income
Non-Interest Income HIGHLIGHTS & DEVELOPMENTS Non-Interest Income • Stable & diversified non-interest income streams continue to perform well, with year-over-year growth driven by Mortgage related income and Fiduciary activities. • Momentum in core community banking operations continue to benefit fr
Slide 11: Non-Interest Expense
Non-Interest Expense HIGHLIGHTS & DEVELOPMENTS • Non-interest expense levels continue to remain stable from a disciplined focus on staffing models and outside professional services expenses. • For Q3, absent the legal expense of $3.1 million in the Q2 2026 results, decreases in FDIC insurance expens
Slide 12: Strong Capital Position
Strong Capital Position Leverage Ratio TCE/TA* $11.06 10.37% $10.52 $10.54 10.17% $10.32 9.84% 9.55% 8.81% 8.38% 8.39% 8.38% 4Q25 1Q26 2Q26 3Q26 4Q25 1Q26 2Q26 3Q26** CET 1 Ratio Total RBC Ratio 15.48% 11.53% 15.02% 14.76% 11.09% 10.81% 14.36% 10.42% 4Q25 1Q26 2Q26 3Q26** 4Q25 1Q26 2Q26 3Q26** * The
Slide 13: 2026 Guidance Summary
2026 Guidance Summary • Full-year period-end total loans HFI to grow mid-single-digits Loans (HFI) • Led by consistent high-quality commercial loans • Full-year period-end total deposits to grow mid-single-digits Deposits & Funding • Growth will be primarily in relationship-based commercial and cons
Slide 14: Appendix
Appendix HORIZON" BANK
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 ◦ $2.2 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 September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Interest income (GAAP) (A) $ 91,069 $ 88,508 $ 86,651 $ 89
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 September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Net income (loss) (GAAP) (A) $ 28,667 $ 24,908 $ 26,168 $ 26,921 $ (22
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 September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Total stockholders' equity (GAAP) (A) $ 699,303 $ 726,189 $ 699,027 $
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation of Tangible Book Value Per Share (Dollars in Thousands. Unaudited) Three Months Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Total stockholders' equity (GAAP) (A) $ 699,303 $ 726,189 $ 699,027 $ 688,251 $ 6
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