Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — Q2 2026 Earnings Presentation
21 slides from Horizon Bancorp's earnings presentation, Jul 23, 2026
Slide 1: Investor Presentation
Investor Presentation Horizon Bancorp, Inc. (NASDAQ: HBNC) Second Quarter Ended June 30, 2026 July 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: 1.54%. Displayed consistently strong results, despite the Q2 legal charge. Key Performance • ROTCE*: 18.05%. Sustained strong shareholder value creation. Metrics • NIM*: 4.37%. Expanded net interest margin from 4.29% in Q1, reflecting positive trends in loan repri
Slide 4: Franchise Valued Loan Growth
Franchise Valued Loan Growth HIGHLIGHTS & DEVELOPMENTS 14% • Total Loans up $81 million or 6.6% LQA • Commercial balances drove growth, increasing $64 million, primarily within the C&I segment. 15% Consumer Total Loans* • Commercial Real Estate remained relatively flat during Residential $5.0B the q
Slide 5: Diversified Commercial Portfolio
Diversified Commercial Portfolio 5% HIGHLIGHTS & DEVELOPMENTS 10% 27% • Commercial loan balances grew 7.4% LQA Central Indiana 9% West Michigan • Quarter end balances up $64 million. • Lansing, Grand Rapids, Troy, and Midland, MI and Geography Southwest Michigan Indianapolis, IN markets were signifi
Slide 6: Prime Consumer/Mortgage Portfolio
Prime Consumer/Mortgage Portfolio HIGHLIGHTS & DEVELOPMENTS 6% • High quality Mortgage and Consumer (primarily HELOC) portfolios, with well qualified borrowers and significant equity in homes. • Management continued to maintain strong spreads in mortgages, Mortgage Mix resulting in modest growth in
Slide 7: Strong Asset Quality Metrics
Strong Asset Quality Metrics HIGHLIGHTS & DEVELOPMENTS Non-Performing Loans (period end) $37.0 $34.9 $34.9 • Net Charge Offs of 5 basis points annualized remain low, and $31.0 0.76% 0.72% 0.70% compare favorably to UBPR Peer group(1). $26.4 0.64% • Early stage delinquencies remain low, and well cont
Slide 8: Relationship Based Core Deposits
Relationship Based Core Deposits HIGHLIGHTS & DEVELOPMENTS • Total deposits up by $125 million year to date • Maintained strong total deposits performance levels from Q1. Year to date growth aligned with mid single digit growth expectations. • Time deposits decreased by $59 million, as management el
Slide 9: Net Interest Margin Expansion
Net Interest Margin Expansion HIGHLIGHTS & DEVELOPMENTS • Q2 FTE NIM* expanded by 8 bps points from the prior quarter, to 4.37%, reflective of continued disciplined loan and deposit pricing and a decline in average interest-bearing cash balances. • Strong commercial loan growth and origination prici
Slide 10: Non-Interest Income
Non-Interest Income HIGHLIGHTS & DEVELOPMENTS Non-Interest Income • Total non-interest income grew 10% from the prior year, led by gains in fiduciary activities and mortgage-related income, up 20% and 21%, respectively. • Growth in interchange fees and service charges continue to benefit from higher
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 Q2, results include the previously announced $3.1 million legal charge
Slide 12: Strong Capital Position
Strong Capital Position Leverage Ratio TCE/TA* $11.06 $10.32 $10.52 10.17% $9.76 9.84% 9.55% 8.81% 8.38% 8.39% 7.60% 8.22% 3Q25 4Q25 1Q26 2Q26 3Q25 4Q25 1Q26 2Q26** CET 1 Ratio Total RBC Ratio 15.00% 15.01% 14.76% 11.09% 14.36% 10.81% 10.42% 10.17% 3Q25 4Q25 1Q26 2Q26** 3Q25 4Q25 1Q26 2Q26** * The t
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 5.9% 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 June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Interest income (GAAP) (A) $ 88,508 $ 86,651 $ 89,288 $ 92,836
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 June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Net income (loss) (GAAP) (A) $ 24,908 $ 26,168 $ 26,921 $ (221,990) $ 20,64
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 June 30, March 31, December 31, 30, June 30, 2026 2026 2025 2025 2025 Total stockholders' equity (GAAP) (A) $ 726,189 $ 699,027 $ 688,251 $ 660,
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation of Tangible Book Value Per Share (Dollars in Thousands. Unaudited) Three Months Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Total stockholders' equity (GAAP) (A) $ 726,189 $ 699,027 $ 688,251 $ 660,771 $ 790,85
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