# Horizon Bancorp Q3 2:26 Earnings Results

> Horizon Bancorp reports strong Q3 2026 earnings with $28.7m net income and 20.03% return on tangible equity.
- Title: Horizon Bancorp Q3 2:26 Earnings Results · The Motley Fool
- Summary: Horizon Bancorp reports strong Q3 2026 earnings with $28.7m net income and 20.03% return on tangible equity. Horizon Bancorp achieved $28.7m net income and…
- Keywords: horizon bancorp, hbnc, q3 2026, earnings call, net income, return on tangible equity, commercial and industrial loans, commercial real estate loans, mortgage gain on sale, non-interest income, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/22/horizon-bancorp-hbnc-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-22T16:54:09+00:00
- Read time: 2 min
- Topics: horizon bancorp, hbnc, q3 2026, earnings call, net income, return on tangible equity, commercial and industrial loans, commercial real estate loans, mortgage gain on sale, non-interest income, finance, money
## Q3 2026 Results
Horizon Bancorp reported $28.7 million net income, or $0.56 per diluted share, up from $24.9 million in Q2 2026.
## Return on Assets
Return on average assets reached 1.73% annually, reflecting top-tier performance for the quarter.
## Tangible Equity Return
Return on average tangible common equity hit 20.03% for the quarter, meeting long-term targets.
## Net Interest Margin
Net interest margin stayed flat at 4.37% compared to Q2 2026 due to disciplined pricing and cash redeployment.
## Loan Growth
Loans held for investment increased $46.9 million or 3.7% annually from Q2 2026 to $5.0 billion.
## Deposit Growth
Total deposits grew 6% annually to $5.5 billion, concentrated in relationship-based core portfolios.
## Commercial Loans
Commercial and industrial loans reached $1.11 billion, up 12% year-over-year and now 31% of commercial portfolio.
## Commercial Real Estate
Commercial real estate loans declined $9.9 million due to selective strategy and elevated property payoffs in July and August.
## Mortgage Activity
Mortgage gain on sale grew 52% year-over-year to $2.1 million, supported by increased volumes and wider margins.
## Non-Interest Income
Non-interest income reached $11.9 million, with mortgage and fiduciary activities up 52% and 8% year-over-year.
## Expense Reduction
Non-interest expenses declined to $41.5 million from $43.8 million in Q2 2026 after non-recurrence of a $3.1 million legal charge.
## Capital Ratio
Common equity tier 1 ratio increased to 11.53%, a 44 basis point rise from Q2 2026.
## Net Charge-offs
Net charge-offs totaled $1.2 million, or 10 basis points annualized, within historical expectations.
## Substandard Loans
Substandard loans decreased to $60.3 million, or 1.2% of total loans, from 1.3% in Q2 2026.
## Q4 Projections
Projected net interest income for Q4 2026 ranges from $66 million to $67 million, incorporating a 25 basis point Fed rate hike in early December.
## Annual Expense Outlook
Annual expenses are expected to stay in the low to mid-$160 million range, excluding the Q2 legal charge.
## Key takeaway

Horizon Bancorp achieved $28.7m net income and 20.03% return on tangible equity in Q3 2026.