Horizon Bancorp Q2 EPS $0.47; NIM expands to 3.23%, commercial loans grow 14.8% annualized

HORIZON BANCORP INC /IN/

2025-Q2 EPS reported $1.01

Net income $20.6M ($0.47 diluted) vs $14.1M ($0.32) in Q2 2024; net interest margin (FTE) 3.23% seventh consecutive expansion.
Commercial loan growth $117.2M annualized 14.8%; indirect auto runoff $34.1M; total loans HFI up 6.2% annualized.
Credit quality strong: net charge-offs annualized 0.02%; non-performing assets down 12.4% vs prior quarter.
Tangible book value per share $14.32, up $0.36; total regulatory capital ratio 14.48% (preliminary).
Non-interest income $10.9M (down from $16.5M due to non-recurring Q1 gain on mortgage warehouse sale); expenses up <1% linked quarter.

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