Brief: Horizon Bancorp Q2 Net Interest Income USD 55.354 Million

Horizon Bancorp

23/07/2025 21:05

Overview

Horizon Bancorp Q2 net income falls to $20.6 mln from $23.9 mln in Q1

Net interest income rises 5.9% qtr/qtr, driven by loan growth

Company maintains strong credit quality with low net charge-offs

Outlook

Company highlights disciplined approach to efficient balance sheet and capital deployment

Company aims to continue creating shareholder value throughout 2025

Result Drivers

LOAN GROWTH - Strong commercial loan growth of $117.2 mln, partially funded by runoff of lower yielding auto loans

NET INTEREST MARGIN - Seventh consecutive quarter of net interest margin expansion to 3.23%, driven by higher-yielding loans and strategic pricing

CREDIT QUALITY - Low net charge-offs and decrease in non-performing assets, reflecting strong credit management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.47
Q2 Net Income
$20.64 mln
Q2 Net Interest Income
$55.35 mln
Q2 Net Interest Margin
3.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Horizon Bancorp Inc is $18.00, about 11.6% above its July 22 closing price of $15.92

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXb6KB1z

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)