Horizon Bancorp posts Q3 net loss, misses estimates

Horizon Bancorp

22/10/2025 21:21

Overview

Horizon Bancorp Q3 net loss of $222 mln, missing analyst expectations

Adjusted EPS for Q3 misses analyst expectations

Net interest income rises 5.5% from prior qtr, driven by margin expansion

Outlook

Horizon Bancorp focuses on profitable growth and capital redeployment into 2026

Company emphasizes disciplined execution and core banking strength for future

Result Drivers

BALANCE SHEET REPOSITIONING - Strategic repositioning exceeded expectations, impacting non-interest income and expenses

NET INTEREST MARGIN EXPANSION - Net interest margin expanded to 3.52%, contributing to increased net interest income

LOAN PORTFOLIO CHANGES - Decrease in loans held for investment due to planned runoff and sale of indirect auto portfolio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
Miss
-$4.69
-$1.74 (5 Analysts)
Q3 Net Income
Miss
-$221.99 mln
-$31.81 mln (5 Analysts)
Q3 Net Interest Income
$58.38 mln
Q3 Net Interest Margin
3.52%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 $19.00, about 17.2% above its October 21 closing price of $15.73

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX8ljNgf

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)