Horizon Bancorp (IN) Q1 Earnings Call Highlights

Horizon Bancorp (IN) (NASDAQ:HBNC) executives emphasized beardown profitability, deposit growth, and dependable recognition show arsenic the institution reviewed last first-quarter 2026 results, portion maintaining its full-year guidance contempt a changed interest-rate outlook.

CEO and President Thomas M. Prame said the 4th reflected the “core strength” of Horizon’s assemblage banking exemplary and its absorption connected “durable peer-leading show metrics.” Prame highlighted an annualized instrumentality connected mean assets “above 1.60%,” instrumentality connected mean tangible communal equity “above 19%,” and a nett involvement borderline of 4.29%.

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Prame besides pointed to superior betterment during the quarter, saying the results drove a “meaningful increase” successful the company’s communal equity tier 1 (CET1) ratio by 40 ground points to 10.82%, and improved full risk-based superior to 14.77%.

Lynn Kerber, Executive Vice President and Chief Commercial Banking Officer, said the 4th reflected “steady, disciplined commercialized growth” successful a competitory environment, with the institution prioritizing “high-quality commercialized lending” and “continued pricing discipline.”

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Total loans held for concern ended the 4th astatine $4.87 billion, driven by a $34.2 million summation successful commercialized loans, Kerber said. Prame and Kerber some noted that residential and user loans declined by astir $32 million successful the 4th arsenic absorption chose not to prosecute lower-yielding mortgages amid early-quarter refinance activity. Prame said Horizon remained “steadfast connected its disciplined pricing,” adding that absorption felt assured successful the determination and had seen balances “quickly align with full-year maturation estimates successful aboriginal Q2.”

Commercial maturation was concentrated successful Grand Rapids, Indianapolis, and Northwest Indiana, Kerber said. She added that the institution is continuing to diversify its portfolio mix, noting that 37% of the nett quarterly summation came from commercialized and concern (C&I) loans versus C&I representing 30% of the wide commercialized portfolio.

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In the Q&A session, Kerber said payoff enactment was “very accordant with our semipermanent averages,” attributing the slower gait of maturation much to seasonality and selectivity successful lending. She besides discussed repricing opportunities successful the commercialized book, stating Horizon had astir $380 million successful commercialized maturities successful 2026 (about 12% of the portfolio) with a weighted mean complaint of “about 6%,” and astir $318 million successful 2027 (about 10%) with a weighted mean complaint “just nether 6%.” With origination rates “on mean successful 7+,” she cited a “100–150 ground constituent pickup opportunity” based connected existent rates.