HBNC News & Events

Horizon Bancorp announced that James Dworkin will retire from the Board of Directors effective at the expiration of his current term on May 7. Mr. Dworkin provided written notice of his decision on January 20, which was accepted by the Board of Directors on that same day. Also, in an unrelated action, on January 20, Julie Freigang submitted notice of her resignation from the Board of Directors, effective January 20, which was accepted by the Board of Directors on that same day.

Reports Q4 tangible book value per share $10.32. Reports Q4 CET1 capital ratio 10.43%. "Horizon's fourth quarter results demonstrate excellent execution of the balance sheet repositioning and the core strength of our community banking model. We have delivered on our commitment to shareholders to create a top performing community bank with durable, peer-leading performance metrics and shareholder returns. The fourth quarter exceeded our prior performance estimates, with annualized return on average assets exceeding 1.60%, returns on average equity approaching 16%, and a net interest margin of 4.29%. We are pleased with the results for our shareholders and the transparency the quarter provided to highlight the strength of Horizon's community banking model, which remains the cornerstone of our value proposition", President and CEO, Thomas Prame stated. "More importantly, the Company is kicking off the new year from a position of strength, with the franchise well positioned to deliver durable earnings and continued top-tier profitability metrics in 2026. The commercial loan engine continues to produce disciplined and high-quality growth, which we expect to fund through our client-focused branch distribution network and our relationship-based community bankers. Credit quality remains excellent, and expenses continue to be well managed. As we look ahead, we will remain focused on creating sustainable long-term value for our shareholders through our disciplined operating model, consistent profitable growth and peer leading capital generation".

Q3 results included several items impacting non-interest income, non-interest expense and the provision for credit loss directly related to the company's successful efforts during the quarter to repositioning the balance sheet. The company stated, "While reported expenses were impacted by a couple of items related to the balance sheet activities in the quarter, when considering these items, expenses continued to be well managed compared with the second quarter of 2025. These results reflect management's continued commitment to generate positive operating leverage with a more efficient expense base."