Key Highlights

  • Horizon's $0.16 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 16 to stockholders of record.
  • Second-quarter net income was $24.9 million, or $0.49 per diluted share, versus $20.6 million, or $0.47, a year earlier.
  • The fully taxable equivalent net interest margin was 4.37%, versus 4.29% in the first quarter and 3.23% a year earlier.
  • Second-quarter results included a $3.1 million pre-tax legal charge, or $0.05 per diluted share, and expenses were $43.8 million.

Overview

Horizon Bancorp, Inc.'s (NASDAQ:HBNC) $0.16 quarterly dividend yields 3.39% and sits beside second-quarter diluted EPS of $0.49 and first-quarter diluted EPS of $0.51. The Board approved the dividend on September 15, 2026, the same $0.16 approved in June 2026 and in September 2025.

Dividend Program and Shareholder Returns

Horizon's Board approved a dividend of $0.16 per share on September 15, 2026, payable October 16 to stockholders of record on October 2.

On June 16, 2026, the Board approved $0.16 per share, payable July 17 to stockholders of record on July 3. On September 16, 2025, it approved $0.16 per share, payable October 17, 2025 to stockholders of record on October 3.

About the Company

Horizon Bancorp is the parent company of Horizon Bank, headquartered in Michigan City, Indiana. The company's second-quarter commentary points to loan and deposit growth, fee income verticals and expense management as its operating focus.

Financial Performance Behind the Payout

Horizon reported second-quarter net income of $24.9 million, or $0.49 per diluted share, versus $20.6 million, or $0.47, in the second quarter of 2025 and $26.2 million, or $0.51, in the first quarter of 2026. Six-month net income was $51.1 million versus $44.6 million.

Net interest income was $63.5 million versus $62.2 million in the first quarter, an increase of $8.1 million from a year earlier. The fully taxable equivalent net interest margin, a non-GAAP measure, was 4.37%. Return on average assets was 1.54%, and return on average tangible common equity, a non-GAAP measure, was 18.05%.

Annualized net charge-offs were 0.05% of average loans, and non-performing assets were 0.66% of total assets. Over the first half, loans grew $83 million and deposits grew $125 million.

A One-Time Legal Charge Within a Wider Margin

Second-quarter expenses were $43.8 million, including a $3.1 million pre-tax legal charge related to an unfavorable litigation decision. The charge reduced earnings by $0.05 per diluted share.

The common equity Tier 1 capital ratio was 11.09%, and the total risk-based capital ratio was 15.01%.

Outlook

Management's second-half guidance is a fully taxable equivalent net interest margin of 4.30% to 4.35%, non-FTE net interest income growth in the low teens year over year, and full-year expenses in the low to mid $160 million range excluding the legal charge. Loan and deposit growth, fee income and credit metrics are the measures reported alongside that guidance.