HBNC earnings analysis
What we found in HBNC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The provided 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so quarterly revenue, margins, EPS, liquidity, and cash-flow trends cannot be independently quantified from the filing text supplied. The principal disclosed signal is modest asset sensitivity to higher rates, with modeled net interest income increasing 2.6% under a 100-basis-point rise and declining 0.9% under a 200-basis-point decline. Management reported effective controls and no material changes to the risk factors disclosed in the 2025 Form 10-K.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Asset sensitivity favors higher rates
- The interest-rate model projects net interest income increasing by $6.777 million, or 2.6%, under an immediate 100-basis-point rise in rates, and by $8.474 million, or 3.2%, under a 200-basis-point rise.
- Limited modeled downside at -100 bps
- Management’s model indicates a modest downside from lower rates: net interest income would decline by $156 thousand, or 0.1%, under a 100-basis-point decline in rates.
- Controls remained effective
- The company reported that disclosure controls were effective as of June 30, 2026, and that there were no changes during the quarter ended June 30, 2026 that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Down-rate scenario remains a headwind
- A modeled 200-basis-point decline in interest rates would reduce net interest income by $2.311 million, or 0.9%, over the one-year horizon.
- Deposit beta assumptions add uncertainty
- The interest-rate simulation relies on non-maturity deposit beta assumptions ranging from 12% to 80%; actual deposit repricing could differ materially from the model.
- No new risk-factor changes reported
- The company states there were no material changes from the risk factors in its 2025 Form 10-K, but the filing continues to identify legal proceedings and other ordinary-course claims as potential exposures; unfavorable outcomes are not expected to materially affect results according to management.
What they said about what is next.
No quantitative EPS or revenue guidance is disclosed in the provided 10-Q text. The filing states that interest-rate sensitivity modeling is not intended as a forecast; prior company commentary referenced a mid-single-digit organic growth outlook.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 8, 2026
- Horizon Bancorp reported Q1 2026 results with a revenue of $73.5 million, slightly missing expectations, while EPS of $0.51 surpassed estimates. The performance was driven by a significant increase in net interest…
- 10-K · March 13, 2026
- Horizon Bancorp reports a 2025 net loss of $(150,482) (per consolidated statements) driven primarily by a $299,538 loss on sale of investment securities and balance sheet repositioning. The bank remains well–capitalized…
- 10-Q · August 11, 2025
- Horizon Bancorp reported a stronger quarter with total operating revenue of $66,275,000 (Net interest income $55,355,000 + non-interest income $10,920,000) and diluted EPS of $0.47, up from $0.32 in Q2 2024. Loans and…
- 10-Q · May 8, 2025
- Horizon Bancorp reported a strong quarter: net income rose to $23,943,000 (Q1 2025) from $13,991,000 (Q1 2024) and diluted EPS increased to $0.54 from $0.32 year-over-year. Core revenue (net interest income plus…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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