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Horizon Bancorp (HBNC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Horizon Bancorp (HBNC) Q3 2026 earnings results →
Q3 2026 37¢ of every $1 of revenue kept as net profit · operating margin 44.5%
Horizon Bancorp made $77.1M in Q3 2026: Net interest income $65.2M, Noninterest income $11.9M. Operating margin 44.5%, net earnings $28.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
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What changed this quarter
Revenue was $77.1M in Q3 2026, up 2% from the previous quarter. Net interest income was the largest line at 85% of revenue.
Operating profit was $34.3M, a 44.5% margin. Net earnings were $28.7M. The effective tax rate was 16.4%.
Operating cash flow was $29.4M, 102% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $285K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $2.8M left free cash flow of $26.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $77.1M | — | 44.5% | $28.7M | $29.4M |
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Horizon Bancorp
The disclosures in this Item 1 are qualified by the disclosures below in Item 1A, “Risk Factors,” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in other cautionary statements set forth elsewhere in this Annual Report on Form 10–K. Horizon Bancorp, Inc. (“Horizon” or the “Company”) is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in northern and central Indiana and southern and central Michigan through its bank subsidiary, Horizon Bank (“Horizon Bank” or the “Bank”) and other affiliated entities. Horizon operates as a single segment, which is commercial banking. Horizon’s common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
In its own words, from its 10-K, filed Mar 13, 2026.
Horizon Bancorp against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: 44.5% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HBNC Horizon Bancorp | Q3 2026 | $77.1M | — | 44.5% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Horizon Bancorp 10-Q on SEC EDGAR · CIK 706129 · State Commercial Banks
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History
Every quarter: Q3 2026 results