Horizon Bancorp | 10-Q: FY2025 Q3 Revenue: USD 92.84 M

Revenue: As of FY2025 Q3, the actual value is USD 92.84 M.

EPS: As of FY2025 Q3, the actual value is USD -4.69, missing the estimate of USD -3.1533.

EBIT: As of FY2025 Q3, the actual value is USD -344.71 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025, was $273,489 thousand, compared to $263,133 thousand for the same period in 2024.

Operational Metrics

• Net Income: The net loss available to common shareholders for the nine months ended September 30, 2025, was - $177,404 thousand, compared to a net income of $46,311 thousand for the same period in 2024.
• Net Interest Income: For the nine months ended September 30, 2025, net interest income was $166,009 thousand, compared to $135,477 thousand for the same period in 2024.
• Non-Interest Income: Total non-interest loss for the nine months ended September 30, 2025, was - $267,913 thousand, compared to an income of $31,925 thousand for the same period in 2024.
• Non-Interest Expense: Total non-interest expense for the nine months ended September 30, 2025, was $131,678 thousand, compared to $113,901 thousand for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025, was $45,658 thousand, compared to $54,741 thousand for the same period in 2024.
• Investing Cash Flow: Net cash provided by investing activities for the nine months ended September 30, 2025, was $1,025,754 thousand, compared to net cash used of - $322,430 thousand for the same period in 2024.
• Financing Cash Flow: Net cash used in financing activities for the nine months ended September 30, 2025, was - $906,588 thousand, compared to - $23,992 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses on loans was $50,178 thousand as of September 30, 2025, compared to $51,980 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on repositioning its balance sheet, as evidenced by the reclassification of its held-to-maturity investment portfolio to available-for-sale, resulting in a pre-tax loss of $299.5 million upon sale.
• Non-Core Business: There is no specific mention of non-core business strategies or divestitures in the provided data.