Horizon Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company's total interest income was $23,790,000 compared to $19,765,000 a year ago. Net interest income was $20,222,000 compared to $16,523,000 a year ago. Income before income tax was $8,390,000 compared to $6,612,000 a year ago. Net income was $6,175,000 compared to $4,948,000 a year ago. Net income available to common shareholders was $6,144,000 or $0.51 per diluted share compared to $4,917,000 or $0.51 per diluted share a year ago. Return on average assets was 0.94% compared to 0.96% a year ago. Return on average common stockholders' equity was 9.53% compared to 10.72% a year ago.

For the year, the company's total interest income was $88,588,000 compared to $76,205,000 a year ago. Net interest income was $74,734,000 compared to $62,983,000 a year ago. Income before income tax was $27,781,000 compared to $24,256,000 a year ago. Net income was $20,549,000 compared to $18,101,000 a year ago. Net income available to common shareholders was $20,424,000 or $1.89 per diluted share compared to $17,968,000 or $1.90 per diluted share a year ago. The decrease in diluted earnings per share reflects an increase in diluted shares due to the Peoples acquisition. Book value per common share as on December 31, 2015 was $21.30 compared to $19.75 a year ago. Tangible book value per common share as on December 31, 2015 was $16.53 compared to $16.26 a year ago. Return on average assets was 0.87% compared to 0.93% a year ago. Return on average common stockholders' equity was 9.87% compared to 10.60% a year ago.

Total net charge-offs for the quarter were $1,976,000 compared to $636,000 a year ago.