Earnings of Horizon Bancorp (HBNC) dipped to $0.26 per share in the first quarter, down by 36.6% from the last quarter of 2019. Earnings for the remainder of the year will likely recover after the first quarter’s decline, due to a sequential decrease in provisions expense. However, earnings in the year ahead will most probably remain below the 2019 level because of higher provision expense compared to last year. Additionally, the net interest margin will likely decline in the remainder of the year following the Federal Funds rate cuts in March. More earning