Earnings of Horizon Bancorp, Inc. (HBNC) are likely to plunge this year due to the federal funds rate cut and high rate-sensitivity of the net interest margin. Far more assets than liabilities will mature this year, which will make the margin highly sensitive to interest rates. Moreover, the COVID-19 pandemic will worsen credit quality, especially the quality of the consumer segment, which will drive provisions charges and drag earnings. On the other hand, non-interest income will likely be higher this year due to the Salin Bancshares acquisition, which will support net income this