Horizon Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Horizon Bancorp

25/01/2023 22:02

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 51 cents per share.
    * Revenue fell 13% to $54.63 million from a year ago;
analysts
expected $65.04 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 48
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Horizon Bancorp Inc shares had risen by 2.3% this quarter.
    * The company reported quarterly net income of $21.17
million.
    * Wall Street's median 12-month price target for Horizon
Bancorp
Inc is $18.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
25 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.51           0.48           Missed
 Sep. 30 2022      0.60           0.55           Missed
 Jun. 30 2022      0.52           0.57           Beat
 Mar. 31 2022      0.47           0.54           Beat