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

Horizon Bancorp

26/07/2023 23:43

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 43 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue fell 14.1% to $51.94 million from a year ago;
analysts
expected $55.97 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 43
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Horizon Bancorp Inc shares had risen by 11.7% this
quarter and
lost 22.9% so far this year.
    * The company reported quarterly net income of $18.76
million.
    * Wall Street's median 12-month price target for Horizon
Bancorp
Inc is $13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.37           0.43           Beat
 Mar. 31 2023      0.40           0.42           Beat
 Dec. 31 2022      0.51           0.48           Missed
 Sep. 30 2022      0.60           0.55           Missed