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

Horizon Bancorp

28/04/2022 01:00

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 47 cents per share.
    * Revenue rose 2.2% to $57.66 million from a year ago; 
analysts
expected $61.02 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Horizon Bancorp Inc shares had fallen by 2.4% this
quarter and
lost 12.6% so far this year.
    * The company reported quarterly net income of $23.56
million.
    * Wall Street's median 12-month price target for Horizon
Bancorp
Inc is $25.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated April 28 at 12:00 a.m.  ​All
figures in US dollars unless otherwise stated