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

Horizon Bancorp

27/04/2023 24:12

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 42 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 40 cents per share.
    * Revenue fell 4.9% to $54.86 million from a year ago;
analysts
expected $58.37 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Horizon Bancorp Inc shares had fallen by 8.3% this
quarter and
lost 32.8% so far this year.
    * The company reported quarterly net income of $18.23
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 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 11:12 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.40           0.42           Beat
 Dec. 31 2022      0.51           0.48           Missed
 Sep. 30 2022      0.60           0.55           Missed
 Jun. 30 2022      0.52           0.57           Beat