Horizon Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Horizon Bancorp

24/10/2024 04:10

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 37 cents.  The mean expectation of six analysts
for the quarter was for earnings of 37 cents per share. Wall
Street expected results to range from 35 cents to 38 cents per
share.
    * Revenue rose 8.3% to $58.42 million from a year ago;
analysts
expected $59.24 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $18.18
million.
    * Horizon Bancorp Inc shares had fallen by 2.6% this
quarter and
gained 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Horizon Bancorp
Inc is $17.00 
This summary was machine generated from LSEG data October 24 at
03:10 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.37           0.41           Beat
 Jun. 30 2024      0.31           0.32           Beat
 Mar. 31 2024      0.31           0.32           Beat
 Dec. 31 2023      0.31           0.33           Beat