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

Horizon Bancorp

26/10/2022 22:48

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 55 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 60 cents per share.
    * Revenue rose 7.3% to $59.45 million from a year ago;
analysts
expected $69.07 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 55
cents​.
    * The mean earnings estimate of analysts had risen by
about 7% 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 11.4% this
quarter and
lost 4.1% so far this year.
    * The company reported quarterly net income of $23.82
million.
    * Wall Street's median 12-month price target for Horizon
Bancorp
Inc is $24.00 
    * The current average analyst rating on the shares is "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 from Refinitiv data October
26 at 09:48 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.53           0.53           Met