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

Horizon Bancorp

25/10/2023 22:57

* Horizon Bancorp Inc  HBNC.OQ  reported quarterly adjusted
earnings of 37 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 36 cents per share.
    * Revenue fell 9.3% to $53.92 million from a year ago;
analysts
expected $55.46 million. 
    * Horizon Bancorp Inc's reported EPS for the quarter was 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Horizon Bancorp Inc shares had fallen by 10.1% this
quarter and
lost 36.3% so far this year.
    * The company reported quarterly net income of $16.21
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
October 25 at 09:57 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.37           Beat
 Jun. 30 2023      0.37           0.43           Beat
 Mar. 31 2023      0.40           0.42           Beat
 Dec. 31 2022      0.51           0.48           Missed