Horizon Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

• Horizon Bancorp Inc HBNC.OQ reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of six analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from -31 cents to 43 cents per share.

• Revenue rose 10.8% to $24.17 million from a year ago; analysts expected $55.19 million.

• Horizon Bancorp Inc's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $10.88 million.

• Horizon Bancorp Inc shares had fallen by 1.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 31.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

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 $19.50

This summary was machine generated from LSEG data January 22 at 11:32 p.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)