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

• Horizon Bancorp Inc reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.90. The mean expectation of five analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 53 cents to 55 cents per share.

• Revenue rose 24% to $77.09 million from a year ago; analysts expected $77.92 million.

• Horizon Bancorp Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $28.67 million.

• Horizon Bancorp Inc shares had risen by 4.6% this quarter and gained 16.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% 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 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "hold."

• Wall Street's median 12-month price target for Horizon Bancorp Inc is $23.00, about 14.3% above its last closing price of $19.70

This summary was machine generated from LSEG data October 21 at 09:04 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)