Horizon Bancorp: Q1 Earnings Insights

Shares of Horizon Bancorp HBNC were flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 83.33% over the past year to $0.44, which beat the estimate of $0.40.

Revenue of $56,411,000 up by 6.46% year over year, which missed the estimate of $58,950,000.

Outlook

Horizon Bancorp hasn't issued any earnings guidance for the time being.

Horizon Bancorp hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $20.17

Company's 52-week low was at $7.93

Price action over last quarter: Up 12.10%

Company Profile

Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. In addition, the company provides advances, loans, term loans, overdrafts for various business purposes such as business expansion, purchasing machinery and equipment, business mortgaged and others. Revenue generated by the company mainly consists of dividends received.