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Horizon Bancorp: Q3 Earnings Snapshot
By AP News - Oct 23, 2024, 05:03 PM ET
Last Updated - Dec 16, 2024, 06:03 PM EST
MICHIGAN CITY, Ind. (AP) — MICHIGAN CITY, Ind. (AP) — Horizon Bancorp (HBNC) on Wednesday reported third-quarter earnings of $18.2 million.
The Michigan City, Indiana-based bank said it had earnings of 41 cents per share.
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The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The bank holding company posted revenue of $102.4 million in the period. Its revenue net of interest expense was $58.4 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $58.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBNC at https://www.zacks.com/ap/HBNC
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