Horizon Bancorp, Inc. Reports Solid First Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, Loan Growth and Well-Managed Operating Expenses
Horizon Bancorp, Inc. (HBNC)
Last horizon bancorp, inc. earnings: 4/29 05:30 pm
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100750
Company Research
Source: GlobeNewswire
MICHIGAN CITY, Ind., April 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”), the parent company of Horizon Bank (the “Bank”), announced its unaudited financial results for the three months ended March 31, 2024. Net income for the first quarter of 2024 was $14.0 million, or $0.32 per diluted share compared to a net loss of $25.2 million, or $0.58, in the linked fourth quarter of 2023. During the fourth quarter of 2023, the Company recognized a net loss on the sale of securities of $31.6 million and the tax effect of the surrender of bank owned life insurance of $8.6 million. “We are very pleased with our positive first quarter results which included a second consecutive quarter of margin and net interest income expansion. Throughout the quarter, we began to strategically leverage our excess liquidity into higher yielding commercial, equipment finance, residential and consumer loan portfolios. These activities were complimented by t
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News
- Horizon Bancorp: Attractive Dividend Yield And A Positive Earnings Outlook [Seeking Alpha]Seeking Alpha
- Horizon Bancorp, Inc. (NASDAQ:HBNC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Horizon Bancorp, Inc. (NASDAQ: HBNC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Horizon Bancorp, Inc. (NASDAQ: HBNC) had its price target lowered by analysts at Piper Sandler from $14.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Compared to Estimates, Horizon Bancorp (HBNC) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
HBNC
Earnings
- 4/24/24 - Beat
HBNC
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- HBNC's page on the SEC website