Horizon Bancorp: Q2 Earnings Snapshot
MICHIGAN CITY, Ind. (AP) — MICHIGAN CITY, Ind. (AP) — Horizon Bancorp (HBNC) on Wednesday reported second-quarter profit of $18.8 million.
The Michigan City, Indiana-based bank said it had earnings of 43 cents per share. Earnings, adjusted for non-recurring gains, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The bank holding company posted revenue of $87.9 million in the period. Its revenue net of interest expense was $57.2 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $56 million.
_____
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
