Horizon Bancorp (HBNC) reported $24.17 million in income for the quarter ended December 2024, representing a year-over-year improve of 10.8%. EPS of $0.36 for a similar interval compares to $0.33 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $61.53 million, representing a shock of -60.72%. The corporate delivered an EPS shock of -7.69%, with the consensus EPS estimate being $0.39.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher mission a inventory’s worth efficiency.
Right here is how Horizon Bancorp carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio: 185.9% in comparison with the 67.7% common estimate based mostly on three analysts.
- Web Curiosity Margin: 3% versus 2.8% estimated by three analysts on common.
- Annualized internet charge-offs of common whole loans: 0.1% versus the two-analyst common estimate of 0.1%.
- Common Steadiness – Complete curiosity incomes property: $7.40 billion versus the two-analyst common estimate of $7.42 billion.
- Achieve on sale of mortgage loans: $1.07 million versus $1.16 million estimated by three analysts on common.
- Complete non-interest revenue: -$28.95 million versus $11.02 million estimated by three analysts on common.
- Web Curiosity Earnings: $53.13 million versus $50.48 million estimated by three analysts on common.
- Wire switch charges: $0.12 million versus the two-analyst common estimate of $0.11 million.
- Mortgage servicing revenue internet of impairment: $0.38 million in comparison with the $0.42 million common estimate based mostly on two analysts.
- Service fees on deposit accounts: $3.28 million in comparison with the $3.37 million common estimate based mostly on two analysts.
- Different revenue: $0.34 million versus $0.54 million estimated by two analysts on common.
- Fiduciary actions: $1.31 million in comparison with the $1.50 million common estimate based mostly on two analysts.
View all Key Company Metrics for Horizon Bancorp here>>>
Shares of Horizon Bancorp have returned -2.5% over the previous month versus the Zacks S&P 500 composite’s +2.1% change. The inventory at present has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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Horizon Bancorp (IN) (HBNC) : Free Stock Analysis Report
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