Horizon Bancorp (HBNC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Financial Performance - Horizon Bancorp reported $58 42 million in revenue for Q3 2024, a YoY increase of 8 4% [1] - EPS for the quarter was $0 41, compared to $0 37 a year ago, representing a YoY growth [1] - Revenue surpassed the Zacks Consensus Estimate of $58 23 million by 0 32% [1] - EPS exceeded the consensus estimate of $0 37 by 10 81% [1] Key Metrics Analysis - Efficiency Ratio: 67 2%, higher than the three-analyst average estimate of 64 7% [2] - Net Interest Margin: 2 7%, in line with the three-analyst average estimate [2] - Net Charge-offs: 0%, below the two-analyst average estimate of 0 1% [2] - Average Balance of Total Interest Earning Assets: $7 33 billion, slightly above the $7 31 billion estimate [2] - Gain on Sale of Mortgage Loans: $1 62 million, exceeding the $1 10 million estimate [2] - Total Non-Interest Income: $11 51 million, higher than the $10 85 million estimate [2] - Net Interest Income: $46 91 million, slightly below the $47 31 million estimate [2] - Wire Transfer Fees: $0 12 million, above the $0 11 million estimate [2] - Mortgage Servicing Income Net of Impairment: $0 41 million, below the $0 48 million estimate [2] - Service Charges on Deposit Accounts: $3 32 million, above the $3 22 million estimate [2] - Other Income: $0 78 million, exceeding the $0 65 million estimate [2] - Fiduciary Activities: $1 39 million, slightly below the $1 41 million estimate [2] Stock Performance - Horizon Bancorp shares returned -2 6% over the past month, underperforming the Zacks S&P 500 composite's +2 7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near term [3]