Horizon Bancorp (HBNC) Lags Q4 Earnings and Revenue Estimates

Core Viewpoint - Horizon Bancorp reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of$ 0.39 per share, but showing an increase from $0.33 per share a year ago, indicating a -7.69% earnings surprise [1][2] Financial Performance - The company posted revenues of$ 24.17 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 60.72%, compared to $21.81 million in the same quarter last year [2] - Over the last four quarters, Horizon Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Horizon Bancorp shares have lost about 1% since the beginning of the year, while the S&P 500 has gained 2.9% [3] - The stock is currently rated Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is$ 0.38 on revenues of $60.57 million, and for the current fiscal year, it is$ 1.67 on revenues of $251.97 million [7] - The outlook for the industry, particularly the Banks - Northeast sector, is favorable, ranking in the top 24% of over 250 Zacks industries [8]