Horizon Bancorp (HBNC) Q1 Earnings and Revenues Beat Estimates

Core Viewpoint - Horizon Bancorp reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and showing an increase from $0.32 per share a year ago, representing a 35% earnings surprise [1][2] Financial Performance - The company posted revenues of $68.77 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.81%, compared to $53.22 million in the same quarter last year [2] - Over the last four quarters, Horizon Bancorp has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - Horizon Bancorp shares have declined approximately 13.5% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The company's current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $65.43 million, and for the current fiscal year, it is $1.78 on revenues of $262.7 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast places it in the top 23% of over 250 Zacks industries, indicating that the industry is performing relatively well [8]