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home / news releases / HBNC - Horizon Bancorp: All In All A Positive Q4 2023

HBNC - Horizon Bancorp: All In All A Positive Q4 2023

Horizon Bancorp Inc.

2024-01-31 18:29:44 ET

Summary

  • Horizon Bancorp's Q4 earnings report showed a miss in EPS and revenue, but a closer analysis reveals positive aspects.
  • The company faced extraordinary expenses, but is entering 2024 with expanding margins and financial flexibility.
  • The bank's low LTD ratio and ample cash on hand position it well for growth and reduced competition in 2024.

A few days ago Horizon Bancorp, Inc. ( HBNC ) released Q4 2023 earnings and the results were rather disappointing at first glance:

  • Q4 GAAP EPS of -$0.58 misses by $0.12.
  • Revenue of $21.81M (-63.3% Y/Y) misses by $30.53M.

For further details see:

Horizon Bancorp: All In All, A Positive Q4 2023
Stock Information
Company Name: Horizon Bancorp Inc.
Stock Symbol: HBNC
Market: NASDAQ
Website: horizonbank.com
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