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.
Read the full article on Seeking Alpha
For further details see:
Horizon Bancorp: All In All, A Positive Q4 2023