Horizon Bancorp Q4 Adj EPS $0.33 Beats $0.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Horizon Bancorp (NASDAQ:HBNC) reported Q4 adjusted earnings of $0.33 per share, surpassing the consensus estimate of $0.31 by 6.45%. However, this represents a 31.25% decrease from the $0.48 per share earned in the same quarter last year.
January 24, 2024 | 9:09 pm
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Horizon Bancorp's Q4 adjusted EPS of $0.33 exceeded estimates but showed a significant year-over-year decline.
While the earnings beat may provide a short-term positive sentiment, the significant decrease in earnings compared to the previous year could raise concerns about the company's growth and profitability, potentially offsetting the positive impact.
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