Horizon Bancorp (HBNC) Reports Q1 EPS of $0.48

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Go back to Horizon Bancorp (HBNC) Reports Q1 EPS of $0.48

Horizon Bancorp Announces an Increase in 2015 First Quarter Earnings

April 22, 2015 4:15 PM EDT

MICHIGAN CITY, Ind.--(BUSINESS WIRE)-- (NASDAQ: HBNC) Horizon Bancorp today announced its unaudited financial results for the three-month period ended March 31, 2015.

SUMMARY:

Net income for the first quarter of 2015 increased 56.8% or $1.9 million compared to the same period in 2014 to $5.4 million or $.55 diluted earnings per share. Total loans increased 24.3% on an annualized basis during the first quarter of 2015. Commercial loans increased 12.9% on an annualized basis during the first quarter of 2015. Net interest income for the first quarter of 2015 increased... More