Horizon Bancorp (HBNC) Misses Q4 EPS by 9c

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Go back to Horizon Bancorp (HBNC) Misses Q4 EPS by 9c

Horizon Bancorp Announces Record 2015 Net Income

January 25, 2016 4:35 PM EST

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

SUMMARY:

Net income for the year ending December 31, 2015 was $20.5 million or $1.89 diluted earnings per share. Excluding merger expenses, gain on sale of investment securities and the death benefit on bank owned life insurance, net income for the year ending December 31, 2015 increased 29.0% compared to the year ending December 31, 2014 to $23.6 million or $2.18 diluted earnings per share. Net interest income for the year ending... More