Horizon Bancorp (HBNC) Misses Q3 EPS by 9c

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Horizon Bancorp, Inc. Reports Third Quarter 2022 EPS of $0.55; Strong Loan Growth Continues to Offset Non–interest Income and Expense Headwinds

October 26, 2022 4:35 PM EDT

MICHIGAN CITY, Ind., Oct. 26, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (Horizon or the Company) announced its unaudited financial results for the three and ninemonths ending September 30, 2022.

We are proud of the performance achieved by our business banking and consumer lending teams who delivered annualized loan growth of 7.8% in the third quarter, excluding PPP loans and sold commercial participation loans, Chairman and CEO Craig M. Dwight said. This continued strong loan growth led to the increase in net interest income and substantially offset headwinds from lower residential mortgage lending activity and... More