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Horizon Bancorp Inc   (HBNC)
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Earnings down on soft Revenue at the HBNC amid the financial time-frame ending March 31 2023

company reported first quarter of 2023 operating surplus of $20.091 million


Published 2023-05-12T22:41:45+00:00
Goran Soko / CSIMarket.com Contributer


interior_Joe_Mabel_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsRevenue and income dropped in sympathy in the financial time-frame ending March 31 2023, where income fell by -22.22 % to $0.42 per share and revenue by -14.278 % year on year. Revenue were at $54.62 million in proportion to $63.71 million in first quarter of 2022.

From the prior quarter, profits fell by -12.61 % from $0.48 per share and Revenue decreased by -1.925 % from $55.69 million.


Net profits of $18.228 million in the first quarter of 2023 earnings season fell by -22.64 % from $23.563 million in the corresponding period a year before. Looking further into first quarter of 2023 earnings season Horizon Bancorp Inc 's profitability, operating margin mitigated to 36.79%, and net margin shrank to 33.38%.
Operating earnings, fell -25.87% to $20.091 million, squeezing Horizon Bancorp Inc 's operating margin to 36.79%, from 42.54% in the first quarter of 2022.

Horizon Bancorp Inc is expected to report next financial recent numbers on August 07, 2023.



Horizon Bancorp Inc's Net Profit Margin

Horizon Bancorp Inc's Receivables Turnover Ratio



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