Horizon Bancorp Q2 Profit Rises

Horizon Bancorp. Profit Rises, Meets Street - Quick Facts

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7/18/2012 6:53 PM ET

Horizon Bancorp (HBNC: Quote) reported second-quarter net income available to common shareholders of $4.8 million or $0.93 per share, up from $2.8 million or $0.56 per share in the year-ago comparable quarter.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.80 per share for the quarter. Analysts' estimates typically excludes special items.

Net interest income for the latest quarter rose to $13.0 million from $11.5 million in the same quarter last year. Other income increased to $6.6 million from $4.4 million in the year-ago second quarter.

Analysts expected the company to report revenues of $18.18 million for the quarter.

Provision for loan losses for the quarter decreased to $0.2 million from $1.3 million in the year-ago quarter.

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by RTT Staff Writer

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