Horizon Bancorp (HBNC) 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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