Horizon Bancorp (HBNC) reported third-quarter net income available to common shareholders of $4.8 million or $0.54 per share, compared to $2.7 million or $0.36 per share in the year-ago comparable quarter.
On average, 4 analysts polled by Thomson Reuters expected the company to earn $0.77 per share for the quarter. Analysts' estimates typically excludes special items.
Net interest income for the latest quarter rose to $15.0 million from $12.0 million in the same quarter last year, while other income was $7.71 million, up from $6.54 million in the year-ago third quarter.
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