Horizon profits up again |
Horizon profits up again |
Oct 31 2017, 09:54 AM
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Spends WAY too much time at CBTL Group: Admin Posts: 16,426 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
http://www.nwitimes.com/business/local/hor...cbed411053.html
QUOTE Horizon Bancorp, the parent company of Michigan City-based Horizon Bank, reported a third-quarter profit of $8.2 million, a 23.8 percent increase over the $6.6 million it made in the third quarter of 2016. The bank earned $0.36 per share, up from $0.30 per share in the third quarter of last year. "During the third quarter of 2017, Horizon’s balanced strategy of organic growth and well-executed acquisitions resulted in another solid quarter of earnings," Horizon Bank Chairman and Chief Executive Officer Craig Dwight said. "Core net income for the third quarter of 2017 increased 10.3 percent to $9.2 million when compared to the same period of 2016, while core net income for the first nine months of 2017 increased 22.5 percent to $25.4 million." The bank has made $25.5 million during the first nine months of the year, up from $18.3 million during the same period last year. Horizon Bank has earned $1.13 per share so far this year. Return on average assets rose to 0.96 percent during the third quarter, up from 0.8 percent during the same period in 2016. |
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