GABC Q3 net income $24.6M ($0.83 EPS), up 2% QoQ; net interest margin expands to 3.59%

GERMAN AMERICAN BANCORP, INC.

2022-Q3 EPS reported $1.95

Net income $24.6M, EPS $0.83 vs Q2 $0.81 and Q3 2021 $0.81.
Net interest margin (tax-equiv) 3.59% vs 3.35% in Q2; net interest income $51.7M, up 4% QoQ.
Loans grew $33.6M (4% annualized); deposits declined $139.3M (10% annualized) due to rate competition.
Non-performing assets fell to $13.8M (0.22% of assets) from $15.1M at June 30.
Declared $0.23 quarterly dividend, payable Nov 20 to holders of record Nov 10.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GERMAN AMERICAN BANCORP, INC. reported the third quarter ended September 30, 2022 results: net income $24.6 million, EPS $0.83 per share.

Period: the third quarter ended September 30, 2022
Net income: $24.6 million
EPS: $0.83 per share
Result: reported results

Exact text from the filing

German American Bancorp, Inc. (Nasdaq: GABC) reported strong operating performance for the third quarter ended September 30, 2022, with earnings of $24.6 million, resulting in the Company’s second highest level of historical earnings per share at $0.83 per share.

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Source: SEC EDGAR

accession 0000714395-22-000043

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