secwatch.observer — SEC 8-K summary
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Issuer:     GERMAN AMERICAN BANCORP, INC. (GABC)
CIK:        0000714395
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000714395-22-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714395/000071439522000043/0000714395-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714395/000071439522000043/gabc-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000714395-22-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer