8-K
filed January 31, 2023, 6:59 PM ET
ticker GABC
CIK 0000714395
earnings
confidence high
sentiment positive
materiality 0.70
German American Bancorp Q4 EPS $0.83, up 14% YoY; board raises dividend 9% to $0.25
GERMAN AMERICAN BANCORP, INC.
2022-FY EPS reported
$2.78
revenue$278,059,000
- Full-year 2022 net income $81.8M ($2.78 EPS), second highest annual earnings; down from record $84.1M ($3.17 EPS) in 2021.
- Q4 net income $24.4M ($0.83 EPS), up 14% YoY from $19.3M ($0.73 EPS); sequentially flat vs Q3.
- Quarterly dividend raised 9% to $0.25 per share, payable Feb 20, 2023 to holders of record Feb 10, 2023.
- Total loans grew $102M (11% annualized) in Q4; net interest margin expanded to 3.78% from 3.59% in Q3.
- Non-performing assets were 0.23% of total assets; allowance for credit losses at 1.17% of loans.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GERMAN AMERICAN BANCORP, INC. reported the year ended December 31, 2022 results: net income $81.8 million, EPS $2.78 per share.
- Period
- the year ended December 31, 2022
- Net income
- $81.8 million
- EPS
- $2.78 per share
- Result
- reported results
Exact text from the filing
reported strong annual earnings of $81.8 million, or $2.78 per share, for the year end December 31, 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GERMAN AMERICAN BANCORP, INC. reported the quarter ended December 31, 2022 results: net income $24.4 million, EPS $0.83 per share.
- Period
- the quarter ended December 31, 2022
- Net income
- $24.4 million
- EPS
- $0.83 per share
- Result
- reported results
Exact text from the filing
Fourth quarter 2022 net income of $24.4 million, or $0.83 per share
View on SEC.gov
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