German American Bancorp Q1 EPS $0.71, down 15% QoQ; declares $0.25 dividend (9% increase)

GERMAN AMERICAN BANCORP, INC.

2023-Q1 EPS reported $0.71

Q1 net income $20.8M ($0.71 EPS), up 129% YoY but down 15% from Q4 2022's $0.83.
Net interest margin narrowed to 3.69% from 3.78% Q4 on higher funding costs; deposits fell $195M linked quarter.
Non-performing assets stable at 0.24% of total assets; provision for credit losses $1.1M vs $0.5M in Q4.
Board declared $0.25 quarterly dividend (+9% from 2022 rate), payable May 20 to holders of record May 10.
Core deposit base stabilizing; uninsured deposits ~21% of total; management confident in liquidity and capital.

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 quarter ended March 31, 2023 results: net income $20.8 million, EPS $0.71 per share.

Period: quarter ended March 31, 2023
Net income: $20.8 million
EPS: $0.71 per share
Result: reported results

Exact text from the filing

German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter earnings of $20.8 million, or $0.71 per share.

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Source: SEC EDGAR

accession 0000714395-23-000022

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