---
schema_version: "secwatch.filing_event.v1"
accession: "0000714395-23-000022"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:26:14.587517+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000714395-23-000022
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000071439523000022/0000714395-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000071439523000022/gabc-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-23-000022
- JSON: https://secwatch.observer/filing/0000714395-23-000022.json
- Plain text: https://secwatch.observer/filing/0000714395-23-000022.txt

## Key facts
- Earnings Releases
  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
  source text: German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter earnings of $20.8 million, or $0.71 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439523000022/0000714395-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.