German American Bancorp Q2 EPS $0.75, up 6% linked quarter; dividend raised 9% to $0.25

GERMAN AMERICAN BANCORP, INC.

2023-Q2 EPS reported $1.45

Net income $22.1M, EPS $0.75; linked quarter increase of $1.3M (+6% per share) from Q1 2023.
Net interest margin 3.63%, down 6 bps from Q1 2023; loan growth $57.6M (+6% annualized).
Non-interest expense fell 5% from prior quarter; credit quality strong (NPA/assets 0.21%).
Board declared $0.25 quarterly dividend (+9% YoY), payable Aug 20, record Aug 10.
Deposits stable (+$24.8M from Q1); non-interest bearing remains 30% of deposits.

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 quarter ended June 30, 2023 results: net income $22.1 million, EPS $0.75 per share.

Period: the quarter ended June 30, 2023
Net income: $22.1 million
EPS: $0.75 per share
Result: reported results

Exact text from the filing

reported solid second quarter earnings of $22.1 million, or $0.75 per share.

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Source: SEC EDGAR

accession 0000714395-23-000035

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