---
schema_version: "secwatch.filing_event.v1"
accession: "0000714395-24-000007"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:12:24.034836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# German American Bancorp posts $2.91 EPS for 2023, raises dividend 8% to $0.27

## Summary
- Net income $85.9M for 2023 vs $81.8M in 2022; EPS $2.91 vs $2.78 (5% per-share growth).
- Q4 net income $21.5M ($0.73 EPS) flat vs Q3; net interest margin compressed to 3.43% from 3.57%.
- Total loans grew $84M (9% annualized) in Q4; deposits up $117M (2% linked quarter).
- Non-performing assets fell to $9.2M (0.15% of assets) from $12.4M; no provision for credit losses in Q4.
- Board declared $0.27 quarterly cash dividend, an 8% increase, payable Feb 20, 2024; 12th consecutive year of increases.

## SEC filing metadata
- accession: 0000714395-24-000007
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/0000714395-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/gabc-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-24-000007
- JSON: https://secwatch.observer/filing/0000714395-24-000007.json
- Plain text: https://secwatch.observer/filing/0000714395-24-000007.txt

## Key facts
- Earnings Releases
  GERMAN AMERICAN BANCORP, INC. reported quarter and year ended December 31, 2023 results: net income $85.9 million, or $2.91 per share, for the year ended December 31, 2023; fourth quarter 2023 net income of $21.5 million.
  - Period: quarter and year ended December 31, 2023
  - Net income: $85.9 million, or $2.91 per share, for the year ended December 31, 2023; fourth quarter 2023 net income of $21.5 million
  - Result: reported results
  source text: On January 29, 2024, German American Bancorp, Inc. (the “Company”) issued a press release announcing its results for the quarter and year ended December 31, 2023, and making other disclosures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/0000714395-24-000007-index.htm
- Governance Changes
  GERMAN AMERICAN BANCORP, INC.: Amended and restated Code of Business Conduct to communicate standards for ethical conduct and formalize policies on bribery, corruption, etc (effective 2024-01-25).
  - Change: code of ethics
  - Effective: 2024-01-25
  source text: On and effective January 25, 2024, the Company’s Board of Directors (the “Board”), upon the recommendation of its Governance/Nominating Committee, approved an amended and restated Code of Business Conduct for the Company (the “Code”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/0000714395-24-000007-index.htm

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