secwatch.observer — SEC 8-K summary
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Issuer:     GERMAN AMERICAN BANCORP, INC. (GABC)
CIK:        0000714395
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000714395-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/0000714395-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000007/gabc-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000714395-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer