German American Bancorp Q1 EPS $0.64, down 12% linked quarter; NIM compresses to 3.35%

GERMAN AMERICAN BANCORP, INC.

2024-Q1 EPS reported $0.64 revenue$84,080,000

Net income $19.0M ($0.64/diluted share) vs $21.5M ($0.73) in Q4 2023 and $20.8M ($0.71) in Q1 2023.
Net interest margin fell to 3.35% from 3.43% linked quarter due to higher deposit costs; funding cost rose 12 bps.
Board declared $0.27 quarterly dividend, up 8% from 2023 rate; payable May 20 to holders of record May 10.
Loans stable at $3.98B; commercial real estate +5% annualized, ag lines -22%; NPA ratio 0.16% of assets.
Capital levels well above well-capitalized minimums; total risk-based capital 16.57%.

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 first quarter 2024 results: net income $19.0 million, EPS $0.64 per share.

Period: first quarter 2024
Net income: $19.0 million
EPS: $0.64 per share
Result: reported results

Exact text from the filing

German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter 2024 earnings of $19.0 million, or $0.64 per share

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GERMAN AMERICAN BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0000714395-24-000022

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