---
schema_version: "secwatch.filing_event.v1"
accession: "0000714395-24-000022"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:57:03.239433+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000714395-24-000022
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000071439524000022/0000714395-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000071439524000022/gabc-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-24-000022
- JSON: https://secwatch.observer/filing/0000714395-24-000022.json
- Plain text: https://secwatch.observer/filing/0000714395-24-000022.txt

## Key facts
- Earnings Releases
  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
  source text: German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter 2024 earnings of $19.0 million, or $0.64 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439524000022/0000714395-24-000022-index.htm

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