secwatch.observer — SEC 8-K summary
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Issuer:     GERMAN AMERICAN BANCORP, INC. (GABC)
CIK:        0000714395
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000714395-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000022/0000714395-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000022/gabc-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000714395-24-000022

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