German American Bancorp Q3 net income $21.0M ($0.71 EPS); NIM expands to 3.47%

GERMAN AMERICAN BANCORP, INC.

2024-Q3 EPS reported $2.04 revenue$263,034,000

Q3 net income $21.0M ($0.71 EPS), up 3% linked quarter from $20.5M ($0.69), down 3% YoY from $21.5M ($0.73).
Net interest margin rose to 3.47% from 3.34% in Q2; net interest income increased 6% linked quarter.
Loans grew $25.1M (2.5% annualized); non-performing assets low at 0.15% of total assets.
Declared $0.27/share dividend payable Nov 20, 2024 to shareholders of record Nov 10, 2024.
Pending merger with Heartland BancCorp; $747k merger costs incurred in Q3.

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