---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-083576"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:49:49.922763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# German American Q2 net income $20.5M ($0.69 EPS); insurance sale closed, portfolio restructured

## Summary
- GAAP EPS $0.69, up 8% linked quarter from $0.64; net income $20.5M vs $19.0M Q1.
- Net interest margin stable at 3.34% (Q1 3.35%); loans +$65M (7% annualized), deposits +$94M (7% annualized).
- Sold insurance subsidiary for $40M cash; after-tax gain $27.5M ($0.93/share). Securities restructuring: after-tax loss $27.2M ($0.92/share).
- Combined impact of the two transactions on Q2 net income was only +$0.3M.
- Board declared $0.27/share dividend payable Aug 20; pending merger with Heartland BancCorp announced.

## SEC filing metadata
- accession: 0001104659-24-083576
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000110465924083576/0001104659-24-083576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000110465924083576/tm2420260d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-083576
- JSON: https://secwatch.observer/filing/0001104659-24-083576.json
- Plain text: https://secwatch.observer/filing/0001104659-24-083576.txt

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