German American Bancorp (GABC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.11%. A quarter ago, it was expected that this financial services holding company would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise.Over the last f ...

JASPER, Ind., July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported strong second quarter earnings of $20.5 million, or $0.69 per share. This level of quarterly earnings reflected a linked quarter increase of $1.5 million, or approximately 8% on a per share basis, from 2024 first quarter earnings of $19 million or $0.64 per share. Second quarter 2024 operating performance was highlighted by a stabilized net interest margin, solid loan and deposit growth, continued strong cre ...

JASPER, Ind., July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) reported strong second quarter earnings of $20.5 million, or $0.69 per share. This level of quarterly earnings reflected a linked quarter increase of $1.5 million, or approximately 8% on a per share basis, from 2024 first quarter earnings of $19 million or $0.64 per share. Second quarter 2024 operating performance was highlighted by a stabilized net interest margin, solid loan and deposit growth, continued strong cr ...

财务业绩 - 2024年第二季度净利润为2050万美元，每股0.69美元，较2024年第一季度增长约8%[3] - 第二季度净收入受到证券组合重组交易的影响，约375百万美元账面价值的证券被确定出售，导致约3489.3万美元的损失[32] - 第二季度净利息收入同比下降5%，主要由于净利差下降所致[38,39,40] - 第二季度非利息收入同比增加27%，主要由于出售GAI资产获得约3832.3万美元净收益[45,51] - 第二季度非利息收入受到证券重组交易3489.3万美元损失的负面影响[54] - 第二季度非利息支出同比增加5%，主要由于与GAI资产出售和并购交易相关的专业费用增加约190.4万美元[55] - 利息收入总额为1.39835亿美元，同比增长12.7%[87,88] - 非利息收入总额为3.4745亿美元，同比增长16.3%[89] - 净利润为3.9552亿美元，同比下降7.8%[91] - 每股基本收益为1.33美元，同比下降8.3%[92] - 资产收益率为1.28%，权益收益率为12.11%[94] 资产负债情况 - 2024年6月30日贷款余额增加6530万美元,增长约7%[18] - 2024年6月30日不良资产占总资产0.12%,不良贷款占总贷款0.18%,资产质量保持良好[22] - 2024年6月30日核心一级资本充足率14.49%,一级资本充足率15.19%,资本充足[29] - 贷款损失准备金为1.525亿美元，同比下降7.6%[88] - 平均贷款余额为39.97亿美元，同比增长5.7%[97] - 不良贷款率为0.18%，较上年同期下降0.14个百分点[95] 存款情况 - 2024年第二季度存款增加9420万美元,增长约7%[25] - 第二季度存款成本上升导致净利差下降[40] 非利息收入 - 2024年第二季度非利息收入大部分类别均有增长,财富管理费用增加约12%,交易手续费收入增加约8%,贷款出售收益增加约29%[10] - 第二季度资产管理费收入同比增加30%，主要由于管理资产规模增加[48] - 第二季度保险收入同比下降29%，主要由于GAI资产出售影响[49] - 第二季度贷款销售额为3.3亿美元，同比增加33%[53] 成本管控 - 公司第二季度的工资和福利费用下降221,000美元或1%，主要是由于GAI资产出售导致全职员工人数减少[57] - 第二季度的房租、家具和设备费用下降317,000美元或8%，主要是由于物业税评估和季节性公用事业成本下降[58] - 第二季度的数据处理费用增加208,000美元或7%，主要是由于公司数字银行系统升级的相关成本[60] - 第二季度的专业费用增加1,867,000美元或117%，主要是由于GAI资产出售和与Heartland合并交易相关的专业费用[61] - 第二季度的广告和促销费用下降229,000美元或20%，主要是由于公司在市场内的赞助和捐赠时间安排[62] - 成本收入比为44.77%，较上年同期下降10.32个百分点[94] 资产出售和并购 - 公司出售全资子公司German American Insurance Inc.资产,交易价格4000万美元,约为该子公司2023年收入的4倍,获得2747.6万美元税后收益[31] - 公司出售约3.75亿美元的证券投资组合,税前损失2720万美元[16] - 公司宣布与Heartland BancCorp合并,这将提升公司的盈利能力和未来发展[13] - 合并交易可能会带来一些风险和不确定性,如监管审批、整合效果等[69][70][71][73] - 公司正在与Heartland进行合并,双方股东将对此进行表决[64] 股东回报 - 公司宣布每股0.27美元的季度现金股利[12] - 净利差为3.34%，较上年同期下降0.32个百分点[94]

German American Bancorp (GABC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, ...

JASPER, Ind., June 03, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) today announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI af ...

JASPER, Ind., May 20, 2024 (GLOBE NEWSWIRE) -- German American Bank was named to the Forbes America's Best Banks list, ranking 19th among 200 eligible banks. In addition, German American Bank earned accolades as a top community bank with a #15 ranking in the Raymond James Community Bankers Cup awards. "As a community bank, we understand the importance of maintaining a position of strength and stability," states D. Neil Dauby, Chairman and CEO of German American Bank. "We are thrilled to receive top rankings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2024 Commission File Number 001-15877 German American Bancorp, Inc. (Exact name of registrant as specified in its charter) Indiana 35-1547518 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 711 Main Street, Jasper, Indiana 47546 (Address of Principa ...

German American Bancorp (GABC) reported $60.82 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5%. EPS of $0.64 for the same period compares to $0.71 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $61.05 million, representing a surprise of -0.38%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

NEWS RELEASE For additional information, contact: D. Neil Dauby, Chairman and Chief Executive Officer Bradley M Rust, President and Chief Financial Officer (812) 482-1314 1 of 13 April 29, 2024 GERMAN AMERICAN BANCORP, INC. (GABC) REPORTS FIRST QUARTER 2024 EARNINGS Jasper, Indiana: April 29, 2024 – German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter 2024 earnings of $19.0 million, or $0.64 per share, compared to earnings of $21.5 million, or $0.73 per share, for fourth quarter 2023, and ear ...