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 a ...

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 -- ...

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 ...

JASPER, Ind., April 29, 2024 (GLOBE NEWSWIRE) -- 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 earnings of $20.8 million, or $0.71 per share, for first quarter 2023. First quarter 2024 operating performance was highlighted by strong linked quarter commercial real estate and retail organic loan growth, linked quarter non-public fund deposit growth, s ...

Wall Street analysts forecast that German American Bancorp (GABC) will report quarterly earnings of $0.64 per share in its upcoming release, pointing to a year-over-year decline of 9.9%. It is anticipated that revenues will amount to $61.05 million, exhibiting a decline of 4.6% compared to the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their i ...

German American Bancorp (GABC) shares rallied 6% in the last trading session to close at $33. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.3% loss over the past four weeks. Almost a week after getting hurt by the industry-wide concern related to commercial real estate (CRE) loans, shares of German American Bancorp are showing signs of improvement. While CRE loans constitute almost 50% of the company’s to ...

JASPER, Ind., March 04, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) and its banking subsidiary, German American Bank, announces that Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1, 2024. Powell will succeed current Executive Vice President and Chief Credit Officer, Keith A. Leinenbach, who will be retiring. Leinenbach will retire after 24 years with the organization and over 40 years of broad-based banking industry experience. Keith ...