German American Q1 2020 Earnings Report

Reported earnings of $0.47 per share, which included a $5.2 million provision for loan losses, due to the anticipated economic downturn related to the COVID-19 pandemic.

Key Takeaways

German American Bancorp, Inc. reported solid profitability for Q1 2020, with earnings of $12.5 million, or $0.47 per share. The company increased its allowance for loan losses in anticipation of the expected economic downturn related to the COVID-19 pandemic. Despite the economic uncertainty, the company reported strong credit metrics and exceeded well capitalized standards.

Reported quarterly earnings of $12.5 million, or $0.47 per share.

Increased allowance for loan losses in anticipation of the expected economic downturn related to the COVID-19 pandemic.

Increased quarter-end tangible book value to $17.00 per share, reflecting a 16% increase since March 31, 2019.

Capital ratios significantly exceeded well capitalized standards.

Total Revenue

$50.3M

Previous year: $45.2M