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Jun 30, 2020
German American Q2 2020 Earnings Report
Reported earnings for the second quarter of 2020.
Key Takeaways
German American Bancorp, Inc. reported a solid profitability for Q2 2020, with earnings of $14.3 million or $0.54 per share. The company saw unprecedented organic growth in loans and deposits, driven by participation in the Paycheck Protection Program (PPP) and an overall inflow of customer deposits. However, net interest margin was pressured by lower market interest rates and the 1% interest rate on PPP loans.
Reported quarterly earnings of $14.3 million, or $0.54 per share.
End-of-period loans increased by $253 million, or approximately 8%, from the prior quarter.
Total deposits increased by $501 million, or approximately 14%, relative to the prior quarter.
Allowance for credit losses totaled $42.4 million.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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