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Jun 30, 2022
German American Q2 2022 Earnings Report
Reported strong operating performance with earnings of $23.7 million, resulting in the Company's second highest level of reported earnings per share.
Key Takeaways
German American Bancorp, Inc. reported strong operating performance in the second quarter of 2022, with earnings of $23.7 million, or $0.81 per share. The second quarter earnings performance was driven by improved net interest margin and continued strong credit metrics, as well as increased interchange fee income and deposit service charges, and improved efficiencies in non-interest expenses resulting from the CUB merger.
Earnings of $23.7 million, or $0.81 per share.
Net interest income increased $2.7 million from the first quarter of 2022 and $9.7 million compared to the same quarter 2021.
Total assets increased $1.12 billion, compared to June 30, 2021.
Non-interest expenses declined by $12.5 million, or 26%, in the second quarter of 2022, as compared to the first quarter of 2022
Revenue by Segment
Forward Guidance
The Company anticipates continuing to realize the benefits from a rising rate environment as well as the strength of our lending pipelines throughout most of our existing and newly acquired geographic footprint. Although continued fears of inflation and recession may potentially slow future loan growth, we will be prepared to face the headwinds from future economic uncertainties.
Positive Outlook
- Anticipate continuing to realize the benefits from a rising rate environment.
- Strength of our lending pipelines throughout most of our existing and newly acquired geographic footprint.
- Improved net interest margins.
- Solid organic loan originations throughout our entire footprint.
- Optimizing operating costs by realizing efficiencies following the CUB merger and related systems conversion.
Challenges Ahead
- Continued fears of inflation may potentially slow future loan growth.
- Recession may potentially slow future loan growth.
- Economic uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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