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Jun 30, 2023
German American Q2 2023 Earnings Report
Reported solid earnings in the second quarter of 2023.
Key Takeaways
German American Bancorp, Inc. reported solid second quarter earnings of $22.1 million, or $0.75 per share, reflecting a linked quarter increase of $1.3 million from 2023 first quarter earnings. The Company remained well positioned with continued solid liquidity and strong capital.
Net interest margin declined marginally from 3.69% to 3.63% during the second quarter of 2023.
Total loans increased $57.6 million, or 6% on an annualized basis.
Non-performing assets were 0.21% of period end assets and non-performing loans totaled 0.32% of period end loans.
Wealth management fees increased 10% due to increased assets under management.
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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