German American Q3 2020 Earnings Report

German American reported earnings increase of 12% on a per share basis compared to Q3 2019.

Key Takeaways

German American Bancorp, Inc. reported third quarter earnings of $14.6 million, or $0.55 per share. The results were positively impacted by an increase in non-interest income and a decrease in non-interest expenses, offset by an increase in the provision for credit losses.

Third quarter earnings were $14.6 million, or $0.55 per share.

End-of-period loans were approximately $3.2 billion, a 5% increase from the previous year.

Total deposits were approximately $4.0 billion, a 16% increase relative to Q3 2019.

The Board of Directors declared a regular quarterly cash dividend of $0.19 per share.

Total Revenue

$51.7M

Previous year: $50.6M