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Sep 30, 2021
German American Q3 2021 Earnings Report
Reported continued strong operating performance with increased earnings.
Key Takeaways
German American Bancorp reported strong Q3 2021 earnings of $21.5 million, or $0.81 per share, a 47% increase on a per share basis from Q3 2020. The growth was driven by strong balance sheet growth, improved net interest income, reduced provision for credit losses, solid non-interest income, and controlled non-interest expenses. Total assets reached $5.476 billion, a 13% increase compared to September 30, 2020.
Earnings per share increased by approximately 47% compared to the third quarter of 2020.
Total assets increased by 13% compared to September 30, 2020.
Net interest income increased by 8% from the third quarter of 2020.
Non-interest income improved by 17% on a quarterly basis compared to the same quarter last year.
Forward Guidance
Company did not provide forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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