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Sep 30, 2023
German American Q3 2023 Earnings Report
Solid earnings were reported, with a slight decrease compared to the previous quarter.
Key Takeaways
German American Bancorp reported net income of $21.5 million, or $0.73 per share, for the third quarter of 2023. The company saw a marginal net interest margin compression, solid loan growth, and a stable deposit base. Credit metrics remained strong, and non-interest expenses were reduced.
Net income totaled $21.5 million, or $0.73 per share.
Net interest margin experienced a marginal compression, decreasing to 3.57%.
Total loans increased by $63.1 million, representing a 7% annualized growth.
Non-performing assets remained low at 0.21% of period-end assets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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