German American Bancorp, Inc. reported a net income of $15.8 million, or $0.59 per share, for Q4 2019, representing a 34% increase on a per share basis compared to Q4 2018. The company also announced a new share repurchase plan for up to one million GABC shares and a 12% increase in its quarterly cash dividend.
Net income for Q4 2019 increased by 34% on a per share basis compared to Q4 2018.
The company's Board approved a new share repurchase plan authorizing the repurchase of up to one million shares.
A 12% increase in the regular quarterly cash dividend was declared.
Total assets reached $4.397 billion at the end of 2019, marking a 12% increase compared to the previous year.
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