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Dec 31, 2020
German American Q4 2020 Earnings Report
Posted record earnings and declared 11% cash dividend increase and announced stock repurchase plan.
Key Takeaways
German American Bancorp, Inc. reported record quarterly earnings of $20.9 million, or $0.79 per share, during the fourth quarter 2020 and that, for the 11th consecutive year, the Company has achieved record annual earnings posting annual net income of $62.2 million, or $2.34 per share, for the year ended December 31, 2020.
Record quarterly earnings of $20.9 million, or $0.79 per share, were reported for Q4 2020.
The company achieved record annual earnings for the 11th consecutive year, with a net income of $62.2 million, or $2.34 per share, for the year ended December 31, 2020.
An 11% increase in the quarterly cash dividend was declared.
A new share repurchase plan for up to one million GABC shares was approved.
Forward Guidance
The company announced an 11% increase in the level of its regular quarterly cash dividend, as its Board of Directors declared a regular quarterly cash dividend of $0.21 per share, which will be payable on February 20, 2021 to shareholders of record as of February 10, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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