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Dec 31, 2022
German American Q4 2022 Earnings Report
Reported strong fourth quarter earnings, aided by the CUB acquisition and strong organic loan growth.
Key Takeaways
German American Bancorp reported a strong fourth quarter with net income of $24.4 million, or $0.83 per share, representing an increase of $5.1 million from fourth quarter 2021. The company experienced strong organic loan growth and continued net interest margin expansion. Total loans increased $102 million, or approximately 11% on an annualized basis.
Net income for the quarter ended December 31, 2022 totaled $24.4 million, or $0.83 per share.
Total loans increased $102.3 million, or approximately 11% on an annualized basis.
The tax equivalent net interest margin for the quarter ended December 31, 2022 was 3.78%.
The Board of Directors declared a regular quarterly cash dividend of $0.25 per share.
Forward Guidance
While we anticipate some potential inflationary and recessionary challenges in 2023, we remain excited and committed to the vitality and future growth of our Indiana and Kentucky communities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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