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Dec 31, 2023
German American Q4 2023 Earnings Report
Posted solid fourth quarter and annual earnings and declared 8% cash dividend increase.
Key Takeaways
German American Bancorp reported a net income of $21.5 million, or $0.73 per share, consistent with the previous quarter. Strong organic loan and deposit growth highlighted the quarter, with total loans increasing by $84 million and deposits increasing by $117 million. Non-interest income grew by 5%, and non-interest expenses remained flat.
Net income for Q4 2023 was $21.5 million, or $0.73 per share, consistent with Q3 2023.
Total loans increased by $84 million, representing an annualized growth of approximately 9%.
Deposits increased by $117 million, a 2% increase compared to the previous quarter.
Non-interest income grew by 5% while non-interest expenses remained flat compared to the previous quarter.
Forward Guidance
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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