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Dec 31, 2024
German American Q4 2024 Earnings Report
Reported strong fourth quarter earnings driven by net interest margin expansion and loan and deposit growth.
Key Takeaways
German American Bancorp reported strong Q4 2024 earnings of $23.2 million, or $0.78 per share, driven by net interest margin expansion and broad-based loan and deposit growth. The company also announced a 7.4% increase to its quarterly cash dividend.
Net income for the fourth quarter of 2024 totaled $23.2 million, or $0.78 per share.
Net interest income increased by $2.4 million, or 5%, compared to the third quarter of 2024.
Total loans increased by $63.9 million, or 6% on an annualized linked quarter basis.
Non-performing assets were 0.18% of period end assets and non-performing loans totaled 0.27% of period end loans.
Forward Guidance
German American is excited about the long-term growth potential due to a normalizing yield curve and the pending merger with Heartland BancCorp.
Positive Outlook
- Normalizing yield curve
- Strong organic growth footprint
- Pending merger with Heartland BancCorp
- Strategically compelling opportunity
- Financially attractive opportunity
Challenges Ahead
- Changes in interest rates
- Unfavorable economic conditions
- Changes in competitive conditions
- Potential cyber-attacks
- Actions of the Federal Reserve Board
Historical Earnings Impact
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Avg. Return Before/After Earnings
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