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.
German American is excited about the long-term growth potential due to a normalizing yield curve and the pending merger with Heartland BancCorp.
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