German American Bancorp, Inc. (GABC) Reports First Quarter 2024 Earnings [Yahoo! Finance]
German American Bancorp, Inc. (GABC)
Last german american bancorp, inc. earnings: 1/27 05:00 pm
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germanamerican.com/personal
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Source: Yahoo! Finance
million, or $0.64 per share, compared to earnings of $21.5 million, or $0.73 per share, for fourth quarter 2023, and earnings of $20.8 million, or $0.71 per share, for first quarter 2023. First quarter 2024 operating performance was highlighted by strong linked quarter commercial real estate and retail organic loan growth, linked quarter non-public fund deposit growth, strong credit metrics, controlled operating expenses, and a solid level of diversified non-interest income. However, from an earnings perspective, these increases were more than offset by lower net interest income as a result of modest net interest margin compression driven by higher deposit costs. The net interest margin declined from 3.43% to 3.35%, or 8 basis points, during the first quarter of 2024 on a linked quarter basis as the funding cost increase of 12 basis points outpaced the earning asset yield increase of 4 basis points. The rise in the cost of funds in the first quarter of 2024 was driven by the conti
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News
- German American Bank Earns Top Community Bank Recognitions from Forbes and Raymond James [Yahoo! Finance]Yahoo! Finance
- German American Bank Earns Top Community Bank Recognitions from Forbes and Raymond JamesGlobeNewswire
- Here's What Analysts Are Forecasting For German American Bancorp, Inc. (NASDAQ:GABC) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- German American Bancorp First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- German American Bancorp, Inc. (GABC) Reports First Quarter 2024 EarningsGlobeNewswire
GABC
Earnings
- 4/29/24 - In-Line
GABC
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- GABC's page on the SEC website