German American Bancorp: 4Q Earnings Snapshot
JASPER, Ind. (AP) _ German American Bancorp Inc. (GABC) on Monday reported fourth-quarter net income of $11 million.
The bank, based in Jasper, Indiana, said it had earnings of 44 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 53 cents per share.
The financial services holding company posted revenue of $49.3 million in the period. Its revenue net of interest expense was $42.7 million, surpassing Street forecasts.
For the year, the company reported profit of $46.5 million, or $1.99 per share. Revenue was reported as $151.7 million.
German American Bancorp shares have risen slightly more than 8 percent since the beginning of the year. The stock has dropped 14 percent in the last 12 months.