German American Bancorp (GABC) Tops Q1 EPS by 3c

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Go back to German American Bancorp (GABC) Tops Q1 EPS by 3c

German American Bancorp, Inc. (GABC) Reports 15% Growth in First Quarter Earnings

April 27, 2015 5:54 PM EDT

JASPER, Ind., April 27, 2015 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) today reported that the Company's first quarter earnings increased by 15%, on a earnings per share basis, over earnings reported for the first quarter of the prior year. Net income in the first quarter of 2015 was $7.3 million, or $0.55 per share, as compared to first quarter 2014 net income of $6.3 million, or $0.48 per share.

Driven by a combination of an increased level of net interest income and non-interest income and a reduced level of non-interest operating expenses and provision for loan losses, the current... More