GAB achieves record annual earnings

From Local Sources

JASPER — German American Bancorp Inc. has achieved record annual earnings for the 10th consecutive year, posting net income of $59.2 million, or $2.29 per share, for the year that ended on Dec. 31.

This level of annual earnings performance resulted in a double-digit return on shareholders’ equity in 2019, marking the 15th consecutive fiscal year in which the company has delivered a double-digit return on shareholders’ equity. The company also announced a new share repurchase plan for up to one million GAB shares and the declaration of a 12% increase in its quarterly cash dividend.

Annual net income for 2019 represented an increase of $12.7 million, or approximately 15% on a per share basis, from the prior 2018 net income of $46.5 million, or $1.99 per share. Fourth quarter 2019 net income of $15.8 million, or $0.59 per share, represented approximately a 34% increase, on a per share basis, from fourth quarter 2018 net income of $11.0 million, or $0.44 per share.

Learn more at ir.germanamerican.com/News.




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