GAB reports record quarterly earnings

From Local Sources

JASPER — German American Bancorp Inc. reported record quarterly earnings of $15.1 million, or $0.60 per share, for the quarter ending on March 31, 2019.

This level of quarterly earnings performance was an increase of 36%, on a per share basis, compared with fourth quarter 2018 net income of $11.0 million, or $0.44 per share, and an increase of 18%, on a per share basis, compared with the first quarter 2018 net income of $11.8 million, or $0.51 per share.

These quarterly comparisons are inclusive of the Company’s 2018 five-branch acquisition in the greater Columbus, Indiana, market area on May 18, 2018, and its acquisition of First Security Inc. on Oct. 15, 2018. First Security was based in Owensboro, Kentucky, and operated 11 retail banking offices in the Owensboro, Bowling Green, Franklin and Lexington, Kentucky, market areas and in the Evansville and Newburgh, market area.

To see the full financial report, visit ir.germanamerican.com.




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