GAB sees record quarterly earnings
January 26, 2021By Herald Staff
JASPER — German American Bancorp Inc. has reported record quarterly earnings of $20.9 million, or $0.79 per share, during the fourth quarter 2020 and that, for the 11th consecutive year, the company has achieved record annual earnings posting annual net income of $62.2 million, or $2.34 per share, for the year ended Dec. 31, 2020.
This level of annual earnings resulted in a double-digit return on shareholders’ equity in 2020, marking the 16th consecutive year in which the company has delivered a double-digit return on shareholders’ equity.
The company also announced the declaration of an 11% increase in its quarterly cash dividend, and the approval of a new share repurchase plan for up to one million GABC shares.
For the company's full financial report, visit http://ir.germanamerican.com/News.
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