German American Bancorp, Inc. (GABC)

German American Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	240.24	212.52	169.16	139.15	151.66
Interest Income on Investments	50.8	44.14	49.77	31.23	22.71
Total Interest Income	291.04	256.66	218.93	170.38	174.37
Interest Paid on Deposits	90.62	56.92	13.51	4.96	13.7
Interest Paid on Borrowings	9.83	9.31	4.83	4.59	5.43
Total Interest Expense	100.45	66.22	18.34	9.55	19.13
Net Interest Income	190.59	190.43	200.58	160.83	155.24
Net Interest Income Growth (YoY)	0.08%	-5.06%	24.72%	3.60%	6.90%
Trust Income	14.42	11.71	10.08	10.32	8.01
Gain (Loss) on Sale of Assets	38.32	-	-	1.4	-
Gain (Loss) on Sale of Investments	-34.79	0.04	0.56	2.25	4.08
Other Non-Interest Income	28.99	34.61	33.22	29.5	25.15
Total Non-Interest Income	62.66	60.26	59.13	59.46	54.47
Non-Interest Income Growth (YoY)	3.98%	1.91%	-0.55%	9.16%	19.72%
Revenues Before Loan Losses	253.25	250.69	259.72	220.29	209.72
Provision for Loan Losses	2.78	2.55	6.35	-6.5	17.55
Revenue	250.48	248.14	253.37	226.79	192.17
Revenue Growth (YoY)	0.94%	-2.06%	11.72%	18.02%	3.65%
Salaries and Employee Benefits	78.28	80.12	79.66	66.1	66.03
Occupancy Expenses	14.94	14.47	14.92	-	-
Federal Deposit Insurance	2.91	2.83	1.86	1.42	0.74
Amortization of Goodwill & Intangibles	2.03	2.84	3.71	2.73	3.54
Selling, General & Administrative	28.3	24.67	22.34	34.12	30.59
Other Non-Interest Expense	19.91	19.57	19.58	19.64	16.23
Total Non-Interest Expense	146.38	144.5	142.07	124.01	117.12
EBT Excluding Unusual Items	104.1	103.65	111.3	102.79	75.04
Pretax Income	104.1	103.65	99.18	102.79	75.04
Income Tax Expense	20.29	17.76	17.35	18.65	12.83
Net Income	83.81	85.89	81.83	84.14	62.21
Net Income to Common	83.81	85.89	81.83	84.14	62.21
Net Income Growth	-2.42%	4.97%	-2.75%	35.25%	5.05%
Basic Shares Outstanding	30	30	29	27	27
Diluted Shares Outstanding	30	30	29	27	27
Shares Change (YoY)	0.33%	0.32%	11.03%	-0.01%	2.77%
EPS (Basic)	2.83	2.91	2.78	3.17	2.34
EPS (Diluted)	2.83	2.91	2.78	3.17	2.34
EPS Growth	-2.74%	4.64%	-12.40%	35.47%	2.18%
Dividend Per Share	1.100	1.020	0.940	0.860	0.780
Dividend Growth	7.84%	8.51%	9.30%	10.26%	11.43%
Effective Tax Rate	19.49%	17.13%	17.50%	18.14%	17.10%

Source: S&P Capital IQ. Banks template. Financial Sources.