German American Bancorp, Inc. (GABC)

German American Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	234.25	212.52	169.16	139.15	151.66	152.48
Interest Income on Investments	47.25	44.14	49.77	31.23	22.71	23.99
Total Interest Income	281.5	256.66	218.93	170.38	174.37	176.47
Interest Paid on Deposits	86.76	56.92	13.51	4.96	13.7	23.81
Interest Paid on Borrowings	9.57	9.31	4.83	4.59	5.43	7.44
Total Interest Expense	96.33	66.22	18.34	9.55	19.13	31.25
Net Interest Income	185.17	190.43	200.58	160.83	155.24	145.23
Net Interest Income Growth (YoY)	-6.11%	-5.06%	24.72%	3.60%	6.90%	26.71%
Trust Income	13.93	11.71	10.08	10.32	8.01	7.28
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	1.25
Other Non-Interest Income	31.51	34.61	33.22	29.5	25.15	23.62
Total Non-Interest Income	64.14	60.26	59.13	59.46	54.47	45.5
Non-Interest Income Growth (YoY)	9.95%	1.91%	-0.55%	9.16%	19.72%	22.74%
Revenues Before Loan Losses	249.31	250.69	259.72	220.29	209.72	190.73
Provision for Loan Losses	2.15	2.55	6.35	-6.5	17.55	5.33
Revenue	247.16	248.14	253.37	226.79	192.17	185.4
Revenue Growth (YoY)	-2.11%	-2.06%	11.72%	18.02%	3.65%	23.92%
Salaries and Employee Benefits	79.02	80.12	79.66	66.1	66.03	61.94
Federal Deposit Insurance	2.9	2.83	1.86	1.42	0.74	0.53
Amortization of Goodwill & Intangibles	2.23	2.84	3.71	2.73	3.54	3.72
Selling, General & Administrative	42.56	39.14	37.26	34.12	30.59	32.56
Other Non-Interest Expense	19.56	19.57	19.58	19.64	16.23	15.42
Total Non-Interest Expense	146.27	144.5	142.07	124.01	117.12	114.16
EBT Excluding Unusual Items	100.88	103.65	111.3	102.79	75.04	71.24
Pretax Income	100.88	103.65	99.18	102.79	75.04	71.24
Income Tax Expense	18.78	17.76	17.35	18.65	12.83	12.02
Net Income	82.11	85.89	81.83	84.14	62.21	59.22
Net Income to Common	82.11	85.89	81.83	84.14	62.21	59.22
Net Income Growth	-7.53%	4.97%	-2.75%	35.25%	5.05%	27.28%
Basic Shares Outstanding	30	30	29	27	27	26
Diluted Shares Outstanding	30	30	29	27	27	26
Shares Change (YoY)	0.32%	0.32%	11.03%	-0.01%	2.77%	10.45%
EPS (Basic)	2.77	2.91	2.78	3.17	2.34	2.29
EPS (Diluted)	2.77	2.91	2.78	3.17	2.34	2.29
EPS Growth	-7.87%	4.64%	-12.40%	35.47%	2.18%	15.08%
Dividend Per Share	1.080	1.020	0.940	0.860	0.780	0.700
Dividend Growth	8.00%	8.51%	9.30%	10.26%	11.43%	12.90%
Effective Tax Rate	18.61%	17.13%	17.50%	18.14%	17.10%	16.87%

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