German American Bancorp Inc reports results for the quarter ended in June - Earnings Summary

German American Bancorp

30/07/2024 24:24

* German American Bancorp Inc  GABC.OQ  reported quarterly
adjusted earnings of 68 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 75 cents.  The mean expectation of five analysts
for the quarter was for earnings of 62 cents per share. Wall
Street expected results to range from 61 cents to 65 cents per
share.
    * Revenue rose 2.8% to $64.89 million from a year ago;
analysts
expected $61.49 million. 
    * German American Bancorp Inc's reported EPS for the quarter
was
69 cents​.
    * The company reported quarterly net income of $20.53
million.
    * German American Bancorp Inc shares had risen by 18.1% this
quarter and gained 28.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for German American
Bancorp Inc is $35.00 
This summary was machine generated from LSEG data July 29 at
11:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.62           0.68           Beat
 Mar. 31 2024      0.64           0.64           Met
 Dec. 31 2023      0.67           0.73           Beat
 Sep. 30 2023      0.70           0.73           Beat