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

German American Bancorp

30/04/2024 03:05

* German American Bancorp Inc  GABC.OQ  reported quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 71 cents.  The mean expectation of
four analysts for the quarter was for earnings of 64 cents per
share. Wall Street expected results to range from 63 cents to 66
cents per share.
    * Revenue fell 4.9% to $60.82 million from a year ago;
analysts
expected $62.89 million. 
    * German American Bancorp Inc's reported EPS for the quarter
was
64 cents​.
    * The company reported quarterly net income of $19.02
million.
    * German American Bancorp Inc shares had fallen by 6.9% this
quarter and lost 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 $36.00 
This summary was machine generated from LSEG data April 30 at
02:05 a.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
 Mar. 31 2024      0.64           0.64           Met
 Dec. 31 2023      0.67           0.73           Beat
 Sep. 30 2023      0.70           0.73           Beat
 Jun. 30 2023      0.67           0.75           Beat