NASDAQ$GABC

German American Bancorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings for the second quarter of 2020.

German American Bancorp, Inc. reported a solid profitability for Q2 2020, with earnings of $14.3 million or $0.54 per share. The company saw unprecedented organic growth in loans and deposits, driven by participation in the Paycheck Protection Program (PPP) and an overall inflow of customer deposits. However, net interest margin was pressured by lower market interest rates and the 1% interest rate on PPP loans.

  • Reported quarterly earnings of $14.3 million, or $0.54 per share.
  • End-of-period loans increased by $253 million, or approximately 8%, from the prior quarter.
  • Total deposits increased by $501 million, or approximately 14%, relative to the prior quarter.
  • Allowance for credit losses totaled $42.4 million.

Headline financials

Total Revenue

$50.9M

Previous: $44.2M+15.2%
EPS (adj)

$0.54

Previous: $0.62-12.9%
Net Interest Margin

3.6%

No prior period
Efficiency Ratio

54.4%

No prior period
ACL to Loans

1.3%

No prior period
NPAs to Assets

0.4%

No prior period
NPLs to Loans

0.6%

No prior period
Capital Expenditures

-$3.38M

Previous: -$3.17M-6.7%
Free Cash Flow

$10.9M

Previous: $12.1M-10.1%
Net Income

$14.3M

Previous: $15.3M-6.7%
Operating Income

$32M

Previous: $29.1M+10.0%
Gross Profit

$45M

Previous: $44.2M+1.9%
Cash & Equivalents

$278M

Previous: $90M+209.3%
Total Assets

$4.85B

Previous: $3.97B+22.2%
Stock-Based Comp

$282K

Previous: $310K-9.0%

Revenue & EPS history

German American · Revenue · Quarterly

$50.9M

Q2 2020+15.2%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

German American · $7.73M total across 5 segments · Q2 2020

  • Loan Gains
    $2.65M
  • Interchange Fees
    $2.48M
  • Deposit Service Charges
    $1.37M
  • Other Op Income
    $882K
  • COLI Income
    $356K

Forward guidance

The company did not provide specific forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.8%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+7.3%

Q2 2012

Best reaction

-8.1%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-1.2%-1.2%
Q4 2025+3.6%+3.7%+5.0%
Q3 2025+1.9%+1.1%+1.4%
Q2 2025-1.7%+0.2%+2.2%
Q1 2025+2.1%+2.8%-1.1%
Q4 2024+4.4%+3.5%-0.9%
Q3 2024+2.8%+3.1%+15.4%
Q2 2024-2.4%-10.1%-4.4%
Q1 2024-1.6%-0.3%-2.9%
Q4 2023+3.9%-1.7%-4.8%
Q3 2023+0.9%+5.5%+7.9%
Q2 2023+1.9%+7.0%-2.4%
Q1 2023-8.1%-8.0%-10.4%
Q4 2022+3.7%+9.5%+5.0%
Q3 2022+0.8%+2.1%+1.9%
Q2 2022+7.0%+7.3%+6.7%
Q1 2022-3.6%-5.2%-0.1%
Q4 2021+1.8%+1.6%+1.1%
Q3 2021+0.5%-1.1%+8.1%
Q2 2021+4.0%+5.1%+4.4%
Q1 2021-1.2%-2.0%-8.1%
Q4 2020-0.8%-1.7%+16.3%
Q3 2020-4.7%-4.5%+7.5%
Q2 2020-1.7%-4.0%-2.8%
Q1 2020-2.3%-2.0%+16.9%
Q4 2019+0.8%-2.5%-7.6%
Q3 2019+0.5%+1.9%+3.0%
Q2 2019+2.3%+0.7%-1.2%
Q1 2019+1.2%+2.3%-2.9%
Q4 2018-3.7%-0.8%+2.4%
Q3 2018+3.7%+1.7%+2.7%
Q2 2018-1.2%-1.6%+1.4%
Q1 2018+0.5%+3.9%+5.9%
Q4 2017-1.4%+0.2%-5.1%
Q3 2017-7.1%-7.0%-1.1%
Q2 2017-1.2%-6.5%-8.8%
Q1 2017+6.3%+0.3%-5.5%
Q4 2016-1.2%+0.1%+0.5%
Q3 2016+1.7%+3.2%+22.3%
Q2 2016+1.3%+1.0%+5.4%
Q1 2016-5.5%
Q4 2015-1.8%
Q3 2015-3.5%
Q2 2015-2.1%
Q1 2015+2.9%
Q4 2014-0.2%
Q3 2014+5.5%
Q2 2014+0.1%
Q4 2013+6.5%
Q1 2014-1.0%
Q3 2013-0.3%
Q2 2013+1.3%
Q4 2012+1.3%
Q1 2013-3.5%
Q4 2010-3.6%
Q4 2011-3.6%
Q3 2012+2.9%
Q2 2012+7.3%
Q1 2011+0.1%
Q1 2012+2.9%
Q4 2009+6.2%
Q3 2011-4.2%
Q2 2011-6.8%
Q3 2010-3.4%
Q2 2010+0.5%
Q1 2010-0.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro