NASDAQ$GABC

German American Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong fourth quarter earnings, aided by the CUB acquisition and strong organic loan growth.

German American Bancorp reported a strong fourth quarter with net income of $24.4 million, or $0.83 per share, representing an increase of $5.1 million from fourth quarter 2021. The company experienced strong organic loan growth and continued net interest margin expansion. Total loans increased $102 million, or approximately 11% on an annualized basis.

  • Net income for the quarter ended December 31, 2022 totaled $24.4 million, or $0.83 per share.
  • Total loans increased $102.3 million, or approximately 11% on an annualized basis.
  • The tax equivalent net interest margin for the quarter ended December 31, 2022 was 3.78%.
  • The Board of Directors declared a regular quarterly cash dividend of $0.25 per share.

Headline financials

Total Revenue

$66M

Previous: $55.7M+18.6%
EPS (adj)

$0.83

Previous: $0.73+13.7%
Net Interest Margin

3.8%

Previous: 3.2%+18.1%
Efficiency Ratio

52.5%

Previous: 54.7%-4.0%
NPAs to Assets

0.2%

Previous: 0.3%-11.5%
NPLs to Loans

0.4%

Previous: 0.5%-22.4%
Loans 30-89 Days PD

0.4%

No prior period
Capital Expenditures

$1.56M

Previous: $1.89M-17.3%
Free Cash Flow

$26M

Previous: $25M+3.8%
Net Income

$24.4M

Previous: $19.3M+26.7%
Operating Income

$29.9M

Previous: $22.4M+33.5%
Cash & Equivalents

$77.2M

Previous: $47.2M+63.6%
Total Assets

$6.16B

Previous: $5.61B+9.8%
Stock-Based Comp

$415K

Previous: $383K+8.4%

Revenue & EPS history

German American · Revenue · Quarterly

$66M

Q4 2022+18.6%vs Q4 2021
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

German American · $11.8M total across 5 segments · Q2 2022

  • Interchange Fees
    $4.17M
  • Deposit Service Charges
    $2.87M
  • Wealth Mgmt Fees
    $2.64M
  • Other Op Income
    $1.23M
  • COLI Income
    $894K

Forward guidance

While we anticipate some potential inflationary and recessionary challenges in 2023, we remain excited and committed to the vitality and future growth of our Indiana and Kentucky communities.

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 Q4 2022

Historical avgQ4 2022

+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%

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