Stock Analysis
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- NasdaqGS:GABC
German American Bancorp First Quarter 2024 Earnings: Revenues Disappoint
German American Bancorp (NASDAQ:GABC) First Quarter 2024 Results
Key Financial Results
- Revenue: US$59.9m (down 4.7% from 1Q 2023).
- Net income: US$19.0m (down 8.6% from 1Q 2023).
- Profit margin: 32% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.64 (down from US$0.70 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
German American Bancorp Revenues Disappoint
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with German American Bancorp.
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About NasdaqGS:GABC
German American Bancorp
German American Bancorp, Inc. operates as a financial holding company for German American Bank that provides retail and commercial banking services.
Flawless balance sheet average dividend payer.