German American Bancorp Third Quarter 2024 Earnings: EPS Beats Expectations

German American Bancorp (NASDAQ:GABC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$61.8m (flat on 3Q 2023).
• Net income: US$21.0m (down 1.9% from 3Q 2023).
• Profit margin: 34% (in line with 3Q 2023).
• EPS: US$0.71 (down from US$0.72 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

German American Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of German American Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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