U.S. Markets open in 1 hr 41 mins

German American Bancorp: 3Q Earnings Snapshot

JASPER, Ind. (AP) _ German American Bancorp Inc. (GABC) on Monday reported third-quarter profit of $13.1 million.

The Jasper, Indiana-based bank said it had earnings of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 55 cents per share.

The financial services holding company posted revenue of $59 million in the period. Its revenue net of interest expense was $50.6 million, topping Street forecasts.

German American Bancorp shares have climbed 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.11, a climb of slightly more than 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GABC at https://www.zacks.com/ap/GABC