German American Bancorp Full Year 2023 Earnings: EPS Beats Expectations
German American Bancorp (NASDAQ:GABC) Full Year 2023 Results
Key Financial Results
Revenue: US$248.1m (down 2.1% from FY 2022).
Net income: US$85.9m (up 5.0% from FY 2022).
Profit margin: 35% (up from 32% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$2.91 (up from US$2.78 in FY 2022).
GABC Banking Performance Indicators
Non-performing loans: 0.23% (down from 0.38% in FY 2022).
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 2.0%.
Looking ahead, revenue is forecast to grow 2.4% 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 1.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for German American Bancorp that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
