Trade German American Bancorp Inc - GABC CFD

German American Bancorp Company profile

About German American Bancorp., Inc.

German American Bancorp, Inc. is a financial holding company. The Company through its banking subsidiary German American Bank, operates approximately 68 banking offices in 19 contiguous southern Indiana counties and eight counties in Kentucky. Its segments are core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in its local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. The insurance segment offers a range of personal and corporate property and casualty insurance products, mainly in the Company’s banking subsidiary’s local markets.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, German American Bancorp., Inc. interest income decreased 2% to $170.4M. Net interest income after loan loss provision increased 22% to $167.3M. Net income increased 35% to $84.1M. Net interest income after loan loss provision reflects Core Banking segment increase of 21% to $169.9M, Wealth Management Services segment increase from $18K to $42K.

Equity composition

Common Stock no Par, 05/11, 20M auth., 12,591,820 issd. Insiders & Stakeholders own 9.84%. IPO: NA.11/97, 2-for-1 stock split; 11/03, 11/02, 11/01, 11/00, 11/99, 11/98, 11/97,10/95, 10/96, 5% stock dividends. FY'02 financials are reclassified. 05/06, Name changed from German American Bancorp.