German American Bancorp, Inc. (GABC) Posts Solid 4th Quarter and Annual 2023 Earnings; Declares 8% Cash Dividend Increase

JASPER, Ind., Jan. 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) reported solid annual earnings of $85.9 million, or $2.91 per share, for the year ended December 31, 2023, representing the second highest level of earnings per share in the Company’s history. This level of reported annual earnings resulted in a 14.7% return on average shareholders’ equity, marking the 19^th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders’ equity. The Company also announced the declaration of an 8% increase in its quarterly cash dividend, marking the 12^th consecutive year of increased cash dividends.

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