Here's What Key Metrics Tell Us About German American Bancorp (GABC) Q3 Earnings

Core Insights - German American Bancorp (GABC) reported revenue of $62.4 million for Q3 2024, a slight year-over-year increase of 0.1% [1] - The company's EPS for the quarter was $0.71, down from $0.73 a year ago, with a surprise of +1.43% compared to the consensus estimate of $0.70 [1] Financial Performance Metrics - Efficiency ratio stood at 56.2%, higher than the average estimate of 55.1% from three analysts [3] - Net Interest Margin was reported at 3.5%, matching the average estimate from three analysts [3] - Net charge-offs to average loans were 0%, better than the average estimate of 0.1% from two analysts [3] - Total Average Interest Earning Assets were $5.71 billion, slightly below the average estimate of $5.74 billion from two analysts [3] - Net Gains on Sales of Loan were $0.70 million, lower than the average estimate of $1.03 million from three analysts [3] - Total Non-interest Income was $13.80 million, slightly above the average estimate of $13.75 million from three analysts [3] - Net interest income (FTE) was $49.75 million, below the average estimate of $50.07 million from two analysts [3] - Service charges on deposit accounts were $3.33 million, exceeding the average estimate of $3.05 million from two analysts [3] - Net Interest Income was reported at $48.59 million, marginally below the average estimate of $48.60 million from two analysts [3] Stock Performance - Shares of German American Bancorp have returned +2.3% over the past month, outperforming the Zacks S&P 500 composite's +2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]