German American posts strong 4th quarter; declares 9% cash dividend increase

Sourced from Southern Indiana Business Report

JASPER – German American Bancorp, Inc. (Nasdaq: GABC) reported strong annual earnings of $81.8 million, or $2.78 per share, for the year end Dec. 31, 2022, representing the second highest level of annual earnings in the company’s history. This level of reported annual earnings resulted in a 13.4% return on average shareholders’ equity, marking the 18th consecutive fiscal year in which the company has delivered a double-digit return on shareholders’ equity. The company also announced the declaration of a 9% increase in its quarterly cash dividend, marking the 11th consecutive year of increased cash dividends.

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