Detail akcie German American online

Business Summary: German American Bancorp, Inc. is a financial holding company. The Company, through its banking subsidiary German American Bank, operates around 75 banking offices in 20 contiguous southern Indiana counties and 14 counties in Kentucky. Its segments include core banking, wealth management services, and insurance. 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 the Company’s local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management services segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. The insurance segment offers a full range of personal and corporate property and casualty insurance products, primarily in the Company's banking subsidiary's local markets.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, German American Bancorp Inc interest income increased 17% to $256.7M. Net interest income after loan loss provision decreased 3% to $187.9M. Net income increased 5% to $85.9M. Net interest income after loan loss provision reflects Core Banking segment decrease of 3% to $192.7M. Net income reflects Core Banking segment income increase of 2% to $85M, Other segment loss decrease of 32% to $3.8M.