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Here's What Key Metrics Tell Us About German American Bancorp (GABC) Q2 Earnings
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German American Bancorp (GABC - Free Report) reported $64.89 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.8%. EPS of $0.69 for the same period compares to $0.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $60.2 million, representing a surprise of +7.80%. The company delivered an EPS surprise of +13.11%, with the consensus EPS estimate being $0.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how German American Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.3% compared to the 3.3% average estimate based on three analysts.
Efficiency ratio: 36.7% versus 58.2% estimated by three analysts on average.
Total Average Interest Earning Assets: $5.71 billion versus the two-analyst average estimate of $5.60 billion.
Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.1%.
Net Gains on Sales of Loan: $0.97 million versus the three-analyst average estimate of $0.90 million.
Total Non-interest Income: $18.92 million compared to the $14.89 million average estimate based on three analysts.
Net Interest Income: $45.97 million versus the two-analyst average estimate of $45 million.
Service charges on deposit accounts: $3.09 million versus $2.97 million estimated by two analysts on average.
Net interest income (FTE): $47.50 million versus $46.54 million estimated by two analysts on average.
Shares of German American Bancorp have returned +18.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About German American Bancorp (GABC) Q2 Earnings
German American Bancorp (GABC - Free Report) reported $64.89 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.8%. EPS of $0.69 for the same period compares to $0.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $60.2 million, representing a surprise of +7.80%. The company delivered an EPS surprise of +13.11%, with the consensus EPS estimate being $0.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how German American Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.3% compared to the 3.3% average estimate based on three analysts.
- Efficiency ratio: 36.7% versus 58.2% estimated by three analysts on average.
- Total Average Interest Earning Assets: $5.71 billion versus the two-analyst average estimate of $5.60 billion.
- Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.1%.
- Net Gains on Sales of Loan: $0.97 million versus the three-analyst average estimate of $0.90 million.
- Total Non-interest Income: $18.92 million compared to the $14.89 million average estimate based on three analysts.
- Net Interest Income: $45.97 million versus the two-analyst average estimate of $45 million.
- Service charges on deposit accounts: $3.09 million versus $2.97 million estimated by two analysts on average.
- Net interest income (FTE): $47.50 million versus $46.54 million estimated by two analysts on average.
View all Key Company Metrics for German American Bancorp here>>>Shares of German American Bancorp have returned +18.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.