By Herald Staff
JASPER — German American Bancorp Inc. reported first quarter 2021 earnings of $19.6 million, or $0.74 per share. This level of strong quarterly earnings represented an increase of $7.1 million, or approximately 57% on a per share basis, from 2020 first quarter earnings of $12.5 million, or $0.47 per share.
The first quarter 2021 earnings growth was driven by a number of factors including improved net interest income, lower provision for credit losses and increased non-interest revenue which was partially offset by a modestly higher level of non-interest expense.
To see the full financial report, visit ir.germanamerican.com.