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JASPER, Ind. (AP) — JASPER, Ind. (AP) — German American Bancorp Inc. (GABC) on Monday reported first-quarter profit of $10.5 million.
The bank, based in Jasper, Indiana, said it had earnings of 30 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 79 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The financial services holding company posted revenue of $111.1 million in the period. Its revenue net of interest expense was $81.4 million, which also beat Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GABC at https://www.zacks.com/ap/GABC