Hovde Group upgraded German American Bancorp from Market Perform to Outperform and set a new price target of $48.00 from $41.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $41.00 → $48.00 | Market Perform → Outperform | Hovde Group |
| 10/15/2024 | $45.00 | Overweight | Stephens |
| 5/31/2024 | $33.00 → $34.00 | Market Perform | Hovde Group |
| 1/5/2024 | $38.00 | Mkt Perform → Outperform | Raymond James |
| 5/25/2023 | $31.00 | Neutral | Piper Sandler |
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for Heartland of $16.2 million (total impact of $16.8 million on an after-tax basis). As a result, quarterly earnings declined by approximately $12.7 million, or 62% on a per share basis, from 2024 fourth quarter earnings of $23.2 million
German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American's banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the "Exchange Ratio") for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the exchange agent designated
German American Bancorp, Inc. (NASDAQ:GABC) reported strong fourth quarter 2024 earnings of $23.2 million, or $0.78 per share, reflecting a linked quarter increase of $2.2 million, or approximately 10% on a per share basis, from 2024 third quarter earnings of $21.0 million, or $0.71 per share. The Company also reported strong annual earnings of $83.8 million, or $2.83 per share, for the year ended December 31, 2024. This level of reported annual earnings resulted in a 12.2% return on average shareholders' equity, marking the 20th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders' equity. The Company also announced a 7.4% increase to its quarter
Hovde Group upgraded German American Bancorp from Market Perform to Outperform and set a new price target of $48.00 from $41.00 previously
Stephens initiated coverage of German American Bancorp with a rating of Overweight and set a new price target of $45.00
Hovde Group reiterated coverage of German American Bancorp with a rating of Market Perform and set a new price target of $34.00 from $33.00 previously
German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for Heartland of $16.2 million (total impact of $16.8 million on an after-tax basis). As a result, quarterly earnings declined by approximately $12.7 million, or 62% on a per share basis, from 2024 fourth quarter earnings of $23.2 million
German American Bank has been ranked second in the nation on the Forbes America's Best Banks 2025 list and is the highest ranked bank serving Indiana, Kentucky and Ohio. Each year, Forbes evaluates the 200 largest publicly traded banks and thrifts by asset size (German American Bank was 142nd in size) and then ranks the top 100 financial performers. "We are incredibly proud to be ranked the #2 bank in the country on this prestigious Forbes list," said Neil Dauby, Chairman and CEO of German American Bank. "This recognition is a testament to our entire German American team of professionals who are passionate, dedicated and work hard every day to support each other, our customers, our communi
German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American's banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the "Exchange Ratio") for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the exchange agent designated
Jasper, Indiana-based, German American BancCorp, Inc. (NASDAQ:GABC, or ", German American", ))) (KBRA senior unsecured debt rating: BBB+ / Stable Outlook) announced on July 29 that it had entered into a merger agreement to acquire Heartland BancCorp (OTCQX:HLAN, Heartland', ))), based in Whitehall, Ohio. The transaction, valued at $330.2 million (P/TBV: 2.02x), is an all-stock deal consideration and expected to close in 1Q25 pending regulatory approval. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. G. Scott McComb, Chair
JASPER, Ind. and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) ("German American") and Heartland BancCorp (OTCQX:HLAN) ("Heartland") jointly announced today that they have entered into a definitive agreement to merge Heartland into German American. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. Under the terms of the definitive agreement, Heartland shareholders, other than the Heartland retirement plan, will receive 3.90 shares of German American common stock for each s
JASPER, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) announced today the appointment of Angela Curry, General Counsel and Vice President for Legal Affairs at the University of Louisville, to its corporate board of directors effective as of January 1, 2023. As General Counsel, Curry serves as the University's chief legal officer. She directs and manages the provision of all legal services to the University of Louisville while supporting and advancing the overall mission and Cardinal Principles. In addition to her role as General Counsel and Vice President for Legal Affairs, in 2021 Curry was also appointed to serve as Interim Chief of Staff for Univer
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8-K - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
8-K - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
8-K/A - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)