Overview

* German American Q2 net income rises 180% from Q1, driven by Heartland merger

* Adjusted EPS of $0.86 reflects strong operational performance and margin expansion

* Co reduces non-interest expenses by 6% from Q1, improving efficiency

Outlook

* German American sees benefits from Heartland integration driving future efficiencies

* Company anticipates positive impact from normalizing yield curve

* German American optimistic about lending pipeline strength in acquired regions

Result Drivers

* HEARTLAND MERGER - Earnings driven by integration of Heartland operations, contributing to net interest income and efficiencies

* LOAN GROWTH - Approximately 7% organic loan growth across all segments and regions

* EFFICIENCY IMPROVEMENTS - Reduction in non-interest expenses and improved efficiency ratio from 54.13% to 50.23%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $74.42

Interest mln

Income

Q2 $75.50

Credit mln

Loss

Provisio

n

Q2 $0.29

Dividend

Q2 Short $353.59

Term mln

Investme

nts

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for German American Bancorp Inc ( GABC ) is $45.50, about 12.3% above its July 25 closing price of $39.92

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)