JASPER, Ind. (AP) — JASPER, Ind. (AP) — German American Bancorp Inc. (GABC) on Monday reported fourth-quarter profit of $23.2 million.
The bank, based in Jasper, Indiana, said it had earnings of 78 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The financial services holding company posted revenue of $90.7 million in the period. Its revenue net of interest expense was $65.1 million, also beating Street forecasts.
For the year, the company reported profit of $83.8 million, or $2.83 per share. Revenue was reported as $253.3 million.
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