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German American Bancorp Inc reports results for the quarter ended September 30 - Earnings Summary
German American Bancorp Inc reported quarterly adjusted earnings of $1.03 per share, above last year's 92 cents and the $1.01 average estimate from six analysts. Revenue rose 8.6% to $102.22 million, slightly below the $102.54 million analysts expected, and net income was $38.64 million.
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What happened
German American Bancorp Inc reported quarterly adjusted earnings of $1.03 per share, above last year's 92 cents and the $1.01 average estimate from six analysts. Revenue rose 8.6% to $102.22 million, slightly below the $102.54 million analysts expected, and net income was $38.64 million.
Confirmed
Global impact / market context
Higher earnings per share than a year ago and above analyst estimates suggest the bank is producing more profit per share, which can support the stock's 'buy' rating. Revenue falling just short of expectations shows growth came in slightly weaker than analysts had projected.
Analyst inference
The $55.00 median price target sits about 7.6% above the $50.84 last close, and the average analyst rating is 'buy.' The mean earnings estimate rose about 5.2% over three months, showing improved analyst expectations for the bank.
Analyst inference
What to watch
- The median 12-month price target is $55.00, about 7.6% above the last closing price of $50.84, with an average analyst rating of 'buy' across six analysts. Confirmed
- Watch whether analysts revise earnings estimates in coming weeks, since the mean estimate rose about 5.2% in three months but saw no revisions in the last 30 days. Proposed
- Watch whether revenue growth of 8.6% continues, because revenue missed the $102.54 million analyst estimate, which could pressure profit per share if costs do not adjust. Analyst inference
Evidence
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