For the quarter ended June 2023, German American Bancorp (GABC - Free Report) reported revenue of $63.15 million, down 2.5% over the same period last year. EPS came in at $0.75, compared to $0.81 in the year-ago quarter.
The reported revenue represents a surprise of +0.97% over the Zacks Consensus Estimate of $62.55 million. With the consensus EPS estimate being $0.68, the EPS surprise was +10.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how German American Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 54.08% versus 56.39% estimated by three analysts on average.
- Net Interest Margin [%]: 3.63% compared to the 3.6% average estimate based on three analysts.
- Net Charge-off (% of Average Loans): 0.06% versus 0.12% estimated by two analysts on average.
- Total Average Interest Earning Assets: $5.51 billion versus the two-analyst average estimate of $5.51 billion.
- Net Gains on Sales of Loans and Related Assets: $0.63 million compared to the $0.90 million average estimate based on three analysts.
- Total Non-interest Income: $14.90 million compared to the $14.44 million average estimate based on three analysts.
- Net interest income (FTE): $49.85 million versus the two-analyst average estimate of $49.31 million.
- Service charges on deposit accounts: $2.88 million versus the two-analyst average estimate of $2.96 million.
- Net Interest Income: $48.26 million versus $47.90 million estimated by two analysts on average.
View all Key Company Metrics for German American Bancorp here>>>Shares of German American Bancorp have returned +7.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2023, German American Bancorp (GABC - Free Report) reported revenue of $63.15 million, down 2.5% over the same period last year. EPS came in at $0.75, compared to $0.81 in the year-ago quarter.
The reported revenue represents a surprise of +0.97% over the Zacks Consensus Estimate of $62.55 million. With the consensus EPS estimate being $0.68, the EPS surprise was +10.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how German American Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 54.08% versus 56.39% estimated by three analysts on average.
- Net Interest Margin [%]: 3.63% compared to the 3.6% average estimate based on three analysts.
- Net Charge-off (% of Average Loans): 0.06% versus 0.12% estimated by two analysts on average.
- Total Average Interest Earning Assets: $5.51 billion versus the two-analyst average estimate of $5.51 billion.
- Net Gains on Sales of Loans and Related Assets: $0.63 million compared to the $0.90 million average estimate based on three analysts.
- Total Non-interest Income: $14.90 million compared to the $14.44 million average estimate based on three analysts.
- Net interest income (FTE): $49.85 million versus the two-analyst average estimate of $49.31 million.
- Service charges on deposit accounts: $2.88 million versus the two-analyst average estimate of $2.96 million.
- Net Interest Income: $48.26 million versus $47.90 million estimated by two analysts on average.
View all Key Company Metrics for German American Bancorp here>>>Shares of German American Bancorp have returned +7.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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