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Compared to Estimates, German American Bancorp (GABC) Q1 Earnings: A Look at Key Metrics
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German American Bancorp (GABC - Free Report) reported $60.82 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5%. EPS of $0.64 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $61.05 million, representing a surprise of -0.38%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 57.9% compared to the 57.8% average estimate based on three analysts.
Net Interest Margin: 3.4% versus 3.4% estimated by three analysts on average.
Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
Total Average Interest Earning Assets: $5.59 billion compared to the $5.57 billion average estimate based on two analysts.
Net Gains on Sales of Loan: $0.75 million compared to the $0.72 million average estimate based on three analysts.
Total Non-interest Income: $15.82 million versus the three-analyst average estimate of $15.89 million.
Net interest income (FTE): $46.64 million versus the two-analyst average estimate of $47.04 million.
Service charges on deposit accounts: $2.90 million versus the two-analyst average estimate of $2.92 million.
Net Interest Income: $44.99 million compared to the $45.17 million average estimate based on two analysts.
Shares of German American Bancorp have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.5% 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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Compared to Estimates, German American Bancorp (GABC) Q1 Earnings: A Look at Key Metrics
German American Bancorp (GABC - Free Report) reported $60.82 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5%. EPS of $0.64 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $61.05 million, representing a surprise of -0.38%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 57.9% compared to the 57.8% average estimate based on three analysts.
- Net Interest Margin: 3.4% versus 3.4% estimated by three analysts on average.
- Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Total Average Interest Earning Assets: $5.59 billion compared to the $5.57 billion average estimate based on two analysts.
- Net Gains on Sales of Loan: $0.75 million compared to the $0.72 million average estimate based on three analysts.
- Total Non-interest Income: $15.82 million versus the three-analyst average estimate of $15.89 million.
- Net interest income (FTE): $46.64 million versus the two-analyst average estimate of $47.04 million.
- Service charges on deposit accounts: $2.90 million versus the two-analyst average estimate of $2.92 million.
- Net Interest Income: $44.99 million compared to the $45.17 million average estimate based on two analysts.
View all Key Company Metrics for German American Bancorp here>>>Shares of German American Bancorp have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.5% 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.