Indiana Economic Digest | Indiana
Advanced Search

• Most Recent

home : most recent : region 5 March 17, 2018

1/31/2018 10:29:00 AM
Jasper's German American Bank reports 8th consecutive year of record performance


JASPER — German American Bancorp Inc. achieved record annual earnings for 2017, marking the eighth consecutive year of record performance.

This level of annual earnings performance resulted in a 11.6 percent return on shareholders’ equity for 2017, noting the 13th consecutive fiscal year in which the company has delivered double-digit returns on shareholders’ equity.

There was also a 15 percent increase in its quarterly cash dividend.

The company’s 2017 net income of $40.7 million, or $1.77 per share, was an increase of approximately $5.5 million, or 13 percent on a per share basis, over its previous record annual net income of $35.2 million, or $1.57 per share, reported in 2016.

2010 - 2018 Jasper Herald Company. All Rights Reserved.

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

Software © 1998-2018 1up! Software, All Rights Reserved