German American Bancorp Inc. (GABC) Financial Statements (2024 and earlier)

Company Profile

Business Address 711 MAIN ST
JASPER, IN 47546
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments77,67447,91859,21361,95664,79958,233
Cash and cash equivalents77,67447,91859,21361,95664,79958,233
Total current assets:77,67447,91859,21361,95664,79958,233
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,8582,0682,278 
Operating lease, right-of-use asset6,2976,1158,2179,052
Property, plant and equipment    96,65180,62754,246
Intangible assets, net (including goodwill)189,783127,606130,940133,962113,64556,160
Goodwill180,357121,761121,956121,306103,68154,058
Intangible assets, net (excluding goodwill)9,4265,8458,98412,6569,9642,102
Total noncurrent assets:197,938135,789141,435239,665194,272110,406
Other undisclosed assets5,880,3795,424,8324,776,9294,096,0513,670,0192,975,721
TOTAL ASSETS:6,155,9915,608,5394,977,5774,397,6723,929,0903,144,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  68,32852,905167,736249,774133,499
Total current liabilities:  68,32852,905167,736249,774133,499
Noncurrent Liabilities
Long-term debt and lease obligation  3,0513,2243,381  
Finance lease, liability  3,0513,2243,381
Total noncurrent liabilities:  3,0513,2243,381  
Other undisclosed liabilities5,597,5984,868,7014,296,7393,652,7353,220,6762,646,290
Total liabilities:5,597,5984,940,0804,352,8683,823,8523,470,4502,779,789
Equity
Equity, attributable to parent558,393668,459624,709573,820458,640364,571
Common stock29,49326,55426,50226,67124,96722,934
Additional paid in capital387,171276,057274,385278,954229,347165,288
Accumulated other comprehensive income (loss)(263,438)15,48435,37515,105(7,098)(2,620)
Retained earnings405,167350,364288,447253,090211,424178,969
Total equity:558,393668,459624,709573,820458,640364,571
TOTAL LIABILITIES AND EQUITY:6,155,9915,608,5394,977,5774,397,6723,929,0903,144,360

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues196,526165,196173,448166,675124,047122,598
Net investment income192,708156,929163,540162,042121,04399,998
Financial services revenue22,600
Cost of revenue(6,350) (17,550)(5,325)(2,070)(1,750)
Provision for loan, lease, and other losses(6,350) (17,550)(5,325)(2,070)
Financial services costs(1,750)
Gross profit:190,176165,196155,898161,350121,977120,848
Operating expenses(37,340)(27,898)(24,509)(26,819)(23,531)(63,887)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,1166,9913,3883,2292,7852,641
Operating income:157,952144,289134,777137,760101,23159,602
Nonoperating income
(Bank Owned Life Insurance Income)
2,2641,5292,3072,0051,2431,341
Interest and debt expense(18,342)(9,549)(19,126)(31,249)(19,139)(11,121)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(42,698)(33,484)(42,914)(37,277)(27,278)2,388
Income from continuing operations before income taxes:99,176102,78575,04471,23956,05752,210
Income tax expense(17,351)(18,648)(12,834)(12,017)(9,528)(11,534)
Income from continuing operations:81,82584,13762,21059,22246,52940,676
Income before gain (loss) on sale of properties:84,13762,21059,22246,52940,676
Net income available to common stockholders, diluted:81,82584,13762,21059,22246,52940,676

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:81,82584,13762,21059,22246,52940,676
Other comprehensive income (loss) 54  (37)(4,478)4,253
Comprehensive income:81,87984,13762,21059,18542,05144,929
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(278,976)(19,891)20,27022,240  
Comprehensive income (loss), net of tax, attributable to parent:(197,097)64,24682,48081,42542,05144,929

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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