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German American Bancorp Inc (GABC.OQ)

GABC.OQ on NASDAQ Stock Exchange Global Select Market

26 May 2017
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$0.15 (+0.48%)
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Latest Key Developments (Source: Significant Developments)

German American Bancorp reports Q2 earnings 64 cents/shr
Monday, 25 Jul 2016 05:13pm EDT 

German American Bancorp Inc : German American Bancorp Inc reports record quarterly earnings . Q2 earnings per share $0.64 . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . German American Bancorp Inc says company's allowance for loan losses totaled $15.3 million at June 30, 2016 compared to $15.2 million at March 31, 2016 .During quarter ended June 30, 2016, net interest income totaled $24.7 million representing increase of 32 percent.  Full Article

German American Bancorp Inc announces 6% increase in quarterly cash dividend
Tuesday, 19 Jan 2016 08:02am EST 

German American Bancorp Inc:Declared a quarterly cash dividend of $0.18 per share, representing approximately a 6% increase from the level of its prior period dividend.Dividend will be payable on February 20, 2016 to shareholders of record as of January 29, 2016.  Full Article

River Valley Bancorp and River Valley Bancorp Announce Definitive Merger Agreement
Monday, 26 Oct 2015 04:35pm EDT 

German American Bancorp Inc and River Valley Bancorp:Have entered into a definitive agreement to merge River Valley into German American. Upon completion of the transaction, River Valley's subsidiary bank, River Valley Financial Bank, will be merged into German American's similarly-named subsidiary bank, German American Bancorp.Under terms of the definitive agreement, River Valley common shareholders will receive 0.770 shares of German American common stock for each share of River Valley in a tax free exchange, plus a cash payment of $9.90 per River Valley share.Based upon the $30.02 per share 20-day volume weighted average price of German American's common shares ending on Oct. 22, the transaction has a value of $33.00 per River Valley common share.This represents a premium of 47 pct over the $22.40 closing price of River Valley's common shares on Oct. 23.Because a portion of the consideration to be received is German American's common stock, the transaction value will fluctuate until closing together with the market price of German American's common shares.The transaction is expected to be completed in early 2016.Raymond James & Associates, Inc. served as financial advisor on the transaction to German American and Bingham Greenebaum Doll LLP served as legal counsel.Keefe, Bruyette & Woods, Inc. served as financial advisor on the transaction to River Valley Bancorp and Barnes & Thornburg LLP served as legal advisor.  Full Article

More From Around the Web

BRIEF-German American Bancorp reports Q1 earnings per share $0.42

* German American Bancorp Inc (gabc) reports first quarter earnings & announces cash dividend increase