Jasper based German American Bancorp recently reported the achievement of record 2016 second quarter earnings of $9.8 million, or $0.64 per share.
The Company’s record earnings were enhanced by the inclusion of the operations of River Valley Bancorp, for the full quarter, following the acquisition of River Valley back on March 1st of this year.
The current quarter record performance represented a 16.4% increase, on a per share basis, from the $7.3 million, or $0.55 per share, reported in the second quarter of 2015.
German American CEO Mark Schroeder says the company is extremely pleased with the quarter’s results, which he says were positively impacted by both the anticipated earnings enhancements from the merger transaction with River Valley and by exceptionally strong loan growth throughout our footprint and within all loan categories.
The Company also announced that its Board of Directors declared its regular quarterly cash dividend of 18 cents per share, which will be payable on August 20th to shareholders of record as of August 10th.
